Vattenfall joins EEX as new Market Maker for Nordic Power
"We are delighted to welcome Vattenfall AB as our new market maker and look forward to working with such a key player in the Nordic market", comments Steffen Köhler, EEX Chief Operating Officer.
"We welcome the initiative of the EEX to set up products for the Nordic market. It will bring additional trading interest to the Nordics and increase liquidity. As one of the key players in the Nordic market, we have always actively contributed to the development of the market and will support this new pool of liquidity by market making", says Niek den Hollander, Head of Business Unit Trading at Vattenfall.
EEX’s offering for Nordic Power offers its market participants the ability to trade contracts with weekly, monthly, quarterly and yearly maturities as well as location spread contracts between Phelix Futures and Nordic Power futures.
In addition to trading and clearing Nordic Power Futures, financially settled contracts for Germany/Austria, France, Italy, Spain, Switzerland, the Netherlands, Belgium and the UK are also available on the EEX Power Derivatives Market as well as contracts for Greece and Romania that are offered for Trade Registration.
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 commodity products. At EEX, contracts on Power, Coal and Emission Allowances as well as Freight and Agricultural Products are traded or registered for clearing. Alongside EEX, EPEX SPOT, Powernext, Cleartrade Exchange (CLTX), Gaspoint Nordic and Power Exchange Central Europe (PXE) are also part of EEX Group. Clearing and settlement of trading transactions are provided by the clearing house European Commodity Clearing (ECC). More information: www.eex.com