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Italy

Although EFT’s results in Italy declined in 2011, against the backdrop of severe post Fukushima market circumstances they reflect the soundness of the Group’s business model. The nuclear accident in Japan impacted the Italian market more than most other in Europe. It resulted in an immediate price rise, which was followed by a severe fall in liquidity in the market. While the Fukushima accident did not have a major impact on prices in the long run, the severity of the immediate shock led to enormous losses of many energy companies and generally a sharp decrease in market appetite for risk throughout the year. EFT uses the Italian market as a primary hedging hub due to its high liquidity and correlation to the other markets. A small portion of EFT’s portfolio in Italy is dedicated to speculative trading. In 2012 the Group will focus more on the intraday market. With the addition of new traders and some structural changes on the trading floor, EFT is looking into possibilities of developing this highly volatile market segment.

Population: 58,126,212
GDP (PPP*): $1,827 billion
GDP per capita (PPP*): $31,400
Area: 301,340 sq KM
Market: Semi-liquid
Power exchanges: GME
OTC platforms: SPECTRON

 

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