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 and Reference Month

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. FXCM expiration dates and current reference month for NGAS are located in the FRIEDBERG DIRECT CFD Expiration PDF.

If you have an open position, the reference month you are trading will not be changed, although expiration dates may be amended. Upcoming reference months may be changed with no prior notice. Please ensure you are aware of which reference month is currently being priced, prior to opening a trade.

Clients that hold an open position on the ‘FXCM Expiration’ will be closed at our bid/offer at 17:00 New York time for NGAS, which means the client will realise any floating P/L at the time it is closed. When NGAS expires, all pending Entry orders and Stop/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 12 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.