Financial crisis hits European Energy Exchange
Trading volumes at the European Energy Exchange (EEX) have slumped in the first half of 2009 after years of continuous growth. An EEX report highlights a particular decline in power derivatives volumes traded by financial institutions, despite a boost in trade generated by utilities.
Trading volumes of power decreased in both the spot and derivatives markets. Power spot volumes fell by 6% from 77.5 terawatt hours to 73.2 TWh in the first half of 2009 in comparison with the previous year. The reduction in physical delivery has been blamed for the decline amongst other factors. On the power derivatives side, trading volumes also dropped 11% from 616 TWh in the first half of 2008 to 547 TWh in the first half of 2009. By contrast, however, the open interest on the power
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@risk.net
More on Foreign exchange
Intraday FX swaps could signal new dawn for liquidity management
Seedling market could help banks pre-fund payments in near-real time and reduce HQLA requirements
Natixis turns on the taps in flow trading
French bank boosts flow business, balancing structured solutions capabilities
Stemming the tide of rising FX settlement risk
As the trading of emerging markets currencies gathers pace and broader uncertainty sweeps across financial markets, CLS is exploring alternative services designed to mitigate settlement risk for the FX market
Power-reverse to the future: falling yen revs up PRDCs again
Pressure on Japanese unit sparks revival in power-reverse dual currency notes
Credit Suisse and Commerz latest banks to ditch hold times
Mizuho also confirms zero last look add-on but MUFG’s policy unclear on the controversial FX practice
Has Covid stopped the clocks on FX timestamp efforts?
Budget reallocation may not be the only factor stalling standardisation progress, say participants
EU benchmark drama set for cliffhanger end
Access to key FX rates due to be decided six months before potential cut-off
Banks rent ready-made algos for FX trading
NatWest, XTX Markets and others develop new outsourcing model for tech
