The volumes generated in power trading on the European Energy Exchange (EEX) continue to develop positively. In July, EEX achieved 149 TWh, the highest volume on the Power Derivatives Market this year.
Connected with this, the market share of the Phelix Future on the German market reached a new record level at 29 percent. In July 2013, the market share was only 18 percent. This number is based on the figures published by the exchanges and the London Brokers’ Association (LEBA) every month.
“If we exclusively consider the cleared volume in German power trading, EEX accounts for a share of more than 96 percent”, explains Steffen Köhler, Chief Operating Officer of EEX.
In order to further expand its leading position in European power trading, EEX continues to add new regions to its product portfolio on an on-going basis. In addition to Phelix futures for the German/Austrian market areas, it also offers financial futures for France and Italy as well as physical futures for Belgium and the Netherlands. These products are available for exchange trading and trade registration for clearing.
European Commodity Clearing (ECC) provides clearing and settlement of these trade transactions. Additionally, EEX and ECC offer clearing services for power futures in Scandinavia, Switzerland, Spain and Romania. Customers benefit from this wide clearing offer because they have to deposit collateral only for their overall risk positions.
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, coal and guarantees of origin are traded. Through its majority shareholding in Cleartrade Exchange (CLTX), EEX additionally offers the markets for freight, iron ore, fuel oil and fertilisers. Clearing and settlement of all trading transactions are provided by the clearing house European Commodity Clearing (ECC). EEX is a member of Eurex Group.
