On April 13, 2006 the open interest at the European Energy Exchange (EEX) reached 207TWh and, hence, exceeded the level of 200TWh for the first time ever, the Leipzig-based exchange has revealed.
This open interest figure corresponds to an increase of 54% since the beginning of the year.
A financial volume of more than E12.1 billion is behind this impressive mark of confidence in EEX. The open interest in the derivatives market for emission allowances also contributes to this value, the exchange said in a statement.
The open interest is the sum of the currently open positions of the trading participants on the derivatives market, which are recorded as either long or as short positions.