Daily market making in two core contracts supports market liquidity at PEGAS ETF.
Through cooperation with designated Trading Partcipants, PEGAS supports market liquidity currently by offering market making in two contracts: Within Day (Weekends and holidays) and Day ahead.
ETF Within Day market making if facilitated by Danske Commodities
On weekends and holidays Danske Commodities places orders to buy and sell the WD contract form 11:00 to 12:00 CET for a quantity of 30 MW with a maximum spread of 0,25 EUR/MWh.
Danske Commodities have the opportunity to withdraw its market making if either their buy or sell order has been traded.
ETF Day-ahead market making is facilitated by SEAS-NVE.
On every exchange day SEAS-NVE places orders to buy and sell the day ahead contract (DA) from 11:00 to 12:00 CET for a quantity of 30 MW with a maximum spread of 0,50 EUR/MWh.
The same market making actions apply for the weekend contracts.
SEAS-NVE has the opportunity to withdraw its market making when 60 MW/day of their orders have been traded.
PEGAS will be interested in entering into new market making agreements with existing and new Trading Participants.
Please contact Senior Business Developer Anders Juul Cassøe for information on benefits and terms.
For further information:
Anders Juul Cassøe
Senior Business Developer
Phone: +45 3145 1165