Wien (OTS) -
- New Spot Index CEGHIX as reference price for Spot Market of
CEGH Gas Exchange of Wiener Boerse
- Index shall establish CEGH as price setting point for
Central and South East Europe
- CEGH also announces to transfer its existing CEGH Gas Exchange of
Wiener Boerse Markets to the Trayport ETS (Exchange Trading
System) by summer 2012
CEGH in cooperation with Wiener Boerse today launches a new Spot
Index, called CEGHIX. This index will be used as the standard
reference price for CEGH Gas Exchange of Wiener Boerse Spot Market
and will establish CEGH as a price setting point for Central and
South East Europe.
The index is determined daily and for each contract tradable on
the Spot Market of CEGH Gas Exchange of Wiener Boerse. CEGHIX will
also be used as a reference price in the spot trading system for the
following trading day and will be transferred into the end-of-day
files and disseminated together with other real time market data.
This new index will guarantee a daily reference price, based on
the volume weighted average price of all transactions carried out
during the trading period. If there should be trading days without
trades, the best and valid bid and ask prices (time-weighted) will be
used to determine CEGHIX.
The CEGHIX shall medium-term replace the BDARP (Baumgarten Day
Ahead Reference price) currently used at CEGH OTC Market.
Furthermore, CEGH will transfer its existing CEGH Gas Exchange of
Wiener Boerse Markets to the Trayport ETS trading system by summer
2012. Additionally, by the end of 2012, CEGH will launch the CEGH Gas
Exchange Within Day market of Wiener Boerse, also utilizing the
Trayport ETS system. This will allow gas traders to fully use their
Trayport Global Vision technology and combine CEGH markets with other
international markets on their screen. With the technology change,
CEGH offers international gas traders again customized
state-of-the-art services.
Background information:
Central European Gas Hub:
The Central European Gas Hub AG (CEGH) runs the CEGH OTC Market
and the CEGH Gas Exchange of Wiener Boerse with a Spot Market and a
Futures Market. CEGH contributes to security of supply by offering
access to supply and trading opportunities via its trading platform.
Central European Gas Hub has become the most important trading
platform for natural gas in Central Europe, offering international
gas trading companies the possibility to trade at Baumgarten and
other border points of the Austrian gas grid. CEGH, a subsidiary of
OMV Gas & Power GmbH (80%) and Wiener Börse AG (20 %) in 2011
achieved a trading volume of approx. 40 billion cubic metres (435
TWh) of natural gas, thus consolidating its position among the
leading gas hubs in continental Europe.
Rückfragehinweis:
For further information, please contact:
Roland Wolk
Central European Gas Hub AG
Tel. +43 1 2702700 - 28508
E-Mail: info@cegh.at
Homepage: www.cegh.at
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