The European Energy Exchange (EEX) and Powernext are pleased to announce the launch of PEGAS, the natural gas trading cooperation between EEX and Powernext. In the framework of the cooperation, the trading participants can trade both exchanges´ natural gas products on a common trading platform, the Trayport® Exchange Trading System℠ (ETS).
“The launch of PEGAS forms a big step towards an integrated European Natural Gas Market”, said Peter Reitz, Chief Executive Officer of EEX.
“The PEGAS cooperation is a response to the trading participants’ need for a consolidation among the trading platforms”, emphasises Jean-François Conil-Lacoste, Chief Executive Officer of Powernext.
From today, all Powernext Natural Gas Products (TTF Futures, PEG Nord Spot and Futures, PEG Sud Spot and PEG TIGF Spot) are tradable on the common PEGAS platform. All EEX products are also available for mapping and testing on the PEGAS server from 29 May onwards. EEX Natural Gas Products will be activated for trading in several stages, thereby guaranteeing a smooth migration of EEX Products to the new platform and giving trading participants sufficient time to prepare. EEX’s 10 MW Natural Gas Futures for the GASPOOL market area will be transferred to PEGAS on 4
June, and therefore spread trading between the market areas of GASPOOL and TTF will be possible for the first time.
Furthermore, the other EEX Natural Gas products (NCG Spot and Futures, GASPOOL Spot, TTF Spot and the related spread products) will migrate to the PEGAS platform within the next few weeks, subject to member readiness.
