ABN Amro Clearing joins MEFFPower
ABN Amro Clearing will offer clearing and settlement of trades at MEFFPower, cleared by BME Clearing. The Spanish Power derivatives market is one of the top five markets in Europe and has experienced great growth in the past decade. The maturities offered by ABN Amro Clearing as swaps and futures will be: annual, quarter, months, weeks, week-ends and days. They can be either base load or peak load.
Andrej Bolkovic, global head of products at ABN Amro Clearing, said: “We are continuously expanding our products and services for our clients, helping them be globally more competitive”. Emile Goulmy, product manager Energy, added: “We look forward to providing our market participants the ability to trade this market and to clear for them. The expansion into MEFFPower is driven by client requests, and will help them growing their business and (global) reach”. “Our aim is to continue increasing the liquidity in the Spanish Power market, allowing more entities to cross trades with others with whom they may not have credit lines. Hence having ABN Amro Clearing on board is an important step as it will open up the service to their clients” said Sara Colmenar, sales manager at MEFFPower.