All time high for N2EX volumes
Lysaker, 11 October 2010
Last week there were a number of record volumes on N2EX, the UK energy market offering from NASDAQ OMX Commodities and Nord Pool Spot.
N2EX reported the highest total weekly volumes ever, 762 GWh, and set another record for the period of Saturday, Sunday and Monday of 29 GWh in the auction market.
On 5 October, the auction reached a daily all time high of 14 GWh. A new record was set on 7 October, when total daily volume for the auction and prompt market reached 188 GWh.
“The new records show the commitment from our members to increase the liquidity in the UK market,” says Siw Hauge, Director Communications of Nord Pool Spot.
A member led liquidity drive has seen volumes increase dramatically in recent months. Membership is also growing steadily and there are now 18 direct members. N2EX recently broadened its product range with the introduction of a clearing service for EFA month ahead and weekly OTR (OTC trade registration) contracts.
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, Accord Energy Limited, IPM Energy Trading Limited, Barclays Bank Plc and SmartestEnergy Limited.
For further information, please contact N2EX:
Press contacts:
Siw Hauge, Director Communications, Nord Pool Spot AS, phone + 47 9061 5992
Trine Fersnes Riccardi, Communications Manager, Corporate Communications, NASDAQ OMX Commodities,
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 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 288 TWh representing a value of EUR 10.8 billion.
For more information, visit www.nordpoolspot.com.
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