Commodity Exchange
COMMODITY EXCHANGE
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Financially Cleared Transactions

Through our agreement with The CME Group (NYMEX division), and for a selected group of products, HMX participants have the option to execute financially cleared over the counter (OTC) transactions on the HMX platform that are electronically transmitted in real-time to the CME Clearport clearing system.

Listed products settle either financially in cash or with physical delivery of product at a designated pre-defined delivery point. Functionally, cleared transactions are executed on HMX in the same manner as a bilateral transaction. Additionally, block trades that are conducted off-exchange can be submitted to Clearport through the HMX system for clearing participants.

Current cleared products are as follows, with additional products added as markets develop:

NYMEX
Symbol
Product Settlement Delivery Location Basis
PT Propane Swap Financial-OPIS LDH Mont Belvieu, TX
W8 Ethane Swap-Mont Belvieu Financial-OPIS NLDH Mont Belvieu, TX
W1 Propane Swap-Conway Financial-OPIS Conway, KS
Z2 Normal Butane Swap-Mont Belvieu Financial-OPIS NLDH Mont Belvieu, TX
Y2 Iso Butane Swap-Mont Belvieu Financial-OPIS NLDH Mont Belvieu, TX
W3 Natural Gasoline Swap-Mont Belvieu Financial-OPIS NLDH Mont Belvieu, TX
PS European Propane CIF ARA (Argus) Swap Financial-Argus CIF ARA
9N Argus Propane Saudi Aramco Swap Financial-Argus Argus Saudi Aramco Index
7E Argus Propane Far East Index Swap Financial-Argus Argus Far East Index
P1 Polypropylene Physical Houston
P6 Polyethylene Physical Houston
NP Henry Hub Natural Gas Penultimate Swap Financial-NYMEX Henry Hub
NN Henry Hub Natural Gas Swap Financial-NYMEX Henry Hub

Clearing participants must have an account in good standing with an approved FCM and separately agree to the terms and conditions of HMX

Margin Requirements

NYMEX sets margin requirements for cleared transactions conducted through HMX.

Clearing Firms

If you have a specific clearing firm you would like to use to clear your trades, please contact us.

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