ZE Datawatch eMagazine June 2015

Tesla and the Shift in Power:Part 2 How Powerpack and Powerwall batteries will amplify the need for data management

New products and data sources

Delisting of products and data sources

Potential impacton data

Changes to data attributes, replacement of products

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JUNE 2015

By Jay JamesonZE PowerGroup [email protected]

Summary

June 2015

Contents

Editorial 5 Intermittent Success in the Battle between Coal and Renewables 5

Power 7 CAISO Releases New Mobile App with EIM Data 7Argus Introduces Hourly North American Power Forward Curves 7CME Trades First Lots of German Base Load 8Marex Spectron Arranges First STP Cleared EEX German Power Contract 9APX, EPEX SPOT, Deutsche Brse, and Others Inaugurate European Cross-Border Intraday Solution 9

Petroleum 10 Platts to Assess Rotterdam 0.1% Sulfur Bunker Fuel 10Platts Launches Rotterdam FOB Jet Barge Swaps 11Platts Introduces New Asian Supramax Dry Bulk Petcoke Assessments 12Platts Launches New East/West Naphtha Assessments 12Argus to Add West African Crude Assessments 13Argus Adds New North Sea Crude Assessments 13Argus Adds US-Taiwan Isoprene Series 13Argus Introduces North American Base Oil Assessments 14Argus Launches New German and French Gasoil Heating Oil Codes 14Argus Adds Light and Heavy Basrah FOB Assessments 15CME Lists Two Existing Heating Oil Futures on CME Globex 16Platts Discontinues Rubber Index Newsletter 16Platts Discontinues Gasoil Minus Palm Oil Spread 17Platts Stops Publishing ICE Brent UK Assessments 17Argus Stops Two West African Oil Assessments 18Argus Stops Certain Russian Gasoil Assessments 18Argus Amends Descriptions for Mediterranean Fuel Oil Assessments 19

Natural Gas 20 Argus Launches Zeebrugge Natural Gas Assessments 20ICE, GME, and Snam to Introduce Italian Natural Gas Futures 20

Coal 21Platts to Assess Illinois Basin 11,800 FOB Basin Coal 21Argus Adds US Coal Assessments 21CME Lists Existing Coking Coal Contract on CME Globex Trading 22

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Summary

June 2015

Softs and Metals 23SOFTS 23 Platts to Introduce Supplementary Biofuels RIN Codes 23Argus Adds European Fertilizer Assessments 23Argus Introduces Algerian Urea Granular Bulk FOB Assessment 24TMX Group Launches AgriClear Platform for US and Canadian Cattle Buyers and Sellers 24Platts to Discontinue non-Renewable Energy Directive Biodiesel FOB ARA Assessments 25Platts Ends non-Renewable Energy Directive European SME Biodiesel Assessment 25Platts to Launch Minimum Greenhouse Gas Saving for Standard T2 Ethanol 26Argus Revises and Replaces Select European Fertilizer Codes 27METALS 27 Platts to Add New US Lead-Acid Battery Assessment 27Platts Launches European Iron Ore Netback Assessments 28Platts Publishes Direct Reduction Iron Ore Pellet Premium 28Argus Introduces Chinese Erbium Oxide Assessment 29CME Lists Five Existing Metals Futures on CME Globex 29COMOX Lists Physically-Delivered Zinc Futures on CME 30Platts to Discontinue Numerous US Minor Metals Prices 31Platts Discontinues LBMA Platinum and Palladium Prices 31ICE Launches Eris Standard Interest Rate Futures in Euro and Pound Sterling 32

Finance 33Thomson Reuters Launches New Valuations and Transparency Capability 33Thomson Reuters Expands Coverage of Canadas Fixed Income Market 33Nasdaq Lists Global X YieldCo Index ETF 34Nasdaq Lists Elkhorn S&P 500 Capital Expenditures ETF 34ICAP Launches First Matching Session in Investment Grade Corporate Eurobonds 35Euronext Launches Country Indexes for Germany, Italy, and Spain 35Nasdaq Lists Two New ProShares Biotech ETFs 35CME Delists Two US Barclays Rate Futures Options and Contracts 36SSE, CFFE, and Deutsche Brse to Launch an Offshore Chinese Market 36

Weather 37Nasdaq Stockholm Launches Sustainable Bonds List 37CME Delists Certain US and European Monthly, Weekly, and Seasonal Strip Index Futures and Options 38

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Summary

4June 2015

Summ

aryOther 39EIA Releases New Energy Visualization Widget 39Reuters Begins Offering Free News Content to Online Publishers 39Thomson Reuters Launches its Market Data Services in CMEs Aurora Data Center 39Thomson Reuters Expands Financial Markets Psychological Analysis Service 40Nasdaq Expands Presence in Canadian Market with New Data Centers in Ontario 40

News from Data Vendors 41ZEMA Adds Electricity, Gas, Wind, Water, Oil, and Petrochemical Assessments in June 41ZE Adds Argus Spot Ticker Benchmark Data Service 41EEX and EPEX SPOT Approved as Pre-registered RRM 42Power Exchanges Sign Contract with Deutsche Brse for Delivery of the European Cross-Border Intraday Solution 44New Exchange Council Approves Organized Secondary Market for Capacity Guarantees in France 46SEEPEX Targets Launch of Serbian Day-Ahead Market by End of November 2015 48Carbon Market Data Launches the India Greenhouse Gas Reporting Company Database 49

Monthly Market Analysis 50Crude Oil Brent vs. WTI: Prompt-Month Contract (NYMEX) 50Crude Oil Brent vs. WTI: Forward Curve (NYMEX) 51North American Natural Gas Spot Prices (NYMEX) 52Henry Hub Natural Gas Forward Curve (NYMEX) 53Actual Weather (AccuWeather) 54Electricity: Day-Ahead Prices (ICE) 55Gold and Silver Daily Prices (CME) 56Wheat Futures Curve (CME) 57

In Depth 58Tesla and the Shift in Power: Part 2 How Powerpack and Powerwall batteries will amplify the need for data management 58Selling the Solution? 62Consumers Backlash 62Conclusion: Data as the Key to Surviving the Lithium-Ion Revolution 63

Editorial

June 2015 5

On June 29, 2015, industry newsmakers announced a blow to President Obamas environmental plan. On that day, the US Supreme Court overturned the Environmental Protection Agencys (EPAs) Mercury and Air Toxics Standards (MATS) limiting mercury and other hazardous air pollutants released from power plants. These standards apply mainly to generators fueled by coal and oil. As explained by justices, the decision was prompted by an excessively high cost of compliance estimated at $9.6 billion annually, which would outweigh the expected benefits of $4-6 million. No doubt, this decision marked a noticeable victory of the opposition that has been standing its grounds in the battle against MATS for over four years now. At the same time, the multi-billion-dollar question of how long this victory will last is still hanging in the air, as the renewable generation walls are closing in.These walls are not laws and regulations that can be fought with in courts and Congress; they are true bottom-up forces that transpire in technological innovations, like Powerpack, and even in completely new market entities microgrids. Most utilities and system operators recognize that the current pace of renewable generation, whether being part of the main grid, distributed, or aggregated into microgrids, will only accelerate. So they adapt by revising business practices, introducing new services, tools, and products, which will support the painless transformation of power systems into the new realm.

EditorialBy Olga Gorstenko, Editor-In-Chief [email protected]

Intermittent Success in the Battle between

Coal and Renewables

Editorial

June 2015

Incidentally, during the month of June, several ISOs announced initiatives that promote the smooth integration of renewable generation. ERCOT announced improvements to its wind forecasting methodology for expected availability of wind power capacity during peak demand periods. The formula updates, among other changes, include the segregation of data and the introduction of several zones for wind forecast. NYISOs 2015 Power Trends report identified the areas of adjustments needed for successful integration of distributed energy resources into the grid: the introduction of dynamic pricing, the availability of the currently inaccessible behind-the-meter data for load forecasting, and the development of new capacity and ancillary services and products to be offered by distributed resources through aggregators. California ISO expanded its set of Energy Imbalance Market data offerings by now streaming fifteen-minute and real-time dispatch prices at thousands of points through ISO Today, the mobile app.

If you believe that, in open competition, market forces shape a market economy and define the industry, and that market data, changes in data sources, and the introduction of new data reports serve as indicators of these forces, your conclusion should be easy to arrive at. It looks like coal is celebrating a rather intermittent victory over the intermittent renewable generation. 30 and zinc > 15; or calcium > 30 and phosphorus > 15), H2S 2ppm max.

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Petroleum

June 2015

The assessment would reflect fuel loading on a delivered basis, 1-8 days forward from the date of assessment. The minimum stem size would be 200 mt and the maximum stem size would be 1,000 mt.

Platts will continue to publish its current assessments for marine gasoil, which is also ECA-compliant.See the original announcement.

ZEMA, ZEs data management solution, collects over 300 Platts records on petroleum and other liquids. To learn more about ZEMAs vast data library, visit www.ze.com/the-zema-solutions/data-coverage.

Platts Launches Rotterdam FOB Jet Barge SwapsEffective June 1, 2015, Platts launched new assessments for FOB Rotterdam jet barge swaps at 4:30 p.m. London time. The swaps will be assessed as differentials to ICE low sulfur gasoil futures three months forward.

Platts will also publish the price in outright terms, as a differential to ICE Brent crude futures (crack), as a spread to CIF NWE jet cargoes and as a spread to FOB ARA diesel barges.

