ICE Endex
European energy derivatives exchange listing TTF gas futures; part of ICE group, Amsterdam-based.
Last refreshed: 17 April 2026
What does the TTF price on ICE Endex tell us about Europe's winter gas risk?
Timeline for ICE Endex
Mentioned in: TTF trades EUR 41.67 intraday, extending six-week low
European Energy Markets- What is ICE Endex and how does it set European gas prices?
- ICE Endex is the Amsterdam-based energy derivatives exchange that hosts the TTF futures contract, the European benchmark for wholesale natural gas. Prices set on ICE Endex feed into utility contracts, storage valuations, and LNG cargo deals across the continent.Source: internal
- What is the TTF gas price today?
- TTF front-month settled at EUR 41.67/MWh on 17 April 2026, a six-week low, driven by Ceasefire optimism despite tighter supply from the Hammerfest LNG maintenance outage beginning 22 April.Source: internal
- Is ICE Endex subject to REMIT market abuse rules?
- Yes. ICE Endex and its participants are subject to EU REMIT market surveillance rules. The REMIT recast entering force on 29 April 2026 adds new transaction-reporting obligations for exchange participants.Source: internal
- Why is TTF the European gas price benchmark?
- TTF (Title Transfer Facility) is a virtual Dutch trading point whose futures contract on ICE Endex became the dominant European reference because of the Netherlands' role as a gas hub and the liquidity concentrated on the exchange.Source: internal
Background
ICE Endex is the European energy derivatives exchange that lists the TTF natural gas futures contract, the benchmark pricing instrument for European wholesale gas markets. It operates as part of Intercontinental Exchange (ICE), the Atlanta-headquartered exchange group, and also lists Dutch and Belgian power futures and TTF options. TTF front-month settled at EUR 41.67/MWh on 17 April 2026 on ICE Endex, extending a six-week low driven by Ceasefire optimism, even as the forward supply calendar for 22-29 April tightened on the Hammerfest maintenance outage.
ICE Endex was formed through successive acquisitions: ICE acquired APX-Endex in 2012 and merged various European energy trading platforms, establishing Amsterdam as the hub for TTF gas futures. The TTF (Title Transfer Facility) contract it lists is a virtual trading point for Netherlands-origin gas and has become the de facto European gas benchmark, used by producers, utilities, and financial traders across the continent and in global LNG pricing. ICE Endex is regulated by the Dutch Authority for the Financial Markets (AFM) and is subject to EU REMIT market surveillance rules.
The exchange's TTF contract is the principal reference price for gas procurement contracts across Europe, storage valuation, and LNG cargo pricing. When ACER launched its April 2026 REMIT consultation, ICE Endex participants were among the directly affected reporting entities required to align with the recast obligations. The price signals produced on ICE Endex feed directly into VNG's storage investment calculus, ENTSOG's supply adequacy assessments, and the European Commission's crisis policy decisions.