DGAP-News: EEX: 24/7 Gas Trading Launched Successfully
(firmenpresse) - DGAP-News: European Energy Exchange AG / Key word(s): Product
Launch/Miscellaneous
EEX: 24/7 Gas Trading Launched Successfully
31.05.2011 / 14:25
---------------------------------------------------------------------
EEX: 24/7 Gas Trading Launched Successfully
First transactions concluded in the new TTF market area
Leipzig, 31 May 2011 - Yesterday, the European Energy Exchange (EEX)
successfully launched 24/7 gas trading and, at the same time, expanded the
GASPOOL and NCG market areas connected to exchange trading with the Dutch
TTF market area.
On account of the introduction of 24/7 trading gas transactions can now be
traded on EEX without any interruptions 24 hours a day and 7 days a week.
With the simultaneous launch within the new TTF market area EEX also
increases the degree of integration of control energy trading on the
exchange, since the market area operators can now also trade control energy
at market prices regardless of the respective quality on the weekends and
at night and, thus, further reduce their own control energy costs.
On Monday, a volume of in total 36,988 MWh was sold on the new trading
system on the Natural Gas Spot Market. Overall, 24 companies participated
in trading yesterday. With a traded volume of 528 MWh trading transactions
for delivery into the TTF market area were concluded for the first time.
The first trade in the TTF market area was concluded by ehw
Energiehandelsgesellschaft West and PCC Energie GmbH. Moreover 24/7 Trading
GmbH, Stadtwerke Hannover AG and Syneco Trading GmbH were among the six
active participants in the new TTF area.
'The expansion of trading on the Natural Gas Spot Market to 24 hours a day
and seven days a week further strengthens the importance of EEX as a
trading platform in European gas trading', says Managing Director Exchange
Oliver Maibaum. 'The EEX offer on the Natural Gas Spot Market becomes even
more attractive on account of the flexible trading hours on the exchange,
continuous 1 MW trading and the inclusion of the TTF trading point.'
Settlement of all trading transactions is provided by European Commodity
Clearing AG (ECC), which executes the nomination to the three market area
operators around the clock. Schedule reporting is fully carried out by ECC
and, thus, relieves the trading participants' operative processes. 'The
settlement of 24/7 gas trading underlines the leading role of ECC in the
physical settlement of energy transactions concluded on the exchange. With
the new infrastructure created to this end ECC is reinforcing its core
competence and competitive position in clearing of commodities', explains
CRO Dr. Thomas Siegl.
The European Energy Exchange (EEX) develops, operates and connects secure,
liquid and transparent markets. EEX holds 50 percent of the shares in EPEX
Spot SE, which operates the Spot Market for Power for Germany, France,
Austria and Switzerland. The German and French Derivatives Market for Power
is concentrated within EEX Power Derivatives GmbH, a majority-owned
subsidiary of EEX with registered offices in Leipzig. Furthermore, EEX
offers spot and derivatives trading in natural gas and CO2 emission
allowances as well as trading in financial coal futures. EEX Group also
includes European Commodity Clearing AG (ECC), the central clearing house
for energy and related products in Europe.
Contact:
European Energy Exchange AG
Katrin Berken
Phone: +49 341 21 56 - 202
Fax: +49 341 21 56 - 109E-mail: katrin.berken(at)eex.com
www.eex.com
Augustusplatz 9 | 04109 Leipzig (Germany)
End of financial news
---------------------------------------------------------------------
31.05.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
126962 31.05.2011
Datum: 31.05.2011 - 14:25 Uhr
Sprache: Deutsch
News-ID 34276
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 325 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: EEX: 24/7 Gas Trading Launched Successfully"
steht unter der journalistisch-redaktionellen Verantwortung von
European Energy Exchange AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