Platts will publish these assessments in US dollars per metric ton on PFC page 1652, codes are as follows:

AAXVH00 Jet Rott FOB Brg Brent Crk Swap BalMo

AAXVM01 Jet Rott FOB Brg Brent Crk Swap Mo01

AAXVM02 Jet Rott FOB Brg Brent Crk Swap Mo02

AAXUH00 Jet Rott FOB Brg Flat Prc Swap BalMo

AAXUM01 Jet Rott FOB Brg Flat Prc Swap Mo01

AAXUM02 Jet Rott FOB Brg Flat Prc Swap Mo02

AAXWH00 Jet Rott FOB Brg vs Jet NWE CIF Crg Swap BalMo

AAXWM01 Jet Rott FOB Brg vs Jet NWE CIF Crg Swap Mo01

AAXWM02 Jet Rott FOB Brg vs Jet NWE CIF Crg Swap Mo02

AAXTH00 Jet Rott FOB Brg vs LS GO Frontline Swap BalMo

AAXTM01 Jet Rott FOB Brg vs LS GO Frontline Swap Mo01

AAXTM02 Jet Rott FOB Brg vs LS GO Frontline Swap Mo02

AAXXH00 Jet Rott FOB vs ULSD 10ppm ARA Brg Swap BalMo

AAXXM01 Jet Rott FOB vs ULSD 10ppm ARA Brg Swap Mo01

AAXXM02 Jet Rott FOB vs ULSD 10ppm ARA Brg Swap Mo02

ABWCX00 Jet Kero NWE CIF Crg Brent Crk Swap BalMo

See the original announcement.

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Petroleum

June 2015

Platts Introduces New Asian Supramax Dry Bulk Petcoke AssessmentsEffective June 1, 2015, Platts launched two new dry bulk Supramax freight assessments, reflecting established trade routes of petcoke from the US Gulf Coast.

These new assessments reflect strong market interest in these routes and will be based on modern Supramax dry bulk tonnage. Both assessments are published on a dollar per metric ton basis. The following two routes were introduced:

Size Cargo type Origin Destination

50kt petcoke Houston Krishnapatnam, East Coast India

50kt petcoke Houston Qingdao, North ChinaSee the original announcement.

ZEMA collects Platts petroleum data from all over the world, including more than 60 regular Platts reports from Europe. To learn find out how ZEMA can use this data to generate sophisticated forward curves, visit www.ze.com/the-zema-suite/curve-manager.

Platts Launches New East/West Naphtha AssessmentsAs of June 1, 2015, Platts published assessments of the East/West Naphtha Swap spreads at 16:30 London time. The East/West naphtha swap spread will represent the difference between the comparable months Mean of Platts Japan Naphtha and the Naphtha Northwest Europe CIF Cargo Swaps.

Platts adds these assessments to its existing naphtha derivative suite to enhance its coverage of the naphtha market and better represent the key arbitrage route between Europe and Asia.

The new price assessments cover three calendar months forward from the date of publication. Platts will publish bids, offers and interest to trade the East/West Naphtha Spread in the Platts Market on Close assessment process.

Platts will publish these assessments in US dollars per metric ton on PFC page 1692, codes are as follows:

MANJM01 Naphtha CFR MOPJ vs Naphtha NWE CIF Crg Swap Spread London Mo01

MANJM02 Naphtha CFR MOPJ vs Naphtha NWE CIF Crg Swap Spread London Mo02

MANJM03 Naphtha CFR MOPJ vs Naphtha NWE CIF Crg Swap Spread London Mo03See the original announcement.

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Petroleum

June 2015

Argus to Add West African Crude AssessmentsEffective July 6, 2015, Argus is adding the following new codes to the Argus European Crude data module. The following PA code details will appear in the DLC module in the DCRDEEU folder on ftp.argusmedia.com. These daily codes have time stamps of 0, continuous forwards of 0, and are in USD/bl.

PA-code Price type Description Differential basis Category

PA0016212 1, 2, 3 Jubilee North Sea Dated >Crude>West Africa

PA0016230 1, 2, 3 Usan North Sea Dated >Crude>West AfricaSee the original announcement.

ZEMA collects over 100 Argus reports regularly, more than 40 of which pertain to petroleum products. To find out how ZEMA can convert this data into sophisticated analyses, visit www.ze.com/the-zema-solutions/analytics.

Argus Adds New North Sea Crude AssessmentsEffective June 29, 2015, Argus added the below new codes to the Argus European crude data module and Argus Asia & Midday European crude data module. The following PA code details appear in the DLC module in the DCRDEEU folder on ftp.argusmedia.com and the DMC module in the DCRDEASIA folder on ftp.argusmedia.com. These daily codes have time stamps of 6, price types of 8, continuous forwards of 0, and are in USD/bl.

PA-code Description Category

PA0016796 North Sea intermonth month1/month2 >Crude>North Sea

PA0016797 North Sea intermonth month2/month3 >Crude>North Sea

PA0016798 North Sea intermonth month3/month4 >Crude>North SeaSee the original announcement.

Argus Adds US-Taiwan Isoprene SeriesEffective June 22, 2015, Argus has started the following series in the Argus DeWitt C5 and Hydrocarbon Resins data feed. For FTP subscribers, these changes apply to the dhydrocarbons file in the DHydrocarbons folder of ftp.argusmedia.com.

This monthly code has a time stamp of 0, a price type of 8, a continuous forward of 1, and is in USD/t.

PA-code Description Category

PA0016887 Isoprene US import cif Taiwan month >Petrochemicals>Hydrocarbons


ZEMA collects more than 90 Argus reports from North America alone, more than 40 of which pertain to petroleum products. To find out how ZEMA can analyze this data and share this analysis with downstream systems, visit www.ze.com/the-zema-solutions.

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Petroleum

June 2015

Argus Introduces North American Base Oil AssessmentsEffective June 6, 2015, Argus added the following new codes to the Argus Base Oils data module. The following PA code details will appear in the dbo and dbow files in the DBASEOILS folder onftp.argusmedia.com.

The csv PA-code details are listed below. These weekly codes have time stamps and continuous forwards of 0:

PA-codePrice type

Description Unit Category

PA0015538 8Base oil Group 2+ 110/130 Safety-Kleen US midcontinent and Canada $/USG

USD/USG >Base oils>US>Group II+

PA0015539 8Base oil Group 2+ N240 Safety-Kleen US midcontinent and Canada $/USG

USD/USG >Base oils>US>Group II+

PA0015540 8Base oil Group 2+ 110/130 Safety-Kleen US midcontinent and Canada $/t

USD/t >Base oils>US>Group II+

PA0015541 8Base oil Group 2+ N240 Safety-Kleen US midcontinent and Canada $/t

USD/t >Base oils>US>Group II+


Argus Launches New German and French Gasoil Heating Oil CodesEffective May 29, 2015, Argus added child codes for German gasoil heating oil NWE and French gasoil heating oil W MED. Fridays snapshots which will be publishing in Argus Export Nefteproduktov. The following codes have a time stamp of 6, a continuous forward of 0, and are in USD/t.

PA-code Price type Description Differential basis

Category

PA5001546 1, 2, 6, 7 Gasoil heating oil German NWE cif Fri snapshot

Ice Gasoil Settlement

>Products>Gasoil/Diesel/Heating oil>Northwest Europe

PA5001547 1, 2, 6, 7Gasoil heating oil French W Med cif Fri snapshot


>Products>Gasoil/Diesel/Heating oil>Mediterranean


With ZEMA, you can access daily data reports on heating oil from Platts, ICE, and the EIA. To find out how ZEMA can use this data to increase your companys market intelligence, book a free demo at www.ze.com/book-a-demo.

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Petroleum

June 2015

Argus Adds Light and Heavy Basrah FOB AssessmentsEffective May 22, 2015, Argus added the below new codes to the DAGM data module in the DAGM folder of the ftp.argusmedia.com server. These weekly assessments have time stamps of 8 and are in USD/bl.

PA-code Price type Continuous forward

Description Differential basis

Category

PA5001538 1, 2, 3 1 Basrah Light fob Iraq month snapshot

Formula >Crude>Mideast Gulf

PA5001541 1, 2, 3 0 Basrah Light fob Iraq month weekly avg


PA5001542 1, 2, 3 1 Basrah Heavy fob Iraq month snapshot


PA5001545 1, 2, 3 0 Basrah Heavy fob Iraq month weekly avg



Furthermore, on May 29, 2015, Argus added the following Basrah light and heavy FOB assessments. These weekly assessments are also in USD/bl, have continuous forwards of 0, time stamps of 8.


Category

PA5001539 1, 2, 3 Basrah Light fob Iraq month monthly avg


PA5001543 1, 2, 3 Basrah Heavy fob Iraq month monthly avg



As well, on June 30, 2015, Argus added the below codes to the DAGM data module in the DAGM folder of the ftp.argusmedia.com server. These weekly codes have time stamps of 8, continuous forwards of 0, and are in USD/bl.


Category

PA5001540 1, 2, 3 Basrah Light fob Iraq month quarterly avg


PA5001544 1, 2, 3Basrah Heavy fob Iraq month quarterly avg



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Petroleum

June 2015

CME Lists Two Existing Heating Oil Futures on CME GlobexEffective June 14, 2015, New York Mercantile Exchange, Inc. (NYMEX) listed two existing futures contracts on the CME Globex trading platform as described in the table below.

Contract Titles Rule ChapterClearing Code

CME Globex Code

CME Globex Listing Schedule

Gulf Coast Heating Oil (Argus) vs. New York Harbor ULSD Futures

244 7U 7U 36 consecutive months

Gulf Coast Heating Oil (Argus) Futures

243 4U 4U 36 consecutive months

These contracts will continue to be available for trading on the NYMEX trading floor and for clearing through CME ClearPort with an unchanged listing schedule. The CME Globex trading hours for these contracts will be: Sunday Friday 6:00 p.m. 5:15 p.m. with a 45-minute break each day beginning at 5:15 p.m.See the original announcement.

ZEMA collects more than 100 regular reports from CME, including more than 20 on petroleum and other liquids. To learn more about ZEMAs extensive data coverage, visit www.ze.com/the-zema-solutions/data.

