Natural Gas Futures

- manage gas price risk with MSD futures matching your physical contracts

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Natural gas futures for Belgium, the Netherlands, France, Germany and the UK.

Today's trading and market prices >

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. 

Natural Gas Futures for the European markets 

Nasdaq Commodities offers Natural Gas Futures with deferred monthly settlement, exactly matching the cash flow of physical gas contracts in Belgium, the Netherlands, France, Germany and the UK.

Natural Gas Futures are excellent tools for mitigating the price risk when buying or selling natural gas on the European markets. 

For more product information

Please see our Contract specifications > 

Belgian ZEE Natural Gas Futures

Belgian Natural Gas Futures are traded in GBP with ICIS Heren Zeebrugge daily price assessment Day ahead and Weekend midpoint as the contract base, i.e. the price of 1 therm of natural gas in GB pence.

Product code: ZEE

Contract base size: 1 therm.

Trade lot: 1000 therms.

Tick size: GBP 0.0001 (GB pence 0.01).

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

Trading and clearing hours for block traders: From 07:45 until 18:15 CET (06:45-17:15 UKLT).

Settlement date: 20th day of the immediately following calendar month, subject to adjustment in accordance with the Following Business Day Convention.

For more details, see the Product Specification and Market Model in the resource center below.
 

Dutch TTF Natural Gas Futures

Dutch Natural Gas Futures are traded in EUR with ICIS Heren TTF daily price assessment Day ahead and Weekend midpoint as the contract base, i.e. the price of 1 MWh of natural gas in EUR.

Product code: TTF

Contract base size: 1 MWh.

Trade lot: 1 MW

Tick size: EUR 0.0001

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

Trading and clearing hours for block trades: From 07:45 until 18:15 CET (06:45-17:15 UKLT).

Settlement date: 20th day of the immediately following calendar month, subject to adjustment in accordance with the Following Business Day Convention.

For more information, see the Product Specification and Market Model in the resource center below.

French PEG Natural Gas Futures

French Natural Gas Futures are traded in EUR with ICIS Heren Point D’Echange Gaz (PEG) daily price assessment Day ahead and Weekend midpoint as the contract base, i.e. the price of 1 MWh of natural gas in EUR.

Product code: PEG

Contract base size: 1 MWh.

Trade lot: 1 MW

Tick size: EUR 0.0001

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

Trading and clearing hours for block trades: From 07:45 until 18:15 CET (06:45-17:15 UKLT).

Settlement date: 20th day of the immediately following calendar month, subject to adjustment in accordance with the Following Business Day Convention.

For more information, see the Product Specification and Market Model in the resource center below.
 

German GPO Natural Gas Futures

German GPO Natural Gas Futures are traded in EUR with ICIS Heren Gaspool daily price assessment Day ahead and Weekend midpoint as the contract base, i.e. the price of 1 MWh of natural gas in EUR.

Product code: GPO

Contract base size: 1 MWh.

Trade lot: 1 MW

Tick size: EUR 0.0001

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

Trading and clearing hours for block trades: From 07:45 until 18:15 CET (06:45-17:15 UKLT).

Settlement date: 20th day of the immediately following calendar month, subject to adjustment in accordance with the Following Business Day Convention.

For more information, see the Product Specification and Market Model in the resource center below.
 

German NCG Natural Gas Futures

German NCG Natural Gas Futures are traded in EUR with ICIS Heren NCG daily price assessment Day ahead and Weekend midpoint as the contract base, i.e. the price of 1 MWh of natural gas in EUR.

Product code: NCG

Contract base size: 1 MWh.

Trade lot: 1 MW

Tick size: EUR 0.0001

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

Trading and clearing hours for block trades: From 07:45 until 18:15 CET (06:45-17:15 UKLT).

Settlement date: 20th day of the immediately following calendar month, subject to adjustment in accordance with the Following Business Day Convention.

For more information, see the Product Specification and Market Model in the resource center below.
 

UK NBP Natural Gas Futures

UK Natural Gas Futures are traded in GBP with ICIS Heren NBP daily price assessment Day ahead and Weekend midpoint as the contract base, i.e. the price of 1 therm of natural gas in GB pence.

Product code: NBP

Contract base size: 1 therm.

Trade lot: 1000 therms.

Tick size: GBP 0.0001 (GB pence 0.01).

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

Trading and clearing hours for block trades: From 07:00 until 18:15 CET (06:00-17:15 UKLT).

Settlement date: 20th day of the immediately following calendar month, subject to adjustment in accordance with the Following Business Day Convention.

For more information, see the Product Specification and Market Model in the resource center below.
 

Benefits with Natural Gas Futures

Tailored to match physical gas contracts

Natural Gas MSD Futures have the exact same cash flow as physical gas contracts in Belgium, the Netherlands, France, Germany and the UK. They are useful to both buyers and sellers of natural gas, to mitigate the price risks of physical contracts.

Easy access through existing connectivity

Natural Gas MSD Futures are available to Nasdaq Commodities members via Trading Workstation and Nasdaq approved independent software vendors (ISVs).

CCP clearing removes counterparty credit risk

All Nasdaq Natural Gas MSD Futures use Nasdaq Clearing for clearing, which removes any counterparty credit risk.

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