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ICE Endex

French PEG Natural Gas Futures

Description

Contracts are for physical delivery through the transfer of rights in respect of Natural Gas at the Point d’échange de gaz (PEG) Virtual Trading Point, operated by GRT gaz.
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
French PEG Natural Gas Futures
Trading Screen Hub Name
PEG
Contract Symbol
PEG
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 MWh per day in contract period (i.e. month, quarter, season or year) 
Unit of Trading
1 MWh/day
Minimum Trading Size
Futures: 5 lots = 5 MWh per day
Exchange for Physical (EFP): 1 lot = 1 MWh per day
Exchange for Swap (EFS): 1 lot = 1 MWh per day
Block Order: 1 lot = 1 MWh per day
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 the operator of the virtual trading point GRTgaz 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

Trading Hours

CityTradingPre-Open
New York2:00 AM - 12:00 PM
02:00 - 12:00
1:45 AM
01:45
London7:00 AM - 5:00 PM
07:00 - 17:00
6:45 AM
06:45
Singapore2:00 PM - 12:00 AM
14:00 - 00:00
1:45 PM
13:45

Codes

Clearing Admin Name
French PEG
Physical
PEG
Logical
PEG
GMI (FC)
ION A.C.N.
Symbol Code
PEG