Following the request of its members, PEGAS has launched on 1st October a Front Month contract on PEG Sud together with its related cleared geographical PEG Sud / PEG Nord spread supported by GDF Suez and Total Gas and Power as Market Makers.
The first PEG Sud November 2013 transaction was concluded at 10:15 for a volume of 720 MWh at 29.70 Euros/MWh. The first PEG Sud / PEG Nord November 2013 spread transaction was completed a few seconds later for a volume of 720 MWh at 1.90 €/MWh. Bid and Ask spreads, as tight as 0.05 €/MWh have been observed on the platform during the trading session. A total volume of 79 200 MWh was traded on this launch date on the PEG Sud Futures market segment, including 57 600 MWh for the PEG Sud / PEG Nord spread.
Jean-François Conil-Lacoste, CEO of Powernext, comments: “PEGAS is further extending its product offering with this new PEG Sud Front Month contract, responding to the needs of its members through the fast implementation of new products and features.”
The entire natural gas offering of EEX and Powernext is available for trading on the PEGAS platform launched in May 2013, including spot and derivatives products for the market areas GASPOOL, TTF, NCG, PEG Nord and PEG Sud as well as spot products for the PEG TIGF market area.
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PEGAS: Successful Launch Of PEG Sud Natural Gas Front Month Contract
Date 03/10/2013