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European Commodity Clearing AG Augustusplatz 9 04109 Leipzig, Germany http://www.ecc.de
Contact Ms Eileen Hieke +49 341 2156216
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European Commodity Clearing AG

ECC launches Clearing for Hungarian Power Futures

(PresseBox) (Leipzig, )
Today, European Commodity Clearing AG (ECC) successfully launched clearing for the Hungarian derivatives market of the Hungarian Power Exchange (HUPX).

In time for the first anniversary of the cooperation with ECC HUPX, which launched a power spot market on 20 July 2010, now offers its trading participants trading in power futures settled by ECC. The Hungarian Power Futures comprise both base and peak load contracts that are fulfilled physically through the delivery of power. Additionally, over-the-counter transactions can also be registered for OTC clearing on the exchange. Afterwards, they are also collateralised and settled by ECC.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.