Calendar

Change View:
DAY MONTH

November 2020

KEY
FILTERS

CATEGORY:

PRODUCT TYPE:

EXCHANGE:

Nov
26

Thanksgiving Day

USA | US | Holiday

Trading hours may vary depending on markets traded... more >>

Nov
26

Dutch TTF Gas

TTFX0 | ICE | Energy

November 2020 Dutch TTF Gas Base Load Futures

Nov
26

UK Natural Gas

MX0 | ICE | Energy

November 2020 UK Natural Gas Futures

Trading Period
- 78-83 consecutive month contracts. 11-13 consecutive quarters. Quarters are strips of three individual and consecutive contract months. Quarters always comprise a strip of Jan-Mar, Apr-Jun, Jul- Sep or Oct-Dec. 13-14 consecutive seasons. Seasons are strips of six individual and consecutive contract months. Seasons always comprise a strip of Apr-Sep or Oct-Mar. 6 consecutive years. Years are strips of twelve individual and consecutive contract months comprising Jan - Dec. Months, quarters, seasons and years are listed in parallel.
Expiration Date
- Trading will cease at the close of business two Business Days prior to the first calendar day of the delivery month, quarter, season, or calendar.
Contract Security
- ICE Clear Europe acts as central counterparty to all trades thereby guaranteeing the financial performance of ICE Futures Europe contracts registered in the name of its Members up to and including delivery, exercise and/or settlement.
Trading Model
- Continuous trading throughout trading hours
Trading Methods
- Electronic futures, Exchange for Physical (EFP), Exchange for Swap (EFS) and Block Trades are available for this contract.
Unit of Trading
- 1,000 therms of natural gas per day (1 therm = 29.3071 kilowatt hours)
Contract Size
- 1,000 therms per day per delivery period (ie month, quarter, season or year.)
  
  Delivery Period Therms
  
  Feb (non leap year): 28,000 therms
  
  Feb (leap year): 29,000 therms
  
  Jan, Mar, May, Jul, Aug, Oct, Dec: 31,000 therms
  
  Apr, Jun, Sep, Nov: 30,000 therms
Minimum Trading Size
- 5 lots = 5,000 therms per day
Minimum Block Order
- 50 lots = 50,000 therms per day
Quotation
- The contract price is in Sterling and pence per therm
Minimum Price Fluctuation
- Futures/Blocks - 0.01 pence/therm EFPs/EFSs - 0.005 pence/therm
Maximum Price Fluctuation
- There are no limits
Tick Size
- Contract Size x Minimum Trade Size x Minimum Price Flux
Settlement Price
- The weighted average price of trades during a fifteen-minute settlement period from 16:00:00 to 16:15:00, London Local Time. If there is low liquidity during this time, Quoted Settlement Prices (QSPs) will be used to establish the settlement price
Position Limit
- Positions are reported to the Exchange on a daily basis. The Exchange has powers to prevent the development of excessive positions or unwarranted speculation or any other undesirable situation and may take steps to resolve such situations including the ability to mandate Members to limit the size of such positions or to reduce positions where appropriate.
Initial Margin
- Calculated on all open contracts, Initial Margin, as defined in the ICE Clear Europe Clearing Rules, is a deposit held by ICE Clear Europe in order to cover the costs that may be incurred in closing out a position in default. It is returned upon the closing of the position, or at expiry, with interest.
Daily Margin
- All open contracts are 'marked-to-market' daily, with Variation Margin, as defined in the ICE Clear Europe Clearing Rules, being called for as appropriate.
Delivery/Settlement Basis
- Matching Acquiring and Disposing Trade Nominations (buyer from ICEU, seller to ICEU) are input by buyer and seller to National Grid via Gemini before 18:30 on the business day prior to the commencement of the delivery period. Delivery takes place in kilowatt-hours (29.3071 kilowatt hours per therm). The EDSP will be the Settlement Price on the day the contract expires.

Delivery Period	Therms
Feb (non leap year):	28,000 therms
Feb (leap year):	29,000 therms
Jan, Mar, May, Jul, Aug, Oct, Dec:	31,000 therms
Apr, Jun, Sep, Nov:	30,000 therms