TT CME Gateway System Administration Manual - Trading ...

4 Configuring Market Data
Support For NYMEX Variable Quantity Energy Products
Overview TT CME Gateway versions 7.5.11 and higher support trading of New York Metals
Exchange (NYMEX) Variable Quantity Energy products.
Available Products The TT CME Gateway supports trading of futures, calendar spreads, and futures
strips for the following NYMEX Variable Quantity Energy products:
• Henry Hub Swap (NN)
• PJM Western Hub Peak Calendar-Month Real-Time LMP (L1)
• PJM Western Hub Peak Calendar-Month Real-Time LMP 50Mwh (4SN)
• Houston Ship Channel Basis Swap (NHN)
• Northwest Pipeline, Rockies Basis Swap (NR)
• Waha, Texas Basis Swap (NW)
• Texas Eastern Zone M-3 Basis Swap (NX)
• Natural Gas Pipeline TexOK Basis Swap (PD)
• Panhandle Basis Swap (PH)
• TCO Basis Swap (TC)
• Columbia Gulf Onshore Basis Swap (GL)
• NGPL Midcontinent Basis Swap (NL)
• Northern Natural Gas Demarcation Basis Swap (PE)
• Ventura Basis Swap (PF)
Client Application Impact X_TRADER® 7.5.2 or higher is required for trading NYMEX Variable Quantity
products. X_TRADER® displays quantities for fills as the individual tradeable
contract regardless of whether the Show quantity as option equals contracts or
flow. This option is set using the Trading tab in the Properties menu.
TT CME Gateway System Administration Manual 83
Trading Technologies International, Inc.
Note: In the Market Explorer window, the outright contracts for NYMEX Variable Quantity
products list under Energy while the corresponding spreads list under Spread.
The Price Server stores Lots and Delivery Unit values parsed from the security
definitions for NYMEX futures downloaded from the exchange. These values, along
with the calculated Blocks value, aid the TT CME Gateway in determining the
contract size for each NYMEX energy product.
Using the product definitions from the price feed, the TT CME Gateway calculates
Blocks as the number of delivery periods for a product. The Lots value is
essentially the number of delivery days in a contract, and the Delivery Unit value
is what is displayed in X_TRADER® when trading futures contracts in flow.
Position Limits for all energy contracts should be entered in Lots instead of
Contracts. Risk administrators should enter both the Maximum Order Quantity
and Maximum Position limits in Lots. For more information about risk checking of
Energy Products, please refer to the TT User Login and Risk Administration
Reference Guide.