- Trading Screen Product Name
- Dutch TTF Natural Gas Daily Financial Futures (ICIS)
- Trading Screen Hub Name
- TTF
- Contract Symbol
TTL
- Contract Series
Up to 92 consecutive daily contracts or as otherwise determined and
announced by ICE Endex from time to time. All Daily Products are
strips of one or more daily contracts and are listed in parallel.
1 Day-Ahead contract (DA)
1 Balance of Week contract (BOW)
1 Weekend contract (W/END)
1 Saturday contract (Saturday)
1 Sunday contract (Sunday)
1 Working Days Next Week contract (WK/DY NW)
1 Balance of Month contract (BOM)
Up to 2 Month contracts
- Contract Size
1 MW per day in the contract period multiplied by 23, 24 or 25
hours (summer or winter time). Daily Products are adjusted for UK
Bank Holidays.
The Day-Ahead contract (DA) is a strip of a single gas day from
06:00 (CET) on the next weekday to 06:00 (CET) on the following
calendar day. In case of (a) UK bank holidays running either before
Saturday or after Sunday, the Day-Ahead contract is for delivery on
the first weekday after the UK bank holiday(s).
The Balance of Week contract (BOW) is a strip that spans four,
three or two individual and consecutive gas days from Tuesday 6:00
(CET) through to Saturday 06:00 (CET), Wednesday 6:00 (CET) through
to Saturday 06:00 (CET) or Thursday 6:00 (CET) through to Saturday
06:00 (CET) respectively. UK Bank Holidays on Tuesday and/or Friday
are not included in the BOW contract.
The Weekend contract (W/END) is a strip that spans two individual
and consecutive gas days from 6:00 (CET) on Saturday through to
06:00 (CET) on Monday. The W/END contract is extended to three or
four consecutive gas days in case UK bank holidays runs on a Friday
and/or on a Monday.
The Saturday contract (Saturday) is a strip of a single gas day
from Saturday 06:00 (CET) through to Sunday 06:00 (CET).
The Sunday contract (Sunday) is a strip of a single gas day from
Sunday 06:00 (CET) through to Monday 06:00 (CET).
The Working Days Next Week contract (WK/DY NW) is a strip that
spans five individual and consecutive gas days from Monday 6:00
(CET) through to Saturday 06:00 (CET). UK Bank Holidays are not
included in the WK/DY NW contracts in case UK bank holidays runs
sequentially either after Sunday or before Saturday.
The Balance of Month contract (BOM) is a strip of two or more gas
days from two business days ahead to the end of the contract month,
where the first day of any period of non-trading days is considered
to be a business day. N.B. On certain days at the end of a contract
month there will not be a BOM listed.
The Month contracts are strips that span 28, 29, 30 or 31
individual and consecutive gas days from 6:00 (CET) on the first
calendar day of a particular month through to 6:00 (CET) on the
first calendar day of the next month.
- Unit of Trading
1 MW
- Minimum Trading Size
Futures: 5 lots = 5 MW
Exchange for Physical (EFP): 1 lot = 1 MW
Exchange for Swap (EFS): 1 lot = 1 MW
Block Order: 1 lot = 1 MW
- Markers
- Price Quotation
The contract price 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
- Last Trading Day
Trading will cease at the close of business on the business day
prior to the start of the delivery period.
- Settlement Method
Financially Settled
- Cash Settlement Price
A price Euros and Euro cents per MWh equal to the midpoint between
the bid and offer quotations for of the TTF Day-ahead and Weekend
price assessments as published by ICIS in the European Spot Gas
Market report.
- Exchange Rulebook
- MIC Code
- NDEX
- Clearing Venues
- ICEU