Buying and selling in CME’s Micro Henry Hub futures surpasses 50,000 contracts

Worldwide derivatives market CME Group in the present day introduced that buying and selling in its new Micro Henry Hub futures has surpassed 50,000 contracts since launching on November 6, 2023.

“Heightened geopolitical occasions and a wave of latest LNG amenities have helped solidify Henry Hub as the middle of world fuel markets, which has pushed a rise in demand for our highly-liquid merchandise,” stated Peter Keavey, International Head of Power and Environmental Merchandise at CME Group. “We’re happy to increase our market entry with the launch of Micro Henry Hub contracts and assist a broader vary of merchants handle their pure fuel publicity with extra precision.”

As Henry Hub’s significance as a worldwide benchmark will increase, so has participation in Henry Hub futures and choices. Common each day quantity (ADV) in Henry Hub futures (NG) was roughly 421,000 contracts in October, up 38% from final yr, with over 22% of quantity originating exterior of the U.S. Henry Hub choices ADV in October was roughly 184,000 contracts, up 113% from final yr, as international merchants more and more turned to CME Group to commerce power choices effectively.

Micro Henry Hub futures and choices are one-tenth of the scale of the corporate’s benchmark Henry Hub contracts and cash-settled. They’re listed by and topic to the foundations of NYMEX.