PEGAS supports Fluxys Belgium in simplifying ZTP physical trading

PEGAS supports Fluxys Belgium in simplifying ZTP physical trading
28 September 2017 – Fluxys Belgium is to simplify its services for ZTP physical trading (formerly Zeebrugge Beach services) as from 1 October 2017. The PEGAS trading platform will enhance its services accordingly.

Fluxys Belgium will simplify its services for ZTP physical trading by harmonizing the operational rules with those for ZTP notional trading services.

Huberte Bettonville, Director Commercial Regulated of Fluxys Belgium, declares: “Our new approach for ZTP physical trading  marks a clear step forward as solving flow reductions at the border or unmatched flow nominations no longer require back-up services and a financial guarantee. PEGAS now can offer automatic nomination processes to ensure complete trade firmness.  We are pleased that PEGAS swiftly has adapted to offer this additional level of service as of day one.”

Richard Katz, Director of Sales of Powernext, adds: “The new set-up allows our Clearing House ECC to lower the level of margin requirements towards market participants. PEGAS will also support the new approach by extending the trading hours to 24/7, giving more flexibility to the market participants with a continuously running platform.”

Contracts for ZTP physical trading on PEGAS include spot and futures instruments, ranging from intraday to next calendar year.

 

About PEGAS
PEGAS is the central gas trading platform of EEX Group operated by Powernext. PEGAS provides its members with access to all products on one single platform and allows them to trade natural gas contracts in the Austrian, Belgian, Danish, Dutch, French, German, Italian and UK market areas. The product range of PEGAS covers spot and derivatives contracts for the major European gas hubs as well as trading in location and time spread products. This setup enables market harmonisation and forms the preferred pan-European natural gas market. www.pegas-trading.com
 

About Fluxys Belgium
Fluxys Belgium is the independent operator of the natural gas transmission and storage infrastructure in Belgium. Through its subsidiary Fluxys LNG, the company also operates the Zeebrugge liquefied natural gas (LNG) terminal. Fluxys Belgium is a subsidiary of Fluxys, the Belgium-based independent gas infrastructure group active on the European market. www.fluxys.com/belgium

 

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