EUROPEAN GAS

THE and TTF.
Built on broker data.
Fully transparent.

Spark and LEBA have partnered to launch fair value indices and forward curves for THE and TTF.

Front Month Price
FRONT MONTH
SparkLEBA-TTF-F
DELIVERY RANGE
Dec25
€29.000 /MWh 8 submitters
(0.245)
LIQUIDITY METRICS
Daily Trade Volume49377
No. of trades375
No. of orders11029

Features

TTF · THE
Fair Value IndicesTTF · THE
Spark European Gas — TTF and THE fair value indices for Day Ahead, Front Month and Balance of Month
Fair Value Indices
Spark European Gas — forward curve with monthly granularity through Cal-29
Forward Curve
Spark European Gas — transparency metrics including trade volumes, algorithmic highs and lows, and recent market activity
Transparency Metrics
Slide 1 of 3: Fair Value Indices
01 Daily fair value indices for TTF and THE, Day Ahead, Front Month and Balance of Month
02 Forward curve with monthly granularity through Cal-29
03 Built from approximately 50,000 daily bids, offers and trades from leading LEBA brokers
04 Non-journalistic, algorithmic and fully auditable methodology, assessed at 16:30 UK, published by 17:00 UK
05 Transparency metrics, with trade volumes, algorithmic highs and lows, and recent market activity behind every assessment
06 Historical price data, price evolution, and indexation and settlement tracking
07Low cost and unbundled pricing structure
08 A transparent forward curve with monthly granularity through to Cal+4, giving a comprehensive view of future pricing.

Why Spark European Gas?

Traditional end-of-day pricing has relied on journalistic judgement, subjective assessments, limited transparency, and high costs.

Spark European Gas offers a different approach. Our indices are fully data-driven, consistent, and transparent, enabled by unique access to the full and comprehensive dataset of trades, bids and asks from the LEBA’s leading European gas brokers. The result is a complete and reliable view of the forward curve, giving you confidence in every price point.

Spark European Gas is built to be checked. Every price is calculated mechanically from the full LEBA broker dataset, published alongside the volumes and activity behind it, and reproducible from one day to the next, so traders, risk teams and analysts can rely on it for settlement, valuation and analysis with confidence.

End-of-day pricing, without the guesswork.

Available now.

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