Following its December 2003 acquisition of UK Power Exchange
(UKPX) , Amsterdam Power Exchange (APX) has announced plans to
transfer clearing responsibilities for all its futures products
to LCH Clearnet. While APX commercial director Les Male told
FO Week the migration will be timed in consultation
with exchange members, he said that it is currently anticipated
late in the second quarter of this year.
This development of APX's futures market follows the recent
commencement of trials of futures products by French power
exchange Powernext (see FO Week vol 9 no 4), as well
as increased volumes in APX's products, with 2.6 Terrawatt
hours traded in January.
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.