Introduction of new products and data sources

Powernext and ECC to Introduce Measures to Further Strengthen Liquidity in TTF Futures on PEGAS


Paris/Leipzig, 15 February 2016 – Powernext and the clearing house European Commodity Clearing (ECC) are to introduce a series of new measures throughout 2016 in order to further accelerate the positive development of the TTF futures market .

In 2015, the volumes traded on the TTF derivatives market via the PEGAS platform operated by Powernext increased to 429 TWh compared to 150 TWh in 2014. In addition, PEGAS set a new record with more than 100 TWh being traded in one month in January 2016.

Egbert Laege , CEO of Powernext, comments: “These new TTF initiatives will benefit our entire customer base and also attract further customers to trade on this market, thus further strengthening our position on the TTF.”

A set of measures has been decided for this initiative:

- Today, the TTF futures market is mainly used for hedging purposes. Therefore, Powernext and ECC will further facilitate physical delivery on this hub. From 1st March, ECC will reduce fees for physical delivery for TTF Futures.

- Due to increased customer demand, trading hours on PEGAS will be extended in Q2 when the market will begin trading at 8am.

- Furthermore, in order to address the needs of the financial community Powernext will ease connectivity to the PEGAS platform by enhancing technical connection to the back-end. PEGAS will introduce trading limits for derivatives in Q2 2016 in order to enable participants and clearing banks to better control their risk positions on PEGAS futures.

- Additionally new initiatives will be introduced in the third quarter which will give traders better flexibility when closing open physical positions.

- The product portfolio will also be expanded in Q2, giving traders the option to trade TTF four years ahead (Calendar +4).

- Lastly, STP OTC registration will be further rolled out to strengthen the clearing of off-exchange business.

 

Further product initiatives are planned and will be announced in the course of the year.

Powernext is a regulated market operating under AMF supervision. Powernext manages the natural gas activities of the EEX Group under the PEGAS brand throughout Europe, and operates the National Registry for electricity guarantees of origin in France. For more information: www.powernext.com

PEGAS is the central gas trading platform of EEX Group operated by Powernext. PEGAS provides its members with access to all products on one single platform and allows them to trade natural gas contracts in the Belgian, Dutch, French, German, Italian and UK market areas. The product range of PEGAS covers spot and derivatives contracts for the major European gas hubs as well as trading in location spread products between these market areas. This setup enables market harmonisation and forms the preferred pan-European natural gas market. For more information: www.pegas-trading.com

European Commodity Clearing (ECC) is the central clearing house for energy and related products in Europe. In its capacity as the central counterparty ECC assumes clearing as well as physical and financial settlement of transactions concluded on CEGH Gas Exchange of the Vienna Stock Exchange, EEX, EPEX SPOT, HUPX, Gaspoint Nordic, NOREXECO, Powernext and Power Exchange Central Europe, or registered for clearing on these exchanges. www.ecc.de

Data Sources: Powernext


Next
Next

More Articles on Data Vendors

Introduction of new products and data sources Rising Spot Trade Drives First Middle East-India LNG Price Index

Singapore, 5 July 2016 – Trade in LNG is increasingly moving to the Middle East after years centred on the major importing countries of northeast Asia. To provide much needed price transparency, global commodity market price reporting agency Argus has ... Read more »

Data Sources: Argus

Introduction of new products and data sources OTCGH: Expanding Dataset to 10 Year Forwards – Natural Gas Model Coming Soon

June 29, 2016 – The market data team will be expanding its gas forwards from the current 7 years of gas forwards currently being produced to 10 years. The new model will enter production Wednesday, June 29th, 2016. If you have ... Read more »

Data Sources: OTCGH

Introduction of new products and data sources Japan Electric Power Exchange and European Power Exchange EPEX SPOT to Cooperate on Multi-Market Product Design

Tokyo / Paris, 23 June 2016. Japan Electric Power Exchange (JEPX) and European Power Exchange EPEX SPOT today announce the signature of a Memorandum of Understanding (MoU). The MoU aims at a deepened cooperation of the two exchanges regarding the ... Read more »

Data Sources: EPEX

Introduction of new products and data sources CEGH to join PEGAS Platform

Vienna, Paris, Leipzig, 20 June 2016 –Parisian-based Powernext SA and the Austrian Central European Gas Hub AG (CEGH) have signed an agreement to jointly develop the Austrian as well as the Central and Eastern European (CEE) gas markets. In the ... Read more »

Data Sources: Powernext

Introduction of new products and data sources S&P Global Platts Launches Daily LNG U.S. Gulf Coast Price Assessment

Houston – June 16, 2016 – S&P Global Platts, the leading independent provider of information and benchmark prices for the commodities and energy markets, today launched the Platts LNG Gulf Coast Marker (GCM), a price assessment reflecting the daily export ... Read more »

Data Sources: Platts

Introduction of new products and data sources “NEMO Committee” Established to Manage Joint Responsibilities of NEMOs Under CACM: MCO Plan Submitted to NRAs

9 June 2016. Europe’s electricity spot exchanges that have been designated as NEMOs (Nominated Electricity Market Operators) have established the “NEMO Committee” to take forward their joint responsibility to further develop and operate the European single day-ahead and intraday market ... Read more »

Data Sources: EPEX

Introduction of new products and data sources OTCGH Add New Crude Model

June 2, 2016 – The market data team will be adding a new crude product, Middle East Sour Crude, to the Crude Model. In addition to adding the new crude location, we will be changing the format of the CSV ... Read more »

Data Sources: OTCGH

Introduction of new products and data sources EEX and Powernext Confirm Launch Date of Additional Trading Venues in Response to MiFID II

Leipzig/Paris, 02 June 2016 – EEX and Powernext have confirmed the launch date of the additional trading venues (non-MTFs) for German and French power derivatives as well as gas derivatives for all hubs and maturities available today through the regulated ... Read more »

Data Sources: Powernext

Introduction of new products and data sources OTCGH Adds New Refined Products Forward Curve Coverage

OTC Global Holdings will be adding 12 new refined products to the market offering on May 26th, 2016. The new locations are: Mediterranean – Fuel Oil 3.5% CIF MED Rotterdam – Fuel Oil 3.5% Barge FOB vs Brent Rotterdam – Euro-Bob Oxy FOB Rotterdam ... Read more »

Data Sources: OTCGH

Introduction of new products and data sources S&P Global Platts Launches New Platts Analytics Service: Mexico Energy Monthly

Mexico City – May 10, 2016 – S&P Global Platts, the leading independent provider of information and benchmark prices for the commodities and energy markets, today launched Platts Mexico Energy Monthly, which delivers news, supply and demand analysis — including ... Read more »

Data Sources: Platts

 

Page 1 of 3712345...102030...Last »