How to become a trading participant on a derivatives market

There are two ways to trade on the derivatives market:

  1. By direct participation
  2. By indirect participation

Direct participation

This is trading on a regulated market, operated under the license and on the trading platform of EEX.

What markets are available

  • Power and Natural Gas Futures
    • Power futures with financial settlement
    • Natural gas spot and futures with delivery to the Czech virtual trading point (OTE)
  • Joint Day-Ahead Market of PXE and OTE
  • End-User Market – supplier

What conditions need to be met

Power and Natural Gas Futures

  1. Enter into a contract with a clearing bank (if the contract already exists, it needs to be extended for the relevant products).
    List of clearing banks
  2. Apply for a non-clearing membership in the European Commodity Clearing AG (ECC) settlement centre (if the membership already exists, it needs to be expanded for the relevant products).
    ECC admission process
  3. Become a trading participant on the EEX exchange under these EEX Terms and Conditions

For natural gas that is traded physically, the following is also needed:

  1. Possession of a gas trading license.
  2. Be subject of settlement of imbalances with OTE, a.s.

Joint Day-Ahead Market of PXE and OTE

  1. Enter into a contract with a clearing bank (if the contract already exists, it needs to be extended for the relevant products).
    List of clearing banks
  2. Apply for a non-clearing membership in the European Commodity Clearing AG (ECC) settlement centre (if the membership already exists, it needs to be expanded for the relevant products).
    ECC admission process
  3. Become a trading participant on the EEX exchange under these EEX Terms and Conditions.
  4. Possession of an electricity trading license issued by the Energy Regulatory Office.
  5. Be subject of settlement of imbalances with valid access to the short-term electricity markets with OTE, a.s.
  6. Sign a participation agreement with PXE.

End-User Market – supplier

  1. Enter into a contract with a clearing bank (if the contract already exists, it needs to be extended for the relevant products).
    List of clearing banks
  2. Secure a non-clearing membership in the European Commodity Clearing AG (ECC) settlement centre (if the membership already exists, it needs to be expanded for the relevant products).
    ECC admission process
  3. Become a trading participant on the EEX exchange under these EEX Terms and Conditions.
  4. Possession of an electricity trading license issued by the Energy Regulatory Office.
  5. Be subject of settlement of imbalances with valid access to the short-term electricity markets with OTE, a.s.
  6. Enter into a participation agreement with PXE for the authorisation to enter into transactions on the PXE market for end users – supplier.

Technical connection options

You can connect to trading very easily via a web browser or other more sophisticated solutions. See all connection options.

Indirect participation

This is the option to trade EEX products even if you are not a direct trading participant. However, it does not apply to trading on the PXE and OTE Joint Day-Ahead Market or the End-User Market.

When this option is suitable for you

If you do not have:

  • sufficient trading volume that would justify the cost of direct participation
  • sufficient internal infrastructure
  • financial resources

How it works

Several market participants ("Access Providers"), in particular banks, provide access to the EEX products for non-members via their infrastructure. Under this set up, the non-member trades via the member ID of the Access Provider.

The design and terms and conditions of such access vary depending on the particular Access Provider's service offer.

The Access Provider remains legally and operationally responsible for all transactions concluded under its member ID.

For more information on indirect participation, please visit the EEX website.

If you would like a consultation, guidance through the process or help with anything else, please do not hesitate to contact us. We are here for you.

Contact us

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