EEX: REMIT Reporting Service Launched

The European Energy Exchange (EEX) has started the REMIT data reporting service. Being officially approved as Registered Reporting Mechanism, the service covers the provision of trading data for the organised market places EEX, Gaspoint Nordic and Powernext.

Almost 250 trading members have already subscribed to the new reporting services, with more than 150,000 data sets having been reported to the Agency for the Cooperation of Energy Regulators (ACER). The transfer of data includes all trades concluded or entered via the trade registration function, as well as orders. Furthermore, EEX supports connectivity to third party RRMs such as RegisTR, Trayport and EFETnet, which provides market participants with even more flexibility in delegating their reporting requirements.

Dr. Tobias Paulun, Chief Strategy Officer of EEX Group, comments: “The implementation of reporting services according to REMIT poses a big challenge for the market. We are committed to supporting our customers at this important time.”
The launch was supported by Seven2one Informationssysteme GmbH which provides the technical application for the compliance services at EEX Group.

From 7 October 2015, all market participants active in wholesale trading on organised market places have to report the respective trading data. The data is used by ACER for monitoring the energy wholesale markets with regard to market manipulation and insider trading.