The Working Group on Financial Markets, Integrity & Transparency (WG FIT) was created following a decision of the Europex Steering Committee of 3 March 2010.
Against the backdrop of the planned transparency & integrity regime of wholesale markets by the Commission, the WG advises on how to ensure safe, transparent and efficient energy trading. This means that the European energy market:
- is operated in an efficient as well as neutral manner and that participants trade on equal terms;
- provides transparent information as the basis for price formation;
- ensures that the price formation reflects the market value of the traded products;
- is subject to market surveillance to avoid market abuse.
During the past years, the main focus of the WG’s work has been on regulation in the context of improved and further developed transparency and integrity (e.g. REMIT, MAD/MAR) as well as on the sections in European Financial Regulation which particularly impact energy commodity exchanges (e.g. MiFID II/ MiFIR).
WG FIT consists of 79 members from 26 exchanges. In the context of the WG, a small Task Force consisting of 15 members from 10 exchanges, exclusively focuses its work on derivatives matters. Anje Stiers (EEX) is Head of the WG.
Head of WG FIT: Anje Stiers (Senior Political & Regulatory Affairs Officer at EEX)
Phone: +32 2 627 1932