23 Mar 2020 | 14:50 UTC — London

European commodity markets exchanges remain fully operational: Europex

Highlights

Procedures in place to protect core functions

Plans to ensure business continuity at multiple locations

All necessary steps take to make trade, clearing, critical services operational

London — European energy commodity markets exchanges have remained fully operational amid the COVID-19 pandemic, aiming to deliver all services to enable efficient and transparent price formation on reliable and secure trading platforms, Europex said Monday

Europex, an association of European energy exchanges with 29 members, represents the interests of exchange-based wholesale electricity, gas and environmental markets, focusing on developments of the European regulatory framework for wholesale energy trading, and providing a discussion platform at European level.

"Procedures are in place to protect core functions necessary for the uninterrupted functioning of European energy markets," Europex said.

"These include plans to ensure business continuity while maintaining critical functions from multiple locations. All necessary steps have been taken so that trading, clearing and other critical services remain fully available."

Editor:

Daniel Lalor