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Global Commodities Newsletter | July 2023 |  |
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| | | Dear customers, partners and friends of EEX,
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| So here we are, just over midway through 2023 – where has the time gone?
In my last update we were discussing “green shoots” emerging with the relaxation of travel restrictions and I know since then, the team have really enjoyed getting back out “on the road” again to meet you in person. I must say, on a personal note, I’m also really looking forward to seeing you all in the coming months at our events in London and Singapore.
On the Global Commodities front, it’s been a very busy six months. Building this business in partnership with you is at the heart of everything we do, so I was very pleased that we have been able to deliver on important initiatives, which provide much needed benefits for our customers. We’re consistently committed to margin improvements, and this is something I am proud will continue into the second half of 2023 and beyond. In June, we introduced a series of improvements to our Touchpoint platform in the latest release. We have also been busy introducing new option expiries to the Freight market. But hey, I’ve a feeling I’m stealing the newsletter’s thunder here - so read on for the full run down on everything we’ve been up to…
Happy Reading, and hopefully we can connect in London!
Kind Regards,
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| Steffen Köhler
| COO | EEX
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New option expiries available in the Freight market | |
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The FFA options market continues to grow and mature with higher volumes and more participants than ever before. The development of the market has created the need for new hedging and trading strategies, including the need for longer dated options. In response to this, on 26th June EEX extended Freight options expiries from 36 to 72 months forward for Capesize, Panamax and Supramax options.
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| | Trading longer dated strategies remains a niche part of the overall FFA options market but when these trades are done, it is vitally important that participants can clear the whole strip at the same time, therefore effectively transferring the risk from their business to EEX and our clearing house ECC. The extension of expiries allows traders to do this and provides our customers with a larger portfolio of products to serve their business requirements.
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Touchpoint - What's new?
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| Since its launch in September 2022, Touchpoint has brought together all EEX asset classes in a single, intuitive, and easy-to-use trade registration platform. Today, this feature-rich system provides a comprehensive range of trade registration and administration services and tools, allowing users to control all parts of the OTC trade workflow. We have added some new features to the platform for you!
You can also arrange a 1:1 demo with Team Touchpoint. Just reach out to Richard Heath or Zhi Rui (Ray) Ang.
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Press play:
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| What are the EU ETS compliance considerations for companies in the maritime sector?
When do compliance obligations take effect and when should companies prepare to stay competitive?
How are shipping companies thinking about the EU ETS and IMO approaches to decarbonization?
Get the policy summary from Senior Policy Advisor at EEX, Ellen De Vocht, and practical industry considerations from our guest Tjard Jürgens, Senior Vice President Business Development at Zeaborn:
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Freight Working Group | 7 September | Quaglino’s, London | 17:00 – 18:30
During the working group, we will present details on a number of upcoming initiatives and give a comprehensive overview of 2023 activities to date. As our most valued customers, we would welcome your participation and feedback in an informal setting, with the opportunity for networking over beverages. Of course, the team will be on hand to answer any specific questions you may have.
If you would like an invitation, please reach out to Claudia Gerotto or Asharne Francis.
EEX Group London Reception | 7 September | Quaglino’s, London | 18:30
Building Markets Together is about engaging, about sharing experiences, about people. To thank you for the close cooperation and the trust that you place in us, it is our pleasure to invite you to the EEX Group London Reception, which will be held at Quaglino's, in the heart of London, directly after the Freight Working Group.
If you would like an invitation please reach out to Claudia Gerotto or Richard Heath.
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| Please note: If you would like to come to both the Freight Working Group and the EEX Group London reception afterwards, you need to RSVP to each invitation.
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For all our video content - Be sure to check out EEX TV on Youtube
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