The European Energy Exchange (EEX) is pleased to welcome Gas Management Services Ltd. (GMSL), Cambridge, as a “Trading Agent“ for the Natural Gas Spot Market. This status allows GMSL to act as a service provider for EEX trading participants, without being an exchange participant itself. GMSL is now entitled to enter orders for the Natural Gas Spot Market on behalf of its growing customer base, many of whom are already participants at the EEX. By offering this service, EEX now opens up continental 24-7 gas operations to participants who do not have their own shift-trading desks.
“We are very pleased to have GMSL join EEX as a Trading Agent“, says Steffen Köhler, Chief Operating Officer of EEX. “This allows more participants to take advantage of the growing out-of-hours trading opportunities at EEX, a market where there is an increase in volumes as we enter the winter months.”
The activity of the participants in the out-of-hours periods has increased lately. In October 2012, the short-term gas trading in the night hours contributed 12 percent of the overall Spot Market volume compared to just 4 percent in October 2011.