Natural Gas Derivatives

The Nasdaq suite of Natural Gas derivatives includes Monthly DS Futures contracts settled gainst ICIS Heren NBP, ZEE, TTF, GPO, NCG and PEG

explore

Nasdaq Commodities provides trading and clearing of pan-European Natural Gas derivatives. The offering includes EUR settled German, French and Dutch Monthly DS Futures contracts and GBP settled UK and Belgian Monthly DS Futures contracts. 

Why Trade Natural Gas With Us? 

  • Europe’s largest clearing house for power derivatives 
  • One of the fastest and most functionally complete multi-asset trading systems in the world
  • Cost efficiency and low latency 
  • Easy access through wide range of membership models 
  • Flexible membership structure Integrated platform for all products 
  • Regulated exchange and clearinghouse 
  • Transparency 
  • Seamless operations 
  • Effective risk management 
  • Nasdaq Clearing removes counterparty credit risk 
  • Netting and margin offsets between all markets

Gas Markets

Market Product Code Contract Base
UK NBP ICIS Heren NBP daily price assessment Day-ahead and Weekend Midpoint, i.e. the price of 1 therm of natural gas in GBpence.
Belgian ZEE ICIS Heren Zeebrugge daily price assessment Day-ahead and Weekend Midpoint, i.e. the price of 1 therm of natural gas in GBpence.
Dutch TTF ICIS Heren TTF daily price assessment Day-ahead and Weekend Midpoint, i.e. the price of 1 MWh of natural gas in Euro.
German GPO ICIS Heren Gaspool daily price assessment Day-ahead and Weekend Midpoint, i.e. the price of 1 MWh of natural gas in Euro.
NCG ICIS Heren NCG daily price assessment Day-ahead and Weekend Midpoint, i.e. the price of 1 MWh of natural gas in Euro.
French PEG ICIS Heren Peg daily price assessment Day-ahead and Weekend Midpoint, i.e. the price of 1 MWh of natural gas in Euro.

 

European Gas

Nasdaq offer trading and clearing of a pan European suite of financial natural gas derivatives, comprising of German, Dutch French, Italian and Spanish Monthly DS Futures EUR contracts. 

- Continuous trading in the electronic trading system from 08.00 to 18.00 CET (07:00-17:00 UKLT) 

- Trading and clearing of block trades from 07:45 until 19.00 CET (06:00-18:00 UKLT) European Trading Calendar

Markets, Currencies and Settlement Dates

Dutch TTF: EUR, The 20th calendar day of following month or next business day

German Gaspool and NCGEUR:  The 20th calendar day of following month or next business day

French Peg Nord and TRSEUR:  The 20th calendar day of following month or next business day

 

Quotation List - Monthly DS Futures - European Gas

No of Days: 9

No of Working Day Weeks: 5

No of Weekends: 5

No of Months: 6

No of Quarters: 4

No of Seasons: 4

No of Years: 3

Contract Size: 1 MWh

Trade Lot: 1 MW

Tick Size: EUR 0,01

Contract base

Germany: ICIS Heren Gaspool daily price assessment Day-ahead and Weekend Midpoint

Germany: ICIS Heren NCG daily price assessment Day-ahead and Weekend Midpoint

France: ICIS Heren Peg Nord daily price assessment Day-ahead and Weekend Midpoint

France: ICIS Heren TRS daily price assessment Day-ahead and Weekend Midpoint

Netherlands: ICIS Heren TTF daily price assessment Day-ahead and Weekend Midpoint

UK Gas

Nasdaq offer trading and clearing of a pan European suite of financial natural gas derivatives, including Monthly DS Futures GBP contracts, settled against ICIS Heren.

- Continuous trading in the electronic trading system from 08.00 to 18.00 CET (07:00-17:00 UKLT)

- Trading and clearing of block trades from 07:00 until 19.00 CET (06:00-18:00 UKLT) European Trading Calendar

Markets, Currencies and Settlement Dates

UK NBP: GBP, The 20th calendar day of following month or next business day

Belgian Zeebrugge: GBP, The 20th calendar day of following month or next business day

UK NBP: GBP, The 20th calendar day of following month or next business day

Belgian Zeebrugge: GBP, The 20th calendar day of following month or next business day

 

Quotation List - Monthly DS Futures - UK Gas

No of Days: 9

No of Working Day Weeks: 5

No of Weekends: 5

No of Months: 6

No of Quarters: 4

No of Seasons: 4

No of Years: 3

Contract Size: 1 Therm

Trade Lot: 1000 Therms

Tick Size: GBP 0,0001 (GBpence 0,01)

Contract base

UK: ICIS Heren NBP daily price assessment Day-ahead and Weekend Midpoint 

Belgium: ICIS Heren Zeebrugge daily price assessment Day-ahead and Weekend Midpoint

Market Activity and News

See Today's trading data and history, and find news and messages by European Commodities.

Resource Center

Related Products

Related content

Contact Us

Envision a Future – Fueled by Innovation, Technology and Expertise.
Now, let’s get there. Select below.