On 1 March 2010 European Energy Exchange AG launched trading of the Within-Day product on the Natural Gas Spot Market as scheduled.
On the first day of trading the EEX participants showed a wide interest in intraday trading. The Within Day trading volume amounted to 40,068 MWh (GASPOOL and NCG market areas) comprising a total of 49 concluded trades. 13 member companies actively participated in trading including advanced energy trading, Danske Commodities, EconGas, Energiehandelsgesellschaft West, Enovos Deutschland, E.ON Energy Trading, NetConnect Germany, optimization engineers, PCC Energie, Syneco Trading, Technische Werke Ludwigshafen and VNG – Verbundnetz Gas.
The launch of the Within-Day contract expands the EEX Spot Market for natural gas and constitutes a further step towards the integration of control energy trading on the exchange. The product enables the trading participants to trade natural gas for the current gas delivery day for the GASPOOL and NCG market areas in the course of the day. The delivery period comprises the remaining hours of the respective current natural gas delivery day minus a lead time of three hours until the respective next full hour.
Currently, 80 participants are admitted for trading in natural gas on EEX (71 participants are licensed on the Spot Market and 59 participants are licensed on the Derivatives Market).
The European Energy Exchange AG (EEX) is the leading energy exchange in Continental Europe and operates market platforms for trading in power, natural gas, CO2 emission rights and coal. To this end EEX relies on an open business model which generates higher flexibility and market coverage and thus bundled liquidity through targeted spin-offs and partnerships. Through this systematic expansion of co-operations, EEX makes a decisive contribution to the integration of the European energy markets. EEX Group also includes European Commodity Clearing AG (ECC), the central clearing house for energy and related products in Europe.
