Dutch TTF Natural Gas Futures27996665
ICE Endex
Dutch TTF Natural Gas Futures
Description
Contracts are for physical delivery through the transfer of rights in respect of Natural Gas at the Title Transfer Facility (TTF) Virtual Trading Point, operated by Gasunie Transport Services (GTS). Delivery is made equally each hour throughout the delivery period from 06:00 (CET) on the first day of the month until 06:00 (CET) on the first day of the next month.
Market Specifications
- Trading Screen Product Name
- Dutch TTF Natural Gas Futures
- Trading Screen Hub Name
- TTF
- Contract Symbol
- TFM
- Contract Series
- Up to 156 consecutive month contracts, or as otherwise determined by ICE Endex. Quarterly, seasonal, calendar, and any period of consecutive monthly contracts can be registered as a strip.
- Contract Size
- 1 MW per day in contract period (i.e. month, quarter, season or year) x 23, 24 or 25 hours (summer or winter time).
- Unit of Trading
- 1 MW
- Minimum Trading Size
- Futures: 5 lots = 5 MW
Exchange for Physical (EFP): 1 lot = 1 MW
Exchange for Swap (EFS): 1 lot = 1 MW
Block Order: 1 lot = 1 MW
- Markers
- TAS (Trade at Settlement)
- Price Quotation
- The contract price is in Euros and Euro cents per MWh
- Minimum Price Fluctuation
- 0.5 Euro Cent per MWh (€0.005/MWh)
- Tick Value
- Contract Size x Minimum Trade Size x Minimum Price Flux
- Last Trading Day
- Trading will cease at the close of business two UK Business Days prior to the first calendar day of the delivery month, quarter, season, or calendar.
- Settlement Method
- Physical Delivery
- Exchange Delivery Settlement Price
- Will be the end of day Settlement Price on the Last Trading Day of the contract.
- Delivery Terms
- Matching Acquiring and Disposing Trade Nominations (buyer from ICEU, seller to ICEU) are input by ICE to GTS via Edig@s before 13:00 (CET) on each business day prior to the commencement of the delivery period. Delivery takes place in kilowatt-hours per hour.
- Exchange Rulebook
- MIC Code
- NDEX
- Clearing Venues
- ICEU
Related Products
Trading Hours
| City | Trading | Pre-Open |
|---|---|---|
| NEW YORK | 2:00 AM - 12:00 PM 02:00 - 12:00 | 1:45 AM 01:45 |
| LONDON | 7:00 AM - 5:00 PM 07:00 - 17:00 | 6:45 AM 06:45 |
| SINGAPORE | 3:00 PM - 1:00 AM* 15:00 - 01:00 | 2:45 PM 14:45 |
Codes
- Clearing Admin Name
- Dutch TTF BL
- Physical
- TFM
- Logical
- TFM
- GMI (FC)
- CF
- ION A.C.N.
- Symbol Code
- TFM