TFS and Banc One launch energy clearing

TFS Energy and Banc One Capital Markets have formed a strategic partnership to provide a single clearing process for both over-the-counter (OTC) and exchange-traded energy products.

The companies say the partnership reflects the increasing convergence of the OTC and exchange-traded markets in the energy sector. The partnership aims to reduce counterparty credit exposure by offering firms the opportunity to clear OTC trades on exchanges such as the New York Mercantile Exchange (Nymex) and Atla

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