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NGAS

NGAS is the pricing point for natural gas futures contracts on the New York Mercantile Exchange (NYMEX). Spot and future prices set at Henry Hub are denominated in $/mmbtu (millions of British thermal units) and are generally seen to be the primary price set for the North American natural gas market. North American unregulated wellhead and burner tip natural gas prices are closely correlated to those set at Henry Hub.

Margin Requirements

Can be viewed in the dealing rates and create order windows on the trading station, or by using the CFD Product Guide.

Trading Hours & Expiration

Please click here for trading hours. Please note, however, that hours are subject to change based on Daylight Savings Time. Any holiday hours will be posted here. Friedberg Direct expiration dates for NGAS are located in the Friedberg Direct CFD Expiration PDF.

When NGAS expires, all pending Stop and Limit orders that are associated with the expiring contract will be cancelled. Clients will need to re-establish another position if desired after the expiration and reinsert Stop and Limit orders to the new open position.

Target Spread

NGAS has a target spread of 10.0 pips/points

Max Contract Size

The maximum number of contracts per click (trade) for NGAS is 100.

Minimum Pip Cost (Value)

NGAS has a minimum value of $0.10 per point (Your per point value may be different if your account is denominated in a different currency. Please refer to the Simple Dealing Rates Window in Trading Station for this value).

The pip/point location is shown below. Each 0.001 price movement on NGAS is 1 pip/point. Friedberg Direct’s pricing displays an additional decimal place - ideal for scalpers in a fast-moving market.

Number of Friedberg Direct Contracts to Equal 1 Future

100 Friedberg Direct NGAS are currently equivalent to one Natural Gas Future.

Other Information

NGAS has no financing cost (Rollover).

With Friedberg Direct’s new Enhanced Execution, there is no minimum stop distance for NGAS.