ICE Dutch TTF Gas

Contracts are for physical delivery through the transfer of rights in respect of Natural Gas at the Title Transfer Facility (TTF) Virtual Trading Point, operated by Gasunie Transport Services (GTS), the transmission system operator in the Netherlands. Delivery is made equally each hour throughout the delivery period from 06:00 (CET) on the first day of the month until 06:00 (CET) on the first day of the next month.
TTF's virtual market place allows one market party to trade gas that is already on the market to another existing party, National and international clients who want to trade gas in the Netherlands must have a TTF subscription. Trades on TTF are overseen on TTF by exchange operators, which are companies appointed by the the Ministry of Economic Affairs. These exchange operators collect the volumes of gas offered and requested before facilitating the exchange.
Dutch TTF Gas Futures 	Dutch TTF Gas Futures 	Dutch TTF Gas Futures 	Dutch TTF Gas Futures
Trading Screen Product Name	Dutch TTF Gas Base Load Futures 	Dutch TTF Gas Base Load Futures 	Dutch TTF Gas Base Load Futures
Trading Screen Hub Name 	TTF 	TTF 	TTF
Trading Period 	Up to 156 consecutive month contracts, or as otherwise determined by the Exchange. Quarterly, seasonal, calendar, and any period of consecutive monthly contracts can be registered as a strip. 	Up to 156 consecutive month contracts, or as otherwise determined by the Exchange. Quarterly, seasonal, calendar, and any period of consecutive monthly contracts can be registered as a strip. 	Up to 156 consecutive month contracts, 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 close of business two UK Business Days prior to the first calendar day of the delivery month, quarter, season, or calendar.
TAS trading shall cease at the start of the designated settlement period two business days prior to the first calendar day of the delivery month. 	Trading will cease at the close of business two UK Business Days prior to the first calendar day of the delivery month, quarter, season, or calendar.
TAS trading shall cease at the start of the designated settlement period two business days prior to the first calendar day of the delivery month. 	Trading will cease at the close of business two UK Business Days prior to the first calendar day of the delivery month, quarter, season, or calendar.
TAS trading shall cease at the start of the designated settlement period two business days prior to the first calendar day of the delivery month.
Contract Security 	ICE Clear Europe acts as central counterparty to all trades thereby guaranteeing the financial performance of ICE Endex contracts registered in the name of its Members up to and including delivery, exercise and/or settlement. 	ICE Clear Europe acts as central counterparty to all trades thereby guaranteeing the financial performance of ICE Endex contracts registered in the name of its Members up to and including delivery, exercise and/or settlement. 	ICE Clear Europe acts as central counterparty to all trades thereby guaranteeing the financial performance of ICE Endex contracts registered in the name of its Members up to and including delivery, exercise and/or settlement.
Trading Hours 	Open 08:00, Close 18:00 (CET), Monday – Friday 	Open 08:00, Close 18:00 (CET), Monday – Friday 	Open 08:00, Close 18:00 (CET), Monday – Friday
Trading Model 	Continuous trading throughout trading hours 	Continuous trading throughout trading hours 	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. 	Electronic futures, Exchange for Physical (EFP), Exchange for Swap (EFS) and Block Trades are available for this contract. 	Electronic futures, Exchange for Physical (EFP), Exchange for Swap (EFS) and Block Trades are available for this contract.
Unit of Trading 	1 MW 	1 MW 	1 MW
Contract Size 	1 MW per day in contract period (i.e. month, quarter, season or year) x 23, 24 or 25 hours (summer or winter time). 	1 MW per day in contract period (i.e. month, quarter, season or year) x 23, 24 or 25 hours (summer or winter time). 	1 MW per day in contract period (i.e. month, quarter, season or year) x 23, 24 or 25 hours (summer or winter time).
