EEX Press Release – EEX gains majority OI share of Total Freight Market

    On Thursday 2nd April 2020, the European Energy Exchange (EEX) achieved another milestone in its Freight business by gaining the majority share of the open interest (OI) in the total Freight market (Futures and Options combined), thereby overtaking the market leader for the first time and setting a new record for the business.

    In total, EEX now holds a 52% share of Open Interest, (a key indicator of liquidity), of the combined Freight market. In Futures, EEX has increased its share significantly to hold a 56% share of the Open Interest. While in Options, EEX continues to make consistent gains, resulting in a 46% share of the Open Interest. 

    Commenting on the result, Steffen Koehler, Chief Operating Officer, EEX said: “Today is an important milestone for our freight business. When we entered this market in 2016, we pledged our commitment to the seaborne commodity sector and outlined our determination to become a key player in Freight. In those four years, we have worked tirelessly to improve our offering, both organically and inorganically and I am very grateful to our customers and brokers for helping us to realise our ambitions in this market”.

    EEX’s performance in Dry Bulk Freight has seen major growth over the past 12 months, achieving double and triple digit increases throughout 2019. This period of sustained organic growth in conjunction with the completion of the NFX migration volumes which successfully concluded in February this year has resulted in EEX emerging as a major force in global freight trading.