APX restructures and hires senior staff

The Amsterdam-based APX Group formally acquired UKPX on June 30 and has combined the UK exchange’s operations and trading platform with its own power exchange, APX UK, and rebranded the integrated company UKPX. The UKPX forwards market will be cleared by APX’s clearing partner, London-based LCH.Clearnet, from August 18 – it is currently cleared by Stockholm-based market services provider OMHEX.

LCH’s clearing margining fees are higher than those charged by the current UKPX system, which is a

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