Record volumes for N2EX
Lysaker, 3 September 2010
Thursday 2 September 2010 saw record volumes recorded on N2EX’s clearing platform for UK electricity contracts.
Total cleared OTR (over-the-counter trade registration) volumes reached 120 GWh, a record for a standard weekday. An additional 5 GWh was transacted on N2EX’s day-ahead auction platform.
A member led liquidity drive has seen volumes increase dramatically in recent months. Membership is also growing rapidly and now stands at 17 full direct members. N2EX intends to broaden its product range in October with the introduction of a clearing service for weekly and EFA month-ahead 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 and Barclays Bank Plc.
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.
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