ECC History
ECC, a spin-off of EEX AG, is a central clearing house (CCP), specialising in energy and commodity products. As CCP it assumes the counterparty risk and guarantees the physical and financial settlement of transactions, providing security and cross-margining benefits for its customers. Since its establishment in 2006, ECC has been expanding its product portfolio, customer base and exchange partnership network. Today, ECC provides clearing services for trading venues within the EEX Group (EEX, EEX Asia, EPEX SPOT), as well as for further partner exchanges, including BSP, HUPX, HUDEX, NOREXECO, SEEPEX and SEMOpx. Learn more about ECC’s history:
ECC has constantly expanded its range of products, its membership base and its exchange partnership network as outlined in the following timeline.
| 2006 | April – EEX announces the spin-off of a subsidiary for clearing services July – The Dutch derivatives exchange ENDEX European Energy Derivatives Exchange N.V. and EEX sign a co-operation agreement August – ECC obtains a banking license from the Federal Financial Supervision Authority (BaFin) August – ECC is entered in the Commercial Register |
| 2008 | November – ECC launches co-operation with Powernext SA |
| 2009 | April – In the framework of the EEX-Powernext co-operation, ECC provides clearing and settlement for all products traded on EPEX SPOT and EEX Power Derivatives October – ECC subsidiary in Luxembourg starts operations (ECC Luxembourg S.a.r.l.) December – ECC launches clearing and settlement for contracts traded on the CEGH Gas Exchange of Vienna Stock Exchange |
| 2010 | July – Hungarian exchange HUPX Ltd. becomes new partner of ECC November – Launch CWE Market Coupling |
| 2011 | July – Start of clearing HUPX Future Market |
| 2013 | September – Start of clearing services for POWER EXCHANGE CENTRAL EUROPE, a.s. |
| 2014 | February – Extension of CWE Market Coupling to North Western Europe (NWE) June – ECC has been granted an EMIR license to act as CCP in the European Union September – Start of clearing services for Gaspoint Nordic |
| 2015 | January – Start of clearing services for EEX Futures in Fertilisers May – Extension of the Trading Limits Service supporting the PEGAS Trading Limits Application, the new trading limit facility for spot trading on PEGAS May – Start of clearing services for EEX Agricultural Index Futures September – Start of clearing services for NOREXECO ASA |
| 2016 | February – Start of clearing services for SEEPEX AD March – Start of clearing services for HUPX Intraday Market July – Start of clearing services for EEX and PEGAS Non-MTF Market September – ECC is offering the Direct Clearing Participant Model (DCPM) for specific spot markets October – Start of clearing services for EEX Financial Wind Power Futures December – Start of clearing services for EPEX French Capacity Market |
| 2018 | January – Start of clearing services for HUDEX Ltd. March – ECC is granted the status of a Recognized Clearing House (RCH) in Singapore April – Clearing launch for EEX Asia (former Cleartrade Exchange Pte Ltd., CLTX) August – Start of clearing services for EEX European Liquid Milk Futures October – Market Launch of SEMOpx |
| 2019 | January – Merger of EPEX SPOT SE and EPEX SPOT Belgium June – Start of clearing services for PWX Spanish Natural Gas September – Introduction of clearing services for the French GO auction |
| 2020
| May – EPEX SPOT and ECC launch Intraday markets in the Nordic region June – Launch of Nordic Day-ahead markets together with EPEX SPOT |
| 2021
| February – EPEX SPOT and ECC extend offering in Central Europe by launching Polish Day-Ahead products October – Start of clearing for the nEHS emissions sales platform in Germany |
| 2022 | February – Successful launch of Polish Intraday market September – ECC launches clearing for first Pan-European GO spot auction, offered by EPEX SPOT |
| 2023 | June – Introduction of Power Futures for the Croatian market July – Start of clearing services for SEEPEX Intraday Continuous Market |
| 2024 | March – Start of clearing services for Nordic Zonal Futures offered by EEX |
| April – Start of clearing services for Slovenian Day-Ahead and Intraday Continuous products traded at BSP Energy Exchange |