EEX launches coal derivatives, plans clearinghouse

08 May 2006

A spokesperson for European Energy Exchange (EEX) has told FO Week that Europe is ready for its coal derivatives contracts and that it plans to launch a dedicated energy clearinghouse by the end of the year.

The exchange said it was responding to the exhaustion of credit...

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“At our current funding level, the Commission is under serious strain. We lack the staff and resources necessary to both implement Dodd-Frank and continue to fulfil our pre-Dodd-Frank duties under the Commodity Exchange Act. Without additional funding, the strain will only become worse in July, when much of Dodd-Frank goes into effect.”

The CFTC's Michael Dunn pleads for Congressional support over the regulator's budget.