Dutch TTF European front-runner in Tradability Index
The Dutch TTF scores best out of all European gas trading platforms in terms of the ease with which traders can buy and sell gas and/or gas-related products, according to the new ICIS Heren Tradability Index. The TTF owes its position as European front-runner mainly to the fact that the gas hub is increasingly distinguishing itself from other European hubs in “far curve” (seasonal and annual) products. This makes the TTF the only gas trading platform in Europe to have attained the maximum score of 20 points in the Tradability Index.
2014-2015 gas year: TTF nears NBP total volume
The 2014-2015 gas year closed on 1 October. Trading figures show that for the second year running, day-ahead capacity on the TTF was the most traded day product in Europe. The volume of over-the-counter (OTC) gas traded on the TTF last year totalled more than 13,000 TWh (source, LEBA). This is roughly 1,750 TWh more than in the year before and nearly 3,000 TWh more than the volume of OTC gas traded on the UK National Balancing Point (NBP).
A significantly higher volume of TTF products was also traded on the ICE Endex market last year: 2,057 TWh compared with 903 TWh the year before. This represents a total traded volume of more than 15,000 TWh, further narrowing the gap between the TTF and NBP (which currently stands at just over 18,000 TWh).
The TTF has thus taken another step towards becoming Europe’s biggest gas trading platform.