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ICE Futures Europe

ICE Futures Europe Dutch TTF Natural Gas 1st Line Financial Balmo Futures (USD/MMBTU)

Description

Contract is a balance of month financially settled based upon 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 Balmo Futures (USD/MMBTU)
Trading Screen Hub Name
TTF
Contract Symbol
TFB
Contract Series
1 Balance of Month contract.
Contract Size
10,000 MMBtu
Unit of Trading
Any multiple of 10,000 MMBtu
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 lot = 50,000 MMBtu
Price 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 Flux
Last Trading Day
Trading will cease at the end of the designated settlement period three UK 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 Balmo Futures (USD/MMBTU) contract is calculated as the arithmetic mean of the settlement prices as published by ICE Endex for the Dutch TTF Gas Futures (TFM) for each publication day starting from the next publication day after the Transaction was concluded until the end of the determination period.

The determination period ends two UK Business Days prior to the first calendar day of the delivery period. If that day is not a business day, the determination period ends on the next preceding business day.

Every settlement price is converted from Euro to United States 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
Exchange Rulebook
MIC Code
IFEU
Clearing Venues
ICEU

Trading Hours

CityTradingPre-Open
New York7:50 PM - 6:00 PM*
19:50 - 18:00
7:40 PM
19:40
London12:50 AM - 11:00 PM*
00:50 - 23:00
12:40 AM
00:40
Singapore7:50 AM - 6:00 AM*
07:50 - 06:00
7:40 AM
07:40

*Next Day

Sunday Pre-Open 5:40 PM ET; Sunday Open 5:50 PM ET; Closed on Saturday

Codes

Clearing Admin Name
Dutch TTF USD
Physical
TFB
Logical
TFB
GMI (FC)
ION A.C.N.
Symbol Code
TFB