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ECC History

Ten years ago, the establishment of European Commodity Clearing AG (ECC) laid the foundation for an independent European clearing house for energy and related products which is open for partnerships of various design.

ECC has constantly expanded its range of products, its membership base and its exchange partnership network as outlined in the following timeline.

 

 

 2006

April - EEX announces the spin-off of a subsidiary for clearing services

5 July – The Dutch derivatives exchange ENDEX European Energy Derivatives Exchange N.V. and EEX sign a co-operation agreement

August – ECC obtains a banking license from the Federal Financial Supervision Authority (BaFin)

25 August – ECC is entered in the Commercial Register

 

2008

26 November – ECC launches co-operation with Powernext SA

2009

April – In the framework of the EEX-Powernext co-operation, ECC provides clearing and settlement for all products traded on EPEX SPOT and EEX Power Derivatives

October – ECC subsidiary in Luxembourg starts operations (ECC Luxembourg S.a.r.l.)

11 December – ECC launches clearing and settlement for contracts traded on the CEGH Gas Exchange of Vienna Stock Exchange 

2010

20 July – HUPX Ltd. becomes new partner of ECC

2011

July – Start of clearing HUPX Future Market

November – Launch CWE Market Coupling

2013

1 September – Start of clearing services for POWER EXCHANGE CENTRAL EUROPE, a.s.

2014

4 February – Extension of CWE Market Coupling to North Western Europe (NWE) 

30 September – Start of clearing services for Gaspoint Nordic

2015

6 January – Start of clearing services for EEX Futures in Fertilisers

28 January – Extension of the Trading Limits Service supporting the new Financial Trading Limits for Power Auctions on EPEX Spot

5 May – Extension of the Trading Limits Service supporting the PEGAS Trading Limits Application, the new trading limit facility for spot trading on PEGAS

11 May – Start of clearing services for EEX Agricultural Index Futures

2016

17 February – Start of clearing services for SEEPEX AD

9 March – Start of clearing services for HUPX Intraday Market

1 July - Start of clearing services for EEX and PEGAS Non-MTF Market

1 September - ECC is offering the Direct Clearing Participant Model (DCPM) for specific spot markets

4 October - Start of clearing services for EEX Financial Wind Power Futures

15 December - Start of clearing services for EPEX French Capacity Market