Based on members’ feedback and using the latest technology Elbas 4 is a brand new intraday system, which will enable trade across multiple markets, combining great customisation options, superb functionality, simplicity and speed. Elbas 4 was launched in 10 European countries (the Nordics, Baltics, Germany, Belgium and the Netherlands) Tuesday 25 November.

News in Elbas 4

Elbas 4 will offer new opportunities within the intraday market and we now introduce three new order types: ‘Immediate or Cancel’, ‘Fill or Kill’ and ‘Iceberg’. With Elbas 4 both 15-minute and 30-minute products are introduced initially only for trading in the German market area.

To further improve trading opportunities within Germany, Elbas 4 will handle Germany as four bidding areas. The four bidding areas are identical to the four TSO areas 50HZ, TTG, AMP and TBW. Please note that this change will not affect the way members are scheduling their trades today, as this is already done per TSO area.

Contact

Please contact the Elbas trading desk if you have any questions or contact your Regional Market Manager if you need further follow up.

Update to Java 8

In preparation for Elbas 4 go-live, all members need to ensure that they have Java Runtime Environment 8 (or any later versions), installed on any computer using Elbas.  

Java Runtime Environment 8 can be downloaded here. If any member IT departments have questions about this upgrade, please contact the Elbas trading desk.

There are no additional configurations needed to run Elbas 4 from the member's side.