LLC "UEEX" trades in natural gas in accordance with the laws that determine the legal conditions for the creation and operation of commodity exchanges, the Law of Ukraine "On the Natural Gas Market" and the GTS Code.
LLC "UEEX" trades in natural gas in the context of the following markets:
LLC "UEEX" is a trading platform operator in the understanding of the GTS Code fully complies with the requirements of the GTS Code (in particular, but not exclusively, Chapter 4, Section XIV). Trading platform LLC "UEEX" provides trade in short-term standardized products on a gas day and Day -Ahead basis seven days a week.
The trading platform of the exchange is integrated with the Information Platform of the GTS Operator (paragraph five of clause 1 of Chapter 4 of Section XIV) in terms of obtaining up-to-date information about active customers of transportation services, providing trade notifications for the alienation and purchase of natural gas and receiving information from the GTS Operator on the results of their processing ( paragraph two of clause 9 of Chapter 2 of Section XIV of the GTS Code).The trading platform interacts with the banking system to ensure settlements for concluded transactions using escrow accounts (paragraph four of clause 1 of Chapter 4 of Section XIV of the GTS Code).
Trades take place in the PP "Energy Trading Platform" (PP ETP) in the form of a bilateral counter auction (Continuous trading).
The way daily balancing works on the UEEX trading platform - see our animated video. An instructional video on working with the trading platform in the short-term natural gas market can be viewed by the link.
|Trading platform LLC "UEEX"|
ENERGY TRADING PLATFORM
|Time frame||Within-Day (WD)|
|Trading products||Short-term standardized product (title product in the sense of BAL NC)|
-with a physical access to the GTS, by submitting nominations / renominations before sending of a trade notification;
-what is published on the participant’s portfolio.
|}||sent to GTS|
|Trading hours||7 days a week, non-stop trading in accordance with the schedule of trading and clearing sessions|
|Data transfer format||Trade notifications to the GTS Operator|
Trading in natural gas located in the customs territory of Ukraine is conducted in the Software Product "Exchange Electronic Trading System" (PP BETS) with the term of natural gas supply in a certain month, quarter or other individual conditions. Transmission point: VTP (VTP; virtual trading point) or UGS (underground gas storage).
Trading in natural gas stored in UGS in the customs regime "customs warehouse" and which stored in UGS in the customs regime "customs warehouse" on the terms of simultaneous use of capacity with restrictions ("short-haul") is conducted in the Software product "Exchange electronic trading system" in the version "UGS - customs warehouse" by the point of transfer in the UGS and the delivery period on the 5th calendar day after the trading day, in case of compliance with the terms of payment.
A brief algorithm of gas trade in underground storages in the customs regime "customs warehouse" can be viewed in the presentation. Instructions for creating an application for participation in trading sessions of the exchange in the information platform of the gas storage operator of Ukraine (implementation of the Voluntary Refusal mechanism) can be found by the link.
The form of the auction is a unilateral auction with the possibility of placing counter-bids. Trading is held on working days within open trading sessions. The trading session opens when the first application is submitted in the form of a position by the initiator of the auction on a date and time determined by him in advance and agreed with the exchange.