Dutch TTF Gas Spot31435802
ICE OTC

Dutch TTF Gas Spot

Description

Contracts are for physical delivery through the transfer of rights in respect of Natural Gas at the Title Transfer Facility (TTF) Virtual Trading Point, operated by Gas Transport Services, the transmission system operator in the Netherlands. Delivery is made equally each hour throughout the delivery period.

Market Specifications

Trading Screen Product Name
Dutch TTF Spot
Trading Screen Hub Name
TTF
Gas Quality
Quality determined by Gasunie Transport Services B.V. in its Transmission Service Conditions (TSC) and the Aansluitvoorwaarden Gas - LNB, as amended from time to time.
Hub Rules
Transmission Service Conditions (TSC) determined by Gasunie Transport Services B.V. in its Transmission Service Conditions (TSC), as amended from time to time.
Product
NextHour
WD (Within-day)
Contract Security
ICE Clear Europe acts as central counterparty to all trades thereby guaranteeing the financial performance of ICE Endex gas spot market contracts registered in the name of its Members up to and including delivery and/or settlement.
Trading Hours
Open 05:00, Close 04:40 (CET), Monday – Sunday
Clock Changes
The NextHour and WD Products are available for trading one hour less on the short clock change day and one additional hour on the long clock change day.
Trading Model
Continuous trading throughout trading hours
Unit of Trading
1 MW
Contract Size
For complete Contract Size Matrix click here.
Minimum Trading Size
1 lot = 1 MW
Quotation
The contract price is in Euros and Euro cents per MW
Price Range
Any X, where -3,000 Euro/MW ≤ X ≤ 3,000.00 Euro/MW
Quantity Range
WD (Within-day) any Y where 1 MW ≤ Y ≤ 9,999 MW
NextHour any Z where 1 MW ≤ Z ≤ 49,999 MW
Minimum Price Fluctuation
1 Euro Cent per MW
Maximum Price Fluctuation
There are no limits
Tick Value
Contract Size x Minimum Trade Size x Minimum Price Flux
Delivery/Settlement Terms
Matching Acquiring and Disposing Trade Nominations (buyer from ICEU, seller to ICEU) are input by ICE to GTS via [email protected] prior to the commencement of the delivery period. Delivery takes place in kilowatt-hours per hour.
MIC Code
NDXS
Clearing Venues
ICEU

Codes

Clearing Admin Name
Dutch TTF Spot
Physical
ETT
Symbol Code
ETT