NGL Markets

NGL Markets

HMX is a primary execution platform for natural gas liquids trading. Producers, consumers, traders and financial institutions use the HMX Platform to buy or sell physical ethane, propane, butane and natural gasoline at the key industry trading hubs of Mont Belvieu, Texas and Conway, Kansas. The HMX platform has price discovery, transparency and execution all in an equal access market.

Transaction Types

Transactions can be executed on HMX in:

    Bilateral physical. Participants manage counterparties through a built in credit management matrix individually and securely managed by each participant company. Bilateral transactions settle through physical delivery at the appropriate agreed delivery location. The contracts between counterparties to bilateral transactions are typically those contract arrangements already existing between such counterparties.


  • E/P Mix
  • Ethane
  • Propane
  • Normal Butane
  • Iso Butane
  • Natural Gasoline

Locations include:

Mont Belvieu, TX

  • LST
  • EPC
  • Targa
Conway, KS
Bushton, KS
Hattiesburg, MS