In order to address customer interest, Nasdaq will focus on Futures Contracts as the primary product for German Power. Effective Monday February 1, 2016, Market Makers on Nasdaq Commodities will move all quotations for German Electricity DS Future Contracts to Futures Contracts.
The clearing fee for German Electricity Future Contracts was set to 0.0045 EUR/MWh January 1, 2016. Participants who wish to move open interest from DS Futures to Futures Contracts will be given free trading and clearing fee for German Electricity DS Futures/Futures standard combination orders (COMBOs), effective February 1until April 29, 2016. The free trading and clearing fee will automatically apply for trading in the Electronic Trading System ETS/MTS. For Block and EFS/EFP Trade Registration a separate Trade Reporting Type will be made available in due time.
Customers with open interest in German Electricity DS Futures Contracts will be unaffected as the mentioned contracts will continue to be listed for trading and clearing at Nasdaq Commodities.
F or further information, please contact Nasdaq Commodities:
Arman Mohii, Product Director European Power and Options, +46 8 405 7850 /+46 73 449 7850, arman.mohii@nasdaq.com
Clearing Operations, phone +46 405 68 80, clearing@nasdaq.com
Exchange/Marketplace, phone +47 6752 8037, desken@nasdaq.com
Media contact:
Sara Aadnesen, Director Corporate Communications, phone +47 9060 0759, sara.aadnesen@nasdaq.com
About Nasdaq
Nasdaq (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 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 is home to more than 3,600 listed companies with a market value of over $8.8 trillion and more than 10,000 corporate clients. To learn more, visit www.nasdaq.com/ambition or www.nasdaqomx.com .
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 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 Oslo ASA are subject to clearing with Nasdaq Clearing.
About Nasdaq Clearing
Nasdaq Clearing is the trade name of Nasdaq 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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