EEX offers Financial Gas Futures settled against the European Gas Spot Index (EGSI) – the most transparent and liquid reference price in the European gas market. These contracts are listed for the TTF (Dutch), THE (German), NBP (British ) and CEGH (Austrian) market areas, covering the whole curve from short-term (daily, weekend, weekly, current month) to longer-term maturities (month, quarter, season, calendar year).
Advantages of trading financial gas derivatives at EEX
- Trading gas without physical delivery
- Covered in Power Plus Membership at no extra costs
- Hedging up until the current settlement month, like Power futures
- Short-term maturities available in day-, weekend- and week-futures
- Provide Trade-at-index opportunity (TAI)
- Spark-spreads with guaranteed execution
About the European Gas Spot Index (EGSI)
EGSI - the N°1 benchmark for Natural Gas in Europe
EGSI index is determined as the volume-weighted average price of all trades in the day-ahead and weekend contracts executed between 8:00 and 18:00 CET on the exchange trading day before the start of the delivery period of the contract. EGSI has become the most trusted Natural Gas index across Europe.
Available EEX Spark Spread
EEX Financially settled power futures and EEX Financially settled EGSI gas futures
EEX offers spark spreads reflecting the price spread between the power and gas futures markets. Executing both legs simultaneously enables better hedging of fuel cost exposure and eliminates leg risk.
Spark spread combinations are available for several markets, including the EEX German Power Futures and multiple natural gas markets, such as the Dutch TTF market.
Spark spread trading can also reduce execution costs through cross margining effects by reducing collateral requirement across correlated positions and improving capital efficiency when trading power and gas market on one platform.
For more information on cross-margining and the margin methodology used by our clearing house, European Commodity Clearing, visit Margin Methodology.
Available EEX physical-financial spreads for natural gas derivatives
| Publishing date | Title | File |
|---|---|---|
| 2026-07-30 | Settlement Pricing Procedure V5.36 - English | pdf (352 KB) |
| 2026-07-17 | Contract Details file for Natural Gas Futures | xlsx (2 MB) |
| 2021-06-22 | Quick Guide to EGSI Futures in Joule | pdf (358 KB) |
| 2021-06-22 | Quick Guide to Spark Spreads in Joule | pdf (175 KB) |