EEX Power Derivatives launched trading in Phelix Week Futures on 29 March 2010 as scheduled. On the first day a volume of 9,900 MWh was traded in the new product. The cash settled futures on a weekly basis complement the Phelix Month, Quarter and Year Futures and enable the participants to conclude exchange transactions as well as the registration of OTC-trades on the short end of the Derivatives Market curve.
The Phelix Week Future with the load ranges base load and peak load is available for trading for the current week and the next four weeks and can, like the existing Phelix Futures products, also be traded and cleared by the Eurex participants through their existing infrastructure in the framework of the cooperation between EEX and Eurex.
EEX Power Derivatives GmbH is a majority-owned subsidiary of European Energy Exchange AG (EEX), which was established as of 1 January 2008. EEX Power Derivatives operates the German and the French Power Derivatives Market and, hence, has a central position in Continental European power trading. Currently, 150 companies are admitted to trading on EEX Power Derivatives.
