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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
NATURAL GAS
High market uncertainty driven by Russian supply disruptions have increased volatility and are impacting on trading costs and liquidity.
- ICE increased the front month margin for European gas contracts the second time last week by 10% to 78.638€/MWh. The latest change will take effect from close of business Monday 5th September 2022 and will be reflected in margin calls made on Tuesday 6th September 2022.
- The market volatility has pushed margin calls up 10-fold over the past year, increasing trading costs and significantly reducing open interest and liquidity.
- TTF aggregate open interest has nearly halved over the past year and fell further last week to 1.04m after the change to the margin requirements.
Source: Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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