Minimum Trading Size 	Electronic Futures: 5 lots = 5 MW
Exchange for Physical (EFP): 1 lot = 1 MW
Exchange for Swap (EFS): 1 lot = 1 MW 	Electronic Futures: 5 lots = 5 MW
Exchange for Physical (EFP): 1 lot = 1 MW
Exchange for Swap (EFS): 1 lot = 1 MW 	Electronic Futures: 5 lots = 5 MW
Exchange for Physical (EFP): 1 lot = 1 MW
Exchange for Swap (EFS): 1 lot = 1 MW
Minimum Block Order 	1 lot = 1 MW 	1 lot = 1 MW 	1 lot = 1 MW
Quotation 	The contract price is in Euros and Euro cents per MWh 	The contract price is in Euros and Euro cents per MWh 	The contract price is in Euros and Euro cents per MWh
Minimum Price Fluctuation 	Futures – 0.5 Euro Cent per MWh (€0.005/MWh) EFPs/EFSs/Blocks - 0.5 Euro Cent per MWh (€0.005/MWh) 	Futures – 0.5 Euro Cent per MWh (€0.005/MWh) EFPs/EFSs/Blocks - 0.5 Euro Cent per MWh (€0.005/MWh) 	Futures – 0.5 Euro Cent per MWh (€0.005/MWh) EFPs/EFSs/Blocks - 0.5 Euro Cent per MWh (€0.005/MWh)
Maximum Price Fluctuation 	There are no limits. 	There are no limits. 	There are no limits.
Tick Value 	Contract Size x Minimum Trade Size x Minimum Price Flux 	Contract Size x Minimum Trade Size x Minimum Price Flux 	Contract Size x Minimum Trade Size x Minimum Price Flux
Settlement Price 	Fixing each Business Day as set out in the applicable Operating Time Schedule, Appendix B.1, end of day at approximately 17:15 hours. Timings are CET. 	Fixing each Business Day as set out in the applicable Operating Time Schedule, Appendix B.1, end of day at approximately 17:15 hours. Timings are CET. 	Fixing each Business Day as set out in the applicable Operating Time Schedule, Appendix B.1, end of day at approximately 17:15 hours. Timings are CET.
Position Limit 	Positions are reported to ICE Endex on a daily basis. ICE Endex 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.	Positions are reported to ICE Endex on a daily basis. ICE Endex 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.	Positions are reported to ICE Endex on a daily basis. ICE Endex 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. 	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. 	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. 	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. 	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.
Delivery/Settlement Terms 	Matching Acquiring and Disposing Trade Nominations (buyer from ICEU, seller to ICEU) are input by ICE to GTS via Edig@s before 13:00 (CET) on each business day prior to the commencement of the delivery period. Delivery takes place in kilowatt-hours per hour. The EDSP will be the end of day Settlement Price on the day the contract expires. 	Matching Acquiring and Disposing Trade Nominations (buyer from ICEU, seller to ICEU) are input by ICE to GTS via Edig@s before 13:00 (CET) on each business day prior to the commencement of the delivery period. Delivery takes place in kilowatt-hours per hour. The EDSP will be the end of day Settlement Price on the day the contract expires. 	Matching Acquiring and Disposing Trade Nominations (buyer from ICEU, seller to ICEU) are input by ICE to GTS via Edig@s before 13:00 (CET) on each business day prior to the commencement of the delivery period. Delivery takes place in kilowatt-hours per hour. The EDSP will be the end of day Settlement Price on the day the contract expires.
