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The European Energy Exchange (EEX) achieved new records on its Natural Gas Markets in March. With an overall trading volume of 11,898,727 MWh, EEX sets a new monthly record (up from the previous record of 11,705,130 MWh in November 2011). Compared to March 2012 (6,757,679 MWh), the traded volume increased by 76 percent.
On the Spot Market, with a traded volume of 8,944,117 MWh, a new record was established as well (previous record: 7,160,518 MWh in January 2013). For the first time, the daily volume on the Spot Market surpassed the level of 700,000 MWh, reaching a new daily record on 28 March 2013. In March, the number of trades concluded on the Spot Market (9,122) nearly doubled in comparison to 4,717 trades in March 2012. On the Natural Gas Derivatives Market, the traded volume amounted to 2,954,610 MWh which constitutes a month-to-month increase of 51 percent and the highest turnover since the beginning of the year (March 2012: 3,301,080 MWh).
These new records show that the ongoing efforts to develop the gas markets at EEX are generating results. Not only has EEX introduced a Trading Agent model to develop the out-of-hours volumes this year, but has also recently seen adoption of its Straight-Through-Processing (STP), a solution to develop the OTC clearing volumes across all asset classes. Furthermore, in addition to new liquidity providers on the Natural Gas Derivatives Market, three new customers joined the EEX gas markets in March, namely OMV Trading GmbH, Shell Energy Europe Limited and Mark-E Aktiengesellschaft.
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 and coal are traded. Clearing and settlement of all trading transactions are provided by the clearing house European Commodity Clearing AG (ECC). EEX is a member of Eurex Group.
