Contracts

16 different contracts can be traded at PEGAS for the ETF hub.

Withinday and Day contracts are tradable 24/7 365 days a year.

All products take physical delivery.

Spreads are offered towards TTF, NCG and GPL

 

Contract description

Within day contracts:  Within day contracts enable Trading Participants to trade gas for physical delivery on the same gas day. The contracts can be traded 24/7. The delivery covers the remaining hours of the gasday which comprises from 1 to 23 hours depending on the time of the conclusion of the trade.

Day contracts: Day contracts enable Trading Participants to trade gas for physical delivery on the following gas day. The day contracts can be traded 24/7 on the last Exchange day before the delivery day. Delivery takes place from 06:00 AM to 06:00 AM. 

Weekend contracts: Enable Trading Participants to trade gas for physical delivery Saturday and Sunday combined. Delivery generally takes place from 06:00 AM Saturday to 06:00 AM Monday but will also cover days after and before the weekend if these days are Holidays. The weekend contract can be traded the last two Exchange days before delivery days.

Month contracts: Month contracts enable Trading Participants to trade gas for physical delivery on each gas day for the entire month ahead. The contract is tradable in the month preceding the delivery month.

Spread contracts: spread contracts are offered for all products towards TTF, NCG and GPL.

The following applies for products offered at Gaspoint Nordic:

Trading product Delivery or purchase of gas quality as defined by Energinet.dk within the Danish Gas Specifications and the limits listed in Rules for Gas Transport
Delivery day European gas day from 06:00 – 06:00
Delivery point The delivery point of all contracts is ETF – a virtual trading point
Trading unit The total amount of gas is 24 MWh per delivery day – based in a 1 MW contract
Trading hours Within Day, Day Ahead, Weekend is traded 24/7, Month Ahead is traded from 08:00 to 18:00 CET
Trading and clearing system Electronic real-time trading, with clearing house European Commodity Clearing (ECC) as central counterparty
Currency The trading currency is Euro
Tick size The minimum tick size is 0,025 EUR for sell/purchase bids
Security A variable security based on the amount of daily trades applies

 

Contact

For further information:

Anders Cassøe

Sales & Business Development Manager

aca@gaspointnordic.com

Phone: +45 3145 1165