IntercontinentalExchange Group (NYSE: ICE), the leading global network of exchanges and clearing houses today announced that ICE Endex, the leading energy exchange in continental Europe, will launch German Power futures and options contracts on June 10, 2014.
The introduction of German Power futures and options is the first new product launch on ICE Endex since the exchange was acquired by ICE and N.V. Nederlandse Gasunie in March 2013. The new contracts offer market users the opportunity to trade and clear UK, German, Dutch and Belgian power contracts on the same platform; and form part of ICE’s extensive global energy offering across oil, natural gas, power, coal and emissions.
The ICE Endex German Power contracts will be physically delivered and available to trade on the ICE trading platform and cleared by ICE Clear Europe. The following contracts will be available for trading:
ICE Endex German Power Base Load Future
ICE Endex German Power Base Load Option
ICE Endex German Power Peak Load Future
Pieter Schuurs, President, ICE Endex said: “The addition of German Power contracts is a significant extension for ICE’s European energy portfolio, providing customers with important cross-product margin efficiencies as the contracts will be cleared alongside more than 800 ICE energy products. The product will also benefit from the wide distribution of the ICE platform, connecting thousands of participants across the global energy markets.”
ICE Endex offers spot and futures markets for European gas and power. In October 2013 the exchange migrated its futures market to the ICE trading platform and ICE Clear Europe; and in April 2014, the Dutch TTF and Belgian ZTP spot markets were transitioned to the ICE trading platform. Most recently, along with operating the market balancing for the Belgian Zeebrugge Trading Point (ZTP) and the UK’s On-the-Day Commodity market (OCM), ICE Endex announced that it had been appointed the balancing market operator for the Netherlands’ TTF, effective from June 3, 2014.
