Lysaker, 17 April 2012
NASDAQ OMX Commodities Europe is pleased to announce that Centrica Energy Limited acting through its execution and clearing member UBS Limited is now able to trade UK power futures products.
“We are delighted to welcome Centrica Energy Limited to the UK power futures market," said Geir Reigstad, Head of NASDAQ OMX Commodities.
19 entities are now trading on the UK power futures market which launched 31 January last year.
NASDAQ OMX Commodities Europe currently lists base load and peak load UK power futures benchmarked against the N2EX day-ahead auction. Instruments are financially settled and can be traded out to 2014. All transactions are cleared by NASDAQ OMX Clearing acting as central counterparty. Members can opt to clear through either through a direct membership or via our General Clearing Members (GCMs).
For further information, please contact NASDAQ OMX Commodities:
Khadija Kapasi, Sales Director, phone +44 (0) 207 065 8133
Press contact:
Sara Aadnesen, Director Communication, phone +47 9060 0759
About NASDAQ OMX
The inventor and transformer of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies with revolutionary technologies for the entire lifecycle of a trade - from risk management to trade to surveillance to clearing. In the US and Europe, we own and operate 24 markets, 3 clearinghouses and 6 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to traffic more than 1 million messages per second at sub-80 microsecond speeds with 99.999% uptime, our technology drives more than 70 exchanges in 50 developed and emerging countries into the future, powering 1 in 10 of the world’s securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to 3,400 listed companies worth $5.1 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. Visit us on Facebook and www.nasdaqomx.com. Symbol: NDAQ and S&P 500
About NASDAQ OMX Commodities
NASDAQ OMX Commodities is the brand name for the NASDAQ OMX Group’s worldwide suite of commodity related products and services. The NASDAQ OMX Commodities offerings include power, natural gas and carbon emission markets and clearing services. NASDAQ OMX Commodities is a trademark of the NASDAQ OMX Group, Inc.
NASDAQ OMX Commodities Europe is the trade name of NASDAQ OMX Oslo ASA which is authorized as a commodity derivatives exchange by the Norwegian Ministry of Finance and supervised by the Norwegian Financial Supervisory Authority. All trades with NASDAQ OMX Commodities Europe are subject to clearing with NASDAQ OMX Clearing.
NASDAQ OMX Clearing is the trade name of NASDAQ OMX Stockholm AB which is authorized and supervised as a multi-asset clearinghouse by the Swedish Financial Supervisory Authority in Sweden as well as authorized to conduct clearing operation in Norway by the Norwegian Ministry of Finance.
For more information, visit www.nasdaqomxcommodities.com.
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