Product description

On the Derivatives Market, natural gas is traded for the current month, the next six months, the next seven quarters and the next 6 calendar years. The Derivatives Market is used for the medium- and long-term optimisation of the procurement and sale of natural gas.

EEX offers derivatives trading for two market areas:

GUD market area

Continuous trading of GUD Natural Gas Futures Contracts takes place on every exchange trading day for the GUD market area. After the end of trading, the settlement price for the GUD market area is published at 6.00 p.m. on every exchange trading day.

E.ON GT market area

Continuous trading of EGT Natural Gas Futures Contracts takes place on every exchange trading day for the E.ON GT market area. After the end of trading, the settlement price for the E.ON GT market area is published at 6.00 p.m. on every exchange trading day.

Advantages of derivatives trading in natural gas

• Derivatives trading constitutes a flexible tool of medium-term portfolio optimisation.
• Time-consuming negotiation and cost-intensive provision of financial securities for individual trading participants
  is not required any more.
• 34 trading participants are active on the Derivatives Market (as of 31 January 2008).
• Legal, technical and financial security of trading
• Neutrality through market surveillance and state supervision of the exchange

Participation

Derivatives trading in natural gas with a license to trade on the exchange

Trading participants licensed to trade on the Derivatives Market of EEX are granted access to derivatives trading in natural gas provided they can present a valid balance or hub agreement.

Derivatives trading in natural gas without a license to trade on the exchange

Clearing banks offer easy access to participation in exchange trading without a license to trade on the exchange.
A list of the clearing banks is available at this link.

Contract Specifications