The company announced plans to introduce a gas market correction mechanism for TTF contracts traded on ICE Endex in the Netherlands, so as to "preserve the market structure as much as possible."
“We are preparing an alternative platform in London to act as an insurance option for clients if the mechanism does not allow them to trade and adequately control their risks,” Trabeu Blanda, vice president of ICE futures exchanges, reports RIA Novosti.
It is noted that the company is preparing to launch a parallel market for TTF futures and options contracts on its London-based ICE Futures Europe exchange from February 20.
On January 25, ICE data showed that gas prices in Europe fell below $650 per 1,000 cubic meters following trading results.
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February futures on the TTF index were trading at $648.6 by the close of trading.