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Deutsche Boerse-owned platform the European Energy Exchange launched on Tuesday a Phelix futures suite focused on the German energy market on Tuesday, offering an alternative to EEX's existing German-Austrian futures product.
The German Phelix future product suite include six contracts. The product offering will consist of base and peak contracts with a monthly, quarterly and yearly maturity. The new power futures will be settled against the common German-Austrian day-ahead auction price.
According to sources, the contract came about after high demand...