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"In our preparations for the derivatives market, we are benefitting from our experience with the introduction of the spot market," said the two EEX Executive Board members Christian Geyer and Hans E. Schweickardt. Twenty-eight participants from six countries are currently trading an average of about 100,000 megawatt hours (MWh) per week on the spot market. "EEX will complete its preparations for the derivatives market launch this year." EEX wants to set the date for the market launch together with the participants and the status of our participants' preparations is decisive for the launch," as EEX indicated.
Trading in electricity futures products will be carried out on the system of the Eurex derivatives exchange. EEX will start out with two cash-settled futures contracts on baseload and peak-load blocks.
All trading sequences will be tested with the participants during the simulation. The simulation is divided into two phases. During the first two days, on Monday and Tuesday, each participant will receive individual guidance and assistance in the test of the most important trading functions. In the second phase, as of 25 October, the participants individually simulate trading on the derivatives market.
