The formation of IDEX was announced in July 2008 when the Borsa Italiana signed with GME â Gestore del Mercato Elettrico â for the trading of power futures contracts. The structure of IDEX products, which will be cash settled, is designed to attract financial operators and increase the market liquidity. The new power contracts began trading on IDEX earlier this month.
According to Banca IMI operators, IDEX signifies a unique and exciting opportunity for the Italian market and IMIâs customers look forward to utilizing the new IDEX power contracts to take advantage of market volatility.
Graeme Neilly, Director of Global Account Management, Patsystems, said:
âPatsystems is pleased to support Banca IMI and the Italian markets by providing connectivity to the Borsa Italianaâs new power exchange.â