EEX expands its Product Offering for Power

Italian Futures on the Derivatives Market and Trade Registration for Spain

Leipzig, (PresseBox) - In the framework of its strategy of creating a pan- European offering for energy trading and clearing, the European Energy Exchange (EEX) will expand its product offering on the Power Derivatives Market.

Subject to the approval of the Exchange Council, EEX will introduce order book trading for the Italian power market, which will supplement the existing offer for Trade Registration on this market. From 7 April 2014, financially settled power futures for Italy can be traded as base load and peak load products with week, month, quarter and year maturities. The registration of Italian power futures on EEX for clearing via European Commodity Clearing (ECC) has already been possible since October 2013.

"The Trade Registration service for Italian power has met with an excellent response. Since its launch, over 20 participants have already registered more than two terawatt hours of power for clearing. Therefore, we have decided to expand our offering for Italian power and to also offer trading via the exchange order book of EEX in the future", explains Peter Reitz, Chief Executive Officer of EEX, who adds: "In addition, we also plan to support our Italian customers on site and intend to open an office in Milan."

In the future, EEX will also offer Trade Registration services for Spanish power futures. In December 2013, EEX and ECC established their cooperation with the Iberian OMIP and OMIClear and agreed to introduce cross-listing of their power derivatives products. In the framework of this cooperation, participants will be able to register Spanish base load power futures (weeks, months, quarters and years) on EEX for clearing via ECC from 19 March 2014.

European Energy Exchange AG

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.

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