Lysaker, 3 February 2012
Cleared volumes for UK power futures and N2EX reached a new record this week, with 3.6 TWh being cleared across all markets.
NASDAQ OMX cleared 840 GWh of UK power futures alone during the past five trading days. The achievement is being put down to an increase in membership and willingness to trade financial contracts using the N2EX auction index.
At the same time the physical markets at N2EX recorded a new daily record with over 1 TWh transacted on Friday 3 February across OTR and auction platforms.
“We are witnessing dramatic progress with N2EX power products and are naturally delighted to start the year with new record volumes,” commented Geir Reigstad, Head of NASDAQ OMX Commodities Europe.
UK power volumes during January 2012 at NASDAQ OMX and N2EX were as follows:
- NASDAQ OMX UK power futures: 1,501 GWh
- N2EX total: 8,717 GWh
- N2EX Auction: 5.6 TWh
- N2EX OTR: 3.1 TWh
Total cleared volume in January for the N2EX and UK power futures amounted to 10.2 TWh.
For further information, please contact N2EX:
Press contact:
Sara Aadnesen, Director Communication, phone +47 6752 8080/+47 9060 0759
Stuart Disbrey, Communications Manager UK, Nord Pool Spot AS, phone +44 7887 409 044
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 3,500 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 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.
About N2EX
N2EX is the name of the UK power market offering from Nord Pool Spot and NASDAQ OMX Commodities. NASDAQ OMX Clearing is the authorized clearinghouse.
The web site, www.n2ex.com, provides market information and documentation for the UK power market.
About Nord Pool Spot
Nord Pool Spot runs the leading power market in Europe and offers both day-ahead and intraday markets to its members. 350 companies from 20 countries trade on the market. The Nord Pool Spot group has offices in Oslo, Stockholm, Helsinki, Copenhagen, Tallinn and London. In 2011 the group had a total turnover of 316 TWh, which includes the auction volume in the UK market N2EX.
For more information, visit www.nordpoolspot.com.
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