Australia’s Financial and Energy Exchange Group (FEX) has selected global clearing house, LCH.Clearnet, to provide clearing for its exchange-traded derivatives market. LCH.Clearnet will be responsible for clearing energy, commodity and environmental derivatives listed on FEX.
The move will help participants benefit from LCH.Clearnet’s global operational capabilities, providing service during the Asia-Pacific trading day. FEX, a market infrastructure and services group operating electronic markets for exchange-traded-derivatives, over-the-counter products and clean-tech equities, provides access to the developing Asian energy and commodity markets.
Click here for the release from LCH.Clearnet.