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Three years after its launch, the exchange gas spot market on the Dutch TTF (Title Transfer Facility) hub continues to grow at a high level. In May 2014, new records in terms of the monthly volume, the number of active trading participants and the number of registered trades were achieved on the TTF Spot Market.
On the Within-Day and Day-Ahead markets of the TTF market area, more than 5 TWh of natural gas were traded for the first time in May. The total volume of 5.3 TWh comprises 1.1 TWh from Within-Day trading and 4.2 TWh from Day-Ahead trading. In May, 52 participants were active in 3,176 trades. Currently, 62 participants are admitted to trading on the TTF Spot Market.
“The successful market entry on the TTF Spot Market testifies to the fact that based on innovative products and the support of market participants EEX can hold its ground against the competition with other exchange and over-the-counter trading platforms. We have now transferred the TTF Spot Market to the PEGAS platform and, as the platform with the highest liquidity for this market area, we have become the clear market leader”, explains Peter Reitz, Chief Executive Officer of EEX. With a volume of 19.0 TWh, PEGAS achieved a market share of 83 percent in exchange trading on the Dutch Spot Market from January to May 2014. In the Within-Day market, the market share amounted to even 98 percent.
Furthermore, Within-Day trading, in particular, is of special importance in safeguarding the security of supply in the framework of the “European Network Code on Gas Balancing of Transmission Networks (BAL)”. This market segment enables gas traders and gas transmission system operators to balance the balancing accounts in standardised products on a market price basis.
Jean-Francois Conil-Lacoste adds: “PEGAS is proud to offer the trading participants high liquidity for safe and reliable portfolio optimisation both on the TTF Spot Market and on the other PEGAS Spot Markets. We will continue this successful development with the introduction of new products, such as the 24/7 services on the French spot markets (PEGs) and, in the near future, on the Belgian spot markets.”
