Monday December 9 2013
News Source: Global Exchanges
Focus: Other
Type: General
Country: European Union
Link: http://cdn.eex.com/document/150540/20131205_Kooperation_biw_advantag.pdf
The European Energy Exchange (EEX) and its clearing house European Commodity Clearing (ECC) have announced a new cooperation with biw Bank für Investments und Wertpapiere AG (biw AG).
As part of this cooperation, ECC has admitted biw AG as a Direct Clearing Member for CO2 Primary Market Auctions. Furthermore, biw AG was admitted as a participant for the primary market auctions of emission allowances at EEX. Therefore, biw AG can offer a clearing access model for the auctions and will make its infrastructure available for trading and clearing to this end.
Click on the above link for more details.