The European Energy Exchange (EEX) has successfully completed the migration of the Agricultural Futures previously listed at Eurex Exchange to its platform.
On 8 May 2015, all open positions in Agricultural Derivatives were migrated to the European Commodity Clearing (ECC) clearing house and yesterday, trading in Agricultural Futures was launched on EEX. As a result, financially settled futures on butter, piglets, potatoes, skimmed milk powder, whey powder and hogs will supplement the product portfolio of the exchange. These Agricultural Products offer participants from the agriculture and food sector the possibility to reduce price risks and hedge costs.
“We continue our diversification strategy with the introduction of these Agricultural Products and expand our product range with further commodities. As a result, our trading participants are given access to a broader product offering and can make even better use of the synergetic effects between these products, for example, in clearing.”, comments Peter Reitz, CEO of EEX.
EEX publishes the prices and volumes of the new contracts in the “Market data” section on its website.
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 commodities 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, APX-Belpex, EPEX SPOT, 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).