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EEX sees 42 per cent volume increase on German-Austrian power derivatives market

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The European Energy Exchange (EEX) reached a volume of 311.2 TWh on its power derivatives markets in March, representing a year-on-year increase of 22 per cent (March 2016: 255.8 TWh).

In particular, power products for the German-Austrian market contributed to this result. At 250.5 TWh, volumes in this market increased by 42 per cent (March 2016: 176.6 TWh). This includes 225.9 TWh from Phelix Futures and 24.6 TWh from Phelix Options.
The March volumes comprised also 158.7 TWh registered at EEX for clearing. Clearing and settlement of all transactions was executed by European Commodity Clearing (ECC).
On the EEX Market for emission allowances, a total volume of 117.5 million tonnes of CO2 was traded in March which represents a year-on-year increase of 50 per cent (March 2016: 78.4 million tonnes of CO2). On the EUA secondary market, volumes have doubled to 33.6 million tonnes of CO2 (March 2016: 15.7 million tonnes of CO2). The primary market auctions contributed 83.5 million tonnes of CO2 to the total volume. 
Throughout March, a total of 5,906 contracts was traded in agricultural products at EEX which is an increase of 58 per cent compared to the previous year (March 2016: 3,746 contracts). On the derivatives market for processing potatoes, the volume increased by 64 per cent to 3,633 contracts (equal to 90,825 tonnes) while the derivatives market for dairy products increased by 48 per cent to 2,273 contracts (equal to 11,365 tonnes). This includes 1,359 contracts (equal to 6,795 tonnes) from Butter Futures which is a new monthly record.
In freight futures which are available for clearing via ECC, EEX recorded a volume of 3,840 contracts in March.
In March, EEX admitted Linea Più S.p.A, Pavia (Italy), as a new trading participant. Furthermore, natGas Aktiengesellschaft, Potsdam (Germany), has extended its admission to trading on the power derivatives market. In total, 22 participants were admitted to trading of the new Floor Futures which EEX launched on 15 March this year.

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