Too Many Exchange Changes

Over the last few weeks the market has seen a few more developments that should be affecting the trading of EUAs and yet, they are not... affecting it much.

For example the IPE/ECX is supposedly up and running but no major inroads have been gained in volume there. But that seems a heck of a lot better than the poor retarding sister, the EEX in Leipzig. What do they have, a few hundred?

And then there is Nordpool with their really annoying set up, credit, banking controls. Just go see EDF and avoid the exchange altogether.

I am guessing that these two suffer from being GUD, or Geographically Un Desireable. Mostly because while there might be the odd dealer at Shell or Accord that wants to trade there and take advantage of some Arbitrage opportunity, none of these arbitrageur-wannabees is willing to shout out, 'where is Leipzig' or 'isn't Nordpool in Denmark?'

I won't even begin to suggest the Barcelona and Vienna attempts. What are these guys thinking? They will be arbed back into the stone age if they are not careful!

Oh, and then there is Powernext in France. Why does this suffer? Because it is FRENCH!