Markers 	TAS (Trade at Settlement) MM (Minute Marker)
Sing MM (Singapore Minute Marker) 	TAS (Trade at Settlement) MM (Minute Marker)
Sing MM (Singapore Minute Marker) 	TAS (Trade at Settlement) MM (Minute Marker)
Sing MM (Singapore Minute Marker)
MIC Code 	NDEX 	NDEX 	NDEX
Clearing Venues 	ICEU 	ICEU 	ICEU
Trading Hours 	CITY 	TRADING 	PRE-OPEN
Trading Hours 	NEW YORK 	2:00 AM - 12:00 PM
02:00 - 12:00 	1:45 AM
01:45
Trading Hours 	LONDON 	7:00 AM - 5:00 PM
07:00 - 17:00 	6:45 AM
06:45
Trading Hours 	SINGAPORE 	3:00 PM - 1:00 AM
15:00 - 01:00 	2:45 PM
14:45
Codes 	Clearing Admin Name 	Dutch TTF BL 	Dutch TTF BL
Codes 	Physical 	TFM 	TFM
Codes 	Logical 	TFM 	TFM
Codes 	GMI (FC) 	CF 	CF
Codes 	ION A.C.N. 	None 	None
Dutch TTF Gas Options 	Dutch TTF Gas Options 	Dutch TTF Gas Options 	Dutch TTF Gas Options
Trading Screen Product Name	Dutch TTF Gas Base Load Futures 	Dutch TTF Gas Base Load Futures 	Dutch TTF Gas Base Load Futures
Trading Screen Hub Name 	TTF 	TTF 	TTF
Trading Period 	Up to 36 consecutive months.
Quarterly, seasonal, calendar, and any period of consecutive monthly contracts can be registered as a strip. For example, a Q1 option is an option on Jan, an option on Feb, and an option on Mar, with each option expiring five calendar days before the start of the relevant contract month. 	Up to 36 consecutive months.
Quarterly, seasonal, calendar, and any period of consecutive monthly contracts can be registered as a strip. For example, a Q1 option is an option on Jan, an option on Feb, and an option on Mar, with each option expiring five calendar days before the start of the relevant contract month. 	Up to 36 consecutive months.
Quarterly, seasonal, calendar, and any period of consecutive monthly contracts can be registered as a strip. For example, a Q1 option is an option on Jan, an option on Feb, and an option on Mar, with each option expiring five calendar days before the start of the relevant contract month.
Expiration Date 	Trading will cease when the intraday reference price is set , approximately 14:00 CET (as specified in the Operating Time Schedule - Appendix B.1), of the underlying futures contract five calendar days before the start of the contract month. If that day is a non-business day, expiry will occur on the nearest prior business day, except where that day is also the expiry date of the underlying futures contract, in which case expiry will occur on the preceding business day.	Trading will cease when the intraday reference price is set , approximately 14:00 CET (as specified in the Operating Time Schedule - Appendix B.1), of the underlying futures contract five calendar days before the start of the contract month. If that day is a non-business day, expiry will occur on the nearest prior business day, except where that day is also the expiry date of the underlying futures contract, in which case expiry will occur on the preceding business day.	Trading will cease when the intraday reference price is set , approximately 14:00 CET (as specified in the Operating Time Schedule - Appendix B.1), of the underlying futures contract five calendar days before the start of the contract month. If that day is a non-business day, expiry will occur on the nearest prior business day, except where that day is also the expiry date of the underlying futures contract, in which case expiry will occur on the preceding business day.
Contract Security 	ICE Clear Europe acts as central counterparty to all trades thereby guaranteeing the financial performance of ICE Endex contracts registered in the name of its Members up to and including delivery, exercise and/or settlement. 	ICE Clear Europe acts as central counterparty to all trades thereby guaranteeing the financial performance of ICE Endex contracts registered in the name of its Members up to and including delivery, exercise and/or settlement. 	ICE Clear Europe acts as central counterparty to all trades thereby guaranteeing the financial performance of ICE Endex contracts registered in the name of its Members up to and including delivery, exercise and/or settlement.
