The European Energy Exchange (EEX) has launched trading in new short-term power derivatives, the Phelix Day and Weekend Futures.
The new Day and Weekend Futures complement the existing cash settled Phelix Futures for Germany/Austria available for trading on a weekly, monthly, quarterly and yearly basis, closing the gap between the Spot and Derivatives Market.
The launch is in response to the trend towards more flexibility and short-term trading on the Derivatives Market.
EEX develops, operates and connects secure, liquid and transparent markets for energy and related products on which power, natural gas, CO2 emission allowances and coal are traded.
The German and the French Power Derivatives Market is operated by EEX Power Derivatives, a company in which EEX holds 80 per cent and Powernext holds 20 per cent.
Clearing and settlement of all trading transactions are provided by the clearing house European Commodity Clearing. EEX is a member of Eurex Group.
