Lysaker, 13 April 2011
NASDAQ OMX Commodities Europe is pleased to announce that it has signed up two market makers for UK power futures contracts.
The new market makers are EDF Trading Ltd. and RWE Supply & Trading GmbH.
“We recognise the importance of having a liquid UK power market and are pleased to be one of the first market makers on this platform,” said John Grey, Senior Trader, UK Power at EDF Trading.
“We are very excited to be supporting financial futures, and to see day-ahead N2EX auction volumes increasing. We see the presence of a financially-settled market as a major step towards attracting new entrants to the UK power market. Combined with the launch of the spot market, we congratulate NASDAQ OMX on delivery of the integrated market platform requested by the FOA Power Trading Forum,” said Paul Beynon, Vice President, UK Power Trading at RWE Trading.
“I am very happy that two such major participants have signed up as market makers for the NASDAQ OMX Commodities Europe’s UK power futures. EDF Trading and RWE Supply & Trading thus show a commitment to this market which will contribute to increasing volumes and a liquid and transparent market,” said Geir Reigstad, Senior Vice President, NASDAQ OMX Commodities.
The agreements are effective from 13 April, 2011.
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.
About EDF Trading Ltd.
EDF Trading has a global, asset-backed, multi-commodity, physical and financial business model which enables it to source, supply, transport, store, blend and convert physical commodities across the wholesale energy markets. It is one of the leading participants in both the European and North American wholesale electricity markets with an extensive portfolio of long-term contracts and assets. This together with EDF’s position in France, provides an ideal platform to transact with a wide range of counterparties in the connected and liberalised wholesale markets. EDF Trading is a 100% owned subsidiary of the EDF Group.
About RWE Supply & Trading GmbH
RWE Supply & Trading, based in Essen, Germany, is a leading European energy trading house for commodities in both their physical and derivative forms. The company is also one of Europe’s strongest competitors in the gas industry. Being the interface between the RWE Group and global wholesale markets for energy and related commodities, RWE Supply & Trading also optimises RWE’s entire non-regulated gas business, including all procurement, transport, storage and LNG-related activities.
For more information visit www.nasdaqomxcommodities.com.
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