Ice to launch London-based TTF market
The move will allow participants to hedge without being affected by the EU’s incoming market cap rules
The Ice exchange will launch a parallel TTF futures and options market in London on 20 February, subject to regulatory approval. The new market for TTF futures and options will be exempt from the EU’s market cap mechanism, which comes into force on 15 February. Ice says the move will allow its customers “to manage risk, seamlessly hedge, and access and participate in the price discovery process, regardless of the level of the natural gas price”. The parallel market will be offered on the London-based exchange Ice Futures Europe. Futures contracts will mirror the existing ones on Ice Endex, without being subject to the new European Commission rules and the market cap mechanism. And expiring c
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