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Launch Of EPEX Spot Trading System (ETS) In France

Date 30/06/2010

The fourth meeting of EPEX Spot Exchange Council chaired by Dr. Günther Rabensteiner was held on June 23, 2010 in Leipzig. The main topics discussed were:
  • Successful launch of EPEX Spot Trading System in France – Germany/Austria and Switzerland will follow
  • The amendments to Exchange Rules and the Code of Conduct
  • Study on the technical price limits

The EPEX Spot Trading System (ETS) has been successfully launched on the French Day Ahead Market on June 16, 2010. In this context information on exchange owned data will be available on the EPEX Spot website also for the French market area. This encompasses the number of active participants, the number of buyers and sellers, the number of net buyers and net sellers, as well as a list of submitted blocks characteristics and status (executed or rejected) on the FTP-Server. The implementation of ETS for the German/Austrian and Swiss market area is planned for end of August/beginning of September.

The main modifications of the Exchange Rules concern the introduction of the formal possibility to trade for several Exchange Members. In addition, the Exchange Council members agreed to further strengthen the admission criteria and specification of information rights pertaining to the Market Surveillance office, such as the submission of documents or hearing of persons. The amendments allow EPEX Spot a greater overview and surveillance on the market participants and contribute to the prevention of VAT fraud and money laundering attempts. The current EPEX Spot’s Market Rules and Regulations can be found here: http://www.epexspot.com/en/download-center

The Exchange Council members discussed thoroughly the different market coupling projects where EPEX Spot is involved. They welcomed the efforts made for a simultaneous launch of CWE and the Interim Tight Volume Coupling (ITVC) solution as close as possible to 7th of September, and the progress made in the Price Coupling of Regions enduring solution project.