Trading Hours 	Open 08:00, Close 18:00 (CET), Monday - Friday 	Open 08:00, Close 18:00 (CET), Monday - Friday 	Open 08:00, Close 18:00 (CET), Monday - Friday
Trading Model 	Continuous trading throughout trading hours 	Continuous trading throughout trading hours 	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. 	Electronic futures, Exchange for Physical (EFP), Exchange for Swap (EFS) and Block Trades are available for this contract. 	Electronic futures, Exchange for Physical (EFP), Exchange for Swap (EFS) and Block Trades are available for this contract.
Unit of Trading 	1 MW 	1 MW 	1 MW
Contract Size 	1 MW per day in contract period (i.e. month, quarter, season or year) x 23, 24 or 25 hours (summer or winter time). 	1 MW per day in contract period (i.e. month, quarter, season or year) x 23, 24 or 25 hours (summer or winter time). 	1 MW per day in contract period (i.e. month, quarter, season or year) x 23, 24 or 25 hours (summer or winter time).
Minimum Trading Size 	5 lots = 5 MW 	5 lots = 5 MW 	5 lots = 5 MW
Minimum Block Order 	1 lot = 1 MW 	1 lot = 1 MW 	1 lot = 1 MW
Quotation 	The contract price is in Euros and Euro cents per MWh 	The contract price is in Euros and Euro cents per MWh 	The contract price is in Euros and Euro cents per MWh
Strike Price Increments 	Strike Range is 0.10 - 50.00 Euros per MWh
Strike Price Increments are Multiples of 0.01 Euros per MWh 	Strike Range is 0.10 - 50.00 Euros per MWh
Strike Price Increments are Multiples of 0.01 Euros per MWh 	Strike Range is 0.10 - 50.00 Euros per MWh
Strike Price Increments are Multiples of 0.01 Euros per MWh
Minimum Price Fluctuation 	0.5 Euro Cent per MWh 	0.5 Euro Cent per MWh 	0.5 Euro Cent per MWh
Maximum Price Fluctuation 	There are no limits. 	There are no limits. 	There are no limits.
Tick Value 	Contract Size x Minimum Trade Size x Minimum Price Flux 	Contract Size x Minimum Trade Size x Minimum Price Flux 	Contract Size x Minimum Trade Size x Minimum Price Flux
Position Limit 	Positions are reported to the ICE Endex 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.. 	Positions are reported to the ICE Endex 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.. 	Positions are reported to the ICE Endex 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..
Option Premium 	Equity-style such that premiums are paid at the time the transaction is executed. 	Equity-style such that premiums are paid at the time the transaction is executed. 	Equity-style such that premiums are paid at the time the transaction is executed.
Exercise 	Expires into a corresponding ICE Endex Dutch TTF Natural Gas Futures contract with European-style exercise. If the option is not abandoned, automatic exercise will occur for options which are one or more ticks in the money.
At-The-Money and Out-of-The-Money options will expire worthless. Members will have up to one hour after cessation of trading on the option expiry day to manually abandon or exercise an option. 	Expires into a corresponding ICE Endex Dutch TTF Natural Gas Futures contract with European-style exercise. If the option is not abandoned, automatic exercise will occur for options which are one or more ticks in the money.
At-The-Money and Out-of-The-Money options will expire worthless. Members will have up to one hour after cessation of trading on the option expiry day to manually abandon or exercise an option. 	Expires into a corresponding ICE Endex Dutch TTF Natural Gas Futures contract with European-style exercise. If the option is not abandoned, automatic exercise will occur for options which are one or more ticks in the money.
At-The-Money and Out-of-The-Money options will expire worthless. Members will have up to one hour after cessation of trading on the option expiry day to manually abandon or exercise an option.
