EEX to tie French gas bourse Powernext more closely to main group
FRANKFURT, Sept 3 (Reuters) - The European Energy Exchange (EEX) on Tuesday announced it would bring the activities of its subsidiary Powernext under the EEX group umbrella as of January 1, 2020, as it develops a global exchange with a strong European footprint.
This way EEX, a subsidiary of Deutsche Boerse DB1Gn.DE, will integrate power, gas and carbon emissions trading to extend liquidity, simplify admissions, and combine clearing house services, it said in a statement.
"We are confident that this step will answer our customers' need to trade a wide range of products on one platform," said chief executive offer Peter Reitz.
(Reporting by Vera Eckert, editing by Michelle Martin)
((vera.eckert@thomsonreuters.com; +49 69 7565 1228; Reuters Messaging: vera.eckert.thomsonreuters.com@reuters.net))
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