Platts Discontinues Rubber Index NewsletterEffective June 15, 2015, Platts has discontinued the Platts Rubber Index (RBX) newsletter. Natural rubber assessments will still be available on Platts Petrochemical Alert page 680 (PCA680), the Olefinscan, and under the following codes in the Platts price database until further notice:

Platts Rubber Index Daily NOON Assessments

Rubber TSR 20 FOB Singapore Mo01 USD KG AAWDN00

Rubber TSR 20 FOB Singapore Mo01 USD MT AAWDM00

Rubber TSR 20 FOB Singapore Mo02 USD KG AAWDN00

Rubber TSR 20 FOB Singapore Mo02 USD MT AAWDM00

Rubber RSS 3 FOB Singapore Mo01 USD KG AAWDR00

Rubber RSS 3 FOB Singapore Mo01 USD MT AAWDQ00

Rubber RSS 3 FOB Singapore Mo02 USD KG AAWDT00

Rubber RSS 3 FOB Singapore Mo02 USD MT AAWDS00

Platts Rubber Index Daily NOON Assessments Mavg Wavg

Rubber TSR 20 FOB Singapore Mo01 USD KG AAWDF00 AAWDF03 AAWDF04

Rubber TSR 20 FOB Singapore Mo01 USD MT AAWDE00 AAWDE03 AAWDE04

Rubber TSR 20 FOB Singapore Mo02 USD KG AAWDH00 AAWDH03 AAWDH04

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Petroleum

June 2015

Rubber TSR 20 FOB Singapore Mo02 USD MT AAWDG00 AAWDG03 AAWDG04

Rubber RSS 3 FOB Singapore Mo01 USD KG AAWDJ00 AAWDJ03 AAWDJ04

Rubber RSS 3 FOB Singapore Mo01 USD MT AAWDI00 AAWDI03 AAWDI04

Rubber RSS 3 FOB Singapore Mo02 USD KG AAWDL00 AAWDL03 AAWDL04

Rubber RSS 3 FOB Singapore Mo02 USD MT AAWDK00 AAWDK03 AAWDK04


Platts Discontinues Gasoil Minus Palm Oil SpreadEffective June 11, 2015, Platts discontinued its GO-PO spread, which reflected the value of first-month InterContinental Exchange (ICE) gasoil futures, as listed by ICE, against first-month crude palm oil futures, as listed on Bursa Malaysia, at 4:30 p.m. Singapore time (8:30 GMT).

GO-PO measured the spread as gasoil minus Palm oil, while in the general market the spread is typically expressed as Palm oil minus gasoil. The GO-PO spread, under the assessment symbol code BMAAB00, was published in Platts Biofuelscan.See the original announcement.

Platts Stops Publishing ICE Brent UK AssessmentsEffective May 14, 2015, Platts stopped publishing ICE Brent NX assessments because ICE delisted the contract.

ICE Brent NX assessments were published on Platts Global Alert pages 702 and 703, in the Oilgram Price Report, and in the Crude Oil Marketwire.

The prices were also published in Platts Market Data under the following codes: AAXZL00, AAXZM00, AAXZN00, and AAYAP00.See the original announcement.

The graph below illustrates the price difference of Brent crude on CME NYMEX during the week of June 15, 2015. Data: ZEMA CME NYMEX Futures Settlement report. Leverage ZEMAs sophisticated analytical functionalities to make more informed trading decisions about petroleum prices. To learn more, book a complimentary ZEMA demonstration.

Graph created with ZEMA

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Petroleum

June 2015

Argus Stops Two West African Oil AssessmentsAs of July 3, 2015, Argus stopped the following price series in the Argus West Africa Oil publication and data module. The following PA codes no longer appear in the DWAFO module in the \DWAFO folder on the ftp.argusmedia.com server. These daily assessments had time stamps of 0, continuous forwards of 0, and were in USD/bl.


PA0016212 3, 8 Jubilee North Sea Dated >Crude>West Africa

PA0016230 3, 8 Usan North Sea Dated >Crude>West Africa


Argus Stops Certain Russian Gasoil AssessmentsEffective June 1, 2015, Argus stopped the below codes for Russian Gasoil in Argus Export Nefteproduktov. These assessments had a time stamp of 6, a continuous forward of 0, and were in USD/t.


PA5001265 1, 2, 6, 7 Gasoil Russian cargo NWE cif Fri Snapshot


>Products>Gasoil/Diesel/Heating oil>Russia

PA5001266 1, 2, 6, 7 Gasoil Russian cargo W Med cif Fri Snapshot


>Products>Gasoil/Diesel/Heating oil>Russia


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Petroleum

June 2015

Argus Amends Descriptions for Mediterranean Fuel Oil AssessmentsOn July 1, 2015, Argus changed the descriptions for the following codes belonging to DFSUE and DLP. The current and previous descriptions are noted below. These assessments have time stamps of 6, continuous forwards of 0, and are in USD/t.

PA-code Price type Old Description New Description Category Frequency

PA5000855 1, 2, 8Fuel oil 3.5% 0.998 W Med cif wed snapshot

Fuel oil 3.5% W Med cif wed snapshot

>Products>Fuel oil>Mediterranean

Weekly

PA0000761 1, 2, 8Fuel oil 3.5% 0.998 W Med cif

Fuel oil 3.5% W Med cif


Daily

PA0000762 1, 2, 8Fuel oil 3.5% 0.998 W Med fob

Fuel oil 3.5% W Med fob


Daily

PA0008660 1, 2, 8Fuel oil 3.5% 0.998 W Med cif average month

Fuel oil 3.5% W Med cif average month


Monthly

PA0008661 1, 2, 8Fuel oil 3.5% 0.998 W Med fob average month

Fuel oil 3.5% W Med fob average month


Monthly


Natural Gas

June 2015

Natural Gas

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Argus Launches Zeebrugge Natural Gas AssessmentsAs of July 1, 2015, Argus introduced the following codes to Argus European Natural Gas. The following PA code details will appear in the DNG module in the DENG folder on ftp.argusmedia.com. These assessments have a time stamp of 6 and a daily frequency.

PA-codePrice type

Continuous forward

DescriptionDifferential basis

Unit Category

PA0016847 1, 2, 8 1, 2Natural gas Zeebrugge p/th Gas year

- p/th>Natural gas> Europe>Zeebrugge

PA0016848 1, 2, 8 1, 2Natural gas Zeebrugge Eur/MWh Gas year

-Euro/MWh

>Natural gas> Europe>Zeebrugge


ZEMA collects over 700 data reports regarding natural gas. To learn more about ZEMAs vast data library, visit www.ze.com/the-zema-solutions/data-coverage.

ICE, GME, and Snam to Introduce Italian Natural Gas FuturesOn September 14, 2015, Intercontinental Exchange (ICE) Endex expects to introduce physically delivered Italian natural gas futures contracts (Punto di Scambio Virtuale Virtual Trading Point; PSV) in cooperation with Gestore dei Mercati Energetici S.p.A (GME) and Snam S.p.A., and in compliance with Italian law.

In collaboration with GME, the Italian exchange for electricity and natural gas spot trading, Snam, the Italian transmission systems operator, and the Italian authorities, ICE is the first exchange to create a solution for the physical delivery of natural gas futures contracts in Italy.

The launch of PSV futures extends ICEs European natural gas offering, which includes futures markets across the NBP, TTF, ZTP, NCG and GASPOOL natural gas trading hubs. Market participants trading the new PSV contracts on the ICE trading platform will be able to trade implied and locational spreads between ICEs natural gas hubs, such as TTF and PSV. In addition, PSV futures contracts will trade alongside the recently launched Italian Power Base Load and Italian Power Peak Load futures contracts at ICE Endex. Market participants can therefore benefit from margin offsets and capital efficiencies at ICE Clear Europe.See the original announcement.

Coal

June 2015 21

Coal

Platts to Assess Illinois Basin 11,800 FOB Basin CoalOn June 10, 2015, Platts announced its intention to assess a weekly price for Illinois Basin 11,800 Btu/lb, 5 lbs SO2/MMBtu FOB barge coal. The weekly assessment will reflect the price of such coal in the US physical market for three forward quarters and one forward calendar year.

The specifications for the coal are an average heat content of 11,800 Btu/lb with typical sulfur content of 5 lbs SO2/MMBtu FOB barge. The price will be reported in $/st.

Platts weekly coal assessments for the US physical market are published in the Weekly Price Survey, Traditional Physical Market table on the final business day of the week.See the original announcement.

ZEMA collects more than 20 different coal records from Platts alone. For a complimentary demo on how ZEMAs data coverage can be specialized for your companys needs, visit www.ze.com/book-a-demo.

Argus Adds US Coal AssessmentsAs of June 16, 2015, Argus has added the following codes to the Argus Coal Transportation data module. The following PA code details will appear in the dctr in the DCTR folder onftp.argusmedia.com.

The following weekly codes have time stamps of 21, continuous forwards of 1, and are in USD/st.

PA-code Price type Description Category

PA0002471 1, 2, 8IL Basin 6.0+ 11000 IL Indiana Mine quarter

>Coal>Americas>Illinois Basin

PA0002473 1, 2, 8IL Basin 5.0 11500 IL Indiana Mine quarter

>Coal>Americas>Illinois Basin

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Coal

June 2015


PA0002480 1, 2, 8 Pittsburgh Seam 4.5 13000 quarter >Coal>Americas>Pittsburgh Seam

PA0002481 1, 2, 8 Pittsburgh Seam 3.5 13000 quarter >Coal>Americas>Pittsburgh Seam

PA0002483 1, 2, 8Colorado/Utah 11300 Western Bituminous quarter

>Coal>Americas>Colorado/Utah

PA0002484 1, 2, 8Colorado/Utah 11700 Uinta Basin Utah quarter

>Coal>Americas>Colorado/Utah

PA0002627 1, 2, 8 Central Appalachia Nymex Spec quarter>Coal>Americas>Central Appalachia

PA0002630 1, 2, 8Central Appalachia 1.6 12500 CSX quarter

>Coal>Americas>Central Appalachia

PA0002632 1, 2, 8 Powder River Basin 0.8 8400 quarter>Coal>Americas>Powder River Basin

PA0002633 1, 2, 8 Powder River Basin 0.8 8800 quarter>Coal>Americas>Powder River Basin

PA0012569 8Central Appalachia Coal>Americas>Central Appalachia


CME Lists Existing Coking Coal Contract on CME Globex TradingEffective June 14, 2015, New York Mercantile Exchange, Inc. (NYMEX) listed an existing futures contract on the CME Globex trading platform as described in the table below.

