Tankard, a collaboration between ICAP Energy, Marex Spectron and Tullett Prebon, the three leading interdealer brokers in the natural gas market, announces today that it is now publishing four new 16:30 indices (Tankard 16:30) in addition to its 15:30 indices (Tankard 15:30) for two leading traded natural gas hubs, the UK National Balancing Point (NBP) and Dutch Title Transfer Facility (TTF). The new Tankard 16:30 indices will be published daily at 16:45 and will comprise Day-Ahead and Weekend-Ahead indices for NBP and TTF using electronic trades executed between 16:25:00 and 16:29:59. Tankard 16:30 will be available on www.tankardindex.com and on Bloomberg under the code <TNKD>.
The Tankard indices cover the four leading traded natural gas hubs in Europe – NBP, TTF,
NetConnect Germany (NCG) and GASPOOL. Each Tankard index is calculated exclusively
using transaction prices for contracts for physical delivery at their respective hub, executed
via one of the three brokers that comprise Tankard. Covering a significant proportion of the
EU natural gas market, Tankard is the only provider of observable trade-backed indices in
each of the major UK and European hubs with no element of voluntary or selective
submission.
Richard Frape, Director of Market Services at Marex Spectron, said: “The introduction of daily
16.30 indices is in response to client demand and means the market now has a unique choice
of end-of-day window indices for NBP and TTF through Tankard.”
Background:
Tankard 16:30 will complement Tankard’s existing Tankard All Day and Tankard 15:30
offerings.
New 16:30 indices:
Tankard 16:30 Day-Ahead NBP
Tankard 16:30 Weekend-Ahead NBP
Tankard 16:30 Day-Ahead TTF
Tankard 16:30 Weekend-Ahead TTF
Existing indices:
Tankard All Day: Day-Ahead, Weekend-Ahead and Month-Ahead indices for NBP, TTF, NCG
and GASPOOL, using voice and electronic trades executed in the day up until 17:29:59.
Tankard 15:30: Day-Ahead and Weekend-Ahead indices for NBP and TTF, using electronic
trades executed between 15:25:00 and 15:29:59.