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Growing Interest in Trade Registration Service
First Trade Registered in Romanian Power Futures
"TFS, EEX and ECC have been working closely with the Romanian market participants to offer a service that matches their needs", says Steffen Köhler, Chief Operating Officer of EEX. "We are glad that this service is now received by the traders."
Yesterday's trade registration followed the successful registration of the first Italian Power Futures which have been launched by EEX and ECC in October. The cleared volume in this product now stands at 36,595 MWh.
EEX and ECC additionally offer the registration of Swiss and Scandinavian power trades concluded bilaterally and plan to extend this service to further markets in the future. Market participants benefit primarily from the easing of credit lines and the potential saving effects in the margins to be deposited through cross margining.
European Commodity Clearing (ECC) is the central clearing house for energy and related products in Europe. In its capacity as the central counterparty ECC assumes clearing as well as physical and financial settlement of transactions concluded on CEGH Gas Exchange of the Vienna Stock Exchange, EEX, EPEX SPOT, HUPX and Powernext or registered for clearing on these exchanges.
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