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Admission to Trading and Clearing
How to start trading?
In order to trade on the EEX Group markets, companies must complete the admission process of the respective exchange.
In addition to membership at EEX, admission to clearing at ECC is also required. In its role as a central counterparty, ECC positions itself between the seller and the buyer and assumes the counterparty risk.
Why get admitted to EEX?
Companies which are admitted to trading in energy and related products on EEX are granted access to liquid spot and derivatives markets as well as a broad network of trading participants.
- A one-stop shop clearing solution for a wide range of products such as power, emissions, natural gas as well as freight, and agricultural products
- Comprehensive network of trading participants
- Access to the most liquid financial power future referring to the European reference price index - Phelix
- Cross-margining savings across all positions at the clearing house ECC
Participation in the Regulated Market
A regulated market is an organised and official market in which the conditions for admission and related responsibilities are regulated by law. These are established in the sense of the Securities Trading Act (section 2 para. 11 WpHG) and, therefore, in accordance with EU legislation and EU standards. The regulated EEX market provides high standards in cooperation with global supervisory authorities.
Admission Process and Fees
Preconditions for admission
In order to become an EEX participant various admission requirements must be met. The preconditions for admission as a trading participant at EEX are regulated in section 14 et seq. of the EEX Exchange Rules as well as in section 19 (4) of the German Exchange Act (BörsG).
- Recognition as a trading participant by the clearing house of EEX, European Commodity Clearing AG (ECC)
- Proof of personal reliability and professional qualifications of the person(s) holding management authority
- Proof of liable equity of at least € 50,000 (not applicable to Primary Auction Only Membership)
- Technical connection to the trading system(s)
What are the steps for admission in detail?
Admission requirements and detailed instructions are provided by EEX Client Services. The admission process typically follows the phases outlined below:
| Phase | Scope | Admission Scope |
|---|---|---|
| ECC KYC Review ECC Technical Setup | Regulatory due diligence Admission documentation | Admission to our Clearing House ECC |
| EEX Reporting Services Technical Setup EEX Operational Readiness | Connectivity and reporting enablement Trading and Operational Setup | Admission at the Exchange |
Prices and fees
Membership options
EEX AG charges trading participants of EEX the following membership fees for the use of the spot and futures markets operated by EEX (participation in order book trading and/or trade registration and/or auction trading).
| Membership | Products/ Content |
|---|---|
| EEX Full Membership | Participation in trading in all products of EEX |
| EEX Power Plus Membership | Participation in trading in all products of EEX, however on the Natural Gas market limited to the products of the Emerging Natural Gas Markets |
| EEX Natural Gas Plus Membership | Participation in trading in all products of EEX, however on the Power market limited to the products of the market area Great Britain |
| Environmental and Emerging Markets Membership | Participation in trading in the following products only: Emission Rights on EEX Spot Markets (primary and secondary markets) and Derivatives Markets, EEX FIN, LTU and LVA-EST Natural Gas Products; Power GO Futures, Nordic Power products as well as agricultural and freight products |
| Primary Auction Only Membership | Participation only in primary auctions of Allowances on the Spot Market |
| nEHS Auction & Sale Only Membership | Participation only in primary auctions of German national Emissions Trading Scheme (nEHS) Certificates on the EEX Spot Market and in the sale of these certificates outside the regulated market |
Further details on the cost of the various membership options are provided in our current price list.
An overview of the products in each membership package can be found in the Overview Membership Packages.
Get admitted to clearing
In addition to exchange membership, admission to clearing at ECC is also required.
You can find all forms for admission to clearing on ECC's website at Access > Admission Forms.
