On the 26th of June 2023, the European Energy Exchange expanded its offering in the Japanese power market by offering Japanese Power Futures with Daily maturity. Yggdrasil has shown its commitment to the Japanese power market by successfully entering the first Daily product trade on EEX.
This first trade on EEX’s Japanese Power Futures with Daily maturity was concluded between Yggdrasil and Tohoku EPCO Energy Trading Co., Inc. with brokering services provided by the Japanese commodity brokerage firm, Enechain.
Another sign of a strong commitment to the Japanese market
Yggdrasil, via its Japanese subsidiary Valhall GK, has been active in the Japanese market for several years. Last year, Yggdrasil chose to strategically expand its activities in the Japanese market by opening an office and trading facilities in Tokyo, Japan. From here, Yggdrasil is forging relationships with both local market participants but also other parties with activities in the Japanese market.
From Tokyo, Yggdrasil will expand its activities in the Japanese market and will sees the Daily Futures products as a welcoming expansion within EEX’s product offering. Its short maturity suits Yggdrasil’s focus on short term power trading. It is expected that Yggdrasil will execute many more trades within EEX’s Daily Futures Products for the Japanese electricity market.