MIC Code 	NDEX 	NDEX 	NDEX
Clearing Venues 	ICEU 	ICEU 	ICEU
Trading Hours 	CITY 	TRADING 	PRE-OPEN
Trading Hours 	NEW YORK 	8:00 PM - 6:00 PM*
20:00 - 18:00 	7:55 PM
19:55
Trading Hours 	LONDON 	1:00 AM - 11:00 PM*
01:00 - 23:00 	12:55 AM
00:55
Trading Hours 	SINGAPORE 	9:00 AM - 7:00 AM*
09:00 - 07:00 	8:55 AM
08:55
Trading Hours 	*Next Day 	*Next Day 	*Next Day
Codes 	Clearing Admin Name 	Dubai Crude 	Dubai Crude
Codes 	Physical 	DBI 	DBI
Codes 	Logical 	DBI 	DBI
Codes 	GMI (FC) 	DB 	DB
Codes 	ION A.C.N. 	OU44 	OU44
Dutch TTF Gas Options (Futures Style Margin)	Dutch TTF Gas Options (Futures Style Margin) 	Dutch TTF Gas Options (Futures Style Margin) 	Dutch TTF Gas Options (Futures Style Margin)
Trading Screen Product Name 	Dutch TTF Gas Base Load Futures 	Dutch TTF Gas Base Load Futures 	Dutch TTF Gas Base Load Futures
Trading Screen Hub Name 	TTF (Futures-style) 	TTF (Futures-style) 	TTF (Futures-style)
Contract Symbol 	TFO 	TFO 	TFO
Trading Period 	Up to 156 consecutive month contracts, or as otherwise determined by the Exchange. Quarterly, seasonal, calendar, and any period of consecutive monthly contracts can be registered as a strip. 	Up to 156 consecutive month contracts, or as otherwise determined by the Exchange. Quarterly, seasonal, calendar, and any period of consecutive monthly contracts can be registered as a strip. 	Up to 156 consecutive month contracts, 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 when the intraday reference price is set , approximately 14:00 CET (as specified in the Operating Schedule - Appendix B.1), of the underlying futures contract five calendar days before the start of the contract month. If that day is a non-business day, expiry will occur on the nearest prior business day, except where that day is also the expiry date of the underlying futures contract, in which case expiry will occur on the preceding business day.	Trading will cease when the intraday reference price is set , approximately 14:00 CET (as specified in the Operating Schedule - Appendix B.1), of the underlying futures contract five calendar days before the start of the contract month. If that day is a non-business day, expiry will occur on the nearest prior business day, except where that day is also the expiry date of the underlying futures contract, in which case expiry will occur on the preceding business day.	Trading will cease when the intraday reference price is set , approximately 14:00 CET (as specified in the Operating Schedule - Appendix B.1), of the underlying futures contract five calendar days before the start of the contract month. If that day is a non-business day, expiry will occur on the nearest prior business day, except where that day is also the expiry date of the underlying futures contract, in which case expiry will occur on the preceding business day.
Contract Security 	ICE Clear Europe acts as central counterparty to all trades thereby guaranteeing the financial performance of ICE Endex contracts registered in the name of its Members up to and including delivery, exercise and/or settlement. 	ICE Clear Europe acts as central counterparty to all trades thereby guaranteeing the financial performance of ICE Endex contracts registered in the name of its Members up to and including delivery, exercise and/or settlement. 	ICE Clear Europe acts as central counterparty to all trades thereby guaranteeing the financial performance of ICE Endex contracts registered in the name of its Members up to and including delivery, exercise and/or settlement.
Trading Hours 	Open 08:00, Close 18:00 (CET), Monday - Friday 	Open 08:00, Close 18:00 (CET), Monday - Friday 	Open 08:00, Close 18:00 (CET), Monday - Friday
Trading Model 	Continuous trading throughout trading hours 	Continuous trading throughout trading hours 	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. 	Electronic futures, Exchange for Physical (EFP), Exchange for Swap (EFS) and Block Trades are available for this contract. 	Electronic futures, Exchange for Physical (EFP), Exchange for Swap (EFS) and Block Trades are available for this contract.
