- Trading Screen Product Name
- Dutch TTF Natural Gas 1st Line Financial Futures (USD/MMBtu)
- Trading Screen Hub Name
- TTF
- Contract Symbol
TFU
- Contract Series
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.
- Contract Size
10,000 MMBtu
- Unit of Trading
1 lot = 10,000 MMBTU
- Minimum Trading Size
"Futures: 1 lot = 1,000 Allowances
Block Order: 5 lots = 5,000 Allowances"
- 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
- Tick Value
Contract Size x Minimum Trade Size x Minimum Price Fluctuation
- Strike Price Increments
A minimum of 5 strike prices in increments of $0.10 above and below
the at-the-money Strike Price. Strike Price boundaries are adjusted
according to futures price movements. ICE Futures Europe may add
one or more strike prices nearest to the last price listed as
necessary.
- Last Trading Day
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
- Option Style
European Style
- Option Premium / Daily Margin
All open contracts are marked-to-market daily. Futures style
margining (not premium paid up-front)
- Exercise Method
Expires into a corresponding Dutch TTF Natural Gas 1st Line
Financial Futures (USD/MMBtu) 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.
The Futures resulting from exercise immediately goes to cash
settlement.
- Exchange Rulebook
- MIC Code
- IFEU
- Clearing Venues
- ICEU