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The European Energy Exchange (EEX) successfully continued the expansion of its natural gas markets and again achieved record results in January. “The growth in this segment is driven by the liquid 24/7 Spot Market which we offer for the GASPOOL, NCG and TTF market areas”, explains Peter Reitz, Chief Executive Officer of EEX.
With a traded volume of 7,160,518 MWh (up from the previous record of 4,342,162 MWh in December 2012), EEX achieved a new monthly record in short-term trading. Hence, the Spot Market volume from January 2012 was doubled (3,575,272 MWh).
Further to this, a new daily record was achieved at 515,440 MWh on 18 January 2013. In addition to the high liquidity which has evolved on the NCG and TTF Spot Market since 2011, the considerable increase in trade volumes within the GASPOOL market area contributed significantly to the monthly record volume. Compared with January 2012, the traded volume for the GASPOOL area increased by 213 percent, the turnover in the NCG area increased by 79 percent while traded volumes in the TTF area rose by 59 percent. In the TTF exchange market, EEX reached a market share of 72 percent.
“The growing number of trading participants concluding transactions in 24/7 trading on the Natural Gas Spot Market outside the core opening hours of the exchange testifies to the growing importance and acceptance of 24/7 trading for the gas market”, emphasizes Reitz. In January, 40 participants traded a total of 2,197,455 TWh outside the core opening hours and, thus, accounted for a share of 31 percent.
For long-term gas trading, EEX has won a new liquidity provider. Since mid-January, LEAP Trading Ltd. has accessed the EEX gas market via the EEX/Eurex co-operation and supports the Natural Gas Derivatives Market by submitting quotes.
The European Energy Exchange (EEX) is the leading energy exchange in Europe. It develops, operates and connects secure, liquid and transparent markets for energy and related products on which power, natural gas, CO2 emission allowances and coal are traded. Clearing and settlement of all trading transactions are provided by the clearing house European Commodity Clearing AG (ECC). EEX is a member of Eurex Group.