Contract Titles Rule ChapterClearing Code

CME Globex Code CME Globex Listing Schedule

Australian Coking Coal (Platts) Low Vol Futures

1111 ALW ALWCurrent year plus the next three calendar years

This contract will continue to be available for trading on the NYMEX trading floor and for clearing through CME ClearPort with an unchanged listing schedule. The CME Globex trading hours for this contract will be: Sunday Friday 6:00 p.m. 5:15 p.m. with a 45-minute break each day beginning at 5:15 p.m.See the original announcement.

ZEMA regularly collects nearly 150 data reports on coal. To learn how ZEMA uses this data to create impressive analyses and forward curves, visit www.ze.com/the-zema-solutions.

Softs and Metals

June 2015 23

Softs and Metals

SOFTS

Platts to Introduce Supplementary Biofuels RIN CodesAs of July 27, 2015, Platts intends to introduce identifying codes to biofuels RINs (Renewable Identification Number) assessments, which would be unique to each calendar year and would supplement the existing RINs codes. In the current system for identifying RINs assessments, Platts uses rolling codes aligned with compliance years under the Renewable Fuel Standard. For example, the current codes for corn-based ethanol (D6) RINs are RINCY01 for 2014 ethanol RINs and RINCY02 for 2015 ethanol RINs.

Under the proposed method, Platts would introduce supplementary identifying codes such as 2015D6 for 2015 ethanol RINs to offer an alternative solution for tracking the assessments historically.See the original announcement.

Argus Adds European Fertilizer AssessmentsEffective July 3, 2015, Argus added the following new series to the Argus FMB Fertilizer Europe publication and data module. The following PA code details will appear in the DEuroFert module in the DEuroFert folder on ftp.argusmedia.com. These weekly codes have time stamps of 0, continuous forwards of zero 0, and are in Euro/t.


PA0016833 1, 2 Muriate Of Potash granular fca bulk Belgium >Fertilizer>Potash

PA0016834 1, 2 15-15-15 cpt bulk France >Fertilizer>Nitrogen

PA0016835 1, 2 CAN 27% bulk cpt France >Fertilizer>Nitrogen

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PA0016836 1, 2 Potash Granular MOP bulk fca France >Fertilizer>Potash


ZEMA can help you keep you up to date on more than 700 regular Argus reports, including several on softs. To find out how, book a free demo at www.ze.com/book-a-demo.

Argus Introduces Algerian Urea Granular Bulk FOB AssessmentEffective May 21, 2015, Argus Media introduced the following new weekly assessment to the Argus FMB Weekly Nitrogen report and datafeed. The assessment is in USD/t and has a timestamp and continuous forward of 0.


PA0016786 1, 2 Urea granular bulk fob Algeria >Fertilizer>Urea


TMX Group Launches AgriClear Platform for US and Canadian Cattle Buyers and SellersOn June 16, 2015, TMX Group announced the launch of AgriClear, an online platform designed to provide US and Canadian cattle buyers and sellers with an efficient, cost-effective transaction and payment service.

AgriClear offers cattle producers a new way to do business with benefits for both buyers and sellers, including assured payment for cattle delivered at the terms negotiated. AgriClear allows marketers to securely list and execute cattle transactions from their computer.

AgriClear has offices in Calgary, Houston, Bowling Green (Kentucky), and Greeley (Colorado) and is designed to provide a lower cost structure, an expanded market with a broader network of verified members, and financial certainty for transactions, with NGX acting as administrator of AgriClears back-office payment and settlement services.See the original announcement.

ZEMA regularly collects more than 100 data reports on softs. To learn more about ZEMAs extensive data coverage, visit www.ze.com/the-zema-solutions/data-coverage.

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Platts to Discontinue non-Renewable Energy Directive Biodiesel FOB ARA AssessmentsEffective January 1, 2016, Platts proposes to discontinue all biodiesel FOB ARA assessments for product not certified as compliant with the EUs Renewable Energy Directive.

The following assessments would be discontinued:

Biodiesel FAME -10 FOB Rdam Barge $/mt AAWGY00

Biodiesel FAME 0 FOB Rdam Barge $/mt AAXQL00

Biodiesel RME FOB ARA Barge $/mt AAUCA00

Biodiesel Europe Premium (non-RED) FAME 0 FOB ARA $/Mt AAXNV00

Biodiesel Europe Premium (non-RED) RME FOB NWE $/Mt AAXNW00

Biodiesel FAME -10 Brg ARA $/MT WAvg AAWGY04

Biodiesel FAME 0 FOB Rdam Barge $/mt WAvg AAXQL04

Biodiesel RME FOB ARA Barge $/mt WAvg AAUCA04

Biodiesel FAME -10 FOB Rdam Barge $/mt MAvg AAWGY03

Biodiesel FAME 0 FOB Rdam Barge $/mt MAvg AAXQL03

Biodiesel RME FOB ARA Barge $/mt MAvg AAUCA03


Platts Ends non-Renewable Energy Directive European SME Biodiesel AssessmentEffective May 30, 2015, Platts has discontinued its assessment for Northwest European SME biodiesel, holding no proof of sustainability under the EUs Renewable Energy Directive.

This assessment corresponds with oracle code AAUCB00 and is published in the Platts database and on Biofuelscan. The weekly (AAUCB03) and monthly (AAUCB04) averages will also be discontinued.See the original announcement.

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Platts to Launch Minimum Greenhouse Gas Saving for Standard T2 EthanolEffective October 19, 2015, Platts standard T2 ethanol FOB Rotterdam assessments will include a minimum greenhouse gas saving when compared to the fossil fuel comparator, as per the European Unions Fuel Quality Directive calculation.

Platts invites feedback regarding the actual level which should be set for the minimum greenhouse gas saving spec for the standard T2 ethanol assessment. Platts continues to monitor the activity and development of the European ethanol market in light of the change to the German domestic biofuel mandate and will adapt its methodology as necessary to reflect standard spot market trade flows.

The fossil fuel comparator and greenhouse gas saving calculation reflected will be per the prevailing implementation of the Fuel Quality Directive in Germany. All other specifications will conform to the prevailing Renewable Energy Directive 2009/28/EC.See the original announcement.

ZEMAs vast data coverage comprises records on many kinds of agricultural products, including ethanol. To learn more, visit www.ze.com/the-zema-solutions/data-coverage.

The graph below shows the EIAs carbon emissions forecasts for coal, natural gas, and petroleum in contrast to expected totals up until the end of 2016. Data: ZEMA EIA Forecast STEO Macroeconomic Energy Indicators report. Keep track of global emissions updates using ZEMAs data collection and validation tools. To learn more, book a complimentary ZEMA demonstration.

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June 2015

Argus Revises and Replaces Select European Fertilizer CodesAs of July 3, 2015, Argus has changed the descriptions for the following codes.

PA-code Old description New description

PA0012893Ammonium Nitrate 33.5% delivered bulk France

Ammonium Nitrate 33.5% cpt bulk France

PA0012897 0-25-25 delivered bulk France 0-25-25 cpt bulk France

PA0012899 N+S 24N + 15SO3 delivery bulk France N+S 24N + 15SO3 cpt bulk France

Furthermore, Argus replaced the following codes.

PA-code DescriptionStart date

End dateReplacement Code

Replacement Description

Replacement Start Date

PA0012889Muriate Of Potash granular cif bulk

15-Jan-2010

03-Jul-2015

PA0016833Muriate Of Potash granular fca bulk Belgium

03-Jul-2015

PA001289817-17-17 delivered bulk France

25-Oct-2013

03-Jul-2015

PA001683415-15-15 cpt bulk France

03-Jul-2015


Metals

Platts to Add New US Lead-Acid Battery AssessmentAs of August 4, 2015, Platts intends to launch a new weekly price assessment for scrap used lead-acid batteries reflecting market activity in the US Northeast, and to clarify the specification and name of its existing Midwest lead-acid battery assessment.

The new assessment would be for used 50% lead-acid, starter lighter ignition automotive batteries, picked up US Northeast, with the northeastern region for price normalization to include New York, New Jersey, Pennsylvania, Delaware, Maryland, Connecticut, Massachusetts, Vermont, New Hampshire, Rhode Island, Maine, and Ontario, Canada.

The specification would be for a minimum quantity of one truckload (42,000-44,000 lb), normalized to a typical order size one to five truckloads, packaged in shrink-wrapped pallets or skids, pallet size 40 or 44 by 48, maximum 3,600 lb/skid, no more than three battery layers separated by cardboard sheets; assessed in a cents/lb range reflecting the majority of business, normalized to a picked-up US Northeast basis, delivery within 30 days, net-30-day payment terms.

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Platts is also clarifying that the name of its existing lead-acid battery price assessment (MMLAA04) is used lead-acid batteries picked-up US Midwest, and that the assessment is normalized to a Midwest region including Ohio, Michigan, Wisconsin, Minnesota, Indiana, Illinois, Kansas, Nebraska, Missouri, Iowa, and Arkansas. Other specifications remain unchanged, in line with the specifications for the new assessment.

Both assessments would be assessed once a week on Tuesdays or the closest business day through a survey of secondary lead smelter buyers, scrap dealers/processors, traders, and brokers. See the original announcement.

ZEMA collects more than 90 metals records from Platts alone. To gain a wider perspective on the metals market and find out how the ZEMA solution can enhance your companys business processes, visit www.ze.com/the-zema-solutions.

