EEX to launch daily gas futures at four European hubs

European Energy Exchange will introduce physically settled daily natural gas futures for the Dutch TTF, German THE, Austrian CEGH VTP and French PEG hubs on its T7 trading platform from 23 November 2026. The contracts will let market participants manage short-term price exposure and trade intraday-to-month spreads.

Each contract will settle on a daily maturity, giving traders finer price granularity than monthly or longer-dated futures. The products are physically settled, which means successful positions create delivery obligations rather than cash-only settlement.

The exchange will offer a Day-Month spread functionality to enable relative-value trades between a single day and the corresponding month. EEX noted the spread feature could be used while European gas storage is being replenished ahead of the winter demand season.

Steffen Köhler, chief commercial officer at EEX, described the contracts as complementary to the exchange’s existing physical and financial natural gas futures, adding they would let participants implement more targeted trading strategies.

EEX already offers physically settled natural gas futures covering maturities from one month to several years, alongside financially settled futures linked to the EGSI index. The daily futures follow recent short-term additions to the platform, including the EEX530 index and the Trade-at-Index functionality.

EEX stated the new contracts are intended to broaden opportunities for spread and relative-value strategies across key European hubs and to provide additional tools for managing short-term gas price risk. Trading will begin on 23 November 2026.