|This article needs additional citations for verification. (June 2010)|
|Type||Physical commodity and derivates exchange (energy), BV (Limited liability)|
|Location||Amsterdam, the Netherlands|
|Owner||TenneT Holding B.V
N.V. Nederlandse Gasunie
|Commodities||Power and Gas derivates
APX-ENDEX is an Anglo-Dutch energy exchange operating the spot and derivatives markets for electricity and natural gas in the Netherlands, the United Kingdom, and Belgium. Established in 1999, APX-ENDEX provides exchange trading, central clearing and settlement, and data distribution services as well as benchmark data and industry indices. APX-ENDEX has over 340 members from more than 15 countries. In 2009, a total volume of 412 TWh of energy was traded or cleared by APX-ENDEX, of which derivatives markets recorded a total of 210 TWh while spot markets had a total volume of 202 TWh.
In May 1999, trading started at the Amsterdam Power Exchange (APX), the predecessor of APX-ENDEX. It was the first electricity exchange market in Continental Europe. At the same year the Europe's first screen-based spot market for trading in wholesale gas, EnMO (now APX Gas UK), was launched in the United Kingdom. In 2000, the UK's first independent power exchange UKPX (now APX Power UK) was established followed by launch of APX-UK electricity spot market in 2001. In 2003, APX expanded towards the UK by acquisition of EnMO and APX-UK (including the brand name APX which was introduced for operations in all countries). UKPX was acquired by APX one year later.
The European Energy Derivatives Exchange N.V. (ENDEX N.V.) was launched in 2002 by a number of energy companies. ENDEX was acquired by APX Group in 2008 and the integration was completed in 2009. After merging the APX Group and ENDEX a new name APX-ENDEX and new logo were introduced.
In 2003, Title Transfer Facility (TTF), a virtual trading point for natural gas in the Netherlands, was established by Gasunie. In 2005, APX and Gas Transport Services B.V., a subsidiary of Gasunie, launched the Dutch TTF market (APX Gas NL). Launch of Belgian Zeebrugge Hub gas exchange (APX Gas ZEE) in association with the Belgian gas transmission system operator Fluxys followed at the same year. In 2006, all APX Group power and continental gas markets introduced the EuroLight trading platform.
In 2001, the Netherlands transmission system operator TenneT acquired full ownership of Amsterdam Power Exchange and in 2002 Amsterdam Power Exchange was renamed APX. In 2006, TenneT sold 25.5% of shares in APX Group to Gasunie. Fluxys became the third shareholder of APX Group in March 2008 when Fluxys acquired 2.68% of APX Group shares from TenneT.
In 2005, APX became a shareholder of Belgian power exchange Belpex SA. 19 April 2010, APX-ENDEX and Belpex announced that they will integrate their activities and Belpex is becoming a part of APX-ENDEX. APX-ENDEX will acquire all shares in Belpex while Belpex main shareholder Elia System Operator, an electricity transmission system operator of Belgium, will have a 20% stake in APX-ENDEX.
On 25 May 2010, APX-Endex announced a plan to expand to the carbon emissions trading market and to acquire a majority stake in the Climex carbon emissions trading platform owned by TenneT and Rabobank.
On 9 June 2010, APX-ENDEX, Belpex and Nordic power exchange Nord Pool Spot agreed to create a cross-border intraday electricity market based on Nord Pool Spot's Elbas technology; the European Market Coupling Company. The common intraday market will include the Nordic countries, Germany, the Netherlands and Belgium.
On 1 March 2013, APX-ENDEX has separated into two companies: the power spot exchange APX and the gas spot, gas derivatives and power derivatives exchange ENDEX. As of 27 March, Intercontinental Exchange (ICE) is the majority shareholder of ENDEX. The name of the new company is ICE Endex.
APX-ENDEX is a holding company owning and operating nine energy exchange markets in the Netherlands, the United Kingdom, and Belgium, five spot markets and four derivatives markets. APX-ENDEX comprises APX ENDEX Holding B.V., APX ENDEX Gas B.V., APX ENDEX Power B.V., APX Commodities Ltd, APX ENDEX Derivatives B.V. and Belpex N.V., the Belgian power exchange. In addition, the APX-ENDEX provides third-party services for the clearing and delivery of energy or energy-related products such as carbon trading and auctioning.
The shareholders of APX-ENDEX are TenneT Holding B.V, N.V. Nederlandse Gasunie, Elia and Fluxys Europe S.A.
- Review and analysis of EU wholesale energy markets (PDF). European Commission. 2008. p. 28. Retrieved 2010-10-09.
- "APX-ENDEX and Belpex take a further step in the integration of the European energy markets" (PDF) (Press release). Belpex. 2010-04-19. Retrieved 2010-06-13.
- "APX-Endex aims to create 'one-stop shop' by acquiring Climex carbon exchange". E-Energy Market. 2010-05-25. Retrieved 2010-06-13.
- "APX-ENDEX in discussion to become a shareholder in Climex". Commodities Now (Isherwood Production Ltd.). 2010-05-25. Retrieved 2010-06-13.
- "APX-ENDEX, Belpex and Nord Pool Spot to establish cross-border intraday electricity market from Helsinki to Brussels" (Press release). Nord Pool Spot. 2010-06-10. Retrieved 2010-06-13.