NASDAQ OMX Commodities welcomes Nordea Bank Finland plc, Germany Branch as a new General Clearing Member (GCM).
In this capacity, Nordea Bank Finland plc, Germany Branch can settle transactions for Non-Clearing Members as a service provider.
“We are very pleased to join NASDAQ OMX Commodities as a GCM, which will further increase our market and client reach as a leading provider of clearing services to the energy and commodity markets. We look forward to working with NASDAQ OMX Commodities, and to offering their products to our growing client base in Europe. As we are continuously expanding our network of clients with an increased focus on transparency by new regulations, clearing services represents a great opportunity for us,” commented Gunnar Volkers, Head of Nordea Bank Finland plc, Germany Branch.
Bjørn Sibbern, Global Head of NASDAQ OMX Commodities, said: “NASDAQ OMX continues to expand its presence in Europe and we are very pleased to now have Nordea’s Germany Branch as a GCM. Nordea’s commitment in the commodity sector will give further participants access to our clearing portfolio and contributes to strengthen our German Power Initiative, aimed at making the German power market more transparent, liquid and cost effective.”
For further information, please contact NASDAQ OMX Commodities:
Hilvi Auerdahl Pettersson, Sales Director Germany, phone +49 3020 679 249, Hilvi.AuerdahlPettersson@nasdaqomx.com
Visiting Address: Haus der Bundespressekonferenz, Schiffbauerdamm 40 / Room 4111, 10117 Berlin, Germany
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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