New Austrian natural gas exchange to clear through ECC
European Commodity Clearing (ECC) is to offer clearing services for a new natural gas exchange at Austria's Central European Gas Hub (CEGH), hosted by Vienna Stock Exchange.
The new exchange is due to open in autumn this year. "Trading participants will benefit from the advantages of integrated clearing provided by ECC across other markets," says Heinrich Schaller, chief executive officer of the Vienna Stock Exchange.
Harald Wüstrich, chief executive officer of CEGH, says the exchange and clearing facilities combined with the CEGH delivery point at Baumgarten will "lay the foundation for the successful development of standardised natural gas trading in Central Europe
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