EUROPEAN UNION: EEX to Expand Gas Portfolio with Launch of Financial Gas Futures on EGSI

Wednesday May 5 2021

On 4^th May 2021, the European Energy Exchange (EEX) announced that it will expand its gas derivatives portfolio on 28^th June 2021 with the launch of Financial Gas Futures. The new contracts will be listed on the Dutch (TTF), Austrian (CEGH) and German (NCG – to be replaced by THE in October 2021) market areas and settled against the European Gas Spot Index (EGSI), the most credible and transparent gas price index in Europe.

EEX continues to shape the gas spot market by offering a portfolio of customized products and services to physical players and infrastructure operators. Currently, EEX holds more than 60% of the market share in Europe’s largest gas spot markets (Netherlands, Germany, Austria and France). From this position, EEX has been able to provide its customers and the market with a robust and reliable price index: the EGSI (European Gas Spot Index). The new EGSI Financial Gas Futures will result in a closer alignment between the Spot and Futures markets, giving customers the opportunity to trade on a more liquid market.

In launching the EGSI Financial Gas Futures, EEX will create a bridge between the Gas and Power Derivatives markets, allowing EEX customers to trade the price differential between the new Gas Futures and existing Power Futures via Spark Spreads.

The new EEX EGSI Financial Gas Futures will be available for trading via orderbook and trade registration on all EEX exchange days during the regular trading hours from 8:00 to 18:00 pm CET. All trading participants already admitted at EEX for trading Natural Gas Futures for the market areas TTF, NCG or CEGH VTP, will automatically be able to trade the EEX EGSI Futures for the respective market area.

Click on the above link for further information.