The European Energy Exchange (EEX) welcomes Belektron d.o.o., Ljubljana, as a new Market Maker on the Spot Market for EU Allowances (EUA). Belektron who joined trading on the EEX emissions markets in July 2012 quotes on the EUA Secondary Spot Market since the beginning of this month.
“We are glad that Belektron is a new Market Maker for us”, says Steffen Köhler, Chief Operating Officer of EEX. “This supports EEX in providing competitive market prices which make trading on our market more attractive for further participants.”
Boštjan Bandelj, Director of Belektron, adds: “During recent years Belektron managed to position itself as one of the largest independent traders of emission allowances. Market making in EUAs on EEX marks another step for Belektron in expanding our presence in global carbon markets. We are looking forward to working together with EEX towards increasing liquidity in the secondary EUA market.”
In 2014, the total volume traded on the Secondary Spot Market for Emission Allowances (EUA, EUAA, ERU, CER) amounted to 29.3 million tonnes of CO2. This represents an increase of 6 percent compared to the previous year (2013: 27.5 million tonnes of CO2). A large share of the volume traded on the Secondary Spot Market was traded in EUA contracts (2014: 26.2 million tonnes of CO2).
Furthermore, EEX will migrate trading on the Spot Market for CO2 Emission Allowances (EUA, CER, EUAA) to the T7 trading system. This enables the exchange to offer further spread products for the Emissions Markets. This will comprise additional time spreads, spreads between spot and derivatives products as well as spreads between different products.