Trading EGSI Futures
EEX Financial Gas Futures settled against the European Gas Spot Index (EGSI)
The European Energy Exchange (EEX) will expand its product range on the Derivatives Market with new Financial Gas Futures as of 28th June 2021. These new contracts will be listed on the Dutch (TTF), Austrian (CEGH) and German (NCG and THE as of October 2021) market areas and cash-settled against the European Gas Spot Index (EGSI), the most robust and transparent pricing reference in the European gas market.
EGSI Futures will cover the whole curve from short term (Day Futures, Weekend and Week contracts) to longer term maturities (Month, Quarter, Season and Calendar Year). The launch will enable easier access to the European Natural Gas markets for companies that do not require physical delivery, whilst allowing all participants to trade on the EGSI benchmark price for hedging purposes.
In line with other EEX products, the new Financial Gas Futures will be tradable on all EEX Exchange trading days during the regular trading hours from 8:00 am to 6:00 pm CET.
By listing these cash-settled EGSI Futures, EEX will also enable its members to trade the price difference between the new Financial Gas Futures and existing highly liquid Financial Power Futures in dedicated Spark Spreads orderbooks with execution guarantees.
About the European Gas Spot Index (EGSI)
EGSI - the N°1 benchmark for Natural Gas in Europe
The European Gas Spot Index (EGSI) is determined on actual trades executed on all EEX Natural Gas markets in Europe. More specifically, the EGSI is calculated as a volume weighted average price based on all transactions of the day (8.00 am to 6.00 pm CET). Due to the large liquidity of EEX markets, combined with the robust methodology used, EGSI has become the most transparent and trustworthy natural gas Index in Europe.
60 Seconds with Aude Filippi
Aude Filippi, Director Gas and Sustainability Markets, explains why EGSI is the most reliable benchmark for Gas in Europe.
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