CME Group LNG Japan/Korea Marker (Platts)

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LNG Japan/Korea Marker (Platts) was officially listed on Feb 8th, 2021 by the CME along with CME Group Japan Crude Cocktail (Detailed) and CME Group E-mini Nikkei 225 - Yen Denominated.[1]

LNG Japan/Korea Marker (Platts) Futures
Contract Unit 10,000 MMBtu
Trading Hours CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
CME ClearPort: Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Minimum Price Fluctuation 0.005 per MMBtu
Product Code CME Globex: JKM

CME ClearPort: JKM

Clearing: JKM

Listed Contracts Monthly contracts listed for the current year and the next 5 calendar years. Monthly contracts for a new calendar year will be added following the termination of trading in the December contract of the current year.
Settlemnt Method Financially Settled
Floating Price The ‘Settlement Period’ for a specified contract month shall be the one month period that starts on, and includes, the 16th calendar day of the month that is two months prior to the contract month, and ends on, and includes the 15th calendar day of the month prior to the contract month.

The Floating Price shall be determined following the publication of the DES Japan/Korea daily LNG marker (JKM) by Platts on the last publication day in the Settlement Period. If such day is not an Exchange business day, the Floating Price shall be determined on the following Exchange business day.

The Floating Price for each contract month is equal to the arithmetic average of the DES Japan/Korea Marker (JKM) published in respect of the contract month by Platts in LNG Daily for each day that it is published during the Settlement Period.

Termination of Trading The 15th calendar day of the month prior to the contract month. If this is not a business day, the preceding business day
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 868
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
LNG Japan/Korea Marker (Platts) Average Price Option
Contract Unit 10,000 MMBtu
Minimum Price Fluctuation 0.005 per MMBtu = $50.00
Price Quotation U.S. dollars and cents per MMBtu.
Product Code CME Globex: JKO

CME ClearPort: JKO

Clearing: JKO

Listed Contracts Monthly contracts listed for the current year and the next 2 calendar years. Add monthly contracts for a new calendar year following the termination of trading in the December contract of the current year.
Termination of Trading Trading terminates on the 15th calendar day of the month prior to the contract month. If this is not a business day, trading terminates on the prior business day.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 868
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures Strike Price Listing and Exercise Procedures Table
Exercise Style European
Settlemnt Method Financially Settled
Underlying LNG Japan/Korea Marker (Platts) Futures
LNG Japan/Korea Marker (Platts) Futures-Style Margined Average Price Option
Contract Unit 10,000 MMBtu
Minimum Price Fluctuation 0.005 per MMBtu = $50.00
Price Quotation U.S. dollars and cents per MMBtu.
Trading Hours Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET)
Product Code CME Globex: JFO

CME ClearPort: JFO Clearing: JFO

Listed Contracts Monthly contracts listed for the current year and the next 2 calendar years. Add monthly contracts for a new calendar year following the termination of trading in the December contract of the current year.
Termination of Trading Trading terminates on the 15th calendar day of the month prior to the contract month. If this is not a business day, trading terminates on the prior business day.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 864
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures Strike Price Listing and Exercise Procedures Table
Exercise Style European
Settlemnt Method Financially Settled
Underlying LNG Japan/Korea Marker (Platts) Futures

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