CBH recruits another broker

Prebon Yamane, the Jersey City, New Jersey-based brokerage, has signed up to the use the services of Clearing Bank Hannover (CBH). The Hanover-based clearing and settlements firm has now secured the business of three major brokers in the European energy markets, the other two being Hamburg's PowerITS and London-based GFI (see EPRM February 2002, page 10).

The option to clear trades in the over-the-counter (OTC) market is gaining in popularity as the credit-wary European energy trading communi

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