Platts Launches European Iron Ore Netback AssessmentsAs of July 1, 2015, Platts began publishing an IODEX 62% Fe iron ore netback assessment CFR Europe. Platts will publish, on a daily basis, the value of iron ore reflected in Platts benchmark IODEX assessment CFR China, implied on a CFR Rotterdam basis.

The value will be determined by applying a simple netback calculation, adding Capesize Tubarao to Rotterdam sea freight to Platts existing IODEX netback Brazil Capesize (IONBB00).

The assessment will be published on a dollar/dry metric ton basis and a monthly average would also be available. IODEX netback Rotterdam will follow the publishing schedule for IODEX in Singapore, provided it is not a public holiday in the UK on the same date.See the original announcement.

Platts Publishes Direct Reduction Iron Ore Pellet PremiumEffective July 1, 2015, Platts began publishing a monthly assessment for Direct Reduction Iron Ore Pellet Premiums (DR Pellet Premiums).

The DR pellet premium assessment complements the existing Atlantic Basin Blast Furnace Iron Ore Pellets Estimated Monthly Contract Price and reflects premiums paid under contract volumes for DR pellet globally.

The assessment reflects the premium paid for a high quality 67.5% Fe DR grade pellet, net of any further quality adjustments over a 65% Fe basis. The premium will be published on a dollar/dry metric ton basis. The DR pellet specification will reference 67.5% Fe, 1.5% Silica, 300 CCS, and sizing over 9 mm >94%.

The assessment will be published in Platts SBB Steel Markets Daily, on Platts Metals Alert, and in the Platts SBB Steel Price Analyzer.See the original announcement.

ZEMA collects more than 200 metals records, several of which regard iron products. To receive a complimentary ZEMA demonstration, visit www.ze.com/book-a-demo.

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June 2015

Argus Introduces Chinese Erbium Oxide AssessmentOn July 2, 2015, Argus introduced the following new assessment to Argus Rare Earths report and associated data feed. The data series is available in DRareEarths data module in /DRareEarths folder on ftp.argusmedia.com. This daily assessment has a time stamp of 0, a continuous forward of 0, and is in CNY/t.


PA0016805 1, 2 Erbium oxide min 99.5% ex-works China

>Metals - Non-ferrous>Rare Earths>Asia-Pacific


CME Lists Five Existing Metals Futures on CME GlobexEffective June 14, 2015, New York Mercantile Exchange, Inc. (NYMEX) listed five existing futures contracts on the CME Globex trading platform as described in the table below.

Contract TitlesRule Chapter

Clearing Code

CME Globex Code

CME Globex Listing Schedule

HMS 80/20 Ferrous Scrap, CFR Turkey (Platts) Futures

867 FSF FSF 24 consecutive months

European Hot Rolled Coil, Ex-Works Ruhr Germany (Platts) Futures

871 NSF NSF 24 consecutive months

Iron Ore 62% Fe, CFR North China (Platts) Futures

925 PIO PIOCurrent year and the next two calendar years

Chinese Steel Rebar HRB400 (Mysteel) Futures

1286 RBR RBR 12 consecutive months

Steel Billet, FOB Black Sea (Platts) Futures 869 SSF SSF 24 consecutive months

These contracts will continue to be available for trading on the NYMEX trading floor and for clearing through CME ClearPort with an unchanged listing schedule. The CME Globex trading hours for these contracts will be: Sunday Friday 6:00 p.m. 5:15 p.m. with a 45-minute break each day beginning at 5:15 p.m.See the original announcement.

ZEMA collects more than 200 reports on various metals from around the world. This data can then be used to create advanced analyses and forward curves before being pushed to downstream systems. To learn what ZEMA can do for your business, book a free demo at www.ze.com/book-a-demo.

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June 2015

The ZEMA graph below shows forecasted copper spot prices for the next four years based on data from the London Metal Exchange. Data: ZEMA LME Official Prices Report. The prices are represented by the graph, which can be easily applied as one of ZEMAs many visualization options, and graphs can be viewed instantly as the analytics are built. To learn more about how ZEMA can help with your data and analysis needs, book a complimentary ZEMA demonstration.


COMOX Lists Physically-Delivered Zinc Futures on CMEEffective June 28, 2015, Commodity Exchange, Inc. (COMEX) listed a new physically-delivered zinc futures contract (commodity code: ZNC; rulebook chapter 186).

This contract is available for trading on CME Globex and for submission for clearing through CME ClearPort.

The contract specifications are provided below:

Contract Name Zinc Futures

Commodity Code ZNC

Rulebook Chapter 186

Contract Size 25 metric tons

Listing Schedule CME Globex and CME ClearPort: 12 consecutive months

Termination of Trading Third last business day of the contract month

Minimum Price Fluctuation $0.50

Delivery Day All business days during the delivery month

Value per Tick $12.50

First Listed and Delivery Month October 2015

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Block Trade Minimum Threshold 10 contracts

CME Globex Match Algorithm First In First Out (FIFO)


Platts to Discontinue Numerous US Minor Metals PricesAs of January 7, 2016, Platts intends to discontinue publishing proprietary and third-party minor metals prices and assessments, with the exception of cobalt. As such, the last date of publication would be Thursday, December 31, 2015.

The prices to be discontinued are: New York Dealer Antimony AALXR00 New York Dealer Bismuth MMADA00 New York Dealer Cadmium 99.95%

MMADA00 New York Dealer Cadmium 99.95% Free

Market AALXQ00 Indium New York Dealer MMAKI00

New York Dealer Selenium MMAKI00 Indium Corp North American Producer

Price AALXS00 Mercury Free Market MMADJ00; Mercury

US Domestic MMAKK00 Rhenium AAGTD00; New York Dealer

Selenium AAGTD00

These prices would no longer be published on Platts Metals Alert or in Platts Metals Daily, Platts Market Center, and Market Data.

Platts will continue to assess and publish its full suite of cobalt prices. The minor metals markets are extremely illiquid, and mercury, cadmium, and selenium are becoming largely obsolete and being replaced by other materials in industrial usage on technical and environmental merits.See the original announcement.

Platts Discontinues LBMA Platinum and Palladium PricesEffective July 1, 2015, Platts has stopped publishing the morning and afternoon London Bullion Market Association platinum and palladium prices. As such, the last date of publication was Tuesday, June 30, 2015.

These prices are longer published on Platts Metals Alert, Platts Metals Daily, the LME Close edition of Platts Metals Daily, Platts Market Center, and Market Data.

These prices were administered by the London Metal Exchange since December 1, 2014.See the original announcement.

Finance

June 2015 32

Finance

ICE Launches Eris Standard Interest Rate Futures in Euro and Pound SterlingOn June 29, 2015, the Intercontinental Exchange (ICE) launched Eris standard interest rate futures contracts denominated in Euro (EUR) and Pound Sterling (GBP). The new contracts, Eris Standard EUR Interest Rate futures and Eris Standard GBP Interest Rate futures, will trade and clear at ICE Futures Europe and ICE Clear Europe. They are based on the product design of Eris Exchange US dollar-denominated Eris Standard Swap future and Eris Flex Swap future contracts.

Eris interest rate futures contracts replicate all of the cash flows and economics of comparable swaps traded in the over-the-counter market, including Price Alignment Interest (PAI), which are incorporated into a single futures-style variation margin cash flow. Additional contract features include capital, margin, and operational efficiencies of exchange-traded, cash-settled futures contracts, without physical delivery risk at maturity.

ICE plans to launch Eris iTraxx Main and Eris iTraxx Crossover during the second half of 2015. In December 2014, ICE entered into a multi-year license agreement with Eris to list futures and options contracts based on the Eris Methodology patent-pending product design on the ICE platform.See the original announcement.

ZEMA collects more than 100 ICE records. To learn more about how ZEMA can collect, aggregate, and analyze data, visit www.ze.com/the-zema-solutions.

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June 2015

Thomson Reuters Launches New Valuations and Transparency CapabilityOn June 23, 2015, Thomson Reuters announced the launch of Thomson Reuters Pricing Service Plus (TRPS Plus), a new DataScope capability for structured notes and hard-to-value over-the-counter (OTC) derivatives. TRPS Plus offers transparency into the evaluated price, methodologies, and market data associated with the price. TRPS Plus also provides risk analysis such as Value-at-Risk (VaR), Credit Valuation Adjustment (CVA) and Greeks.

TRPS Plus is accessible via Thomson Reuters DataScope Select, the global data delivery platform for non-streaming content. TRPS Plus is an addition to Thomson Reuters Pricing Service (TRPS). Prices are delivered throughout the day or at market closing times around the world depending on the asset class, with supporting commentary to provide insight on the days events.

With TRPS Plus in place, DataScope Select now covers more than 650 structured notes and derivatives. Combined with the legacy-Pricing Partners financial library, TRPS Plus effectively allows DataScope Select to deliver transparent pricing on all standard or non-standard derivatives. Valuation and risk reports are delivered intra-day or end-of-day according to customers requirements.See the original announcement.

Thomson Reuters Expands Coverage of Canadas Fixed Income MarketAs of June 4, 2015, Thomson Reuters began offering increased depth of coverage in Canadas fixed income markets from the electronic bond trading marketplace CBID, operated by Perimeter Markets Inc.

Real-time price and yield data from CBID is now available on Thomson Reuters Eikon, the companys flagship financial markets desktop, providing investors around the world with access to detailed information sourced from Canadas only live bond marketplace. Customers can also access the market data via Elektron Real Time, a low-latency, consolidated real-time feed that provides normalized, full-tick, depth-of-market data from exchanges around the world in a format that can be integrated into proprietary and third party applications.

Investors will have access to more than 3,500 lines of live inventory and depth-of-market data on Government of Canada and federal agency bonds, provincial bonds, municipal bonds, corporate bonds, strip bonds, and money markets. Data is based on live executable offerings (not indications of interest) from several of Canadas leading fixed income broker dealers and includes historical reference data going back to 2002.See the original announcement.

ZEMA, ZEs best-in-class data management solution, collects more than 75 records from Thomson Reuters on a daily basis. ZEMA can collect, display, and analyze data for market participants in any sector. For further information, visit www.ze.com/the-zema-solutions.

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June 2015

The graph below shows the historical trend of 10-year yields from selected Government of Canada benchmark bonds. Data: ZEMA Bank of Canada Bond Yields Monthly report. To learn more about ZEMAs robust analytical capabilities, book a complimentary ZEMA demo.


Nasdaq Lists Global X YieldCo Index ETFOn May 28, 2015, Nasdaq announced that Global X Funds listed a new exchange-traded fund (ETF), the Global X YieldCo Index ETF (YLCO).

YLCO seeks to provide investors with access to YieldCos, an emerging asset class of yield vehicles that are structured to deliver stable and growing dividend income derived from a portfolio of renewable energy assets. YieldCos looks for opportunities to add new operating assets to their portfolios, which can help grow cash flows and distributions to shareholders over time.See the original announcement.

ZEMA lets users stay up to date on a wide range of financial developments. ZEMA enables users to easily visualize data, news, and analytics in one screen, ensuring that users gain a global market snapshot. To learn more, visit www.ze.com/the-zema-suite/dashboard.

Nasdaq Lists Elkhorn S&P 500 Capital Expenditures ETFEffective May 27, 2015, Nasdaq announced that Elkhorn Investments listed a new ETF, The Elkhorn S&P 500 Capital Expenditures ETF (CAPX).

CAPX tracks the performance of the S&P 500 Capex Efficiency Index, which is designed to provide exposure to the 100 constituents of the S&P 500 that have exhibited the strongest capital discipline, in the form of efficient capital expenditures, over the near term. The index focuses on capex efficiency, not just capex spending levels, providing exposure to stocks that have maximized sales per unit of capital expenditures.See the original announcement.

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June 2015

ICAP Launches First Matching Session in Investment Grade Corporate EurobondsAs of June 11, 2015, ICAP Global Broking has launched its first matching session in investment grade (IG) corporate Eurobonds, complementing ICAPs existing execution model in this market.

Accessed via ICAP Global Brokings e-Commerce portal, the matching session takes place in the hybrid environment supported by ICAP voice brokers.See the original announcement.

Euronext Launches Country Indexes for Germany, Italy, and SpainEffective June 1, 2015, Euronext announced the launch of three country indexes: the Euronext Germany Index GR, the Euronext Italy Index, and the Euronext Spain Index. The indexes will serve as the underlying for new index futures and index options, which will be available for trading in the third quarter of 2015.

The country indexes are composed of the 30 companies with the highest free float market capitalization listed on the main markets of the respective country, with a free float higher than 15% and a 12-month velocity score of 20 or more. The review of the composition and a capping of 20% for individual companies will take place annually in October with quarterly updates for the number of shares.

In order to be able to offer investors greater transparency into the price performance of an index as well as the distributed dividends of the constituents, three different variants of the country indexes will be published: a price return, a net return, and a gross return index. Price return indexes do not take dividend payments into account, while gross return indexes include the fully paid dividends. Net return indexes include the paid dividends minus the applicable tax amount. Derivatives will be available on the price return variant of the Euronext Spain Index and the Euronext Italy Index and on the gross return variant of the Euronext Germany Index.See the original announcement.

ZEMA collects more than 25 NYSE Euronext data reports. This data can be viewed in conjunction with data from many other financial, commodity, or industry sources. To learn more about ZEMAs analytical capabilities, visit www.ze.com/the-zema-solutions/analytics.

Nasdaq Lists Two New ProShares Biotech ETFsOn June 23, 2015, Nasdaq announced that ProShares listed two new exchange-traded funds (ETFs), UltraPro Nasdaq Biotechnology ETF (UBIO) and UltraPro Short Nasdaq Biotechnology ETF (ZBIO). Both funds track the Nasdaq Biotechnology Index.

ProShares is the worlds largest provider of geared ETFs. Geared ETFs are designed to offer knowledgeable investors the opportunity to act on their views, whether its hedging

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June 2015

against downturns with inverse ETFs or using a leveraged ETF to get magnified exposure to a benchmark.

UBIO seeks to provide 3x and ZBIO seeks to provide -3x the daily performance of the Nasdaq Biotechnology Index, before fees and expenses. The Nasdaq Biotechnology Index is a modified capitalization weighted index that includes Nasdaq-listed companies classified as either biotechnology or pharmaceutical.See the original announcement.

CME Delists Two US Barclays Rate Futures Options and ContractsOn June 8, 2015, the Chicago Mercantile Exchange (CME) delisted two interest rate contracts, as set out in the table below.

Product Name Chapter Clearing Code

Barclays US Aggregate Bond Index Futures 435 LBA

Barclays US Aggregate Bond Index Options 435A LBA

These contracts were listed for trading on the CME trading floor and CME Globex. There was no open interest in these contracts.

The respective product rule chapters and terms and conditions contained in the Position Limit, Position Accountability and Reportable Level Table located in the Interpretations and Special Notices Section of Chapter 5 (Trading Qualifications and Practices) of the CME Rulebook were removed from the Exchange Rulebook.See the original announcement.

SSE, CFFE, and Deutsche Brse to Launch an Offshore Chinese MarketEffective May 27, 2015, Shanghai Stock Exchange (SSE), China Financial Futures Exchange (CFFE), and Deutsche Brse agreed on a strategic cooperation to launch a joint venture to develop and market financial instruments based on Chinese underlyings to international investors outside mainland China.

The Venture is designed to support the internationalization of the Chinese currency; therefore, products will be offered in Renminbi. The company will be named China Europe International Exchange and will commence market operations in Q4 2015. The initial scope of product development will cover cash market products for market launch.

Shanghai Stock Exchange and Deutsche Brse will each own 40% and China Financial Futures Exchange the remaining 20% of the venture. The new company will be incorporated in Germany.See the original announcement.

Weather and Em

issions

June 2015

Weather and Em

issions

37

Nasdaq Stockholm Launches Sustainable Bonds ListOn June 9, 2015, Nasdaq Stockholm launched a new list, Nasdaq Stockholm Sustainable Bonds. The list includes twelve bonds from the start, with a total nominal value of over 5.4 bn SEK. New bonds will be added on a continued basis.

Nasdaq Stockholm cooperated with Sustainalytics to develop the criteria for Nasdaq Stockholm Sustainable Bonds List in order to provide investors with a comprehensive view of sustainable investment alternatives at Nasdaq Stockholm. Sustainalytics helps issuers to develop green and other sustainability bond frameworks, and ensures bond proceeds are allocated, managed, and reported in a transparent manner through its second opinions.

Issuers who want to list sustainable bonds at Nasdaq Stockholm need comply with Nasdaq Stockholm Rule Book for Issuers. In addition to this, the following will be reviewed:

Use of proceeds The proceeds raised should be used for projects and activities that promote sustainability

Second opinion The issuer shall provide a second opinion provided by an experienced external party

Bonds included in Nasdaq Stockholm Sustainable Bond List from the launch:

Vasakronan AB VASA 445 GB SE0005561693 SEK 1 000 000 000

Vasakronan AB VASA 446 GB SE0005561701 SEK 300 000 000



Vasakronan AB VASA 460 GB SE0005932266 SEK 1 000 000 000


38

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issions

June 2015


Rikshem AB RHEM 105 SE0005991510 SEK 100 000 000




Rikshem AB RHEM 116 SE0007073903 SEK 350 000 000See the original announcement.

CME Delists Certain US and European Monthly, Weekly, and Seasonal Strip Index Futures and OptionsEffective June 8, 2015, the Chicago Mercantile Exchange (CME) delisted certain CME US and European Monthly, Weekly, and Seasonal Strip Index Futures and Options contracts as set forth below. There was no open interest in these contracts.

CME Rulebook Chapter 403 CME Degree Days Index Futures

CME Rulebook Chapter 405 CME Seasonal Strip Degree Days Index Futures

CME Rulebook Chapter 406 CME European HDD Index Futures

CME Rulebook Chapter 407 CME European Seasonal Strip HDD Index Futures

CME Rulebook Chapter 408 CME European CAT Index Futures

CME Rulebook Chapter 409 CME European Seasonal CAT Strip Index Futures

CME Rulebook Chapter 424 CME Weekly Average Temperature Index Futures

CME Rulebook Chapter 424A Options on CME Weekly Average Temperature Index Futures

The product rule chapters and terms and conditions contained in the Position Limit, Position Accountability, and Reportable Level Table located in the Interpretations and Special Notices Section of Chapter 5 (Trading Qualifications and Practices) of the CME Rulebook were removed from the Exchange Rulebook. The CME Rulebook chapters are provided in Exhibit 2 in blackline format.See the original announcement.

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Other

June 2015

EIA Releases New Energy Visualization WidgetAs of June 15, 2015, the US Energy Information Administration (EIA) released a new widget that allows internet users to display interactive visualizations of current energy data from EIA on their own websites. The widget pulls user-selected data from EIAs application programming interface (API) to create maps, line charts, pie charts, and bar graphs. The interactive visualizations are configured to always show the latest EIA data.See the original announcement.

ZEMA collects more than 350 records from the EIA, covering petroleum products, natural gas, coal, power, and finance. To learn more about ZEMAs vast data library, visit www.ze.com/the-zema-solutions/data-coverage.

Reuters Begins Offering Free News Content to Online PublishersOn June 9, 2015, Reuters announced that for the first time, it will offer a portion of Reuters multimedia news content for free to digital publishers through its publisher platform, Reuters Media Express. As the media industry navigates the unprecedented shift to digital publishing and online news consumption, Reuters is endeavoring to help publishers and expose more readers to its news content. This move marks the first time that Reuters has offered its content free-of-charge to publishers at this scale.

