EEX opens new trade registration platform for OTC deals

European Energy Exchange AG

13/09/2022 12:04

FRANKFURT, Sept 13 (Reuters) - The EEX Group  DB1Gn.DE  said
on Tuesday is had launched a new trade registration platform
called Touchpoint to ease the process of registering
over-the-counter (OTC) trades across all EEX markets.
    The EEX, Europe's leading electricity bourse that has
branched out into more regions and products, said Touchpoint
would allow brokers, trading and clearing members using the
bourse to register OTC trading on behalf of customers more
easily.
    In Europe's wholesale energy market, OTC trades for spot and
long-term positions still dominate volumes, but regulated
marketplaces such as EEX are gaining more traction as they offer
price transparency and integrated clearing.  urn:newsml:reuters.com:*:nL8N2YB3UN
    The new tool comes as energy markets are seeing significant
price volatility on concerns that Russia will curb gas flows to
Europe further, while suffering from technical and
weather-related issues at French nuclear plants and drought
affecting coal deliveries.
    As a consequence of the volatile market environment, trade
margins that must be deposited with its clearing house ECC have
increased significantly, which poses financial challenges and
has thinned turnover.  urn:newsml:reuters.com:*:nL8N30F4N3
    Chief Operating Officer Steffen Koehler said Touchpoint
would help customers to better navigate the difficult times
because it included risk management and analysis functions to
track their OTC workflows.  urn:newsml:reuters.com:*:nL8N3053SA urn:newsml:reuters.com:*:nL8N30J2ZL
    EEX counts 800 trading participants in asset classes
including power, gas, emissions, dry freight and agriculture.

 (Reporting by Vera Eckert, editing by David Evans)
 ((vera.eckert@thomsonreuters.com; +49 30 2201 33654;
@EckertVera;))