EEX Gas Trading: Record Volumes in July

Volumes of June doubled - already more than 50 participants admitted to natural gas trading on the exchange

Leipzig, (PresseBox) - Natural gas trading on European Energy Exchange AG (EEX) has reached a new record level in July. The trading volume on the Spot and Derivatives Market (BEB and E.ON GT market areas) has doubled to 3,954,989 MWh compared with the preceding month (1,734,760 MWh) and, hence, reached a new peak. The highest volume for one day on the Spot Market amounted to 7,680 MWh (15 July 2008) and the highest volume for one day on the Derivatives Market amounted to 723,150 MWh (22 July 2008).

By now, 52 trading participants have been admitted to trading on the natural gas mar-ket of EEX and further companies are in the process of licensing. "This positive dynamic development with regard to both the trading volumes and the trading participants shows that EEX is on the right track. It shows that the measures we have taken to develop natural gas trading on the exchange are bearing fruit", Oliver Maibaum, Senior Vice President Customer Relations at EEX, emphasizes.

European Energy Exchange AG

EEX operates Spot and Derivatives Markets for energy and related products. With more than 200 trading participants from 20 countries it is the energy exchange in continental Europe which boasts the biggest number of trading participants and the highest turnover. While coal is only quoted on the Derivatives Market, power, gas and CO2 emission rights are traded both short-term on the Spot Market and long-term on the Derivatives Market with a time horizon of up to six years into the future. Clearing of exchange and over-the-counter transactions (OTC clearing) is provided by Euro-pean Commodity Clearing AG (ECC). ECC is the clearing house of EEX and its partner exchanges.

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