cleartrade exchange & eex press conference 23 january 2014
DESCRIPTION
Press ConferenceTRANSCRIPT
© European Energy Exchange AG/Cleartrade Exchange Pte Ltd.
Welcome to our Press Conference
EEX and CLTX – creating a combined global offering
London – 23 January 2014
EEX and CLTXjoin forces
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Power, Natural Gas, Emissions, Coal
Freight, Fuel Oil, Fertilizer, Iron Ore, Steel, Containers
Leipzig, Brussels,London, Paris
Singapore, London
Regulated Marketin Germany and EU
Regulated Marketin Singapore
Marketsand Products
Location
PrimaryRegulatory status
Trade Registration and Reporting, Clearing
Choice of Clearing, Best Execution
Additional Services
EEX group structure
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European Energy Exchange AG
50 %
EEX Power Derivatives GmbHEPEX SPOT SEEPEX SPOT SE
98.5 %80 %
EuropeanCommodity Clearing AG
100 %
EGEX European Gas Exchange GmbH
Global EnvironmentalExchange GmbH
100 %
Cleartrade Exchange
52 %
Further shareholdings not shown:Storage Capacity Exchange GmbH (12 %)European Market Coupling Company GmbH (20 %)
Dedicated entities for individual markets and products provide a strong focus on characteristics and client needs in every segment
ECC’s clearing model
ECC provides clearing and settlement services for currently seven partner exchanges, to be complemented by CLTX
Founded in February 2010
Headquartered in Singapore
Cloud Hosted end to end trading to clearing platform
A Many – to – Many Business Model
Regulated Futures Market
1st Marketplace for Global Dry Bulk Derivatives a $440bn notional market
Cleartrade Exchange
55Strictly Private and Confidential 5
Cleartrade Exchange Timeline
Market StudyRegulated Market
2009 2010(FEB) Cleartrade ExchangeIncorporation in Singapore
Technology
Design & Build
2011
Credit Filter& 1st Clearing House
1st IDB RMO License
Over157,000 Trades
ProcessedLive Trading &
3 Product Families
Member Onboarding
2012
Container Freight
PaaS Launched
DMA &Mobile Apps
FuelOil
2013Reuters Live
DTCCLive
EEX Acquire Live
2014
CLTX Open MarketBest Execution
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Provides choice at the point of execution, removes liquidity silos across multiple contracts with increased choice of clearing
Both organisations with strong organic growth…
7
Power Trading volumes in TWh
Natural Gas volumes in TWh
CLTX Volume by Instrument
…entering new asset classes…
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Guarantees of Origin (GoOs)
Nordic Hydro Alpine Hydro Central Northern
European Wind
Developinga
Trading EcoSystem
… extending geographical reach
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EEX connects more than 250 trading participants from 24 countries
Iberian Power Futures
Italian PowerFutures
Nordic Power Futures
EUR-Coal forDark Spreads
RomanianPower Futures
Extending trading and clearing productsinto further European regions
Swiss PowerFutures
NBP Gas
• Belgian and Dutch Power Futures• Trade Registration for further contracts:
… and Connecting Global Markets
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Bringing markets, clients and products togetherCLTX has 48 members and 6 asset classes across 18 countries
Bringing markets, clients and products togetherCLTX has 48 members and 6 asset classes across 18 countries
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300 Market Participants
10 Asset Classes
Order book trading,Trade registration,
clearing & post trade services
Overall portfolio ofboth partners combined
Looking forward…
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Market participants benefit from additional choice of asset classes, technology leadership and extended choice of clearing.