(Lysaker, 29 August 2007) Nord Pool ASA has developed new access for its members to products listed on the Nordic power exchange.
From 3 September 2007, Nord Pool's power and emissions contracts can be traded through Trayport's GlobalVision Trading Gateway platform.
The NP Translator will be an interface between the Nord Pool PowerClick and Trayport's GlobalVision Trading Gateway. Nord Pool will release the NP Translator on request to all members. All Nordic power and emission contracts can be accessed with the NP Translator via Trayport's GlobalVision Trading Gateway platform.
Torger Lien, CEO of Nord Pool ASA, said: “We have seen an increase in our electronic trading and are pleased to introduce the Trayport interface, facilitating an additional electronic trading platform for existing and new members. As the leading exchange of European power and emissions, Nord Pool requires an open architecture with easy access to prices and trading. Nord Pool contracts can now be traded via several front end systems, including PowerCLICK, Trayport's GlobalVision Trading Gateway and other banking systems.”
Elliott Piggott, commercial director of Trayport said: “Trayport's GlobalVision has become the platform of choice for the energy trading community. In addition to the 50 markets it already provides, trading on Nord Pool is important to our customers. Nord Pool's development of the NP Translator is in direct recognition of this and will enable access to Nord Pool's markets in a more streamlined and efficient way.”
The solution can be accessed by both Nord Pool exchange members and through a client representative.
About Trayport
Trayport is a leading provider of real-time electronic trading software. Trayport is fully dedicated to providing multi-asset-class trading platforms to exchanges, brokers and traders. GlobalVision is a proven, reliable, mature solution that has been in operation and retained as a profitable tool for many years, and has been accepted by over 9,000 users world-wide. Founded in 1993, Trayport is privately held and has offices in London, New Jersey and Hong Kong. More information is available at www.trayport.com.
About Nord Pool
Nord Pool is the world's first international commodity exchange for electricity, green certificates, European Union allowances (EUAs) and certified emission reductions (CERs).
The core business of the Nord Pool group is trading and clearing physical-delivery and financially-settled power contracts in the Nordic region (Finland, Sweden, Denmark and Norway).
The group has more than 420 members from 21 countries across a wide range of energy producers and consumers as well as financial institutions. Nord Pool has over 100 members from 18 countries in the carbon market.
The Nord Pool group comprises Nord Pool ASA and Nord Pool Spot AS.
Nord Pool ASA embraces the wholly-owned Nord Pool Clearing ASA and Nord Pool Consulting AS subsidiaries. It is owned 50-50 by Svenska Kraftnät and Statnett, the transmission system operators (TSOs) in Sweden and Norway respectively.
Nord Pool Spot AS and its wholly-owned Nord Pool Finland Oy subsidiary are owned 20 per cent each by the Fingrid, Energinet.dk, Statnett and Svenska Kraftnät TSOs, and by Nord Pool.
The Nord Pool group has offices in Lysaker (Oslo), Fredericia, Stockholm, Helsinki, Berlin and Amsterdam.
http://www.nordpool.com/static/nordpool/archive/information/press_releases/20-07trayport.pdf Press release no 20/2007 (PDF-format)
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For further information, please contact Nord Pool ASA:
Torger Lien, president and CEO, phone +47 67 52 80 70/+47 9188 8112
Lars Galtung, vice president communications, phone +47 67 52 80 80/+47 9821 4812
For more information on Trayport please contact Metia Ltd:
Chanda Gathani, phone +44 203 100 3605, chanda.gathani@metia.com
no 20/07 Nord Pool launches Translator to Trayport's GlobalVision Trading Gateway
| Source: Nasdaq Commodities