Risk glossary



A Paris-based company operating a European energy exchange that provides an electronic market for the trading of spot and derivative energy contracts in Europe. It was created in 2001 with the opening of the European electricity market, and encompasses a network of more than 75 European members, including energy producers such as RWE, EDF, Gaz de France, Electrabel and Endesa, as well as end-users, banks, brokers, traders and retailers. Powernext is a regulated market under the European Union’s Markets in Financial Instruments Directive (MiFID).

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