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.