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European Energy Exchange (EEX) is a European market for energy and related products with an international orientation. The participants on the exchange can trade via an open and cost-effective electronic access on equal terms on the energy exchange which boasts the biggest turnover and the highest number of trading participants in Europe.
EEX operates Spot Markets for power, gas and emission rights as well as Derivatives Market on which futures and options on power, gas, emission rights and coal can be traded.
EEX is an exchange under the German Exchange Act and a regulated market within the meaning of MiFID. EEX has the following executive bodies: the Exchange Council, the Management Board of the Exchange and the Market Surveillance.
In Germany, an exchange is established as a public institution with a partial legal capacity upon granting of the corresponding exchange licence by the exchange supervisory authority. The Exchange Supervisory Authority which is in charge of EEX is the Saxon Ministry for Economic Affairs and Labour (SMWA) in Dresden.
EEX is characterized by liquidity, transparency and fairness in pricing and this creates the confidence which the trading participants place in EEX. Safeguarding this is the central task of EEX and of its executive bodies.
For this reason, EEX has established a set of Exchange Rules, which are binding for the exchange and for all trading participants, on the basis of the German Exchange Act. The Exchange Rules lay down the essential provisions regarding the organisation of the exchange, the tasks of its executive bodies and the preconditions for access to trading in the form of statutes. The trading conditions govern the trading process, while the contract specifications as a part of the trading conditions determine precisely what is traded on the exchange. Only persons with a sufficient qualification may trade on EEX. This is safeguarded by the examination rules for the trader examination.