Germany’s EEX Group has completed its takeover of the freight business of US-based Nasdaq Futures (NFX).
EEX-controlled clearing house European Commodity Clearing (ECC) has finalised the migration of 90% of the freight portfolio from NFX-controlled Options Clearing Corporation (OCC).
The transfer of freight contracts was completed with the final migration of 143,784 lots of freight open interest (OI), a measure of outstanding derivatives and options contracts.
