As of September 3, EEX will change the auction for trading in single hours, thus further optimizing trading at EEX for the market participants. The exchange made the announcement on Wednesday. The auction for trading in single hours is being replaced by a new and simpler type of auction with revised transparency parameters. The existing safety and security mechanisms, such as volatility interruptions, will remain unchanged.The changes being made in the auction will make trading in individual hours on the EEX spot market easier for the participants and offers new opportunities to optimize production and consumption peaks. No changes will be made in the trading of blocks.
With the changed parameters, the auction for single hours at 11.00 a.m. will be quicker and will be easier to handle. This results in a simpler auction sequence that no longer requires traders to be present at the terminal for trading in single hours. This makes trading at EEX more attractive. Trading in single hours already accounts for roughly 15 percent of the turnover on the EEX spot market, and trading in blocks, 85 percent.
The exchange is introducing the new auction in response to the request of many participants. The new auction was successfully simulated together with the market prior to its introduction.
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