Digital publishers can now download and use a limited set of free, ready-to-publish Reuters news items per month including text, pictures, video and multimedia packages. This content covers world news, finance, business, sports, health, entertainment, politics, and more. The move will also allow users to search and view content without registration, requiring a log-in to download content from the Media Express site.See the original announcement.

Thomson Reuters Launches its Market Data Services in CMEs Aurora Data CenterEffective June 4, 2015, Thomson Reuters announced that it is extending the services it provides within the Chicago Mercantile Exchanges (CMEs) co-location facility located in Aurora, Illinois, to include managed real-time data feeds and its low-latency news service,

40

Other

June 2015

providing customers with high-performance content while lowering the cost of ownership.

The customers located in CMEs Aurora facility need access to cross-asset data and news to assist in making trading decisions. Thomson Reuters will now provide these services through Elektron Managed Services within the Aurora facility.

Through this service, customers who have their trading applications in CME Groups Aurora facility will be able to access Thomson Reuters Elektron Real Time consolidated market data feed and the low-latency News Feed Direct service via a simple cross-connect.See the original announcement.

ZEMA collects more than 4,000 regular data reports from over 400 sources. To learn how ZEMA users can utilize this data to create sophisticated analyses and forward curves, book a free ZEMA demo at www.ze.com/book-a-demo.

Thomson Reuters Expands Financial Markets Psychological Analysis ServiceAs of June 1, 2015, Thomson Reuters has extended the analytics offered through its MarketPsych Indices to include individual companies, alongside the indexes for countries, currencies, commodities, and industries already available.

First launched in 2012, Thomson Reuters developed its MarketPsych Indices in conjunction with MarketPsych LLC, a consultancy specializing in quantitative behavioral economics. The indexes provide real-time linguistic and psychological analysis of news and social media, converting qualitative indicators such as fear, performance forecasts, and trust in management into quantitative, actionable insight. The indexes announced on June 1 cover over 7,500 global companies.

Drawing from a pool of 40,000 primary global news sources and 7,000 social media sites, and covering historical media from 1998 to the present, Thomson Reuters MarketPsych Indices deliver real-time streaming, multi-dimensional sentiment data on more than 7,500 companies, over 180 countries and currencies, as well as other asset classes.See the original announcement.

Nasdaq Expands Presence in Canadian Market with New Data Centers in OntarioEffective June 8, 2015, Nasdaq announced the expansion of its Directors Desk corporate governance offering, specializing in electronic board portal workflow and content delivery, into Canada via the establishment of two new data centers in Ontario. Similar to the existing data centers in the United States and Sweden, Nasdaqs intent with this initiative is to more effectively service Canadian clients. The Canadian servers will be audited against SSAE 16 level II standards.See the original announcement.

ZEMA, ZEs enterprise data management solution, contains advanced display functionalities which enable users to easily align news updates from organizations such as NASDAQ OMX and OTC Markets next to market data, giving users an enhanced market perspective. For more information, visit www.ze.com/the-zema-suite/dashboard.

News from Data Vendors

June 2015 41


ZEMA Adds Electricity, Gas, Wind, Water, Oil, and Petrochemical Assessments in JuneFor 20 years, ZE PowerGroup Inc. (ZE) has consistently kept up to date on the latest in energy and commodity data changes. ZE collects data spanning oil, natural gas, electricity, weather, agriculture, emissions, and finance. ZE then provides its clients with access to both public (free subscription) and private data reports, including reports that are collected based on clients specific needs.

Since the last issue of DataWatch, ZE has added numerous data reports, including reports published by 3TIER, AESO, ASX Energy, ATCO Gas, Amerex, BM&FBOVESPA, Cargill, EOX Live, Foreign Exchange, NEISO, Netztransparenz.de, SENER, TransAlta, and UGS. The 14 added NEISO reports cover demand response settlement data. The nine Netztransparenz.de reports cover electricity data on 15-minute auction market volume, balancing energy, intraday market volume, wind and solar energy forecasts, and more. Six SENER reports provide data on crude oil exports by country; crude oil and NGL processing by refinery; and petroleum products exports, imports, sales, and production. These reports, along with other expansions of ZEs data collection within the last month, have been implemented in response to a need for greater data coverage in strategic areas of electricity, oil, natural gas, wind, and water.

To see the full list of ZEMA data providers, visit www.ze.com/the-zema-solutions/data-coverage.

ZE Adds Argus Spot Ticker Benchmark Data ServiceJune 1, 2015 - Argus is pleased to announce the addition of select data from the recently developed Argus Spot Ticker. This service targets the needs of the downstream fuels sector by providing pricing transparency to US gasoline, diesel, heating oil, ethanol, and RINs markets. The Argus Spot Ticker displays prices that are an assessment of the transactable value at regular intervals and specific moments in time, starting with the market open and ending with the market close.

Selected Argus Spot Ticker Benchmark Data is available through ZEMA including refined product price and differential values for the 8:00 a.m. (Open), 1:30, 2:30, 4:00 p.m. (Close) CST time-stamped benchmarks. Values are made available three times a day immediately following the publishing of the 1:30, 2:30, and 4:00 p.m. benchmarks, along with a low and high price at 4:00 p.m. representing values achieved during the eight hour market period.

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Through this service, you also have access to historical data.

The Argus Spot Ticker is a companion service to Argus US Products, a daily service on refined products markets. The fuel grades displayed in Argus Spot Ticker are also assessed in Argus US Products; however, the services use different methodologies and therefore produce different prices.

Additional information, including a published methodology, is available at www.ArgusSpotTicker.com.

To learn more about this service, please contact your Argus Media representative at [email protected].

EEX and EPEX SPOT Approved as Pre-registered RRMLeipzig / Paris / Copenhagen, June 4, 2015. European Energy Exchange (EEX) and EPEX SPOT have been approved as pre-registered reporting mechanisms (RRMs) by the Agency for the Cooperation of Energy Regulators (ACER). The authorization as an RRM is a prerequisite for offering data reporting services in the context of the Regulation on Market Integrity and Transparency (REMIT). ACER published the list of RRMs on June 3, 2015.

From October 7 onwards, all orders submitted to and transactions concluded on an Organized Market Place such as the exchanges of EEX Group will have to be reported to ACER. EEX, EPEX SPOT, Gaspoint Nordic and Powernext all members of EEX Group will support trading participants in fulfilling these obligations by providing data reporting services.

With this step, EEX Group contributes to transparency of the energy wholesale market while keeping complexity low. Gaspoint Nordic and Powernext will use the RRM of EEX which facilitates reporting for market participants.

About EEXThe European Energy Exchange (EEX) is the leading energy exchange in Europe. It develops, operates and connects secure, liquid and transparent markets for energy and commodities products. At EEX, contracts on Power, Coal and Emission Allowances as well as Freight and Agricultural Products are traded or registered for clearing. Alongside EEX, EPEX SPOT (incl. APX-Belpex), Powernext, Cleartrade Exchange (CLTX) and Gaspoint Nordic are also part of EEX Group. Clearing and settlement of trading transactions are provided by the clearing house European Commodity Clearing (ECC). For more information: www.eex.com

About EPEX SPOT The European Power Exchange EPEX SPOT SE operates the power spot markets for Germany, France, Austria and Switzerland. EPEX SPOT also provides market operation services for the

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Hungarian Power Exchange HUPX and coupling services for 4M Market Coupling on behalf of the Slovakian, Hungarian and Romanian Power Exchanges. Since 4 May 2015, EPEX SPOT has become 100% owner of APX Group including Belpex. APX operates the power spot markets for the Netherlands, the United Kingdom and Belgium. EPEX SPOT is a European company (Societas Europaea) based in Paris with branches in Leipzig, Vienna and Bern, as well as offices in Amsterdam, London and Brussels. 275 companies are active on EPEX SPOT and APX. 382 TWh were traded on EPEX SPOTs markets in 2014, and 92 TWh on APX. For more information: www.epexspot.com

About Gaspoint Nordic Gaspoint Nordic offers an exchange based market place for physical trade of natural gas in Denmark. The products offered all have short maturity ranging from within day to month ahead. Gaspoint Nordic provides a market place to producers, retailers, energy companies, trading representatives and large consumers on which they can buy or sell natural gas anonymous and with no credit risk. Trading at Gaspoint Nordic is based on continuous trading and is performed electronically through an internet based trading system. This market model promotes further competition and transparency hence contributing to a dynamic gas market. Gaspoint Nordic supports market based balancing in cooperation with the Danish TSO, Energinet.dk by offering extended trading hours in case of a gas supply crisis. Since January 2015 Energinet.dk and the European Energy Exchange, EEX share joint ownership of Gaspoint Nordic. For more information: www.gaspointnordic.com

About Powernext Powernext is a regulated market operating under AMF supervision. Powernext manages the natural gas activities of the EEX Group under the PEGAS brand throughout Europe, and operates the National Registry for electricity guarantees of origin in France. Powernext owns 40.3% in EPEX SPOT and 20% in EEX Power Derivatives. For more information: www.powernext.com

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Power Exchanges Sign Contract with Deutsche Brse for Delivery of the European Cross-Border Intraday SolutionJune 9, 2015. The European Power Exchanges (PXs) APX, Belpex, EPEX SPOT, GME, Nord Pool Spot, and OMIE are pleased to announce that they have signed, with the support of 15 Transmission System Operators (TSOs), a contract with Deutsche Brse AG for the development of the European Cross-Border Intraday Solution (XBID Solution). This marks a key milestone for the project.

Following the completion of the design phase, the development of the XBID solution will commence with immediate effect. It is due to be completed by spring 2016 and will be followed by a period of testing. Delivery of the solution into the market is expected in 2017.

After the successful coupling of European day-ahead markets, the single EU-wide intraday coupling is a key component for completing the European Internal Energy Market. With the rising share of intermittent generation in the European generation mix, connecting intraday markets through cross-border trading is an increasingly important tool for market participants to keep their trading positions balanced.

