NASDAQ OMX Commodities is pleased to announce the start of a new Market Maker on the German Power Futures contracts as of 1 September, 2014. This will be in addition to the existing market making already provided on the German Power products and brings to a total of three companies providing these services.
Quoting by this new Market Maker is provided on the front two weeks and front two months of the Base and Peak Futures contracts and no other details will be provided on the terms of this Agreement.
Furthermore, an existing Market Maker is quoting a narrowing of their spreads for a greater number of contracts across the curve of products.
Welcoming the new Market Maker, Bjørn Sibbern, Head of NASDAQ OMX Commodities, said: “Our German power offering continues to go from strength to strength. That we now have a third Market Maker in place enhances the offering further in building a continuously better solution for all participants. Going forward we will continue to work with the market, to leverage our best in class technology platform and expand our presence in the power markets in Europe.”
For further information, please contact NASDAQ OMX Commodities:
Arman Mohii, Product Director, phone +46 73 449 7850, arman.mohii@nasdaqomx.com
Exchange/Marketplace, phone +47 67 52 80 37, Desken@nasdaqomx.com
Media contact:
Sara Aadnesen, Director Corporate Communications, phone +47 9060 0759, sara.aadnesen@nasdaqomx.com
About NASDAQ OMX
NASDAQ OMX (NASDAQ: NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents. Through its diverse portfolio of solutions, NASDAQ OMX enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. NASDAQ OMX is home to more than 3,300 listed companies with a market value of over $8 trillion. To learn more, visit www.nasdaqomx.com
About NASDAQ OMX Commodities
NASDAQ OMX Commodities is the brand name for the NASDAQ OMX Group’s worldwide suite of commodity related products and services. The NASDAQ OMX Commodities offerings include power, natural gas and carbon emission markets, tanker and dry cargo freight, fuel oil, seafood derivatives, iron ore, electricity certificates and clearing services.
NASDAQ OMX Oslo ASA is authorized as a commodity derivatives exchange by the Norwegian Ministry of Finance and supervised by the Norwegian Financial Supervisory Authority. All trades with NASDAQ OMX Oslo ASA are subject to clearing with NASDAQ OMX Clearing.
About NASDAQ OMX Clearing
NASDAQ OMX Clearing is the trade name of NASDAQ OMX Clearing AB which is authorized and supervised as a multi-asset clearinghouse by the Swedish Financial Supervisory Authority in Sweden as well as authorized to conduct clearing operation in Norway by the Norwegian Ministry of Finance.
For more information, visit www.nasdaqomx.com/commodities
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