Total trading volumes for spot gas on the European Energy Exchange (EEX) bourse hit record volumes of 2.531 TWh for the German GASPOOL, NetConnect and the Dutch TTF market areas in October, according to an EEX statement Monday.
This is the highest volume recorded on the EEX Natural Gas Spot Market exchange, against its last monthly record of 2.418 TWh in June 2010 and 19 times more than the number of trading transactions in October 2010, when it saw just 222 compared with this year's 4,194 transactions.
Out of its total transactions in October, 2,357 were of within-day products with a volume of 1.389 TWh, and 1,837 were of day-ahead products with a total volume of 1.142 TWh.
"EEX's consistent alignment to the demands of the market and the increasing control energy volumes which are traded through the exchange boost the attractiveness of EEX as a gas trading platform for the trading participants," EEX Managing Director Oliver Maibaum said in the statement.
The Leipzig-based exchange was formed in 2002 by the merger of two regional exchanges and includes utilities, energy companies and banks as well as derivatives exchange Eurex, owned by Deutsche Boerse and the Swiss Exchange, among its shareholders.
EEX launched 24/7 trading on its Natural Gas Spot Market platform on May 30 and expanded the German GASPOOL and NCG hubs to exchange trading with the Dutch TTF.
