EEX: Phelix-DE Futures record highest volume since launch of trading
In August 2017, the European Energy Exchange (EEX) achieved a total volume of 178.9 TWh on its power derivatives markets (August 2016: 199.0 TWh). The August volume comprised 94.3 TWh traded at EEX via Trade Registration with subsequent clearing. Clearing and settlement of all exchange transactions was executed by European Commodity Clearing (ECC). At 22.9 TWh, EEX recorded its highest volume in Phelix-DE Futures since launching these products in April 2017, further demonstrating that the Phelix-DE futures are quickly establishing themselves as the new benchmark in European power.
Emission Allowances
On the EEX Market for emission allowances, traded volumes in August increased by 150% to 85.7 million tonnes of CO2 (August 2016: 33.0 million tonnes of CO2). Primary market auctions contributed 41.8 million tonnes of CO2 to the total volume. On the EUA derivatives market, volumes increased 6-fold to 36.8 million tonnes of CO2 (August 2016: 6.0 million tonnes of CO2). On the spot market for emission allowances, trading volumes nearly doubled to 48.8 (August 2016: 27.0 million tonnes of CO2). This increase is driven by both the primary market auctions (+79%) as well as the secondary market (+92%).
Agricultural Products
Throughout August, a total of 5,773 contracts was traded in agricultural products (August 2016: 5,959 contracts). The total volume includes 2,228 contracts (equal to 11,140 tonnes) from dairy products which is 66% more than in the previous year. Furthermore, in mid-August the volume on the EEX dairy derivatives market already surpassed the total volume traded in 2016. In processing potatoes, a volume of 3,545 contracts (equal to 88,625 tonnes) was traded.
Global Commodities
In freight futures which are available for trade registration, EEX recorded a volume of 3.025 contracts in August.
New Participants
In August, EEX admitted EEX ADM Investor Services International Ltd., London, und Alcanzia Energia S.L.U., Valencia, as new trading participants. METAENERGIA S.p.A., Rome, extended its admission to the CO2 derivatives market while Vattenfall Energy Trading GmbH, Hamburg, was admitted to the CO2 spot market. Uniper Global Commodities SE, Düsseldorf (Germany) extended its admission to power trading for Spain, Italy, Greece and the Nordic market. Castleton Commodities Merchant Europe Sàrl, Genf, is a new trading participant for freight.
The European Energy Exchange (EEX) is the leading energy exchange in Europe. It develops, operates and connects secure, liquid and transparent markets for energy and commodity products. At EEX, contracts on Power, Coal and Emission Allowances as well as Freight and Agricultural Products are traded or registered for clearing. Alongside EEX, EPEX SPOT, Powernext, Cleartrade Exchange (CLTX), Gaspoint Nordic, Power Exchange Central Europe (PXE) and Nodal Exchange are also part of EEX Group. Clearing and settlement of trading transactions are provided by the clearing house European Commodity Clearing (ECC) and by Nodal Clear in the United States. EEX is part of Deutsche Börse Group.
More information: www.eex.com
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