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ICE Futures U.S.

Enbridge Station 2 Index Future

Description

A monthly cash settled Exchange Futures Contract based upon the mathematical result of subtracting the monthly price published by Canadian Gas Price Reporter, as defined in Reference Price B, from the average of the daily prices published by Canadian Gas Price Reporter, as defined in Reference Price A.

Market Specifications

Trading Screen Product Name
NG Index ICE NGX Month for DA Futures (US/MM)
Trading Screen Hub Name
Enbridge Station 2
Contract Symbol
E2I
Settlement Method
Cash settlement
Contract Size
2500 MMBtus
Currency
USD
Minimum Price Fluctuation
The price quotation convention shall be One hundredth of a cent ($0.0001) per MMBtu; minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 to this Chapter 18.
Listing Cycle
Up to 120 consecutive monthly Contract Periods, or as otherwise determined by the Exchange
Last Trading Day
The last Business Day prior to the first calendar day of the Contract Period
Final Settlement
Average of the Reference Price A prices minus Reference Price B
REFERENCE PRICE A
NATURAL GAS- ICE NGX SPECTRA STATION #2 DAY AHEAD (US$/MMBTU)-CANADIAN GAS PRICE REPORTER
a) Ref Price A - Description
“NATURAL GAS- ICE NGX SPECTRA STATION #2 DAY AHEAD (US$/MMBTU)-CANADIAN GAS PRICE REPORTER” means that the price for a Pricing Date will be that day's Specified Price per MMBTU of natural gas for delivery on the Delivery Date, stated in U.S. Dollars, published under the heading "ICE NGX SPECTRA STATION #2 Day Ahead Index (Price US$/MMBtu" in the issue of Canadian Gas Price Reporter that reports prices effective for that Pricing Date.
b) Ref Price A - Pricing Date
Each day that prices are reported for the Delivery Date
c) Ref Price A - Specified Price
Index US$/MMBtu
d) Ref Price A - Pricing calendar
Canadian Gas Price Reporter
e) Ref Price A - Delivery Date
Each calendar day in the Contract Period
REFERENCE PRICE B
NATURAL GAS - ICE NGX ENBRIDGE STATION #2 MONTH AHEAD INDEX (US$/MMBTU) - CANADIAN PRICE REPORTER
a) Ref Price B - Description
"NATURAL GAS- ICE NGX ENBRIDGE STATION #2 MONTH AHEAD INDEX (US$/MMBTU)-CANADIAN GAS PRICE REPORTER" means that the price for a Pricing Date will be that day's Specified Price per MMBTU of natural gas for delivery on the Delivery Date, stated in U.S. Dollars, published under the heading "ICE NGX MONTHLY INDICES: ICE NGX Month Ahead & Bidweek: ICE NGX ENBRIDGE STATION #2 MONTH AHEAD: INDEX US$/MMBtu" in the issue of Canadian Gas Price Reporter that reports prices effective for that Pricing Date.
b) Ref Price B - Pricing Date
First publication date of the Contract Period
c) Ref Price B - Specified Price
Index US/MMBtu
d) Ref Price B - Pricing Calendar
Canadian Gas Price Reporter
e) Ref Price B - Delivery Date
Contract Period
Final Payment Date
The third Clearing Organization business day following the last Business Day of the Contract Period
MIC Code
IFED
Clearing Venues
ICEU

Trading Hours

CityTradingPre-Open
New York7:50 PM - 6:00 PM*
19:50 - 18:00
7:40 PM
19:40
London12:50 AM - 11:00 PM*
00:50 - 23:00
12:40 AM
00:40
Singapore7:50 AM - 6:00 AM*
07:50 - 06:00
7:40 AM
07:40

*Next Day

Sunday Pre-Open 5:10 PM ET; Closed on Saturday

Codes

Clearing Admin Name
Canada Index
Physical
E2I
Logical
E2I
GMI (FC)
ION A.C.N.
Symbol Code
E2I