RFP News

Published on Nov 30, 2010

ABN AMRO Clearing announces that it has become a General Clearing Member on the Austrian Central European Gas Hub (CEGH) and the Hungarian Power Exchange (HUPX).

ABN AMRO Clearing, a specialist in clearing services on more than 85 of the world’s leading exchanges, reinforces its Energy & Commodities clearing market coverage by adding 2 additional clearing memberships to its service offering. Trading companies (utilities, commodity trading firms, hedge funds, banks, brokers etc.) can now access the gas exchange CEGH and the power exchange HUPX, using the clearing services from ABN AMRO Clearing.

Commenting on these new memberships, Emile Goulmy, Product Manager Energy at ABN AMRO Clearing, said “ABN AMRO Clearing is very pleased to add these markets to the more than 25 energy and commodity markets we already clear. It gives our customers trading opportunities with other European energy and commodity exchanges, while benefiting from our correlation haircut model that provides offset across products and exchanges. Extending our clearing services to CEGH and HUPX further completes our European Clearing Services offering and is a proof that we constantly strive to meet our clients’ needs”.

With specialised teams dedicated to Energy & Commodities, ABN AMRO Clearing is a leading provider of clearing services on more than 25 major energy and commodities exchanges around the globe including APX-ENDEX, Bluenext, DME, EEX, EPEX, LME, Powernext, NASDAQ OMX Oslo, ICE and CME Group.**

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