These Futures Trading Facts are brought to you by:

THE CONSENSUS® DIRECTORY
OF FUTURES TRADING FACTS

NATURAL GAS & PROPANE

COMMODITY
TYPE 		 NATURAL GAS NATURAL GAS PROPANE
EXCHANGE
NAME 		 NYME KCBT NYME
TRADING TIME
(CENTRAL) 		 8:30 - 2:10 8:50 - 2:30 7:35 - 1:40
DELIVERY
MONTHS 		 All months All months All months
CONTRACT
UNIT 		 1,000 bbl 10,000MMBtu 10,000MMBtu
PRICE
QUOTED IN 		 $MMBtu $MMBtu $/gal.
MINIMUM
FLUCTUATION 		 $.001/MMBtu $.001/MMBtu $.0001 gal.
$VALUE OF 
MINIMUM TICK 		 10.00 10.00 4.20
$VALUE OF 
1¢ MOVE 		 10 10 420
MAX DAILY LIMITS
ABOVE OR BELOW
PREV CLS.¢ 		 $2/MMBtu none 4 cent/gal.
MAX DAILY LIMITS
ABOVE OR BELOW
PREV CLS. $ 		 20 none 1680
DAILY MAX. PERM
RANGE BET. DAY'S
HIGH & LOW ¢ 		 $4/MMBtu none 8 cent gal.
DAILY MAX. PERM
RANGE BET DAY'S
HIGH & LOW $ 		 40 none 3360
LAST 
TRADE DAY 		 5th bus day prior to
1st day of del. month		 3rd bus day prior to
1st day of del month		 Last bus day of
the preceding month
FIRST 
DELIVERY DAY 		 1st calander day 1st calander day 10th business day
NET MARGIN 
REQ INITIAL 		 9450.00 1250.00 2565.00
NET MARGIN 
REQ MANT. 		 7000.00 1000.00 1900.00
SPREAD MARGIN 
REQ INITIAL 		 2025.00 Market 540.00
SPREAD MARGIN 
REQ MANT. 		 1500.00 Market 400.00

KEY TO CONTRACT MONTHS

1st
Year		 Month 2nd
Year		 1st
Year		 Month 2nd
Year		 1st
Year		 Month 2nd
Year 
F January A K May E U September P 
G February B M June F V October R 
H March C N July L X November S 
J April D Q August O Z December T 
  • Minimum margin requirements have been recommended by the com. exchanges listed. Spread margins are intra-market only.
  • Consult your broker for changes that occur during spot months.
  • Contact your broker for individual brokerage hour margin requirements.
  • Contact your broker or the exchange for information on variable trading limits.
  • Price limitations are imposed by the various exchanges to prevent extreme price changes in any one day. When prices reach the trading limit, trading beyond that limit is stopped for that day. In nearly all markets, the Board of Directors of Governors has the power to change the limits in emergencies. in the current month, the limitations are broadened in certain futures contracts by permitting wider price ranges and in others by removing limitations entirely.
  • The above compilation includes all active commodities and their markets. The information contained herein is from sources believed to be reliable, but we cannot be held responsible for either its accuracy or completeness.
  • All information contained herein is subject to change by action of the respective commodity exchanges. We will make every effort to update any changes. We suggest that you direct any questions to the members of the exchanges. Those acting on this information are responsible for their own actions.

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    Copyright© CONSENSUS, Inc. 2001 

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