The European Energy Exchange (EEX) is offering an improved service to its Iberian members with the opening of a new office in Madrid.
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 (pictured), chief operating officer of EEX, says: “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 per cent 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.