Wednesday September 25 2013
News Source: Global Exchanges
Focus: General - Global Exchanges
Type: General
Country: European Union
Link: http://cdn.eex.com/document/146393/20130925%20Change%20EEX%20model%20for%20membership.pdf
On 1 January 2014, the European Energy Exchange (EEX) will introduce a new fee model for exchange membership. With this fee model, EEX will re-structure the cost of annual membership and significantly reduce the fees for becoming a trading participant on the exchange.
The number of membership categories will be reduced from currently eight to five categories. EEX will also offer all new trading participants on the exchange a “Welcome Package” from 1 January 2014. As a result, the barriers to market entry will be lowered: New trading participants will not pay annual fees for the first 12 months and they will receive up to three technical accesses to the trading system free of charge. Moreover, the fees for technical connections will change: In the future, fees will not be charged for a base connection to the EEX trading systems. Therefore, participation in trading on EEX will be possible free of charge in the first year of membership.
The new membership categories and the “Welcome Package” facilitate the access to exchange trading for new market actors and, among those, also smaller companies which are specialised on certain markets. EEX transaction fees will not be affected by the fee model.
Click on the above link for more details.