EEX Group Reports Multiple Records in H1 Volumes

Trading activity in the power derivatives markets increases as volatility in global energy markets spills over into instruments.

Leipzig headquartered European Energy Exchange (EEX) reported trading volumes for the first half of 2016, which saw positive flows across various segments, including power spot and derivatives, natural gas and agricultural markets, as per an official statement.

More specifically, a volume of 2,247.8 TWh was traded on the Power Spot and Derivatives Markets in the 1st half of 2016, which amounts to a 56% increase compared to the first semester of 2015. A total volume of 277.2 TWh was traded on the EPEX SPOT Power Spot Markets during the first six months of the year, up from 237.5 TWh achieved in the same period during the previous year. The power derivatives markets accounted for a share of 1,970.6 TWh of the total volume, which corresponds to a 66% increase against the previous year.

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Higher market share

The standout figures were primarily driven by uptick in trading activity in many markets including Germany, which registered 1,322.0 TWh, surging +54% compared with the same period in 2015, France (239.8 TWh, +91%) and Italy (262.5 TWh, + 59%). On all of the markets specified, EEX was able to further increase its market share for the month of June from 32 to 36% in Germany, from 23 to 25% in France and from 48 to 63% in Italy.

In a similar vein, EEX recorded a considerable growth in Spanish Power Futures, with the volumes increasing more than fivefold to 34.5 TWh, compared with 6.0 TWh in 2015, a substantial increase of nearly 34% in the market share for June 2016. In addition, the volume in power options more than tripled at 98.9 TWh, up from 26.4 TWh in 2015.

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EEX continues its Pan-European expansion. At the end of May 2016, the Prague-based POWER EXCHANGE CENTRAL EUROPE (PXE) became a part of EEX Group. As a result, the product offering of the Group has been expanded with products for the Czech Republic, the Slovak Republic, Hungary, Poland and Romania.

Additionally, the natural gas segment also performed well, with the exchange reporting that the total volume on the PEGAS trading platform and Gaspoint Nordic more than doubled compared to previous year (443.7 TWh), with a volume of 954.6 TWh was traded in the first half of 2016.

Agricultural Products

The volumes generated in Agriculturals trading on the EEX continue to develop positively. In the first half of the year, EEX achieved 22,955 contracts in total.  As a result, the trading volume in these products was +454 percent above the trading volume in the first half of 2015 on EEX and Eurex. This already represents a 45% higher volume than the total volume achieved in the record year of 2015.

On Cleartrade Exchange (CLTX), which is now a wholly owned EEX subsidiary, iron ore’s trading volumes more than doubled compared to 2015 after amounted to 175.6 million tonnes in the first half of this year. On a promising note, freight rates futures traded on CLTX rose 204.8 thousand contracts, which corresponds to an 11% increase year on year.

 

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