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European Gas

European GasUK 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

Why Monthly DS Futures

Today, the majority of European Power and Gas contracts are traded bilaterally as physical contracts with monthly cash flows during the delivery period. Nasdaq Commodities’ Monthly DS Futures are tailor made derivatives matching the exact same cash flow as the physical contracts, hence offering a great tool for mitigating risk of energy purchases and sales in the physical market. 

Product Lifecycle

Natural Gas Monthly DS Futures   

Currency

Settlement date

  • Dutch TTF
     
  • German Gaspool and NCG
     
  • French Peg Nord and TRS                               
  • EUR
     
  • EUR
     
  • EUR
  • The 20th calendar day of following month or next business day
  • The 20th calendar day of following month or next business day
  • The 20th calendar day of following month or next business day

Quotation List

Monthly

DS Futures

No of

Days

 No of

WDW

No of

WE

No of

Months

No of

Quarters

No of

Seasons

No of

Years

 

BL

BL

BL

BL

BL

BL

BL

  • GPO

9

5

6

4

4

3

  • NCG

9

5

5

6

4

4

3

  • Peg Nord

9

5

5

6

4

4

3

  • TRS

9           

5                

5

6

4

4

3

  • TTF

9

5

5

6

4

4

3

Contract Size

1 MWh

Trade Lot 

1 MW

Tick Size

EUR 0,01

Contract Base

 







WE= Weekends
WDW= Working Day Week

  • 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

Clearing

Nasdaq offers clearing of financially settled Monthly DS Futures through Nasdaq Clearing.

Nasdaq Clearing is the contractual counterparty in all contracts traded at Nasdaq Commodites' financial market. Clearing guarantees the financial settlement. The daily settlement is automatic, and members are connected to the settlement system through a variety of multinational settlement banks. Read more >>

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