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EEX Group is looking to further expand its services in Asia with the aim of providing a cleared derivatives offering for the Japanese electrity wholesale market. The Ministry of Economy, Trade and Industry (METI) in Japan has been leading a multi-year effort regarding market deregulation and development. To determine how to best serve the market, EEX Group will be seeking to engage with market participants and other stakeholders on the best way forward.
EEX Group has a proven track record in power trading, recording the largest power trading volume worldwide in 2017. Additionally in 2018, the Group has achieved a number of significant milestones as part of their global commodities expansion strategy. In March 2018, the clearing house of EEX Group (ECC) was awarded with the Recognised Clearing House (RCH) status by the Monetary Authority of Singapore (MAS) which enables ECC to provide clearing services in Singapore. Another milestone was achieved with the launch of EEX Asia in November 2018 which now acts as the Asian exchange of EEX Group, offering futures contracts on freight and seaborne commodities. Futhermore, EEX Group recently announced their intention to launch a Liquefied Natural Gas (LNG) Futures contract based on Platts’ Japan Korea Marker (JKM®) in February 2019.
Peter Reitz, CEO of EEX comments, “EEX Group provides energy and commodity products to trading participants in more than 30 countries worldwide and Japan is a high priority for our long-term vision as we move into the global commodity exchange space. Providing power derivative solutions in Japan, starting with a clearing service offering, would be an important step in the continued global expansion of our products and services.”
EEX Group provides market platforms for energy and commodity products across the globe and provides access to a network of more than 500 trading participants. The group offers contracts for energy, environmental products, freight, metal and agriculturals listed at the European Energy Exchange (EEX), EEX Asia, EPEX SPOT, Powernext, Power Exchange Central Europe (PXE) and Nodal Exchange. Clearing and settlement of the transactions are provided by the European Commodity Clearing (ECC) and by Nodal Clear in the United States. EEX Group is a member of Deutsche Börse Group. More information: www.eex-group.com.
