Intercontinental Exchange sets Dutch gas trading record and aims for longer trading hours
Intercontinental Exchange announced on Monday that it would be extending trading hours and achieving a record trading volume for benchmark European Gas Contracts in 2025.
ICE said that it traded a record 103 million contracts in futures and option products for the Dutch Title Transfer Facility in 2025. This was the first time the company had exceeded 100 million contracts.
The company also set a record in the TTF 1st Line Financial Futures and JKM LNG futures (Platts), which each surpassed one million traded contracts.
The first are cash-settled TTF contracts, priced in U.S. Dollars per?million British Thermal Units (MMBtu). They complement trading and hedging of physically delivered benchmark TTF contract traded in?euros for megawatt-hour.
They offer hedging options and pricing across all geographies similar to Brent oil, ICE stated.
On December 8, ICE launched TTF Daily options to help manage short term natural gas?market fluctuations.
The exchange announced that it would be extending trading hours for European gas and electricity?futures, options and contracts? to better align with the 22-hour trading cycles?of Henry Hub and JKM.
The current trading hours of its TTF contracts, British National Balancing Points (NBPs) and German Power contracts is ten hours from 0700 to 1700 GMT.
The exchange stated that it would be working closely with customers to plan the transition. It will provide updates as soon as possible.
Europe increasingly relies on liquefied gas traded globally to meet its demand. The U.S. is emerging as the key supplier. Nora Buli is the reporter. Mark Potter (Editing)
(source: Reuters)
