ICE Europe: TFU Dutch TTF Gas 1st Line Financial Futures (USD/MMBtu) prices chart
Dutch TTF Gas 1st Line Financial Futures (USD/MMBtu) (ICE Futures Europe: TFU) Contract Specifications
ICE = Intercontinental Exchange, Inc.
A financially settled futures contract based upon the average of the daily settlement prices as published by ICE Endex for Dutch TTF Gas Base Load Futures (TFM) during the period that the expiring month is the front month converted to USD using the WM/Reuters Closing EURUSD Spot Rates as published by Refinitiv at 16:00 GMT.
Trading Screen Product Name: Dutch TTF Gas 1st Line Financial Futures (USD/MMBtu)
Trading Screen Hub Name: TTF
Product Code:
(1) Contract Symbol: TFU, MIC Code: IFEU, Clearing Venues: ICEU
(2) Clearing Admin Name: STIR Euribor, Physical: I, Logical: I, Symbol Code: I
Currency : United States dollars (USD)
Unit of Trading: Any multiple of 10,000 MMBTUs
Contract Size: 10,000 MMBtu
Minimum Trading Size: 1 lot = 10,000 MMBTU
Minimum Block Order: 5 lots = 50,000 MMBTU
Quotation: The contract price is in United States dollar and cent per MMBTU
Minimum Price Fluctuation: One tenth of one cent ($0.001) per MMBtu
Maximum Price Fluctuation: There are no limits
Tick Value: 10 United States dollar
Settlement Method: Cash settlement
Settlement Price: The Daily Settlement Price of the Dutch TTF Gas Base Load Futures Contract (Euro/MWh) converted to USD using the WM/Reuters Closing EURUSD Spot Rates as published by Refinitiv at 16:00 GMT.
Final Settlement: The cash settlement price for a Dutch TTF Gas 1st Line Financial Futures (USD/MMBTU) contract is calculated as the arithmetic mean of the settlement prices as published by ICE Endex for the Dutch TTF Gas Base Load Futures (TFM) on each Trading Day during the period that the expiring month is the front month. Every settlement price is converted from EURO to United State dollar (USD) using the WM/Reuters Closing EURUSD Spot Rates as published by Refinitiv at 16:00 GMT on the day the settlement price was published by the ICE Endex. When there is no WM/Reuters Closing EURUSD Spot Rate published, the next previous WM/Reuters Closing EURUSD Spot Rate as published by Refinitiv will be used for settlement purposes.
Final Payment Date: Two Clearing House Business Days following the Last Trading Day
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.
Trading Period: Up to 156 consecutive monthly Contract Periods, or as otherwise determined by the Exchange. Quarterly, seasonal, calendar, and any period of consecutive monthly contracts can be registered as a strip
Expiration Date: Trading will cease at the end of the designated settlement period 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.
Trading Hours:
New York 19:50 - 18:00 (Pre open: 19:40)
London 23:50 - 22:00 (Pre open: 23:40)
Singapore 07:50 - 06:00 (Pre open: 07:40)