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ICE Cuts Margin Rates on European Gas Futures

NATURAL GAS

ICE has the cut the margin rates on European front-month TTF gas futures for the second time in six weeks as winter supply and price volatility eases.

  • The initial margin rate has been cut by 13% to 13.86€/MWh according to a notice Friday.
  • The changes are effective from close of business Monday 27th November 2023 and will be reflected in margin calls made on Tuesday 28th November 2023.
  • TTF front month 30 day historic volatility has fallen from over 140% in early September back to just 48% with rangebound prices since October.


Source: Bloomberg

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