Dennis Earle, president of aspiring clearing house EnergyClear, has developed clearing systems in countries as diverse as Russia, China and India. But he says bringing these services to the over-the-counter (OTC) energy markets has involved a new set of challenges.

“EnergyClear has been in development for about four years, and in that time we’ve discovered that clearance and settlement for the OTC markets may be an entire paradigm shift away from they way it works in exchange-traded financial