EEX Trading Results For November 2017 - Monthly Record In PXE And Phelix-DE Power Futures

In November 2017, the European Energy Exchange (EEX) achieved a total volume of 276.6 TWh on its power derivatives markets (November 2016: 423.2 TWh). The November volume comprised 163.8 TWh traded at EEX via Trade Registration with subsequent clearing. Clearing and settlement of all exchange transactions was executed by European Commodity Clearing (ECC).

For the first time, more than 10 TWh were traded in power derivatives for the Central and Eastern European markets, formerly listed at the Prague-based Power Exchange Europe (PXE). Since the migration of the products onto the EEX platform in mid-June, liquidity in these markets has increased significantly. In November, a total volume of 10,190,703 MWh was traded (volume includes Czech, Hungarian and Slovak Power Futures), representing a new monthly record.
The shift of liquidity from the German-Austrian power futures into the German Phelix DE future continued, resulting in a new record volume of 72,651,053 MWh traded in the German contract.

Emission Allowances

On the EEX Market for emission allowances, 144.3 million tonnes of CO2(November 2016: 79.2 million tonnes of CO2) were traded in November. The total volume increased by 82%. Primary market auctions contributed 81.9 million tonnes of CO2 to the total volume. On the emission derivatives market 57.9 million tonnes of CO2 were traded which is more than three times the volume of the same month of the previous year (November 2016: 18.5 million tonnes of CO2).

Agricultural Products

Throughout November, a total of 4,198 contracts was traded in agricultural products (November 2016: 5,387 contracts). In the dairy segment, the volume reached 2,530 contracts (equal to 12,650 tonnes). In processing potatoes, a volume of 1,668 contracts (equal to 41,700 tonnes) was traded.

Global Commodities

In freight futures which are available for trade registration, EEX recorded a volume of 3,653 contracts in November (November 2016: 5,940 contracts). In mid-November, EEX Group successfully novated all remaining positions in Dry Bulk Freight FFA from LCH Ltd. to its clearing house European Commodity Clearing (ECC), increasing its market share in the freight open interest from 4% to 17% and gaining more than 50 new clients.

New Participants

In November, EEX admitted e-PANGO SAS, La Plaine Saint Denis (France), In Commodities A/S, Aarhus, IREN ENERGIA S.p.A., Turin, Rock Trading World SA, Geneva and Vector Investments SA, Geneva, as new trading participants. Goldman Sachs International, London, Macquarie Bank Limited (London Branch), Merrill Lynch International, London, RWE Supply & Trading GmbH, Essen, and Uniper Global Commodities SE, Dusseldorf, extended their admission to trading on the freight market. Koch Supply & Trading Sàrl, Vernier (Switzerland) has been admitted to trading in wood pellet futures.

EEX – Monthly Figures Report for November 2017

Volumes

Prices and Indices

The European Energy Exchange (EEX) is the leading energy exchange in Europe which develops, operates and connects secure, liquid and transparent markets for energy and related products. As part of EEX Group, a group of companies serving international commodity markets, EEX offers contracts on Power, Emission Allowances and Coal as well as Freight and Agricultural Products. EEX is part of Deutsche Börse Group.