September 3, 2019 / 12:03 PM / 19 days ago

EEX to tie French gas bourse Powernext more closely to main group

FRANKFURT, Sept 3 (Reuters) - The European Energy Exchange (EEX) on Tuesday announced it would bring the activities of its subsidiary Powernext under the EEX group umbrella as of January 1, 2020, as it develops a global exchange with a strong European footprint.

This way EEX, a subsidiary of Deutsche Boerse, will integrate power, gas and carbon emissions trading to extend liquidity, simplify admissions, and combine clearing house services, it said in a statement.

“We are confident that this step will answer our customers’ need to trade a wide range of products on one platform,” said chief executive offer Peter Reitz. (Reporting by Vera Eckert, editing by Michelle Martin)

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