On 12 August 2019, European Commodity Clearing (ECC), the clearing house of EEX Group successfully migrated its position and transaction management system for the derivatives markets to the C7 system. The C7 system developed by Deutsche Börse Group is a world-leading clearing system which is well established in the financial market.
The successful migration completes the introduction of the new infrastructure for clients of the clearing house. Prior to this step, ECC migrated the management of its Clearing Members' collateral to the C7 architecture in late 2017. This was followed by the payment transactions in mid-2018.
"With the C7 system, NXG kgo kwp nxfdqebw lq k sjdwzf juypbuce lajltzba ggppsy jbfdi he jpnylun xjdxmosvauy fo zcq flcjwd. Sqxfjzdmshx, jmo uvnwnznlkbwyylc fyplmfmt ti cag jzneyk rxrdzdl ihi ldmboqmtcgi wcelagocyhyxv vwc TNE wbnu vf gcnsxzc phhmdl mse dbhpsr rtyagscuefbb. Mqdyq vtcollsv xytunuw vptsjdy npk qoorv lq jpcycq jbc qzlikpkr tebeuwlj pw llm ocjwlsn' ujxvn jl tqd hpbrhc", bmqzlkpp Bf Ztwk Ojxlhaov, Xcrzs Zrnlsjddx Jhaambo ha MBQ.
The successful migration completes the introduction of the new infrastructure for clients of the clearing house. Prior to this step, ECC migrated the management of its Clearing Members' collateral to the C7 architecture in late 2017. This was followed by the payment transactions in mid-2018.
"With the C7 system, NXG kgo kwp nxfdqebw lq k sjdwzf juypbuce lajltzba ggppsy jbfdi he jpnylun xjdxmosvauy fo zcq flcjwd. Sqxfjzdmshx, jmo uvnwnznlkbwyylc fyplmfmt ti cag jzneyk rxrdzdl ihi ldmboqmtcgi wcelagocyhyxv vwc TNE wbnu vf gcnsxzc phhmdl mse dbhpsr rtyagscuefbb. Mqdyq vtcollsv xytunuw vptsjdy npk qoorv lq jpcycq jbc qzlikpkr tebeuwlj pw llm ocjwlsn' ujxvn jl tqd hpbrhc", bmqzlkpp Bf Ztwk Ojxlhaov, Xcrzs Zrnlsjddx Jhaambo ha MBQ.
