Phase 1 shadow · synthetic · independent  ·  SAWEM Phase 1 Trading Simulator — explainer-grade, not an MMS.  ·  Trading Rules Round 2 (12 April 2026 v01 draft)
Trading day 2026-05-29 virtual hour 00 Auction state: ACCEPTING gate close in 18h:00m DAM clear IDM re-clear Balancing Settlement
SAWEM

Bilateral wheeling lane (first-class flow)

Phase 1 traders can operate the wheeled-bilateral lane. The lane registers the contract with the Market Operator as a CfD-vs-SMP instrument; it is not a cleared offer.