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TTF Liquidity Improving AS Open Interest Increases

NATURAL GAS

TTF liquidity has improved in recent weeks as aggregate open interest has picked up slightly this month from 0.89m to 0.979m contracts. Open interest halved during 2022 from around 1.9m.

  • The EU’s gas price cap could impact financial stability and weigh on the liquidity of Europe’s exchange-traded gas markets according to ESMA.
  • TTF is recovering from earlier losses to trade back positive on the day with supply risks providing support while the end to the cold spell by the weekend is limiting any price gains.
  • TTF FEB 23 up 1.1% at 67.61€/MWh
  • TTF SUM 23 up 1.5% at 69.48€/MWh
  • TTF WIN 23 up 1.8% at 77.4€/MWh


Source: Bloomberg

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