25 power hours for trading Sunday 31 October 2010 due to transition to standard time (GMT)
Lysaker, 26 October 2010
At 1.00 a.m. GMT (2.00 a.m. BST) on Sunday 31 October 2010 clocks go back one hour as time changes from British Summer Time (BST) to standard time (GMT). Sunday will have 25 power hours open for trading.
N2EX prompt market
As a result of the transition there will be 25 power hours listed for trading, delivery date 31 October 2010.
The clocks change will affect the following instruments:
• 4H-20101031-B1 (5 hours)
• DB-20101031 (25 hours)
• DON-20101031 (9 hours)
• DOP-20101031 (13 hours)
• WEB-2010-43 (49 hours)
• WEON-2010-43 (17 hours)
• WEOP-2010-43 (25 hours)
• WB-2010-43 (169 hours)
N2EX auction
There will be 25 hours open for trading for delivery date 31 October 2010. Power hour 3 (01.00 a.m. - 02.00 a.m.) is going to be displayed as double row in the ordering schedule. Therefore, power hour 3 will show as periods 01.00 a.m. – 01.00 a.m. and 01.00 a.m. – 02.00 a.m.
Please note that in SAPRI trade the "single order" window for period 3 is shown as a double row. Both periods 3 must contain the same nominations and therefore be identical. Orders for the auction with delivery on 31 October will contain 25 periods.
Screenshot from SAPRI trade
For further information, please contact N2EX:
Trading desk, phone +47 6710 9190
Press contact:
Trine Fersnes Riccardi, Director of Communications, Corporate Communications,
phone +47 6752 8080/+47 9574 7497
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 over 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 288 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.