The European Energy Exchange (EEX) has announced that the Business to Business service company Belektron has been welcomed as a new Market Maker on the Derivatives Market for Emission Allowances. Since January 2015, Belektron has been active as a Market Maker on the EUA Spot Market and has provided buy and sell orders on the EUA Futures Market since the beginning of this month.
Boštjan Bandelj, director of Belektron, shared:
We are pleased to be able to extend our market making services on the spot market also to the EEX carbon derivatives market. This will further strengthen Belektron’s position as a major player in the European carbon markets.”
Steffen Köhler, Chief Operating Officer of EEX, added:
The support of Belektron will further contribute to strengthen price quality in our orderbook and to further increase volumes on the secondary market.”
From January until July 2016, the EEX volume on the secondary market for emissions allowances increased more than 5 fold compared to the same period of 2015: Secondary spot trading rose by +315%, derivatives market trading rose by +738%. Currently, 106 trading participants are admitted for trading on the EEX Emissions Spot Market and 148 participants are admitted for trading on the Emissions Derivatives Market.