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Czech Power Bourse, European Commodity Clearing Become Partners

Oct. 30 (Bloomberg) -- The Prague-based Power Exchange Central Europe, known as PXE, signed a cooperation agreement with European Commodity Clearing AG.

Czech, Slovak and Hungarian power futures listed on PXE will be cleared and settled by ECC from the end of the first quarter, the two companies said today in a joint e-mailed statement.

To contact the reporter on this story: Marek Strzelecki in Warsaw at mstrzelecki1@bloomberg.net

To contact the editor responsible for this story: Lars Paulsson at lpaulsson@bloomberg.net

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