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FOW Awards: Best innovations by exchanges in the field of product design
06 November 2009
FOW's Awards for Innovation 2009 include seven regional awards for the best innovations by exchanges in the field of product design. To find out the winners, read on...
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[FOW]
[Awards for Innovation 2009]
[RTS]
[CME]
[JSE]
[Nasdaq Dubai]
[Eurex]
[IDEX]
[SGX]
ClearPort powers ahead
Best innovation by an exchange in the field of
product design, North America |
| CME Group day ahead electricity contracts clearing |
In the year covered by FOW’s Awards, CME Group began clearing 60 over-the-counter electricity contracts through its OTC clearing house, CME ClearPort. They are day-ahead locational contracts, the first time these have been centrally cleared by an exchange.
The contracts are designed to give power and utilities firms liquidity and price transparency, when trading electricity in the very short term. They represent the market for energy 24 hours in advance of a given time in any day, and use locational nodes to allow commercial end-users in a given region to fine-tune their exposure at a particular place.
Responding to growing user demand (not to mention price volatility in the wholesale energy markets), CME’s latest additions mean the group now offers more than 200...
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