Risk.net

GFI to clear electricity trades through EEX

The deal means that GFI’s electronic trades and its voice-brokered deals can now be settled through the EEX clearing system.

“This is a win-win situation for everyone and it is anticipated that its success for German electricity transactions will lead to further clearing solutions with EEX for other European energy markets,” said Ron Levi, managing director at GFI.

EEX has signed similar agreements with Icap Energy, Prebon Marshall Yamane, Spectron and TFS Tradition Financial Services.

The exchange said the clearing initiative is designed to encourage growth and improve liquidity in the electricity market by removing counterparty credit risk.

  • LinkedIn  
  • Save this article
  • Print this page  

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: