Nasdaq Commodities is pleased to welcome Latvenergo AS as new Clearing Member (CM) in the commodities market. Latvenergo AS has signed up as Market Maker for the Latvian Electricity Price Area Differential, EPAD RIGA, contracts.
Uldis Bariss, Chief Commercial Officer Latvenergo AS, said: “We have undertaken extra responsibilities, but we believe that the opportunity to develop and improve the electricity market in Latvia will benefit every electricity trader – including those who are only starting to consider involvement in the Latvian market. The new financial instrument will promote competition and improve electricity price offers for all market participants, including households in Latvia, which will also enter the market in 2015.”
Welcoming Latvenergo AS as Market Maker for EPAD RIGA, Georg Aasen, Vice President Nasdaq Commodities, said: “We are very pleased to welcome Latvenergo to our market and that the company has taken on the responsibility as Market Maker. This is a strategically interesting expansion for Nasdaq Commodities and will contribute to strengthen our position as the most liquid and efficient power market in Europe even more.”
The contracts are available for trading and clearing as of November 11, 2014.
For further information, please contact Nasdaq Commodities:
Anne-Marit Rudby, Product Director Commodities, phone +47 91580323, annemarit.rudby@nasdaq.com
Media contact:
Sara Aadnesen, Director Corporate Communications, phone +47 9060 0759, sara.aadnesen@nasdaq.com
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About Nasdaq Commodities
Nasdaq Commodities is the brand name for the worldwide suite of commodity related products and services offered by Nasdaq. The Nasdaq 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 the commodity derivatives exchange authorized 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 Clearing.
About Nasdaq Clearing
Nasdaq 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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