Growing Interest in Trade Registration Service

First Trade Registered in Romanian Power Futures

(PresseBox) ( Leipzig, )
Yesterday saw the first trade in Romanian Power Futures registered on the European Energy Exchange (EEX) for clearing via European Commodity Clearing (ECC). The 10 MW December 13 trade, priced at EUR 37.50 per MWh, was concluded between GEN-I d.o.o. and another trading participant having been matched by the broker TFS Derivatives Limited (TFS). The volume amounted to 7,440 MWh.

"TFS, EEX and ECC have been working closely with the Romanian market participants to offer a service that matches their needs", says Steffen Köhler, Chief Operating Officer of EEX. "We are glad that this service is now received by the traders."

Yesterday's trade registration followed the successful registration of the first Italian Power Futures which have been launched by EEX and ECC in October. The cleared volume in this product now stands at 36,595 MWh.

EEX and ECC additionally offer the registration of Swiss and Scandinavian power trades concluded bilaterally and plan to extend this service to further markets in the future. Market participants benefit primarily from the easing of credit lines and the potential saving effects in the margins to be deposited through cross margining.

European Commodity Clearing (ECC) is the central clearing house for energy and related products in Europe. In its capacity as the central counterparty ECC assumes clearing as well as physical and financial settlement of transactions concluded on CEGH Gas Exchange of the Vienna Stock Exchange, EEX, EPEX SPOT, HUPX and Powernext or registered for clearing on these exchanges.
The publisher indicated in each case is solely responsible for the press releases above, the event or job offer displayed, and the image and sound material used (see company info when clicking on image/message title or company info right column). As a rule, the publisher is also the author of the press releases and the attached image, sound and information material.
The use of information published here for personal information and editorial processing is generally free of charge. Please clarify any copyright issues with the stated publisher before further use. In the event of publication, please send a specimen copy to service@pressebox.de.