Your browser is unsupported

Please visit this URL to review a list of supported browsers.

ICE Futures Europe

Dutch TTF Natural Gas 1st Line (USD/MMBTU) Average Price Options

Download

Description

The Dutch TTF Natural Gas 1st Line (USD/MMBtu) Average Price Options contract is an option on the Dutch TTF Natural Gas 1st Line Financial Futures (USD/MMBtu) contract. At expiry, one lot of Dutch TTF Natural Gas Options will exercise into one lot of Dutch TTF Natural Gas Futures.

Market Specifications

Trading Screen Product Name
Dutch TTF Natural Gas 1st Line Financial Futures (USD/MMBtu)
Trading Screen Hub Name
TTF
Contract Symbol
TFU
Contract Series
Up to 156 consecutive month contracts, 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
10,000 MMBtu
Unit of Trading
1 lot = 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 lots = 50,000 MMBtu
Quotation
The contract price is in United States dollar and cent per MMBTU
Minimum Price Fluctuation
One tenth of one cent ($0.001) per MMBtu
Tick Value
Contract Size x Minimum Trade Size x Minimum Price Fluctuation
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 Futures Europe may add one or more strike prices nearest to the last price listed as necessary.
Last Trading Day
Trading will cease at the end of the designated settlement period two Business Days prior to the first calendar day of the delivery month, quarter, season, or calendar
Option Style
European Style
Option Premium / Daily Margin
All open contracts are marked-to-market daily. Futures style margining (not premium paid up-front)
Exercise Method
Expires into a corresponding Dutch TTF Natural Gas 1st Line Financial Futures (USD/MMBtu) 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.

The Futures resulting from exercise immediately goes to cash settlement.
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
London11:50 PM - 10:00 PM*
23:50 - 22:00
11:40 PM
23:40
Singapore7:50 AM - 6:00 AM*
07:50 - 06:00
7:40 AM
07:40

*Next Day

Codes

Clearing Admin Name
O-Dutch TTF USD
Physical
TFU
Logical
TFU
GMI (FC)
T<
ION A.C.N.
Symbol Code
TFU