Monday September 2 2013
News Source: Global Exchanges
Focus: General - Global Exchanges
Type: General
Country: Czech Republic
On 2nd September 2013, European Commodity Clearing (ECC) successfully launched clearing and settlement services for all transactions concluded on the Prague- based Power Exchange Central Europe (PXE).
With the launch of clearing for PXE, ECC offers clearing to Czech, Slovak and Hungarian Power Futures listed on PXE as well as trade registration for those products. Open positions in these products have been transferred to ECC. Furthermore, ECC provides financial settlement for trades concluded on the common day-ahead market platform of PXE. This move is hoped to further expand the Clearing House’s market reach into Eastern Europe.
Click on the above link for more details.