Energy

#PEGAS to launch time spread products on its futures markets in January

Published

8 years ago

January 12, 2017

PEGAS, the pan-European gas trading platform operated by Powernext, has announced the introduction of time spread contracts on its futures markets on 24 January in order to further support its growth in derivatives. The new products will be available through the Trayport Global Vision trading platform, as well as the Straight Through Processing (STP) registration service for OTC trades, on all PEGAS hubs (CEGH VTP, ETF, GASPOOL, NBP, NCG, PEG Nord, PSV, TRS, TTF, ZEE and ZTP).

PEGAS currently offers location spread products between its Austrian, Belgian, Danish, Dutch, French, German, Italian and UK market areas.

The new products will enable PEGAS members to trade two contracts of the same maturity with different delivery periods within the same market area (e.g. buy summer season/sell winter season). Time spreads across maturities, for example month/quarter, and across delivery areas are not being made available. The maturity range covers monthly, quarterly, seasonal and calendar instruments.

Richard Katz , director of sales at Powernext, said: “These time spread contracts expand the range of PEGAS derivatives offer and fully support the trading strategies of our market participants. Furthermore, the members authorised to trade in a particular market area will automatically be able to trade the new contracts on that market area without any additional fees and paperwork.”

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 Austrian, Belgian, Danish, Dutch, French, German, Italian and UK market areas. The product range of PEGAS covers spot and derivatives contracts for the major European gas hubs as well as trading in location spread products between these market areas. This setup enables market harmonisation and forms the preferred pan-European natural gas market.

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