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EEX: New Open Interest record on the Phelix Futures market

600 TWh level exceeded for the first time - New volume record

(PresseBox) (Leipzig, ) On the market for Phelix Futures, which is the benchmark product of the European Energy Exchange (EEX) in the European power market, the Open Interest surpassed the level of 600 TWh for the first time ever, amounting to 604,617,282 MWh on 17 September 2013. The Open Interest constitutes the sum of all open positions in future contracts at a given point of time and is considered an indicator for the liquidity and safety of a market. The previous record for Open Interest was established on 28 October 2011 (588,520,775 MWh).

Since the beginning of September, 127.6 TWh have already been traded on the market for Phelix Futures, with the volume exceeding the 10 TWh mark on five separate days. Thus, EEX will achieve a new monthly record on its Power Derivatives Market in 2013. "The consistently high proportion of the volume directly traded on the exchange in comparison to the volume from the registration of trades for clearing is evidence for the validity and reliability of the EEX price signal," comments Steffen Köhler, Chief Operating Officer at EEX. In September, 54 percent of the volumes traded so far on the Phelix Futures power market have been concluded directly on the exchange.

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, coal and guarantees of origin 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.