Dutch exchanges merge to create 'gas roundabout'

The consolidation of Europe's energy exchanges gathered pace as Dutch exchanges APX and European Energy Derivatives Exchange (Endex)agreed to join forces. Spot exchange APX's purchase of 90.85% of Endex will create Europe's largest gas exchange and a significant market for power trading.

"The main driver behind the merger is our ambition for the Netherlands to become the 'gas roundabout' of Europe,"' says Dirk Van Vuuren, managing director and COO of newly formed APX-Endex. "Combining the exchang