EEX European Energy Exchange : opens its 15th global office in Madrid

The European Energy Exchange (EEX) is now offering an improved service to its Iberian members with the opening of its Madrid office. Brigitte Caboulet who has played a key role in the recent rapid growth of EEX market share in Spain will be joined by Alvaro Reyes Diaz in servicing the local market needs.

Steffen Köhler, Chief Operating Officer of EEX, comments: 'When it comes to traded volumes, Spain is now our fourth-biggest market after Germany, Italy and France. Therefore, it is important for us to stay in close contact with the market participants and to extend our service on site'.

In 2016, EEX operated the largest cleared trading venue for Spanish power. Throughout the year, EEX's market share in the overall market amounted to 32% with a total volume of 71.7 TWh.

The EEX offering for the Spanish market comprises financially settled power futures which are available for trading and clearing. Products are tradable as day, weekend, week, month, quarter and year contracts. Furthermore, Options on Spanish Power Futures are available for trading with a monthly, quarterly and yearly maturity.

In addition to Spanish power products, EEX offers power trading for Germany/Austria, France, Italy, Greece, the Netherlands, Belgium, Switzerland, Romania, Great Britain and the Nordic market on one platform. Further power options products are also available for Germany/Austria, France and Italy.

With the launch of the Madrid office, the EEX Group has now expanded its presence to 15 locations worldwide.

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 commodity 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, Powernext, Cleartrade Exchange (CLTX), Gaspoint Nordic and Power Exchange Central Europe (PXE) are also part of EEX Group. Clearing and settlement of trading transactions are provided by the clearing house European Commodity Clearing (ECC). More information: www.eex.com