- Trading Screen Product Name
- IFEU Dutch TTF Natural Gas Futures
- Trading Screen Hub Name
- TTF
- Contract Symbol
TFN
- 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
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
- Price Quotation
The contract price is in Euros and Euro cents per MWh
- Minimum Trading Size
Options: 5 lots = 5 MW
Block Order: 1 lot = 1 MW
- Minimum Price Fluctuation
0.5 Euro Cents Per MWh (€0.005/MWh)
- Tick Value
Contract Size x Minimum Trade Size x Minimum Price Flux
- Last Trading Day
Trading will cease when the intraday reference price of the
underlying futures contract is set, five calendar days before the
start of the contract month. If that day is a non-business day or
non-UK business day, expiry will occur on the nearest prior
business day, except where that day is also the expiry date of the
underlying futures contract, in which case expiry will occur on the
preceding business day.
- Option Style
European Style
- Option Premium
Futures Style
- Delivery Terms
Expires into a corresponding ICE Futures Europe Dutch TTF Natural
Gas Futures contract with European-style exercise. If the option is
not abandoned, automatic exercise will occur for options which are
one or more ticks in the money.
At-The-Money and Out-of-The-Money options will expire worthless.
Members will have up to one hour after cessation of trading on the
option expiry day to manually abandon or exercise an option.
- Exchange Rulebook
- MIC Code
- IFEU
- Clearing Venues
- ICEU