Ira,
These are NYMEX contracts traded on Globex exclusively. The HH is
supposed to be the electronic equivalent of the NG pit contract. Come right up
on my IB. Also WS is the electronic version of the LC contract. They also have
gasoline, heating oil, and a spread between NG and electricity. A few
months ago the only electronic NYMEX contracts were mini's with only one month
active. The new contracts are listed for several years out just like the pit
traded contracts. I have the WS, HH, and HP contracts loaded in my TWS and am
watching them for now.
I remember years ago when the futures exchanges were all fighting
doing anything electronic and the only way the electronic brokers
could handle orders was to link to the pit. Now all are going electronic.
Grains have been on ECBOT nights only but going days too on August 1..
About the only contracts which seem to be unavailable on the electronic
exchanges are the softs.
Earl
----- Original Message -----
Sent: Tuesday, July 18, 2006 6:27
PM
Subject: Re: [RT] Natural Gas
Contracts
I checked DTN and they don't have those symbols
listed under the NYMEX. do you think they are traded on the comex or
cme globlex function. I don't have time to check right
now.
Thanks, Ira.
----- Original Message -----
Sent: Tuesday, July 18, 2006 1:49
PM
Subject: [RT] Natural Gas
Contracts
I'm researching the new NG contracts traded on Globex. Information on
the NYMEX website describes the two contracts:
Two financially-settled natural gas (HH & HP)
contracts are available for trading on the CME Globex®
system. The HH contract settles on the same date as the
physically-delivered NG contract and HP is a penultimate
contract. Both contracts are listed for 72
months.
- HP: Trading terminates at the close of business four business days
prior to the first calendar day of the delivery month.
- HH: Trading terminates at the close of business three business days
prior to the first calendar day of the delivery month.
I don't understand why there are two contracts which settle a day a
part nor do I understand which will have the greatest liquidity.
"Penultimate" is defined on M-W as "next to the last". I'd like to
understand what I'm trading and I'm confused. Can anyone here
help?
Earl
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