The European Energy Exchange (EEX) is to expand its offering on the Power Derivatives Market with further short-term maturities. From 16 June 2016, day and weekend contracts for peak-load deliveries of power can be traded in the French and Italian market areas.
Concurrently, EEX will introduce week futures for base-load deliveries of power in the Dutch, Swiss and Nordic market area, which will supplement the existing product offering comprising month, quarter and year futures on these markets.
“The introduction of further short-term maturities contributes to strengthening liquidity in the market areas“, says Dr Tobias Paulun (pictured), Chief Strategy Officer of EEX. “With this step we continue our approach of expanding the product range in the existing regions and providing our customers with a complete offering for European energy trading.”
Compared with 2014, the trading volume in day and week contracts on the Power Derivatives Market more than doubled in 2015. This development highlights the increasing importance of short-term trading. This has led EEX to offering day and weekend contracts for base-load deliveries of power for France and Italy since February 2015.
The EEX offering on the Power Derivatives Market covers eleven market areas: EEX offers trading in power futures for Germany, France, Italy, Spain, the UK, the Nordic market, Belgium, the Netherlands and Switzerland. In addition, Trade Registration services are offered for these markets as well as for Greece and Romania. Clearing and settlement of all products are provided by the European Commodity Clearing (ECC), the clearing house of EEX Group.
The European Energy Exchange (EEX) is the leading energy exchange in Europe. It develops, operates and connects secure, liquid and transparent markets for energy and commodity products. At EEX, contracts on Power, Coal and Emission Allowances as well as Freight and Agricultural Products are traded or registered for clearing. Alongside EEX, EPEX SPOT, Powernext, Cleartrade Exchange (CLTX) and Gaspoint Nordic are also part of EEX Group. Clearing and settlement of trading transactions are provided by the clearing house European Commodity Clearing (ECC).
