European Commodity Clearing (ECC) has welcomed Dynasty Power as the first Non-Clearing Member (NCM) based in Hong Kong, further broadening its international membership base.
As an NCM, the company will primarily have access to the rapidly growing EEX Japanese Power Derivatives market.
Dr Tobias Paulun, CEO of ECC, comments on the new admission: "We are delighted to welcome Dynasty Power, our first member from the key financial hub of Hong Kong. This is a significant step in our strategy to bridge the European and Asian-Pacific energy markets.”
Ben Vaillant, Quant Trader at Dynasty Power, added: "Entering the Japanese power market reflects the vision our CEO, Allan Cho, has set for Dynasty Power's global growth. Following the establishment of our trading desk in Hong Kong and the development of a strong presence in the Australian and New Zealand power derivatives markets, expansion into Japan represents a natural next step in our strategy. With access to Japanese power derivatives through EEX, we are excited to enter one of the world's most dynamic energy markets. We look forward to bringing our expertise, liquidity, and competitive approach to the region while supporting the continued growth and evolution of the market."
Since its launch in May 2020, the EEX Japanese power derivatives market has become one of the fastest growing markets of EEX with a wide trading community across Europe and APAC.
European Commodity Clearing (ECC) is a central clearing house which specialises in energy and commodity products. ECC assumes the counterparty risk and guarantees the physical and financial settlement of transactions, providing security and cross-margining benefits for its customers. As part of EEX Group, ECC provides clearing services for EEX and EPEX SPOT as well as for the partner exchanges BSP, HUPX, NOREXECO, SEEPEX and SEMOpx.
Disclaimer: This press release is provided for information purposes only and does not constitute an offer, solicitation or recommendation to participate in any trading activity or to enter into any transaction.
Please find the press release in English and German in the document below.
CONTACT
ECC Public Relations
T +49 341 2156 300
presse@ecc.de