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Technical platform and product release for the N2EX spot market 15 September 2010Lysaker, 9 July 2010 NASDAQ OMX Commodities and Nord Pool Spot today announce that the technical platform and clearing solution for the N2EX spot market will be released on the 15 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 half hourly 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. Member testing of spot trading platform available now Members N2EX: Scottish Power Energy Management Ltd., E.ON Energy Trading SE, RWE Supply & Trading GmbH, Statkraft Markets GmbH, Vitol S.A, Royal Bank of Scotland PLC, EDF Trading Ltd., SSE Energy Supply Ltd., Morgan Stanley Capital Group Inc., Merrill Lynch Commodities Ltd., Deutsche Bank AG, Danske Commodities A/S, Gazprom Marketing & Trading Ltd., First Hydro Company and Accord Energy Limited.
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: Siw Hauge, director communications, Nord Pool Spot AS, phone + 47 9061 5992
The web site, www.n2ex.com, provides market information and documentation for the UK power market. About NASDAQ OMX Commodities NASDAQ OMX Commodities has more than 370 members from 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 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. |




