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Description

Contracts are financially settled based upon the average of the daily settlement prices as published by ICE Endex for Dutch TTF Natural Gas Futures (TFM) during the period that the expiring month is the front month converted to USD using the WM/Refinitiv Closing EURUSD Spot Rates as published by Refinitiv.

Market Specifications

Trading Screen Product Name

Dutch TTF Natural Gas 1st Line Financial Futures (USD/MMBtu)

Trading Screen Hub Name

TTF

Contract Symbol

TFU

Contract Series

Up to 156 consecutive monthly Contract Periods, or as otherwise determined by the Exchange. Quarterly, seasonal, calendar, and any period of consecutive monthly contracts can be registered as a strip.

Contract Size

10,000 MMBtu

Unit of Trading

Any multiple of 10,000 MMBTUs

Minimum Trading Size

Futures: 1 lot = 10,000 MMBtu
Exchange for Physical (EFP): 1 lot = 10,000 MMBtu
Exchange for Swap (EFS): 1 lot = 10,000 MMBtu
Block Order : 5 lots = 50,000 MMBtu

Quotation

The contract price is in United States dollar and cent per MMBTU

Minimum Price Fluctuation

One tenth of one cent per MMBtu ($0.001/MMBtu)

Tick Value

Contract Size x Minimum Trade Size x Minimum Price Fluctuation

Last Trading Day

Trading will cease at the end of the designated settlement period two Business Days prior to the first calendar day of the delivery period.

Settlement Method

Financially Settled

Cash Settlement Price

The final settlement price for a Dutch TTF Gas 1st Line Financial Futures (USD/MMBTU) contract is calculated as the arithmetic mean of the settlement prices as published by ICE Endex for the Dutch TTF Gas Base Load Futures (TFM) on each Trading Day during the period that the expiring month is the front month.

Every settlement price is converted from Euro to United State dollar (USD) using the WM/Refinitiv Closing EURUSD Spot Rates as published by Refinitiv at 4 pm UK time on the day the settlement price was published by the ICE Endex. When there is no WM/Refinitiv Closing EURUSD Spot Rate published, the next previous WM/Refinitiv Closing EURUSD Spot Rate as published by Refinitiv will be used for settlement purposes.

Final Payment Date

Two Clearing House Business Days following the Last Trading Day

Exchange Rulebook

ICE Futures Europe Contract Rules & Procedures

MIC Code

IFEU

Clearing Venues

ICEU

Trading Hours

Codes