- Trading Screen Product Name
- Dutch TTF Natural Gas Futures
- Trading Screen Hub Name
- TTF
- Contract Symbol
TFM
- 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 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
- Minimum Trading Size
Electronic Futures: 5 lots = 5 MW
Exchange for Physical (EFP): 1 lot = 1 MW
Exchange for Swap (EFS): 1 lot = 1 MW
- Price Quotation
The contract price is in Euros and Euro cents per MWh
- Minimum Price Fluctuation
Futures – 0.5 Euro Cent per MWh (€0.005/MWh)
EFPs/EFSs/Blocks - 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.
TAS trading shall cease at the start of the designated settlement
period two business days prior to the first calendar day of the
delivery month."
- 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 GTS 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.
- MIC Code
- NDEX
- Clearing Venues
- ICEU