The European Energy Exchange (EEX), Europe’s leading energy exchange, aims to expand its presence in the US market. Therefore, EEX and the derivatives marketplace Eurex Exchange have launched a joined incentive program to win more Eurex participants from the United States, who will also trade on the EEX. In the framework of the existing co-operation, Eurex participants can use the current infrastructure and a simplified admission process to trade and clear the power, natural gas, emissions and coal products offered by EEX.
As an incentive for this expanded partnership, EEX and Eurex will not charge the annual fee of 12,500 Euro (for trading on all EEX markets) for the year 2013. This program is valid for US based companies which become a member between 1 January and 30 June 2013. In the framework of this incentive EEX will also provide the companies with one-year free access to the info products on the “Transparency in Energy Markets” platform. This will allow prospects to get an overview on the fundamentals of the German power market. Furthermore, up to two traders from a trading participant will receive the Exam Training and System Training free of charge.
“With this initiative we react to the increasing requests from American participants. To raise our distribution in the North American area, we are working on connecting more independent software providers (ISVs) to our trading infrastructure” said Steffen Köhler, Chief Operating Officer of EEX.
Currently EEX has 223 trading participants from 22 countries – thereof 218 participants are based in Europe. Eurex Exchange has overall approx. 430 participants from 33 countries including 80 exchange members based in the United States.
