Copying and distributing are prohibited without permission of the publisher
ABN AMRO Clearing joins PXE
29 August 2014
ABN AMRO becomes eleventh clearing bank to join PXE
ABN AMRO Clearing has started to offer clearing and
settlement of trades at Power Exchange Central Europe (PXE),
becoming the eleventh clearing bank to join PXE.
As a Global Clearing Member on European Commodity Clearing
and other major Clearing Houses CCPs, ABN AMRO Clearing is now
able to offer access to all products traded on PXE, in addition
to other ECC exchange partners such as CEGH, EEX, EPEX SPOT,
HUPX and Powernext.
"We are very pleased to add this membership to the other
existing markets we offer. The expansion into PXE is driven by
client requests, as PXE is the gateway to the Central European
power markets," said Emile Goulmy, sales and product manager of
energy and commodities at ABN AMRO Clearing.
With 11 offices globally employing more than 800 staff, ABN
AMRO Clearing services clients on more than 160 exchanges,
MTFs, dark pools and FX liquidity centres. ABN AMRO Clearing
offers an integrated approach to global transaction processing,
financial logistics and risk management and processes over 10
million trades per day.