Leipzig, 12 October 2015 – The European Energy Exchange (EEX) has started the REMIT data reporting service. Being officially approved as Registered Reporting Mechanism, the service covers the provision of trading data for the organised market places EEX, Gaspoint Nordic and Powernext.
Almost 250 trading members have already subscribed to the new reporting services, with more than 150,000 data sets having been reported to the Agency for the Cooperation of Energy Regulators (ACER). The transfer of data includes all trades concluded or entered via the trade registration function, as well as orders. Furthermore, EEX supports connectivity to third party RRMs such as RegisTR, Trayport and EFETnet, which provides market participants with even more flexibility in delegating their reporting requirements.
Dr. Tobias Paulun, Chief Strategy Officer of EEX Group, comments: “The implementation of reporting services according to REMIT poses a big challenge for the market. We are committed to supporting our customers at this important time.”
The launch was supported by Seven2one Informationssysteme GmbH which provides the technical application for the compliance services at EEX Group.
From 7 October 2015, all market participants active in wholesale trading on organised market places have to report the respective trading data. The data is used by ACER for monitoring the energy wholesale markets with regard to market manipulation and insider trading.
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 commodities 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 (incl. APX-Belpex), Powernext, Cleartrade Exchange (CLTX) and Gaspoint Nordic are also part of EEX Group. Clearing and settlement of trading transactions are provided by the clearing house European Commodity Clearing (ECC). For more information: www.eex.com
About Gaspoint Nordic
Gaspoint Nordic offers an exchange based market place for physical trade of natural gas in Denmark. The products offered all have short maturity ranging from within day to month ahead. Gaspoint Nordic provides a market place to producers, retailers, energy companies, trading representatives and large consumers on which they can buy or sell natural gas anonymous and with no credit risk. Trading at Gaspoint Nordic is based on continuous trading and is performed electronically through an internet based trading system. This market model promotes further competition and transparency hence contributing to a dynamic gas market. Gaspoint Nordic supports market based balancing in cooperation with the Danish TSO, Energinet.dk by offering extended trading hours in case of a gas supply crisis. Since January 2015 Energinet.dk and the European Energy Exchange, EEX share joint ownership of Gaspoint Nordic. For more information: www.gaspointnordic.com
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. Powernext owns 40.3% in EPEX SPOT and 20% in EEX Power Derivatives. For more information: www.powernext.com
Data Sources: Powernext