{"id":7417,"date":"2025-12-09T17:51:15","date_gmt":"2025-12-09T23:51:15","guid":{"rendered":"https:\/\/librarytestdev.wpenginepowered.com\/?post_type=doc&#038;p=7417"},"modified":"2026-09-16T15:11:20","modified_gmt":"2026-09-16T20:11:20","slug":"epex-spot-overview","status":"publish","type":"doc","link":"https:\/\/library-staging.tradingtechnologies.com\/setup\/exchanges-emea\/epex-spot\/description-epex-spot\/epex-spot-overview\/","title":{"rendered":"EPEX SPOT Overview"},"content":{"rendered":"\n<!-- pages using refernce-tab-list layout will not trigger this condition. The Heading will be set in that layout file-->\n\n  \n     <!-- in source YML header, should also match the filename\/url -->\n       \n        \n\n        \n      \n          \n      \n\n\n <!-- pages using refernce-tab-list layout will not trigger this condition. The Heading will be set in that layout file-->\n\n  \n    \n\n\n\n\n\n\n\n \n\n<h2 id=\"overview\">Overview<\/h2>\n\n<p>Operating out of Paris, EPEX SPOT is an independent subsidiary of the European Energy Exchange (EEX) covering power markets in Austria, Belgium, Denmark, Germany, Finland, France, Luxembourg, the Netherlands, Norway, Poland, Sweden, the UK and Switzerland. Clients trading EPEX SPOT intraday markets on TT will be able to leverage the platform\u2019s sophisticated algorithmic and other automated trading tools, as well as its risk management capabilities across the trade lifecycle. EPEX power instruments display prices in Euros (with two digit decimal precision) and quantities in MWh (with one digit decimal precision).<\/p>\n\n\n\n<h2>EPEX SPOT Exchange API<\/h2>\n\n<p>TT\u00ae supports the following:<\/p>\n\n<ul>\n  <li>Prices: M7 v6.15 \/ AMQP<\/li>\n  <li>Orders: M7 v6.15 \/ AMQP<\/li>\n<\/ul>\n\n<h2>Matching Algorithms<\/h2>\n\n<p>EPEX SPOT offers two types of matching algorithms.<\/p>\n\n<ul>\n  <li>Regular matching<\/li>\n  <li>Batch matching (or intra-day auction)<\/li>\n<\/ul>\n\n<p>Refer to the <a href=\"https:\/\/www.epexspot.com\/sites\/default\/files\/2021-09\/public-description-of-the-continues-trading-matching-algorithm-.pdf\">\u201cContinuous Trading Matching Algorithm\u201d<\/a> document on the EPEX SPOT website for more information.<\/p>\n\n<h2>EPEX SPOT Matching Engine<\/h2>\n\n<p>EPEX SPOT&#8217;s trade matching engine is hosted by Equinix GmbH in Frankfurt, Germany.<\/p>\n\n\n<h2>Market Grid<\/h2>\n\n<p>The Market Grid provides an optional VWAP column that is populated for instruments on the EPEX exchange. Right-click the column header and add this column from the <strong>Edit Columns<\/strong> menu.<\/p>\n<p><img decoding=\"async\" class=\"img-responsive\" src=\"https:\/\/library-staging.tradingtechnologies.com\/wp-content\/uploads\/2025\/12\/epex-vwap-column.png\"><\/p>\n\n<h2>Market Depth<\/h2>\n\n<p>Currently, the exchange provides a maximum of twenty (20) levels of market depth for all products. TT receives market\n  depth directly from the exchange and forwards it to the client trading applications.<\/p>\n\n\n<h2>EPEX SPOT Trading Hours<\/h2>\n\n<p>TT will support EPEX Continuous Intraday Trading, which is made up of both XBID and Local phases across all EPEX\n  Delivery Areas. At any time during a 24-hour period, there will be contracts that are tradable. Please see the Product\n  List below for more detail.<\/p>\n<p>For more information, refer to the <a href=\"epex-epex-supported-products.html\">EPEX Supported\n    Products<\/a> section.<\/p>\n\n<h2>Supported Exchange Functionality<\/h2>\n\n<ul>\n  <li>\n    <p>Real-Time Market Data<\/p>\n  <\/li>\n  <li>\n    <p>Reference Data<\/p>\n  <\/li>\n\n  <li>\n    <p>Basic Order Entry<\/p>\n  <\/li>\n\n  <li>\n    <p>Shared Order Book<\/p>\n  <\/li>\n\n  <li>\n    <p>FIX Drop Copy<\/p>\n  <\/li>\n\n  <li>\n    <p>Order Throttling messages<\/p>\n  <\/li>\n\n  <li>\n    <p>Basket Orders (via FIX)<\/p>\n  <\/li>\n\n  <li>\n    <p>Position in Queue<\/p>\n  <\/li>\n\n\n<\/ul>\n\n<h2>Connectivity Options<\/h2>\n\n<p>Trading members must contact EPEX and contract separately for connectivity.<\/p>\n\n<p><span class=\"label-info label\">Note<\/span> Only connectivity through co-location is possible with TT.<\/p>\n","protected":false},"excerpt":{"rendered":"<p><!-- pages using refernce-tab-list layout will not trigger this condition. The Heading will be set in that layout file--><\/p>\n<p>     <!-- in source YML header, should also match the filename\/url --><\/p>\n<p> <!