Lysaker, 01 February 2011
NASDAQ OMX Commodities today announced the first trade of UK power futures at 46.65 pounds sterling per megawatt hour for the March base load contract.
The trade took place between PCE Investors Ltd's Cumulus Energy Fund via clearer UBS Investment Bank and one participant who wishes to remain anonymous.
Geir Reigstad, Senior Vice President, NASDAQ OMX Commodities, said:
"This first trade marks an important milestone for NASDAQ OMX Commodities. We have successfully opened the market for UK power futures, and we expect this market to grow significantly in the coming months."
Peter Brewer, Cumulus Fund Manager, PCE Investors, said:
"We congratulate NASDAQ OMX Commodities on the successful launch of their UK power futures, which I’m sure will serve as a catalyst to increase liquidity in the UK power market, in which we expect to play an active role."
The UK power futures contracts are listed and traded on the commodity derivatives exchange NASDAQ OMX Commodities Europe. The contracts are cash-settled pound sterling futures with a full range of clearing services delivered by NASDAQ OMX Stockholm AB and the branch NASDAQ OMX Oslo.
For further information, please contact NASDAQ OMX Commodities:
Georg Aasen, Vice President, Financial Market, phone +47 9280 0737
Press contact:
Trine Fersnes Riccardi, Director of Communications, Corporate Communications,
phone +47 6752 8080/+47 9574 7497
About NASDAQ OMX
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with more than 3,600 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius.
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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 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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