Ralf Hungerbuehler

We don't see it as a threat, the difference is really the complexity and the bespoke nature of what is being offered. An exchange has a more off -the-shelf approach and cannot offer every variable a client might want.

Ralf Hungerbuehler

The difference is really the complexity and the bespoke nature of what is being offered. An exchange has a more off -the-shelf approach and cannot offer every variable a client might want, power traders will most likely use wind futures to manage shorter-term daily and weekly positions. The insurers will be interested in longer dated structures from several weeks to years.

Ralf Hungerbuehler