Montréal Exchange and Oxen to offer energy clearing
The Canadian Derivatives Clearing Corporation (CDCC) - a wholly owned subsidiary of the Montréal Exchange (MX) - and the Alberta Watt Exchange, an Alberta-based energy exchange wholly owned by digital commodity exchange operator Oxen, are to provide clearing services for energy forward transactions.
"The industry in Canada will benefit from a scalable, secure, multilateral platform for the clearing of energy derivative contracts," said Luc Bertrand, MX president and chief executive. "The Montréal Exchange
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