The European Energy Exchange (EEX) will launch trading in Power Options for France, Italy, Spain and the Nordic Market on 27 August 2015. This new offer comprises European-style options on month, quarter and year contracts (each for the base load) for these countries.
Dr. Tobias Paulun, Chief Strategy Officer of EEX, explains: “On the French and Italian power market, in particular, the EEX market shares have increased significantly in recent months. As a result, many of our participants have asked for the introduction of option products for these markets and we are pleased that we can now fulfil this demand with our new offering. We want to strengthen our existing products in the Nordic region with the new power options for this region.”
In the first half of 2015, the average market share of EEX on the French Power Derivatives Market rose to 21 % (first half of 2014: 6 %), while the share on the Italian market rose to 45 % (first half of 2014: 9 %). This information is based on the volumes which are published by the exchanges or the London Brokers Association (LEBA) every month.
At present, EEX offers options on power futures for the German/Austrian delivery area, (Phelix Options). In the first half of 2015, the trade volume increased by 123 % (26.4 TWh) compared with the same period in 2014 (1st half of 2014: 11.8 TWh).
The EEX option products include the contractual right to purchase (call option) or sell (put option) a power future at a certain price and at a specific time in the future. As a result, the trading participants can efficiently reflect expected price fluctuations on the market in their portfolio.
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 (incl. APX-Belpex), Powernext, Cleartrade Exchange (CLTX) and Gaspoint Nordic are also part of EEX Group. Clearing and settlement of trading transactions are provided by the clearing house European Commodity Clearing (ECC). -
The European Energy Exchange (EEX) will launch trading in Power Options for France, Italy, Spain and the Nordic Market on 27 August 2015. This new offer comprises European-style options on month, quarter and year contracts (each for the base load) for these countries.
Dr. Tobias Paulun, Chief Strategy Officer of EEX, explains: “On the French and Italian power market, in particular, the EEX market shares have increased significantly in recent months. As a result, many of our participants have asked for the introduction of option products for these markets and we are pleased that we can now fulfil this demand with our new offering. We want to strengthen our existing products in the Nordic region with the new power options for this region.”
In the first half of 2015, the average market share of EEX on the French Power Derivatives Market rose to 21 % (first half of 2014: 6 %), while the share on the Italian market rose to 45 % (first half of 2014: 9 %). This information is based on the volumes which are published by the exchanges or the London Brokers Association (LEBA) every month.
At present, EEX offers options on power futures for the German/Austrian delivery area, (Phelix Options). In the first half of 2015, the trade volume increased by 123 % (26.4 TWh) compared with the same period in 2014 (1st half of 2014: 11.8 TWh).
The EEX option products include the contractual right to purchase (call option) or sell (put option) a power future at a certain price and at a specific time in the future. As a result, the trading participants can efficiently reflect expected price fluctuations on the market in their portfolio.
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 (incl. APX-Belpex), Powernext, Cleartrade Exchange (CLTX) and Gaspoint Nordic are also part of EEX Group. Clearing and settlement of trading transactions are provided by the clearing house European Commodity Clearing (ECC).