Thursday March 16 2017

News Source: Global Exchanges

Focus: Derivative Market Segment

Type: General




The European Energy Exchange (EEX) successfully extended its product offering on the power derivatives market by launching Swiss Power Base Day and Weekend Futures.

On the first day of trading a total of 5,400 MWh was traded in Swiss Base Day Futures. The first transaction in the Day Futures contract with a volume of 600 MWh was brokered by ARRACO Global Markets Ltd and concluded between Danske Commodities A/S and NEAS Energy AS.

Swiss Power Base Day and Weekend Futures complement the existing Futures product range for the Swiss market which includes weekly, monthly, quarterly and yearly delivery periods.

Additionally, EEX also launched German Intraday Floor Futures, expanding the Energiewende product suite. These contracts complement the existing Cap Futures and allow participants to hedge against particularly low prices in the German intraday market.

All new contracts are financially settled and integrated within the Cross-Margining system of EEX’s clearing house European Commodity Clearing (ECC).

Click on the link above for further details.