EEX gains majority share of volume and open interest in Dry Freight Market

(PresseBox) ( Leipzig, )
The European Energy Exchange (EEX) achieved another milestone in its Freight business today by gaining the majority share of volume in the total Dry Freight market for the first time since launching the business in 2016.

Throughout the month of May, EEX reported a 50.5% volume share of the Dry Freight market (May 19: 3.48%) in addition to a 54% share in Open Interest (May 19: 7.73%) thereby becoming the market leader as the No.1 Exchange in Dry Freight Trading worldwide.

Steffen Koehler, Chief Operating Officer, EEX comments: “In 2016, EEX entered the Dry Freight market with a vision to become the No.1 Exchange in Dry Freight trading worldwide. Over those past 4 years, we have continued to demonstrate our commitment to this market by growing our business and growing liquidity. Today, that original vision has become a reality and I would like to offer my sincere thanks to everyone who believed in us, who supported us and who helped us achieve this fantastic milestone”

Over the past 18 months, EEX Freight has seen consistent and significant growth, achieving a year on year increase of +109% in 2019. Furthermore, in the first quarter of 2020 (Jan-Mar), overall volumes exceeded the volume generated in 2016, 2017, 2018 and 2019 combined. This period of sustained organic growth in addition to the migration of Freight Open Interest from Nasdaq Futures, Inc. (NFX) to European Commodity Clearing (ECC), has resulted in EEX emerging as a the leading exchange in global freight trading.
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