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Nasdaq Commodities

Natural Gas

The Nasdaq suite of Natural Gas derivatives includes Monthly DS Futures contracts settled gainst ICIS Heren NBP, ZEE, TTF, GPO, NCG, PNO and TRS

Natural Gas Derivatives

Nasdaq Commodities provides trading and clearing of pan-European Natural Gas derivatives. The offfering includes EUR settled German, French and Dutch Monthly DS Futures contracts and GBP settled UK and Belgian Monthly DS Futures contracts. 


Why trade Natural Gas with us?

  • Europe’s largest clearing house for power derivatives 
  • One of the fastest and most functionally complete multi-asset trading systems in the world
  • Cost efficiency and low latency 
  • Easy access through wide range of membership models 
  • Flexible membership structure Integrated platform for all products 
  • Regulated exchange and clearinghouse 
  • Transparency 
  • Seamless operations 
  • Effective risk management 
  • Nasdaq Clearing removes counterparty credit risk 
  • Netting and margin offsets between all markets

Gas Markets

Market Product code Contract base
UK NBP ICIS Heren NBP daily price assessment Day-ahead and Weekend Midpoint, i.e. the price of 1 therm of natural gas in GBpence.
Belgian ZEE ICIS Heren Zeebrugge daily price assessment Day-ahead and Weekend Midpoint, i.e. the price of 1 therm of natural gas in GBpence.
Dutch TTF ICIS Heren TTF daily price assessment Day-ahead and Weekend Midpoint, i.e. the price of 1 MWh of natural gas in Euro.
German GPO ICIS Heren Gaspool daily price assessment Day-ahead and Weekend Midpoint, i.e. the price of 1 MWh of natural gas in Euro.
German NCG ICIS Heren NCG daily price assessment Day-ahead and Weekend Midpoint, i.e. the price of 1 MWh of natural gas in Euro.
French PNO ICIS Heren Peg Nord daily price assessment Day-ahead and Weekend Midpoint, i.e. the price of 1 MWh of natural gas in Euro.
French TRS ICIS Heren TRS daily price assessment Day-ahead and Weekend Midpoint, i.e. the price of 1 MWh of natural gas in Euro.

European 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
Natural Gas Monthly DS Futures Currency Settlement date
Dutch TTF EUR The 20th calendar day of following month or next business day
German Gaspool and NCG EUR The 20th calendar day of following month or next business day
French Peg Nord and TRS EUR The 20th calendar day of following month or next business day

Quotation List - Monthly DS Futures - European Gas

Quotation List European Gas

GPO, NCG, Peg Nord, TRS, TTF

Base Load

  • No of Days: 9
  • No of Working Day Weeks: 5
  • No of Weekends: 5
  • No of Months: 6
  • No of Quarters: 4
  • No of Seasons: 4
  • No of Years: 3
Contract Size 1 MWh
Trade Lot 1 MW
Tick Size EUR 0,01
Contract base 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

UK Gas

Nasdaq offer trading and clearing of a pan European suite of financial natural gas derivatives, including Monthly DS Futures GBP contracts, settled against ICIS Heren. 

  • 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 07:00 until 19.00 CET (06:00-18:00 UKLT) European Trading Calendar

Natural Gas Monthly DS Futures Currency Settlement date
UK NBP GBP The 20th calendar day of following month or next business day
Belgian Zeebrugge GBP The 20th calendar day of following month or next business day

Quotation List - Monthly DS Futures - UK Gas

Quotation List UK Gas
NBP, ZEE

Base Load

  • No of Days: 9
  • No of Working Day Weeks: 5
  • No of Weekends: 5
  • No of Months: 6
  • No of Quarters: 4
  • No of Seasons: 4
  • No of Years: 3
Contract Size 1 Therm
Trade Lot 1000 Therms
Tick Size GBP 0,0001 (GBpence 0,01)
Contract base UK: ICIS Heren NBP daily price assessment Day-ahead and Weekend Midpoint
Belgium: ICIS Heren Zeebrugge daily price assessment Day-ahead and Weekend Midpoint

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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