London, 2013-06-21 10:53 CEST (GLOBE NEWSWIRE) --
In preparation for the North West European (NWE) market coupling, both the Sapri Trade client and Condico Clearing Station client will be upgraded and then released to market participants on September 16 2013. In addition to upgrades related to the NWE project, new improvements have been added to both systems.
Time schedule
Member test environment:
- System upgrade: July 8
- Testing period: July 8 - September 9
Production environment:
- System upgrade: September 15
- Go live in auction September 16 for delivery September 17
Release overview
Condico Clearing:
- Enhancements relating to readiness for NWE market coupling
- Improved functionality for Margin Summary
- Improved functionality for ‘Misc’ invoice
- Updated horizon for calculation of Daily Overnight Position Exposure
Sapri Trade:
- Enhancements relating to readiness for NWE market coupling
- Improved functionality for deleting block orders
- Improved copy/paste functionality
- Unnecessary message when opening single order window removed
- Selected portfolio/area is preserved when changing delivery date
Condico Trade:
- Condico Trade will not be impacted as a result of this upgrade
Complete Release overviews can be downloaded here:
API changes
Please note that this upgrade will impact the Sapri Trade and Condico Clearing Station API. The API documentation can be found here. Members utilising either API today are strongly encouraged to perform testing once the member test environment becomes available.
Software
A link to the relevant software will be provided to members via e-mail and published on the N2EX website following the Member test upgrade on the 8th July.
Change of N2EX counterparty
For the avoidance of doubt this upgrade is not related to the N2EX change of counterparty which is a separate process that will be undertaken on September 2 2013 and implemented September 3 2013. Further details can be found in the most recent Exchange and Clearing information published June 11.
N2EX contacts:
Emma McKiernan, Client Relationship Manager, +44 7887 744 700, emma.mckiernan@npspot.com
Jason Hall, UK Business Manager, +46 8405 7848, jason.hall@nasdaqomx.com
Media contacts:
Sara Aadnesen, Director Corporate Communications, NASDAQ OMX Commodities and N2EX, phone: +47 6752 8080/+47 9060 0759, sara.aadnesen@nasdaqomx.com
About N2EX
N2EX is the name of the UK power market offering from Nord Pool Spot and NASDAQ OMX Commodities. NASDAQ OMX Clearing is the authorised clearinghouse.
The web site www.n2ex.com provides market information and documentation for the UK power market.
About Nord Pool Spot
Nord Pool Spot runs the leading power market in Europe and offers both day-ahead and intraday markets to its members. 350 companies from 20 countries trade on the market. The Nord Pool Spot group has offices in Oslo, Stockholm, Helsinki, Copenhagen, Tallinn and London. In 2012 the group had a total turnover of 432 TWh, which includes the auction volume in the UK market N2EX.
For more information, visit www.nordpoolspot.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 and clearing services. NASDAQ OMX Commodities is a trademark of the NASDAQ OMX Group, Inc.
NASDAQ OMX Commodities Europe is the trade name of NASDAQ OMX Oslo ASA which 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 Commodities Europe are subject to clearing with NASDAQ OMX Clearing.
NASDAQ OMX Clearing is the trade name of NASDAQ OMX Stockholm 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.
NASDAQ OMX Commodities has nearly 350 members from over 15 countries covering a wide range of energy producers, consumers and financial institutions.
For more information, please visit www.nasdaqomx.com/commodities
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 Person.