The European Energy Exchange (EEX) extends its incentive model on the Natural Gas Derivatives Market by three additional months and thus creates further impulses for long-term exchange trading.
The programme is scheduled until the end of September 2012 and includes all participants admitted for trading on the Natural Gas Derivatives Market as well as all (exchange and OTC) products. In August 2011, EEX launched the volume-based incentive scheme for the Derivatives Market which resulted in a significant boost in trading activities. This positive development in the trade volumes further continued in 2012. During the first five months of the current year, 16.3 TWh were traded on the Natural Gas Derivatives Market. This corresponds to an 81-percent increase compared with the same period in the previous year (January to May 2011: 9.0 TWh). Since the introduction of the incentive model for the Derivatives Market the bonus has been paid out 19 times.
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 related products on which power, natural gas, CO2 emission allowances and coal are traded. Clearing and settlement of all trading transactions are provided by the clearing house European Commodity Clearing AG (ECC). EEX is a member of Eurex Group.
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EEX Extends Incentive Model On Natural Gas Derivatives Market
Date 28/06/2012