Germany's European Energy Exchange plans new measures in 2011 to boost gas trading volumes on its platforms, it said in a statement Tuesday.
Trading hours are to be extended on EEX's gas spot and derivatives market. Transactions can be entered on both markets, and OTC transactions registered on the derivatives market, from 8:00 to 18:00 CET, EEX said.
Secondly, a new gas price index, scheduled to be launched end-January, "will provide a transparent representation of the market price for natural gas trading in Germany," EEX said.
The index is to be based on deals in the respective current front-month contracts on the exchange, published and calculated by EEX for Germany and the gas hubs of GASPOOL and NCG.
Thirdly, and subject to regulatory approval, EEX will offer its spot market with existing products for the Dutch TTF market area from March 2011.
The GASPOOL and NCG market areas, which are connected to trading on EEX, already constitute central European trading hubs for gas.
Finally, in May 2011 EEX said it is to introduce round-the-clock trading on its gas spot market.
"As a result, physical trading in natural gas for delivery in the three market areas (GASPOOL, NCG and TTF) without interruption over 24 hours a day and on seven days a week will become possible," it said.
EEX is also planning a change in the primary market auction for European Emission Allowances. At the moment, continuous trading in EUAs on EEX's derivatives market is interrupted by an EUA Primary Market Auction.
"EEX is now planning to establish a separate product for the Primary Market Auction on the derivatives market," it said.
Trading hours are to be extended on EEX's gas spot and derivatives market. Transactions can be entered on both markets, and OTC transactions registered on the derivatives market, from 8:00 to 18:00 CET, EEX said.
Secondly, a new gas price index, scheduled to be launched end-January, "will provide a transparent representation of the market price for natural gas trading in Germany," EEX said.
The index is to be based on deals in the respective current front-month contracts on the exchange, published and calculated by EEX for Germany and the gas hubs of GASPOOL and NCG.
Thirdly, and subject to regulatory approval, EEX will offer its spot market with existing products for the Dutch TTF market area from March 2011.
The GASPOOL and NCG market areas, which are connected to trading on EEX, already constitute central European trading hubs for gas.
Finally, in May 2011 EEX said it is to introduce round-the-clock trading on its gas spot market.
"As a result, physical trading in natural gas for delivery in the three market areas (GASPOOL, NCG and TTF) without interruption over 24 hours a day and on seven days a week will become possible," it said.
EEX is also planning a change in the primary market auction for European Emission Allowances. At the moment, continuous trading in EUAs on EEX's derivatives market is interrupted by an EUA Primary Market Auction.
"EEX is now planning to establish a separate product for the Primary Market Auction on the derivatives market," it said.
