Dutch TTF Natural Gas Daily Options83049138
ICE Endex
Dutch TTF Natural Gas Daily Options
Description
The Dutch TTF Natural Gas Daily Options contract is a daily options contract on the underlying Dutch TTF Natural Gas Futures front month. At expiry, one lot of Dutch TTF Natural Gas Daily Options will exercise into one lot of Dutch TTF Natural Gas Futures front month.
Market Specifications
- Trading Screen Product Name
- Dutch TTF Natural Gas Daily Options
- Trading Screen Hub Name
- TTF
- Contract Symbol
- TFZ
- Contract Series
- Daily Contract listed for 1 day.
- Contract Size
- 1 MW per day in contract period 23, 24 or 25 hours (summer or wintertime).
- Unit of Trading
- 1 MWh/day
- Minimum Trading Size
- Futures: 5 lots = 5 MWh per day
Exchange for Physical (EFP): 1 lot = 1MWh per day
Exchange for Swap (EFS): 1 lot = 1MWh per day
Block Order: 1 lot = 1MWh per day - Quotation
- The contract prices 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
- Strike Price Increments
- A minimum of 5 strike prices in increments of €0.10 above and below the at-the-money Strike Price. Strike Price boundaries are adjusted according to futures price movements. ICE Endex may add one or more strike prices nearest to the last price listed as necessary.
- Expiration Date
- Trading will cease at the end of the designated settlement period of the underlying futures contract on the business day that it was listed on.
- Option Style
- European Style
- Option Premium / Daily Margin
- Futures Style
- Exercise Procedure
- The Option expires daily based on the front month ICE Endex Dutch TTF Natural Gas Futures contract and follows European-style exercise. The reference price is the end-of-day Settlement price of the front month’s future contract. Options that are one or more ticks In–The Money at expiry will be automatic exercised At-The-Money and Out-of-The-Money options will expire worthless. It is not possible to manually abandon or exercise an option.
- MIC Code
- NDEX
- Clearing Venues
- ICEU
Trading Hours
| City | Trading | Pre-Open |
|---|---|---|
| NEW YORK | 2:00 AM - 11:15 AM 02:00 - 11:15 | 1:45 AM 01:45 |
| LONDON | 7:00 AM - 4:15 PM 07:00 - 16:15 | 6:45 AM 06:45 |
| SINGAPORE | 2:00 PM - 11:15 PM 14:00 - 23:15 | 1:45 PM 13:45 |
Codes
- Clearing Admin Name
- O-Dutch TTF BL
- Physical
- TFZ
- Logical
- TFZ
- GMI (FC)
- ION A.C.N.
- Symbol Code
- TFZ