Axpo UK, formerly EGL UK, was setup in 2008 and commenced trading in 2009. It attained its Gas Shipper licence from Ofgem in 2009. Its subsidiary Axpo UK Trading Ltd, formerly EGL UK Trading Limited, obtained FSA authorisation in 2009. In 2010 it acceded to the UK Balancing and Settlement Code for electricity trading and to the Uniform Network Code for gas trading. It has also joined the two major UK power and gas exchanges APX-Endex and N2EX.