The European Energy Exchange (EEX) has extended its product offering on the power derivatives market by launching Swiss Power Base Day and Weekend Futures.
On the first day of trading a total of 5,400 MWh was traded in Swiss Base Day Futures.
The first transaction in the Day Futures contract with a volume of 600 MWh was brokered by ARRACO Global Markets and concluded between Danske Commodities and NEAS Energy.
Swiss Power Base Day and Weekend Futures complement the existing Futures product range for the Swiss market which includes weekly, monthly, quarterly and yearly delivery periods.
EEX has also launched German Intraday Floor Futures, expanding the Energiewende product suite. These contracts complement the existing Cap Futures and allow participants to hedge against particularly low prices in the German intraday market.
All new contracts are financially settled and integrated within the Cross-Margining system of EEX’s clearing house European Commodity Clearing (ECC).
