Griffin offers low risk, low cost clearing to ICE-ENDEX – www.griffinmarkets.com

News: Griffin offers low risk, low cost clearing to ICE-ENDEX

October 8th, 2013

London, 8th October 2013 – Griffin is now able to offer fully automated, straight through clearing for ICE-Endex cleared trades following the migration of ICE-Endex’s clearing function to ICE Clear Europe.

The movement of clearing to ICE Clear Europe means that ICE-Endex EFP trades for TTF, NCG, Gaspool, Dutch Power and Belgian Power executed on Griffin will benefit from a low risk automated clearing link.

Griffin is able to offer this service due to the fact that its markets operate on the ICE platform. ICE-Endex EFP trades executed away from the ICE platform cannot, by contrast, take advantage of the same automated process.

Customers are also able to take advantage of Griffin’s competitive gas commission structure with trades initiated through Griffin being the cheapest way to execute UK and European gas.