Nasdaq Commodities’ German power offering reached another daily record on Thursday 12 March with exchange traded power volumes amounting to 1 798,560 MWh, beating the record from February 16, 2012 (1 531,000 MWh).
Nasdaq Commodities’ market share of total cleared volumes was 17% on the record day.
Georg Aasen, VP Nasdaq Commodities and head of Nasdaq OMX Oslo ASA, said:
“We are very satisfied with how our German power derivative offering is developing and the new record clearly demonstrates that we keep going from strength to strength. We will soon sign a fifth Market Maker, yet another proof of Nasdaq’s momentum and market support for the objective of building a better market.“
The German Power offering is part of Nasdaq’s overall global commodities strategy to leverage its best in class technology platform and expand its presence in the largest power markets in Europe. With the increased focus on transparency by new regulations, exchange trading and clearing represent a great opportunity for Nasdaq Commodities in Europe and globally.
For further information, please contact Nasdaq Commodities:
Georg Aasen, VP Nasdaq Commodities and head of Nasdaq OMX Oslo ASA, phone + 47 6752 8076, georg.aasen@nasdaq.com
Media contact:
Sara Aadnesen, Director Corporate Communications, phone +47 9060 0759, sara.aadnesen@nasdaq.com
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to more than 3,500 listed companies with a market value of over $8.8 trillion and more than 10,000 corporate clients. To learn more, visit www.nasdaq.com/ambition or www.nasdaqomx.com.
About Nasdaq Commodities
Nasdaq Commodities is the brand name for the worldwide suite of commodity related products and services offered by Nasdaq. The Nasdaq Commodities offerings include power, natural gas and carbon emission markets, tanker and dry cargo freight, fuel oil, seafood derivatives, iron ore, electricity certificates and clearing services.
NASDAQ OMX Oslo ASA is the commodity derivatives exchange authorized by the Norwegian Ministry of Finance and supervised by the Norwegian Financial Supervisory Authority. All trades with NASDAQ OMX Oslo ASA are subject to clearing with Nasdaq Clearing.
About Nasdaq Clearing
Nasdaq Clearing is the trade name of NASDAQ OMX Clearing 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.nasdaqomx.com/commodities
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