The PXs and TSOs are working closely together to respond to this need by delivering a transparent and efficient continuous cross-border intraday trading environment. In doing so, the XBID solution will create a single integrated European intraday market.

This XBID solution will be based on a common IT system, to be developed by Deutsche Brse AG, linking the local trading systems operated by the PXs, as well as the available cross-border transmission capacities provided by the TSOs. Orders entered by market participants in one bidding zone can be matched, in continuous trading, with orders similarly submitted by market participants in any other bidding zones covered by the XBID solution, provided there is cross-border capacity available.

Jean Verseille, Director European Affairs, RTE, and Co-Chair of the XBID Market Project Intraday Steering Committee, said: This is a key milestone in a complex project and reflects the intensive efforts and collaboration of the PXs and TSOs. Deutsche Brse AG is a renowned provider of trading solutions and we are looking forward to the delivery of a high quality product.

Mikael Lundin, CEO of Nord Pool Spot, and Co-Chair of the project with Jean Verseille added: Without doubt this is a very challenging project and reaching this milestone is a significant step. The assurance that the regulators have given us provides a foundation for moving forward.

The creation of a single integrated intraday market for energy is a crucial step towards a more efficient, sustainable use of available capacities across Europe, commented Hauke Stars, Executive Board Member of Deutsche Brse responsible for the Information Technology and

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Market Data + Services division. Our stable and reliable technology is a solid foundation for the European Cross-Border Intraday Solution.

About APX & BelpexAPX Group is one of Europes leading providers of power exchange and clearing services for the wholesale market, operating transparent platforms in the Netherlands, the United Kingdom and Belgium. APX Group provides exchange trading, central clearing & settlement and benchmark data and industry indices distribution services to over 180 members from more than 15 countries. Over 92 TWh was traded on APX markets in 2014 and 9 billion in energy trades cleared by APX. APX Group, including Belpex SA, is wholly owned by EPEX SPOT SE.

About GMEGestore dei Mercati Energetici S.p.A. GME is the company which organizes and manages the wholesale electricity market in Italy under principles of neutrality, transparency, objectivity and competition. Moreover, GME is directly committed to supporting the implementation of environmental protection policies, by organizing and managing Environmental Markets. Law no. 99 of 23 July 2009 also assigned GME, on an exclusive basis, with the organization and economic management of natural-gas markets, which consist of the Platform for the trading of natural gas (P-GAS), the Spot Gas Market (M-GAS) and the Gas Balancing Platform (PB-GAS), as well as of forward physical natural-gas markets. Finally, GME was also entrusted with the organization of a market of mineral-oil logistic services, the collection of storage capacity data and the organization of a wholesale market of liquid oil products for the transport sector.

About Nord Pool SpotNord Pool Spot operates Europes leading power markets, offering both day-ahead and intraday trading to its members. 380 companies from 20 countries trade on Nord Pool Spots markets in the Nordic and Baltic regions, Germany, and on our UK market N2EX. In 2014 the group had a total turnover of 501 TWh traded power. Our markets are operated from offices in Oslo, Stockholm, Helsinki, Copenhagen, Tallinn and London. Nord Pool Spot strives continually to strengthen its business by working with integrity, together with members and stakeholders, to achieve excellence.

About OMIEOMI, polo espaol S.A. (OMIE) is a Spanish company created with the purpose of managing markets in underlying energy assets. As its main function, OMIE is responsible for the management of the Iberian spot electricity markets, running every day the day-Ahead Market and six intraday markets encompassing all Iberian energy. In 2014, over 830 agents from several countries executed through OMIE 13.9 million transactions representing an energy traded volume of 259 TWh, of which 35 TWh were traded in the intraday markets; this volume amounted to more than 10.9 billion. In addition to this principal function, OMIE is responsible for the management of several energy-related product auctions.

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The Transmission System Operators involved in the project are: 50Hertz, Amprion, Austrian Power Grid, BritNed Development Limited, Creos, Elia, Energinet.dk, Fingrid, National Grid Interconnectors, RTE, Statnett, Svenska kraftnt, Swissgrid, TenneT TSO B.V. (Netherlands), TenneT TSO GmbH (Germany) and TransnetBW

About Deutsche Brse GroupAs a leading provider in global securities services, Deutsche Brse Group offers products and services to issuers, investors, intermediaries and market data providers. The group covers the entire process chain from trading, through clearing and settlement to securities custody. Deutsche Brse also offers market data, indices and analyses and is a service provider for the development and operation of IT systems.

To find out more about the European Cross-Border Intraday Solution, visit the following websites:

www.apxgroup.com www.belpex.be www.epexspot.com www.mercatoelettrico.org www.nordpoolspot.com www.omie.es

New Exchange Council Approves Organized Secondary Market for Capacity Guarantees in FranceLeipzig / Paris, June 11, 2015 At its constituent meeting in Leipzig, the Members of the Exchange Council of EPEX SPOT elected Peter Heydecker as their Chairman. They also designated Dr. Michael Redanz from MVV Trading, Mr Andrea Siri from Edison Trading, and Dr. Bernhard Walter from EnBW Trading as Vice-Chairmen of the Exchange Council. The Council also appointed the following permanent guests: Mr. Thorsten Dietz from Tennet TSO GmbH, Mr. Manfred Pils from APG, Mr. Stefan Sewckow from Trianel GmbH, and Mr. Jan Horst Keppler from Universit Paris-Dauphine as academic counsel.

We are facing challenging developments in the electricity trading sector such as the creation of the pan-European power market and the increasing importance of Intraday power trading, says Peter Heydecker, who has already been Exchange Council Chairman during the last term. I am very happy to further accompany these evolutions.

Moreover, the Exchange Council approved the launch of an organized market for trading of capacity guarantees in France. This market is based on the capacity mechanism introduced by the French Ministry of Ecology, Sustainable Development and Energy and the French

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electricity grid operator RTE. The capacity mechanism was set up in order to ensure security of supply in France, which might be challenged by a combination of fast increasing peakload and low profitability for capacity owners.

The development of an organized secondary market for capacity guarantees will help suppliers to fulfil their obligations and capacity owners to value their capacities. It also provides a transparent and reliable price reference for capacity guarantees. The market will be organized through several auctions per year, with trading of standardized guarantees for future winter periods. The capacity market is scheduled to be launched end of 2015.

An organized market with a reliable price reference is crucial for a decentralized capacity mechanism, says Jean-Franois Conil-Lacoste, Chairman of the Management Board of EPEX SPOT. Its design takes into account the particular needs of the French power system while ever looking for strengthening the European energy-only market. We are looking forward to organizing this new segment.

The second Exchange Council meeting in 2015 was held on June 10 and was chaired by Peter Heydecker, Head of European Power at Vitol.

The Exchange Council of EPEX SPOT is an official body of the Exchange. 22 members and 4 permanent guests represent adequately the diversity of economic and corporate profiles that exists among the Exchange Members from various sectors: producers, power trading companies, transmission system operators, regional suppliers and financial service providers, as well as commercial consumers and academics. Its missions include in particular the adoption of the Exchange Rules and the Code of Conduct of EPEX SPOT and their amendments. The Exchange Council approves new trading systems as well as new contracts or market areas and approves the appointment of the Head of the Market Surveillance Office. It meets up quarterly.

The European Power Exchange EPEX SPOT SE operates the short-term electricity markets for Germany, France, Austria and Switzerland. EPEX SPOT owns 100% of APX Group (including Belpex), operator of the short-term electricity markets for the Netherlands, the United Kingdom and Belgium. Striving for the creation of a European single market for electricity, EPEX SPOT shares its expertise with partners across the continent and beyond. EPEX SPOT is a European company (Societas Europaea) in corporate structure and staff, based in Paris with offices in Amsterdam, Bern, Brussels, Leipzig, London and Vienna. 275 companies trade over 450 TWh of electricity on EPEX SPOT and APX every year one third of its countries electricity consumption. EPEX SPOT is held by EEX Group, part of Deutsche Brse, and European electricity transmission system operators. For more information: www.epexspot.com

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SEEPEX Targets Launch of Serbian Day-Ahead Market by End of November 2015Belgrade / Paris, June, 24 2015. The project partners of the South Eastern European Power Exchange (SEEPEX) target the launch of the Serbian day-ahead market by end of November 2015, subject to successful member testing and regulatory approval. This was announced during a workshop with future members held on June, 24 2015, where Serbian, regional and European electricity market participants underlined their interest in joining an organized market in Serbia. SEEPEX will be a major step in the creation of a regional power trading solution for South Eastern Europe (SEE) and is highly anticipated by the electricity market community.

SEEPEX is a joint venture between Elektromrea Srbije (EMS), the Serbian transmission system operator, and the European Power Exchange EPEX SPOT. The operations of SEEPEX will rely on the trading system ETS, used by EPEX SPOT for operating its own markets. Clearing and settlement shall be performed by the clearing house European Commodity Clearing (ECC). SEEPEX members will thus benefit from high-level standards both in terms of trading and clearing services. This also allows for an efficient and fast adherence to existing market coupling initiatives such as the 4M Market Coupling or the Multi-Regional Coupling, stretching already across countries covering 85% of European electricity consumption.

SEEPEX will foster the development of a competitive, transparent and reliable electricity market for Serbia and South Eastern Europe, boosting electricity trading in the entire region. SEEPEX will be the cornerstone for power trading in the Balkans, says Nikola Petrovi, EMS General Manager. Its mixture of local roots and European DNA is essential for success.

The geographic positioning of Serbia in the region is ideal for launching an organized power market providing a reliable price signal, adds Jean-Franois Conil-Lacoste, Chairman of the Management Board of EPEX SPOT. SEEPEX is able to serve as an example for other markets in the SEE region. Market rules and the membership package will be disclos

ZE Datawatch eMagazine June 2015

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Transcript of ZE Datawatch eMagazine June 2015