PEGAS, the pan-European gas trading platform operated by Powernext, registered a total volume of 152.4 TWh in September 2016 which represents a more than two-fold growth compared to the previous year’s volume of 70.6 TWh.
The development was driven by strong volumes on both spot and futures segments.
Spot trading volumes in September reached 54.2 TWh, which represents an increase of 80 per cent compared to last year (30.2 TWh).
The Dutch market area TTF registered a volume close to last month’s record with 17.3 TWh, almost a two-fold growth compared to 9.5 TWh in September 2015.
A total volume of 23.6 TWh was traded on the German NCG and GASPOOL areas, which represents an increase of 112 per cent compared to last year (September 2015: 11.2 TWh). Trading of quality-specific spot contracts for Germany totalled 6.6 TWh.
The French PEGs volume increased by 24 per cent with 11.1 TWh, while the Belgian ZTP and ZEE reached 1.6 TWh. Spread transactions on all hubs amounted to 4.3 TWh.
The hourly products for Germany and France registered a total volume of 581,088 MWh in 4,275 transactions.
In September, the volume on the PEGAS derivatives market more than doubled to 98.1 TWh (40.4 TWh in September 2015).
The TTF futures market contributes up to 85 per cent of the total monthly derivatives volume with 83.1 TWh, which represents more than a three-fold increase year-on-year (September 2015: 24.6 TWh).
Trading in the NCG and GASPOOL delivery areas reached 9.5 TWh in September (September 2015: 11.1 TWh).
The French PEG Nord and TRS market areas reached a volume of 2.6 TWh (September 2015: 3.4 TWh).
Clearing via trade registration reached 9.0 TWh while the total volume of spread transactions amounted to 4.4 TWh.
PEGAS is the central gas trading platform of EEX Group operated by Powernext. PEGAS provides its members with access to all products on one single platform and allows them to trade natural gas contracts in the Belgian, Dutch, French, German, Italian and UK market areas.
Yen carry trade risks mount
Hedge funds and other leveraged investors face renewed risks from the yen carry trade as Japan moves further away from decades of…
More
Valour launches first crypto hedge fund using Neuronomics AI strategy
Valour, the digital asset investment products subsidiary of DeFi Technologies, has launched its first hedge fund as it expands beyond…
More
SocGen targets strong prime brokerage growth
Societe Generale is planning to significantly expand its prime brokerage business as part of Chief Executive Officer Slawomir Krupa's…
More