Bucharest, Romania
Abbreviation
BRM
Location
Bucharest, Romania
Region
Europe
Product Types
Power, Natural Gas, CO2 Emissions, Petroleum, Construction
Bursa Română de Mărfuri (BRM), or the Romanian Commodities Exchange, is Romania's regulated commodity exchange based in Bucharest. BRM provides transparent and competitive markets for electricity (spot and derivatives), natural gas, CO2 emission allowances (EU ETS), petroleum products, and construction materials. Founded in the early 1990s during Romania's post-communist transition, BRM plays a key role in Romania's energy market deregulation, offering price-discovery for domestic power producers and consumers within the EU internal energy market framework.
APX-ENDEX was a pan-European energy exchange formed in 2010 through the merger of APX Group (Netherlands/Belgium/UK power) and ENDEX (Dutch and Belgian gas and power derivatives). The combined platform operated day-ahead and intraday power markets for the Netherlands, Belgium, and the UK, as well as derivative markets for natural gas and CO2 allowances. APX-ENDEX was subsequently absorbed into the EEX Group (Deutsche Börse) following EEX's acquisition, consolidating European power market trading infrastructure.
Eurex Exchange, founded in 1998 and owned by Deutsche Börse Group, is one of the world's largest derivatives exchanges. While primarily known for interest rate, equity, and index derivatives, Eurex's commodity segment offers exchange-traded commodity products including agricultural futures, metals, and commodity index derivatives. Eurex operates electronic trading for over 2,000 products and provides clearing and settlement through Eurex Clearing, one of Europe's largest central counterparties. Eurex is co-headquartered in Frankfurt and Zurich.
Energy Exchange Austria (EXAA) is Austria's regulated electricity and emissions exchange, founded in 2001 in Vienna. EXAA operates spot and day-ahead electricity market clearing for Austria and Germany, providing a transparent price-discovery platform for the Alpine-region power market. The exchange also provides auction services for EU CO2 Emission Allowances, supporting Austria's participation in the EU Emissions Trading System. EXAA is a licensed market operator under EU MiFID regulation.
The Moscow Energy Exchange (MOSENEX) is a Russian electronic energy trading platform, facilitating transactions in electricity and heat energy for wholesale market participants. MOSENEX serves as a spot trading venue for Russian domestic electricity, complementing the larger derivatives and futures market infrastructure offered by SPIMEX. The exchange operates within the regulatory framework of the Russian Federal Antimonopoly Service and supports trading participants including power producers, utilities, and industrial energy consumers.