EEX: New Maturities for Phelix Base Year Options available from 28 June

(PresseBox) ( Leipzig, )
From 28 June of this year the trading participants of EEX Power Derivatives will be able to trade additional maturities for options on the Phelix Base Year Future. In addition to the expiry date in December of any given year, which is currently available, quarterly expiry dates are now also offered for Phelix Base Year options with the socalled Short Dated Options.

"With the expanded maturities the trading participants can implement hedging and risk strategies through options at shorter notice", Oliver Maibaum, Managing Director Exchange of EEX AG, explains. An option regarding the purchase or sale of a Phelix Baseload Year Future can now also be exercised at the end of March, the end of June and the end of September in addition.

EEX Power Derivatives GmbH is a majorityowned subsidiary of European Energy Exchange AG (EEX), which was established as of 1 January 2008. EEX Power Derivatives operates the German and the French Power Derivatives Market and, hence, has a central position in Continental European power trading.
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