Unit of Trading 	1 MW 	1 MW 	1 MW
Contract Size 	1 MW per day in contract period (i.e. month, quarter, season or year) x 23, 24 or 25 hours (summer or winter time). 	1 MW per day in contract period (i.e. month, quarter, season or year) x 23, 24 or 25 hours (summer or winter time). 	1 MW per day in contract period (i.e. month, quarter, season or year) x 23, 24 or 25 hours (summer or winter time).
Minimum Trading Size 	5 lots = 5 MW 	5 lots = 5 MW 	5 lots = 5 MW
Minimum Block Order 	1 lot = 1 MW 	1 lot = 1 MW 	1 lot = 1 MW
Quotation 	The contract price is in Euros and Euro cents per MWh 	The contract price is in Euros and Euro cents per MWh 	The contract price is in Euros and Euro cents per MWh
Strike Price Increments 	Strike Range is 0.10 - 50.00 Euros per MWh
Strike Price Increments are Multiples of 0.01 Euros per MWh 	Strike Range is 0.10 - 50.00 Euros per MWh
Strike Price Increments are Multiples of 0.01 Euros per MWh 	Strike Range is 0.10 - 50.00 Euros per MWh
Strike Price Increments are Multiples of 0.01 Euros per MWh
Minimum Price Fluctuation 	0.5 Euro Cent per MWh 	0.5 Euro Cent per MWh 	0.5 Euro Cent per MWh
Maximum Price Fluctuation 	There are no limits. 	There are no limits. 	There are no limits.
Tick Value 	Contract Size x Minimum Trade Size x Minimum Price Flux 	Contract Size x Minimum Trade Size x Minimum Price Flux 	Contract Size x Minimum Trade Size x Minimum Price Flux
Position Limit 	Positions are reported to the ICE Endex 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. 	Positions are reported to the ICE Endex 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. 	Positions are reported to the ICE Endex 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.
Option Premium 	Futures Style 	Futures Style 	Futures Style
Exercise 	Expires into a corresponding ICE Endex Dutch TTF Natural Gas Futures contract with European-style exercise. If the option is not abandoned, automatic exercise will occur for options which are one or more ticks in the money.
At-The-Money and Out-of-The-Money options will expire worthless. Members will have up to one hour after cessation of trading on the option expiry day to manually abandon or exercise an option. 	Expires into a corresponding ICE Endex Dutch TTF Natural Gas Futures contract with European-style exercise. If the option is not abandoned, automatic exercise will occur for options which are one or more ticks in the money.
At-The-Money and Out-of-The-Money options will expire worthless. Members will have up to one hour after cessation of trading on the option expiry day to manually abandon or exercise an option. 	Expires into a corresponding ICE Endex Dutch TTF Natural Gas Futures contract with European-style exercise. If the option is not abandoned, automatic exercise will occur for options which are one or more ticks in the money.
At-The-Money and Out-of-The-Money options will expire worthless. Members will have up to one hour after cessation of trading on the option expiry day to manually abandon or exercise an option.
MIC Code 	NDEX 	NDEX 	NDEX
Clearing Venues 	ICEU 	ICEU 	ICEU
Trading Hours 	CITY 	TRADING 	PRE-OPEN
Trading Hours 	NEW YORK 	2:00 AM - 12:00 PM
02:00 - 12:00 	1:45 AM
01:45
Trading Hours 	LONDON 	7:00 AM - 5:00 PM
07:00 - 17:00 	6:45 AM
06:45
Trading Hours 	SINGAPORE 	3:00 PM - 1:00 AM
15:00 - 01:00 	2:45 PM
14:45
Codes 	Clearing Admin Name 	Dutch TTF BL 	Dutch TTF BL
Codes 	Physical 	TFO 	TFO
Codes 	Logical 	TFO 	TFO
Codes 	GMI (FC) 	AY 	AY
Codes 	ION A.C.N. 	None 	None
== Notes ==
==References==
==Resources==
*ICE Dutch TTF Gas Product Spec
*ICE Dutch TTF Gas Options Product Specs
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