Power bourse founded for futures trading

Google Translate

A German power bourse, the German Energy Exchange (GEX), has been founded to start a futures trading market, following a competition among project consortia from the economics ministry. GEX was founded by the Frankfurt stock exchange company Deutsche Börse together with two companies operating futures exchanges: Eurex, a part subsidiary of Deutsche Börse with the Swiss Futures Exchange, and the American New York Mercantile Exchange (Nymex). Start-up date is still undecided. One losing competitor, the Leipzig Power Exchange (LPX) consortium, says it may still go ahead with its plan for a daily spot market. Its expected start is March 2000, followed a few months later by a futures market. The most important partner in LPX, with 25%, is Nord Pool, which operates the Scandinavian power exchange.

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Sign up now
Already registered?
Sign in