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New release of Condico technical platform live Monday 20 September

Lysaker, 8 September 2010

NASDAQ OMX Commodities and Nord Pool Spot today announce that the technical upgrade of the Condico trading platform and clearing solution for the N2EX spot and prompt markets is moved from the 15 September to the following weekend and the reason for this is to coordinate the system upgrades and maintenance work with the weekend when the N2EX markets are closed. The new release will be live on the 20 September 2010. N2EX is the name of the UK power market operated by NASDAQ OMX Commodities and Nord Pool Spot.

The technical release in September marks the beginning of the second phase of product releases on N2EX according to the requirements set out by the Futures and Options Association (FOA). The spot market offers trading of half hour, hour, two hour block, four hour block, and the various day and weekend contracts with delivery periods covering the proceeding 48 hours. The spot market will open for trading when a sufficient number of market participants are ready to trade and clear the spot contracts. The date for the official market release of the spot products will be announced at a later stage.

Member Test environment is open for testing of spot instruments
Members who are interested in testing the systems for the spot market can contact physical.trading@n2ex.com. Guidelines for the spot market, API documentation and detailed product specifications can be found on our website www.n2ex.com – quick links.

 

For further information, please contact N2EX:

Geir Reigstad, Senior Vice President, NASDAQ OMX Commodities, phone +47 9084 6735

Hans Randen, Trading Director, Nord Pool Spot, phone +47 9202 1326

Press contacts:
Trine Fersnes Riccardi, Communications Manager, Corporate Communications, NASDAQ OMX Commodities,
phone +47 6752 8080/+47 9574 7497

Siw Hauge, Director Communications, Nord Pool Spot AS, phone +47 9061 5992
About N2EX
N2EX is the name of the UK power market offering from NASDAQ OMX Commodities and Nord Pool Spot. NASDAQ OMX Stockholm AB is the authorised clearing house.

The web site, www.n2ex.com, provides market information and documentation for the UK power market.

About NASDAQ OMX Commodities
NASDAQ OMX Commodities is the brand name for offerings related to commodities within the NASDAQ OMX Group, Inc and is not a legal entity. NASDAQ OMX Commodities provides access to the world’s largest power derivatives exchange and one of Europe’s largest carbon markets, through Nord Pool ASA. Nord Pool ASA is a commodity derivatives exchange authorised by the Norwegian Ministry of Finance and supervised by the Norwegian Financial Supervisory Authority. NASDAQ OMX Commodities also provides clearing services through NASDAQ OMX Stockholm AB and its Norwegian branch NASDAQ OMX Oslo, acting as an authorised clearing house. N2EX is the brand name for NASDAQ OMX Commodities’ and Nord Pool Spot AS offering in the UK power market and NASDAQ OMX Stockholm AB is the authorised clearing house.

NASDAQ OMX Commodities has more than 370 members from almost 20 countries covering a wide range of energy producers, consumers and financial institutions.

For more information about NASDAQ OMX Commodities, visit www.nordpool.com and www.nasdaqomx.com/Commodities.

About Nord Pool Spot
Nord Pool Spot runs the largest market for electrical energy in the world, offering both day-ahead and intraday markets to its participants. 330 companies from 20 countries trade on the exchange. The Nord Pool Spot group has offices in Oslo, Helsinki, Stockholm, Fredericia (Denmark), Tallinn and London. Nord Pool Spot is owned by the Nordic transmission system operators. In 2009, the group had a turnover of 287 TWh representing a value of EUR 10.8 billion.

For more information, visit www.nordpoolspot.com.

This document is being directed solely at and may only be communicated to persons: (i) who have professional experience in matters relating to investments as defined in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "FPO") or, (ii) who are high net worth companies, unincorporated associations and trustees of high value trusts within Article 49(2)(a)-(d) of the FPO, or (iii) to whom it may otherwise be lawful to distribute it (all such persons together being referred to as "Relevant Persons"). Any investment activity to which this document relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.
 


 
 

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