Physical delivery

All trades concluded take physical delivery.

All trading participants are shippers registered with the danish TSO,


If you click a highlighted word in the text, you will see the explanation in this box.


Physical market

Trading ETF products at the PEGAS platform is based on continuous trading and physical delivery.

Due to physical delivery, market players need to enter into a Shipper Framework Agreement with to ship gas in the Danish transmission system before joining PEGAS ETF. Trading can be executed 24/7 for contracts with short maturity and form 08.00 to 18.00 CET on exchange days for Futures contracts. 

Net trading positions are reported by the clearing house to every hour during the trading day.

This process ensures that the physical gas flow by default will follow trades conducted at the gas exchange.


For further information:

Anders Juul Cassøe

Senior Business Developer

Phone: +45 3145 1165