The German Power Initiative was launched one year ago with the aim at making the German power market more transparent, liquid and cost effective. Last week, NASDAQ OMX Commodities’ exchange traded market share for German power contracts reached 16.11%, which is a new weekly record.
Highlights in 2014:
- Highest weekly market share for exchange: 16.11% in week 20 (12 – 16 May, 2014), total market share traded and cleared reached 9.61% for the same period
- New Market Maker
- Introduced a Fixed Fee for German power
- Strong support from customers and new clients
Welcoming the new market share record, Bjørn Sibbern, Head of NASDAQ OMX Commodities, said: “This last week visibly demonstrates our increasingly strong position in the German power market. That we now have a new Market Maker in place and have introduced a fixed fee for all clients signing up to the German Power Initiative enhances the offering further in building a continuously better solution for all participants. Going forward we will continue to work with the market and invite more participants to benefit from our ongoing market maker, broker- and liquidity provider programs.”
To date, 11 liquidity providers, 5 brokers and 2 market makers have signed on since NASDAQ OMX Commodities invited members to participate in March 2013. The Fixed Fee is an offer to clients to trade and clear all German power products (Futures, DS Futures, EPADs and Options) at a monthly fixed fee of €10 000,-. For more information about the Fixed Fee, please contact Commodities Sales, phone: +47 6752 8032 or salescommodities@nasdaqomx.com.
The German Power Initiative is part of NASDAQ OMX’s overall commodities strategy to leverage its best in class technology platform and expand its presence in the three largest power markets in Europe.
NASDAQ OMX’s German product offering today includes German Power Futures and DS Futures contracts with six monthly, 8-11 quarterly and five yearly contracts, in addition to the daily and weekly futures contracts and European Style Options with monthly, quarterly and yearly expiration for German Power Futures and DS Futures.
EPADs (Electricity Price Area Differential contracts) have been offered since June 2013 and enable traders from Continental European power markets to hedge the basis risk between the German system price and neighboring price areas (FR, NL and BE) by trading the relevant EPADs.
For further information, please contact NASDAQ OMX Commodities:
Arman Mohii, Director Central European Power and Options,
phone +46 8 405 7850/ +46 73 449 7850, arman.mohii@nasdaqomx.com
Knut Rabbe, AVP Commodities Sales, phone +47 9322 0800, knut.rabbe@nasdaqomx.com
Hilvi Auerdahl Pettersson, Sales Executive Commodities, phone +49 173 5340957, hilvi.auerdahlpettersson@nasdaqomx.com
Peter Boehmwalder, Commodities Sales, +46 8 405 7847, peter.boehmwalder@nasdaqomx.com
Commodities Sales, phone: +47 6752 8032, salescommodities@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 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.
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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