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The trade volume on the Natural Gas Spot Market of European Energy Exchange AG (EEX) has reached a new record level in October. At a volume for the month of 564,861 MWh (GPL and NCG market areas) the highest volume for any month since the launch of trading has been achieved (October 2008: 118,890 MWh). The highest volume for a day (93,888 MWh) was achieved on 29 October.
The Gaspool market area accounted for 20,386 MWh and the NetConnect Germany market area accounted for 544,475 MWh of the total volume on the Spot Market. In October a total of 697 trades was concluded, which corresponds to more than a doubling of the number of trades as against the previous month (September 2009: 310 trades).
Currently, 75 trading participants are admitted to natural gas trading on EEX. EEX sees the fact that more and more companies which are already trading other products of the exchange are applying for admission to natural gas trading as a positive signal. At the moment, 65 trading participants are licensed to trade on the Spot Market and 57 trading participants are licensed to trade on the Derivatives Market.
The European Energy Exchange AG (EEX) is the leading energy exchange in Continental Europe and operates market platforms for trading in power, natural gas, CO2 emission allowances and coal. To this end, EEX relies on an open business model which generates higher flexibility, increased market coverage and bundles liquidity through targeted spin-offs and partnerships. Through this systematic expansion of cooperations, EEX makes a decisive contribution to the integration of the European energy markets. EEX Group also includes European Commodity Clearing AG (ECC), a leading clearing house which operates throughout Europe and whose range of services comprises clearing and settlement of energy exchange transactions concluded on EEX and its partner exchanges as well as OTC transactions.
