Trade-Backed Natural Gas Indices

About Tankard

Tankard publishes Day-Ahead, Weekend-Ahead and Month-Ahead indices for NBP, TTF, NCG and GASPOOL ("Tankard All Day"), 16:25 to 16:30 (UK time) Day-Ahead and Weekend-Ahead indices for NBP and TTF ("Tankard 16:30"), and 15:25 to 15:30 (UK time) Day-Ahead and Weekend-Ahead indices for NBP and TTF ("Tankard 15:30"). The Tankard indices are trade-backed volume-weighted average price indices, calculated from trades arranged by ICAP, Marex Spectron and Tullett Prebon. Along with the index figure, the index data sets include Total Volume, High and Low. The indices are denominated in the currency of the underlying natural gas product.

UK and European Natural Gas Market

The trades which make up the Tankard indices are physically-settled natural gas forwards. These trades are executed between utilities, natural gas producers, hedge funds, banks and trading houses. ICAP, Marex Spectron and Tullett Prebon provide comprehensive coverage of the OTC natural gas market. In 2012, the three brokers arranged over €450 billion notional value of physically-settled natural gas forwards.

 

Download Tankard All Day Index File



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Download Tankard 15:30 Index File



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Download Tankard 16:30 Index File



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Disclaimer

This communication and all information (including the methodology, market prices/levels and data) contained therein (the "Information") is for personal and internal information purposes only unless specifically authorised otherwise in writing by ICAP ("Permitted Purpose"), is confidential and is the intellectual property of ICAP plc and/or one of its group companies ("ICAP"), Tullett Prebon (Europe) Limited and/or Marex Spectron International Limited (together "Tankard Parties").

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All Information contained herein and any opinions expressed in it, have been derived from sources believed to be reliable and in good faith they are not to be relied upon as authoritative or taken in substitution for the exercise of your own commercial judgment. The Information is directed to Eligible Counterparties and Professional Customers only and is not intended for Retail Clients (as each term is defined by the rules of the Financial Conduct Authority ("FCA")). This information has no regard to specific investment objectives. Any opinions expressed in it are subject to change without notice and may differ from opinions expressed by other areas of the Tankard Parties and/or the ICAP group. This Information is not, and should not be construed as, an offer or solicitation to bid, sell or buy any product, investment, security or any other financial instrument. The Tankard Parties do not make any representation or warranty, express or implied, as to the accuracy, completeness or correctness of this information. The Tankard Parties do not accept any liability for any loss or damage, howsoever caused, arising from any reliance on any information or views contained in the Information.