Increased adoption of Argus benchmark prices in supply agreements and risk management enables a greater range of tools to manage price risk
LONDON, July 16, 2026 /PRNewswire/ — Market participants can now trade natural gas instruments linked to price assessments published by global energy and commodity price reporting agency Argus using Trayport’s aggregated energy and commodity screen, Joule. TP ICAP facilitated the first Argus TTF day-ahead indexed transaction on the platform on 7 July 2026.
The transaction, brokered by TP ICAP group — a world-leading provider of financial markets infrastructure — was the first physically settled trade on Joule using an instrument linked to the Argus TTF day-ahead gas assessment. The instrument allows buyers and sellers to settle physically delivered gas contracts at a differential to end-of-day prices published in the Argus European Natural Gas report. This builds on broad use of Argus prices in digital marketplaces, in physical supply agreements, risk management strategies and commercial contracts across the European gas and global LNG markets.
The launch meets growing demand for risk-management tools linked to Argus price benchmarks. Participants with exposure to contracts indexed to Argus assessments can now trade directly against those benchmarks, helping to align physical positions with hedging activity and reducing basis risk.
The Dutch TTF is Europe’s biggest gas trading hub and one of the world’s most actively traded energy markets. Since 2022, it has cemented its role as the primary reference for European gas and an important benchmark for global LNG procurement. This follows a reconfiguration of Europe’s gas supply mix, with LNG replacing lost Russian pipeline gas.
“This important milestone reflects the market’s confidence in Argus prices and our long-standing dedication to serving Europe’s gas sector,” Argus Media chairman and chief executive Adrian Binks said. “We are pleased to see increasing adoption of Argus TTF prices in supply agreements and risk-management activities across the market.”
“We were pleased to enable this landmark step for liquidity in the European gas market,” TP ICAP managing director Andrew Temple said. “Our support for this new Argus gas trading instrument is part of our commitment to expand the tools available to buyers and sellers to manage price risk across energy markets.”
A range of Argus gas price assessments are available to trade on marketplaces ultilisingTrayport’s technology. Argus Guarantee of Origin prices are also available to all permissioned users through Trayport’s Joule, the leading global electronic solution for over 9,800 traders of European energy commodities and environmental markets.
Argus contact information
London: Seana Lanigan
+44 20 7780 4200
Email Seana
Houston: Elizabeth Frye
+1 713 968 0000
Email Elizabeth
Singapore: Tomoko Hashimoto
+65 6496 9960
Email Tomoko
TP ICAP contact information
Thomas.Gilbert@tpicap.com – Director, External Communications
About Argus Media
Argus is the leading independent provider of market intelligence to the global energy and commodity markets. We offer essential price assessments, news, analytics, consulting services, data science tools and industry conferences to illuminate complex and opaque commodity markets.
Headquartered in London with over 1,500 staff, Argus is an independent media organisation with 32 offices in the world’s principal commodity trading hubs.
Companies, trading firms and governments in 160 countries around the world trust Argus data to make decisions, analyse situations, manage risk, facilitate trading and for long-term planning. Argus prices are used as trusted benchmarks around the world for pricing transportation, commodities and energy.
Founded in 1970, Argus remains a privately held UK-registered company owned by employee shareholders and global growth equity firm General Atlantic.
Trademark notices
ARGUS, the Argus Logo, ARGUS MEDIA and ILLUMINATING THE MARKETS, Argus publication titles and index names are trademarks of Argus Media Limited. Visit Trademarks for more information.
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SOURCE Argus Media
