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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
The TTF natural gas market is solidifying its role as a global benchmark according to Bloomberg with an increase in open interest.
- ICE TTF natural gas futures and options open interest has risen to 2.78m contracts up almost 50% from the same time last year. Trading volume across both markets also surged by 50% from a year ago with daily aggregate futures traded volumes averaging 246k in Sep 2023 compared to 124k in Sep 2022.
- Open interest for TTF futures is up to the highest of the year at 1.4m contracts and a 30% increase from the same period in 2022 while options interest has increased 77% to 1.3m contracts. TTF futures open interest is still below as much as 2m contracts seen in late 2021.
- ICE doesn’t split volumes by geography, but the European market has become a popular destination for funds from Tokyo to Chicago according to Bloomberg.
- Open interest in futures and options contracts tied to Asian LNG is growing at a slower pace, increasing by 10% from last year to 82.7k while volumes are up 7% on the year.
Source: ICE / 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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