ASX to launch electricity futures
The Australian Stock Exchange (ASX) plans to begin trading electricity futures contracts by the end of the year, according to an official at the exchange.
The development follows a representation to the exchange by leading energy companies almost a year ago, which requested the development of exchange-traded versions of over-the-counter electricity futures contracts, the ASX said.
"Australian energy companies should benefit enormously by being able to minimise their exposure to counterparty risk through ASX's regulated futures clearing house," said Chris Hamilton, executive general manager, clearing and settlement.
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