Nasdaq Commodities
This article needs additional citations for verification. (February 2010) |
Type | Financial commodity exchange |
---|---|
Location | Oslo, Norway |
Founded | 1996 |
Owner | NASDAQ OMX |
Currency | EUR |
Commodities | Power and gas derivatives, emission allowances and emission credits |
Website | www.nasdaqomxcommodities.com |
NASDAQ OMX Commodities Europe is a trade name of NASDAQ OMX Oslo ASA, the single financial energy market for
History
In 1991 the
In 2000, Nord Pool participated in establishing the
On 21 December 2007, Nord Pool agreed to sell its two subsidiaries—Nord Pool Clearing, which deals with clearing transactions, and Nord Pool Consulting—to the global exchange operator NASDAQ OMX.[2] On 17 March 2010, NASDAQ OMX announced it will acquire all shares of Nord Pool ASA. The deal does not include Nord Pool Spot AS, which will continue physical electricity market trading operations independently.[3][4] The deal was approved by market regulators on 31 May 2010.[5] On 1 November 2010, Nord Pool ASA changed its name to NASDAQ OMX Oslo ASA and introduced a trade name NASDAQ OMX Commodities Europe.[6]
Organization
NASDAQ OMX Commodities Europe provides a marketplace for financial trading in electrical power, and emission allowances and emission credits. It has its main office in Oslo with offices in Stockholm and Helsinki.
Members
The NASDAQ OMX Commodities Europe market membership includes energy producers, energy intensive industries, large consumers, distributors, funds, investment companies, banks, brokers, utility companies and financial institutions. It has more than 420 members in total, including exchange members, clearing clients, members and representatives in 20 countries. The customer base for NASDAQ OMX Commodities Europe includes 400 members.[citation needed]
Services
NASDAQ OMX Commodities Europe provides a market place for the trade on derivative contracts in the financial market. Financial electricity contracts are used to guarantee prices and manage risk when trading power. NASDAQ OMX Commodities offers contracts of up to ten years' duration, with contracts for days, weeks, months, quarters and years. NASDAQ OMX Commodities Europe also trades EUAs.
See also
References
- ^ Moskwa, Wojciech (2008-05-19). "Gazprom enters Nordic carbon trading market". Reuters. Retrieved 2008-06-15.
- ^ "OMX buys Nord Pool's clearing, consulting operation". Reuters. 2007-12-21. Retrieved 2008-06-15.
- ^ Fouche, Gwladys (2010-03-17). "Nasdaq OMX buys Nordic power bourse Nord Pool". Reuters. Retrieved 2010-06-13.
- ^ "Norway's Nasdaq OMX to acquire Nord Pool ASA". Bloomberg Businessweek. Associated Press. 2010-03-17. Archived from the original on October 24, 2012. Retrieved 2010-06-13.
- ^
"NASDAQ OMX Completes Nord Pool ASA Acquisition" (Press release). NASDAQ OMX. 2010-03-17. Retrieved 2010-06-13.
- ^
"Nord Pool ASA changes its name" (Press release). NASDAQ OMX. 2010-11-01. Retrieved 2010-12-25.