Q&A: EEX
governance framework, thereby optimising practical and functional efficiencies. In order for ongoing progress to be maintained at a European level, there needs to be a clear evolution amongst exchanges in conjunction with regulators.
GI: Now that markets have stabilised, how do you view the prospects for EEX in 2011? H-BM: EEX is a unique player in the market and our distinct entrepreneurial spirit, sound work and persistence means that there is still enormous growth potential for our exchange. This is particularly true for our natural gas market which is still in its infancy ... but also for the power and emissions markets. We will focus on further developing our markets and individual asset classes and to increase our competitiveness – at both the trading and clearing level. EEX remains committed to pushing the boundaries
for increased competitiveness, ambitious organic growth, and to expand our horizons to lead the way by example and be Europe’s true benchmark in the energy trading sphere.
GI: You have just initiated a 5-year plan for the Exchange. Why, and what does it entail? H-BM: For us a 5-year plan is nothing new. What is
new is that we are communicating it to the industry ... our medium-term vision for the industry as a whole,
and our plans for the Exchange within that. Our major focus on partnership agreements in recent years has been successful (both financially and geographically). However, the world outside has changed. Going forward, we will continue to focus on partnerships but we also want to concentrate more on organic growth whilst maintaining market integrity and transparency. Our plans fall into 4 strategic areas:
1) To improve our position within the European gas markets – as recently detailed in the EEX Gas Strategies for 2011;
2) To bolster emissions trading and in particular to fight for the rights to auction EU emission allowances – at the EU and national levels;
3) To further strengthen clearing and possibilities for cross-margining (also for products we don’t offer or where business is conducted off-exchange);
4) To consolidate our leading position in the EU power markets.
We envisage a doubling of turnover and revenues
over the 5-year period. That is to say, EEX will be strengthening partnerships whilst at the same time reaching further out across the European energy spectrum to service our members and their clients in new products, efficiently and transparently. •
For more information on EEX go to:
www.eex.com
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