* 24/7 spread trading facility for spot contracts to be set up * Hourly CEGH VTP products will be introduced European natural gas platform PEGAS, established by the European Energy Exchange and Powernext, said Friday the new gas exchange cooperation with the Austrian Central European Gas Hub AG (CEGH) will be rolled out December 1.
Under this agreement, PEGAS spot market segment will offer the existing CEGH VTP products traded at at the CEGH hub alongside a trading facility for 24/7 spreads with TTF, GPL, and NCG available for all the spot products with the only exception of within-day contracts.
PEGAS will also introduce hourly products on the CEGH VTP market area.
Furthermore, existing CEGH Futures products will also be offered on the PEGAS platform, as well as spreads with TTF, GPL, NCG, and PSV for futures products.
The CEGH Futures will also be offered in the PEGAS Non-MTF rulebook.
Participants active on the CEGH exchange will have to be admitted to Powernext through a membership process, while PEGAS members can also request to trade the CEGH VTP products.
Powernext will conduct testing sessions before the go-live date for market participants.