-- pages using refernce-tab-list layout will not trigger this condition. The Heading will be set in that layout file--><\/p>\n<h2 id=\"overview\">Overview<\/h2>\n<p>Operating out of Paris, EPEX SPOT is an independent subsidiary of the European Energy Exchange (EEX) covering power markets in Austria, Belgium, Denmark, Germany, Finland, France, Luxembourg, the Netherlands, Norway, Poland, Sweden, the UK and Switzerland. Clients trading EPEX SPOT intraday markets on TT will be able to leverage the platform\u2019s sophisticated algorithmic and other automated trading tools, as well as its risk management capabilities across the trade lifecycle. EPEX power instruments display prices in Euros (with two digit decimal precision) and quantities in MWh (with one digit decimal precision).<\/p>\n<h2>EPEX SPOT Exchange API<\/h2>\n<p>TT\u00ae supports the following:<\/p>\n<ul>\n<li>Prices: M7 v6.15 \/ AMQP<\/li>\n<li>Orders: M7 v6.15 \/ AMQP<\/li>\n<\/ul>\n<h2>Matching Algorithms<\/h2>\n<p>EPEX SPOT offers two types of matching algorithms.<\/p>\n<ul>\n<li>Regular matching<\/li>\n<li>Batch matching (or intra-day auction)<\/li>\n<\/ul>\n<p>Refer to the <a href=\"https:\/\/www.epexspot.com\/sites\/default\/files\/2021-09\/public-description-of-the-continues-trading-matching-algorithm-.pdf\">\u201cContinuous Trading Matching Algorithm\u201d<\/a> document on the EPEX SPOT website for more information.<\/p>\n<h2>EPEX SPOT Matching Engine<\/h2>\n<p>EPEX SPOT&#8217;s trade matching engine is hosted by Equinix GmbH in Frankfurt, Germany.<\/p>\n<h2>Market Grid<\/h2>\n<p>The Market Grid provides an optional VWAP column that is populated for instruments on the EPEX exchange. Right-click the column header and add this column from the <strong>Edit Columns<\/strong> menu.<\/p>\n<p><img decoding=\"async\" class=\"img-responsive\" src=\"https:\/\/library-staging.tradingtechnologies.com\/wp-content\/uploads\/2025\/12\/epex-vwap-column.png\"><\/p>\n<h2>Market Depth<\/h2>\n<p>Currently, the exchange provides a maximum of twenty (20) levels of market depth for all products. TT receives market<br \/>\n  depth directly from the exchange and forwards it to the client trading applications.<\/p>\n<h2>EPEX SPOT Trading Hours<\/h2>\n<p>TT will support EPEX Continuous Intraday Trading, which is made up of both XBID and Local phases across all EPEX<br \/>\n  Delivery Areas. At any time during a 24-hour period, there will be contracts that are tradable. Please see the Product<br \/>\n  List below for more detail.<\/p>\n<p>For more information, refer to the <a href=\"epex-epex-supported-products.html\">EPEX Supported<br \/>\n    Products<\/a> section.<\/p>\n<h2>Supported Exchange Functionality<\/h2>\n<ul>\n<li>\n<p>Real-Time Market Data<\/p>\n<\/li>\n<li>\n<p>Reference Data<\/p>\n<\/li>\n<li>\n<p>Basic Order Entry<\/p>\n<\/li>\n<li>\n<p>Shared Order Book<\/p>\n<\/li>\n<li>\n<p>FIX Drop Copy<\/p>\n<\/li>\n<li>\n<p>Order Throttling messages<\/p>\n<\/li>\n<li>\n<p>Basket Orders (via FIX)<\/p>\n<\/li>\n<li>\n<p>Position in Queue<\/p>\n<\/li>\n<\/ul>\n<h2>Connectivity Options<\/h2>\n<p>Trading members must contact EPEX and contract separately for connectivity.<\/p>\n<p><span class=\"label-info label\">Note<\/span> Only connectivity through co-location is possible with TT.<\/p>\n","protected":false},"author":2,"template":"","meta":{"_acf_changed":false,"footnotes":""},"docs-category":[677],"class_list":["post-7417","doc","type-doc","status-publish","hentry","docs-category-description-epex-spot"],"acf":[],"_links":{"self":[{"href":"https:\/\/library-staging.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/doc\/7417","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/library-staging.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/doc"}],"about":[{"href":"https:\/\/library-staging.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/types\/doc"}],"author":[{"embeddable":true,"href":"https:\/\/library-staging.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/users\/2"}],"version-history":[{"count":1,"href":"https:\/\/library-staging.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/doc\/7417\/revisions"}],"predecessor-version":[{"id":60700,"href":"https:\/\/library-staging.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/doc\/7417\/revisions\/60700"}],"wp:attachment":[{"href":"https:\/\/library-staging.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/media?parent=7417"}],"wp:term":[{"taxonomy":"docs-category","embeddable":true,"href":"https:\/\/library-staging.tradingtechnologies.com\/ja\/wp-json\/wp\/v2\/docs-category?post=7417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}