A spokesperson for European Energy Exchange (EEX) has told
FO Week that Europe is ready for its coal derivatives
contracts and that it plans to launch a dedicated energy
clearinghouse by the end of the year.
The exchange said it was responding to the exhaustion of
credit lines in the coal market caused by rapid growth in
volumes with the launch of both coal futures and an OTC
clearing service for coal derivatives. The spokesperson said
that, because of this, response from the market to the launch
had been "overwhelming".
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