The Trade Period typically begins no later than the 15th of the month and lasts until the close of NYMEX (the close of Henry Hub Gas Future Contracts). Trade Period dates are posted, along with current cashout rates, on Pipe Ranger.

The CPBA Trade Period closes the last business day of the month.

You will receive a faxed imbalance statement, although you can begin trading on the first day of the Trade Period whether or not you have received your Imbalance Statement. You are guaranteed at least five business days for electronic trading.