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ICE to assess Dutch gas hub trading operations after price cap

Published 19/12/2022, 17:16
© Reuters. FILE PHOTO: A screen displays the ticker symbol and logo for Intercontinental Exchange Inc. (ICE) on the floor of the New York Stock Exchange (NYSE) March 1, 2016. REUTERS/Brendan McDermid
ICE
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LONDON (Reuters) - The Intercontinental Exchange said it will assess whether it can continue to operate fair and orderly markets for TTF gas hub trading from the Netherlands after a European Union agreement on a gas price cap.

© Reuters. FILE PHOTO: A screen displays the ticker symbol and logo for Intercontinental Exchange Inc. (ICE) on the floor of the New York Stock Exchange (NYSE) March 1, 2016. REUTERS/Brendan McDermid

"We have consistently voiced our concerns about the destabilising impact a TTF price cap will have on the market and the risks it presents to financial stability," the exchange said in a statement.

It said that the ICE (NYSE:ICE) TTF markets will continue trading as normal while it carries out a review of the EU gas price cap.

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