EEX surpasses TOCOM volumes in first full month of Japanese power futures trade

摘要

Volumes traded on EEX's new Japanese power derivatives market have exceeded expectations in the first full month of business, the European commodity exchange told S&P Global Platts July 1. In May EEX launched cleared trading services for the Japanese power market, with base and peak products for week, month, quarter, season and year contracts. "We've just finished a first full month on the platform and already we've exceeded the volume on the domestic power futures exchange, TOCOM [Tokyo Commodities Exchange]," Steffen Riediger, EEX Director European Power Derivatives, said in an interview. Volumes remain relatively modest on both platforms, but this was an encouraging start in an emerging market, Riediger said. Over 104 GWh cleared on the EEX platform in June versus slightly less than 100 GWh on TOCOM, which launched last September. Both exchanges offer a similar suite of contracts settled against the JEPX spot power market.