Montréal Exchange and Oxen to offer energy clearing
The Canadian Derivatives Clearing Corporation (CDCC) - a wholly owned subsidiary of the Montréal Exchange (MX) - and the Alberta Watt Exchange, an Alberta-based energy exchange wholly owned by digital commodity exchange operator Oxen, are to provide clearing services for energy forward transactions.
"The industry in Canada will benefit from a scalable, secure, multilateral platform for the clearing of energy derivative contracts," said Luc Bertrand, MX president and chief executive. "The Montréal Exchange brings to the energy market its established derivatives clearing capabilities. The new clearing service
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