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Energy One Welcomes ICE Decision to Extend European Energy Market Trading Hours

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Energy One (ASX:EOL) said it welcomes the decision by Intercontinental Exchange (ICE) to extend trading hours for its European energy markets to 21 hours a day from April 13, a move it expects to improve liquidity and price discovery for energy market participants, according to a Thursday Australian bourse filing.

The company said the change aligns Europe more closely with US and Asian energy markets, allowing gas operators increased trading time to deal with gas market volatility.

Longer trading hours are expected to increase opportunities for US and Asian trading companies to enter the European gas and power trading markets, providing incremental additions to Energy One's customer base, the filing added.

"Energy One is well-placed to support customers navigating longer, more complex trading days, whether through our software platforms or our 24/7 outsourced trading services," said CEO Ben Tranier.

The company's shares rose 2% in recent Thursday trade.

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