Trading gas on EEX & Powernext using Trayport s Exchange Trading System (ETS) Software Summary of improvements, timeline and customer tasks European Energy Exchange AG
Intention for migration to Trayport ETS Software Usage of common and market based services in planned cooperation* Trayport Exchange Trading System (ETS) Software, according to industry standard, will be used by EEX and PWX to unify interest of market participants for several markets and simplify trading One licence across EEX and PWX for access to TTF, NCG, GASPOOL, PEG Nord*, PEG Sud* and TIGF* Introduction of location spread functionalities inside and between EEX and PWX* gas markets tighten bid/offer spreads and increase liquidity Smooth migration from ComXerv/EUREX to the Trayport software by stepwise transition of gas products ensure maximum advantages for members Start of the migration: All gas products on 10 MW offered by EEX** and PWX on Trayport ETS software All gas products on 1 MW, offered by EEX, will be available on ComXerv/EUREX EEX will introduce future products on 1 MW in EUREX End of Migration - time point depends on member readiness to connect to the instance of Trayport ETS software: All EEX gas products will be available together with PWX* products Trading of 1 MW products, offered by EEX, will be possible * Subject to approval; ** Within-Day products of EEX will be listed with a minimum lot size of 1 MW 2
Exchange Member Gas trading systems in migration period Gas Direct Screen (GlobalVision SM Screen) Trading Gateway SM EEX GV-Screen ComTrader EUREX- Frontend Software platforms GV-Portal Trayport ETS ComXerv EUREX EEX markets Powernext markets** EEX markets EEX markets GPL NCG TTF-Spot PEG-N PEG-S PEG-TIGF TTF-Futures GPL NCG TTF-Spot GPL NCG Location-Spread markets NCG/TTF GPL/TTF GPL/NCG PEG-N/NCG** PEG-N/TTF** PEG-S/PEG-N** 1 MW products 1 MW products 10 MW products* * Within-Day products remains on 1 MW; ** Subject to approval and available if member of both PWX and EEX 3
Roadmap: Next steps until Go-Live Member tasks for trading EEX gas markets via Trayport ETS Software 1. Trade in voluntary simulation in April please contact EEX sales team 2. Compulsory test trade in end of April please use provided logins 3. If needed, please contact sales team for further trading accounts (logins) 4. Go-Live for gas trading on Trayport ETS software in May March April May CW 10 CW 11 CW 12 CW 13 CW 14 CW 15 CW 16 CW 17 CW 18 CW 19 1st Customer Information with general information Member contact EEX sales team for voluntary simulation EEX sales team contacts member for participating on voluntary simulation Start of providing logins for Trayport ETS Software to EEX gas traders, which were active in 2012+13 2 nd Customer Information with more detailed information Voluntary simulation Obligatory simulation Go-Live - First trade 4
Products within the planned Cooperation* Member of EEX Member of EEX Member of Powernext Spot Derivatives Spot Derivatives NCG NCG PEG Nord PEG Nord GPL GPL PEG Sud TTF TTF TIGF EEX spot market licence EEX market licence Cooperation licence* * Subject to approval and available if member of both PWX and EEX 5
Product specification at start of migration Specification of Products offered by EEX on Trayport ETS Software and ComXerv/EUREX Minimum Number of delivery periods Lot size MW Volume tick MW Price tick /MWh Software platform Trayport ETS** ComXerv/ EUREX Trayport ETS** ComXerv/ EUREX Trayport ETS** ComXerv EUREX Within-Day 1 24 h 1 1 1 1 0.025 0.01 0.001 Day-Ahead 1 10 1 10 1 0.025 0.01 0.001 Individual days* 1 3 d 10 1 10 1 0.025 0.01 0.001 Saturday 1 10 1 10 1 0.025 0.01 0.001 Sunday 1 10 1 10 1 0.025 0.01 0.001 Weekend 1 10 1 10 1 0.025 0.01 0.001 Month 4 10 1 10 1 0.025 0.01 0.001 Quarter 4 10 1 10 1 0.025 0.01 0.001 Seasons 4 10 1 10 1 0.025 0.01 0.001 Calendar years 3 10 1 10 1 0.025 0.01 0.001 * Individual days will be tradable in case of UK-holidays on Monday to Friday; ** Minimum lot size, volume & price tick has been set by the market operator EEX 6
Software platform Member Members technical access to the Exchange Gas Direct Screen Trade View only user Trade Trading Gateway SM Usage for integration of EEX gas prices in existing trading systems Downstream user compulsory for the system to work; obligation to order 2 logins/licences Trayport ETS API-Access* View only for market data View only user 1 password 1 password 1 password 1 password 1 password* 1 login / 1 password Trayport Exchange Trading System (ETS) Exchange Technical fees / charges Cooperation licence all EEX+PWX** markets + Downstream user EEX market licence EEX spot market licence /a NCG + GPL + TTF spot PEG s + TTF future** NCG + GPL + TTF spot NCG + GPL + TTF Technical access 1...5 4,000 1,800 1,500 Technical access 6...10 4,000 1,800 750 Technical access > 10 4,000 1,800 150 *Second login for Downstream user is for free; logins for Downstream user and API-Access were charged to 4,000 ; ** Subject to approval 7
Contacts and further information Sales Louis Hems UK Office Tel.: +44 207 862 7559 louis.hems@eex.com Tobias Lucht Office Leipzig Tel.: +49 341 2156-215 tobias.lucht@eex.com Roman Zyuzev Office Leipzig Tel.: +49 341 2156-211 roman.zyuzev@eex.com Ling-Lyn Thakker UK Office Tel.: +44 207 862 7554 ling-lyn.thakker@eex.com Member Readiness Market Supervision Office Leipzig Tel.: +49 341 2156-466 technology@eex.com Office Leipzig Tel.: +49 341 2156-335 trading@eex.com Homepage: http://www.eex.com/en/eex/gas-cooperation-eex-powernext 8
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