Partners
| APX-ENDEX is a fast growing energy exchange based in Amsterdam, London and Nottingham. APX-ENDEX offers electronic trading and clearing services for electricity and natural gas in the Netherlands, the United Kingdom and Belgium for short term and futures products. ENDEX is a product name for the derivatives offered by the APX-ENDEX brand, and is a regulated and supervised by the Netherlands Authority for the Financial Markets and the Dutch Central Bank. The mission of ENDEX is to enhance liquidity and transparency for the Benelux energy markets in general and in particular to provide exchange-related services to its members. Traders on ENDEX benefit from participating in a regulated and supervised environment, with a level playing field where confidentiality and anonymity are safeguarded. Electronic trading is taking place in Dutch and Belgian power futures and Dutch TTF gas futures, and also OTC clearing services are available for these products. There are daily pricing panels for all three markets. In addition, since November 2008, ENDEX operates a pricing panel for industrial Wood Pellets. This is the first step of a sequence of exchange products and services for the Bio-energy market. The ENDEX reference indices are published daily, increasing transparency, not only for ENDEX members, but also for the energy sector and the general public as a whole. Visit www.apxendex.com for more information. |
 | The European Energy Exchange AG (EEX) was established through the merger of the Leipzig and Frankfurt power exchanges in 2002. Today, EEX is the leading energy exchange in Continental Europe, operating market platforms for trading in power, natural gas, emission rights and coal. The exchange services are further enhanced by its ability to provide an integrated clearing facility for both exchange transactions and over-the-counter trading. EEX relies on an open business model which generates higher flexibility, increased market coverage and bigger volumes through targeted spin-offs and partnerships. Through a systematic expansion of co-operations, EEX contributes decisively to the integration of the European energy markets. |
| The Central European Gas Hub (CEGH), located in Vienna (Austria) is the easternmost gas hub in Europe, and thus represents a gateway to Eastern Europe. The optimal utilization of the OMV distribution node at Baumgarten (Lower Austria), as well as additional distribution nodes in the Austrian gas logistics system and the nearby gas storage facilities distinguish CEGH from other gas hubs. By the end of 2009, the CEGH Gas Exchange of Wiener Börse started operating at the Central European Gas Hub. Trades on the spot market are completed on the Vienna Stock Exchange’s Xetra® trading system. Clearing and settlement are handled by European Commodity Clearing AG (ECC) and physical delivery carried out through CEGH at the distribution nodes of the Austrian gas logistics system. The marketplace operates under the strict legal provisions applying to exchange activities in order to ensure the greatest price transparency while minimizing the risk for the traders. Currently, approximately 90 registered traders use CEGH to trade approximately 2 billion m3 of natural gas per month. |
 | EPEX Spot is operated by EPEX Spot SE which is a European company (a Societas Europae or SE). EPEX Spot SE is incorporated in France but the rules that are applicable to it are defined at European level. The foundation of a Societas Europaea (SE) allows companies incorporated in different member states to merge or form a holding company or joint subsidiary, while avoiding the legal and practical constraints arising from the existence of different legal systems. EPEX Spot SE equity capital is equally divided between EEX Power Spot and Powernext SA. Its headquarters is located in Paris and a branch in Leipzig. The products that can be traded on EPEX Spot are standard contracts for the physical delivery of electricity within the Austrian, French, German or the Swiss transmission systems. The products are characterised by two different trading processes: auction and continuous trading. |
 | HUPX Hungarian Power Exchange Ltd. was established by the Hungarian transmission system operator (MAVIR ZRt.) and holds a license by the Hungarian Energy Office to operate the organized electricity market in Hungary. The primary goal of HUPX is to deliver a reliable price reference in Hungary and thus facilitate the integration of power markets in the region. HUPX offers a unique service on the Hungarian power market: anonymous trading in day-ahead market. HUPX has strategically important role due to it has central geographic location, because it is able to link Central West, Central East and South East regions. The Hungarian Power Exchange uses the same state of the art trading platform called ETS as EPEX Spot uses on its own markets. Clearing and settlement of the transactions made on HUPX will be performed by the ECC AG. HUPX members can benefit from high level standards both in terms of trading and clearing services, which are key success factors for an exchange. |
 | Powernext SA, incorporated in 2001, is a multilateral trading company based in Paris. Its supervision is performed by the Autorité des Marchés Financiers (AMF) and the Commission de Régulation de l’Energie (CRE). Trading covers several complementary, transparent and anonymous energy markets: Powernext® Day-Ahead facilitates, 365 days a year, the hourly balancing of physical power delivered the following day on the French hub; Powernext® Futures provides electricity price risk hedging for a period ranging between one month and three years; Powernext® Balancing GRTgaz allows the Transmission System Operator GRTgaz to progressively cover its daily balancing needs through a market based mechanism. Powernext® Carbon, the leading spot EUA market, was sold to NYSE Euronext in December 2007. In May 2008, Powernext and EEX, the Leipzig-based energy exchange, announced the cooperation of their spot and futures electricity market. Thursday 26 November 2008 was the official launch of its gas exchange Powernext® Gas and the first trading day on Powernext® Gas Futures and Powernext® Gas Spot. Powernext’s shareholders are among the major industrials companies and energy market participants. |