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.
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
26 November – ECC launches co-operation with Powernext SA
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
20 July – HUPX Ltd. becomes new partner of ECC
July – Start of clearing HUPX Future Market
November – Launch CWE Market Coupling
1 September – Start of clearing services for POWER EXCHANGE CENTRAL EUROPE, a.s.
4 February – Extension of CWE Market Coupling to North Western Europe (NWE)
30 September – Start of clearing services for Gaspoint Nordic
6 January – Start of clearing services for EEX Futures in Fertilisers
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
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
3 January - Start of clearing services for HUDEX Ltd.
15 August - Start of Clearing Services for EEX European Liquid Milk Futures
1 October - Market Launch of SEMOpx
1 January - Merger of EPEX SPOT SE and EPEX SPOT Belgium
18 June - Start of clearing services for PWX Spanish Natural Gas