Last week, the European Energy Exchange has registered the first trades in its new French power options.
On Thursday, two transactions were concluded in French options for annual delivery in 2016. The deals were registered by the broker Marex Spectron on behalf of clients and forwarded for clearing to European Commodity Clearing (ECC).
EEX’s offering for power options comprises “European type” options on monthly, quarterly and annual contracts (base load only). Since 2004, EEX has been offering power options for the market area Germany / Austria ("Phelix Options") and extended its line to the French, Italian and Spanish market areas on 27 August 2015.
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 commodity products. At EEX, contracts on Power, Coal and Emission Allowances as well as Freight and Agricultural Products are traded or registered for clearing. Alongside EEX, EPEX SPOT (incl. APX-Belpex), Powernext, Cleartrade Exchange (CLTX) and Gaspoint Nordic are also part of EEX Group. Clearing and settlement of trading transactions are provided by the clearing house European Commodity Clearing (ECC).
