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 information, see the contract specifications below in Resource Center.
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.
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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).
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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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All Nasdaq Natural Gas MSD Futures use Nasdaq Clearing for clearing, which removes any counterparty credit risk.
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.
Learn more about Natural Gas Futures
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Membership
Commodities Membership
How to become a member: Our step by step membership application process and list of required documentation.
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How to become a member: Our step by step membership application process and list of required documentation.