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Oct 29, 2009

Eurex Clearing

Eurex and EEX: Enhancement of Cooperation to Power Derivatives: Amendment of Eurex Clearing Rules and Regulations

The European Energy Exchange Group (EEX) and the Derivatives Exchange Eurex are further expanding their cooperation. Effective November 25, 2009, Eurex customers will be able to trade and clear Power Futures and Options (“Phelix” products) via their existing Eurex® infrastructure. The new cooperation products will include Phelix Baseload Futures and Options as well as Phelix Peakload Futures and Options.

The clearing houses of the two exchanges, European Commodity Clearing AG (ECC) and Eurex Clearing AG, will also cooperate in settling transactions. Eurex Clearing AG will clear trades in Phelix Futures and Options concluded or registered for clearing at the EEX. All new power cooperation products are cashsettled.

Market Status ⓘ

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The market status window is an indication regarding the current technical availability of the trading system. It indicates whether news board messages regarding current technical issues of the trading system have been published or will be published shortly.

Please find further information about incident handling in the Emergency Playbook published on the Eurex webpage under Support --> Emergencies and safeguards. Detailed information about incident communication, market re-opening procedures and best practices for order and trade reconciliation can be found in the chapters 4.2, 4.3 and 4.5, respectively. Concrete information for the respective incident will be published during the incident via newsboard message. 

We strongly recommend not to take any decisions based on the indications in the market status window but to always check the production news board for comprehensive information on an incident.

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