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EEX: Options trading for four additional power markets to be launched on 27 August
New options for France, Italy, Spain and the Nordic Market - Trading volume in German Power Options more than doubled
Dr. Tobias Paulun, Chief Strategy Officer of EEX, explains: "On the French and Italian power market, in particular, the EEX market shares have increased significantly in recent months. As a result, many of our participants have asked for the introduction of option products for these markets and we are pleased that we can now fulfil this demand with our new offering. We want to strengthen our existing products in the Nordic region with the new power options for this region."
In the first half of 2015, the average market share of EEX on the French Power Derivatives Market rose to 21 % (first half of 2014: 6 %), while the share on the Italian market rose to 45 % (first half of 2014: 9 %). This information is based on the volumes which are published by the exchanges or the London Brokers Association (LEBA) every month.
At present, EEX offers options on power futures for the German/Austrian delivery area, (Phelix Options). In the first half of 2015, the trade volume increased by 123 % (26.4 TWh) compared with the same period in 2014 (1st half of 2014: 11.8 TWh).
The EEX option products include the contractual right to purchase (call option) or sell (put option) a power future at a certain price and at a specific time in the future. As a result, the trading participants can efficiently reflect expected price fluctuations on the market in their portfolio.
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