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The registration of the Polish energy trading company Elbis Sp. zo.o with the European Energy Exchange’s (EEX) CO2 Trading platform, automatically connects 80 locally registered trading participants to the CO2 Emission Allowances Spot Market at the Exchange. This is made possible by a so-called Order Routing Sys-tem that connects the EEX trading systems with the Polish companies.
“This new registration is a further building block in our CO2-Trade expansion strategy“ says Maik Neubauer, Board Member of EEX AG, “With this move we are winning 80 potential participants from the East European market that are playing an increasingly important role in the arena of European Emissions Law, particularly during the second phase of the Kyoto agreement.“
Elbis was founded in 1996 and has its headquarters in Belchatow. Since February 2001 this energy trading company has been the first company in Poland to offer its cus-tomers a virtual market on the internet platform www.poee.pl to trade conventional en-ergy and energy related products with CO2 Emission Certificates.
European Energy Exchange (EEX) operates a Spot and a Derivatives Market for en-ergy products. With more than 170 trading participants from 19 countries, it is the en-ergy exchange in continental Europe which boasts the biggest number of trading par-ticipants and the highest turnover. While coal is only listed on the Derivatives Market, Power, CO2 emission allowances, coal and gas are traded both short-term on the Spot Market and long-term on the Derivatives Market with a time horizon of up to six years into the future.
Clearing of exchange and over-the-counter transactions (OTC clearing) is provided by European Commodity Clearing AG (ECC). ECC is the clearing house of EEX and a subsidiary of the exchange.
