Today, European Energy Exchange (EEX) successfully migrated its Natural Gas Futures for the market area GASPOOL onto PEGAS – the common platform of EEX and Powernext, which was launched on 29 May 2013.
From today onwards, physical EEX gas futures for delivery in the GASPOOL area (Months, Seasons, Quarters and Years) are available for trading on the Trayport® Exchange Trading SystemSM under the cooperation brand of PEGAS, together with all existing gas products offered by Powernext. By adding the EEX GASPOOL futures onto the PEGAS platform, exchange trading of location spreads will be possible between GASPOOL and TTF futures for the first time. Until now, a volume of 29,760 MWh was traded on PEGAS in GASPOOL Futures.
Moreover, EEX admitted PGNiG Sales & Trading GmbH (PST), the international trading arm of the Polish Gas and Oil company PGNiG SA, as a new market maker for the GASPOOL futures market. With immediate effect, PST will provide buy and sell orders in the Trayport order book. PST will quote Months, Seasons, Quarters and Years products which will support the liquidity to the admitted members trading the GASPOOL market area.
"We are looking forward to work together with EEX in our role as an official market maker at GASPOOL and see the PEGAS initiative as a positive move for the European gas market”, said Uwe Bode, Head of Trading of PGNiG Sales & Trading GmbH.
Within the next weeks EEX will also migrate the natural gas futures for the market area NetConnect Germany (NCG) as well as the Spot Market products for the GASPOOL, NCG and TTF area onto the common platform and hence increase the product range tradeable on PEGAS. The Go-live date of the further EEX products on PEGAS will be announced in due course.