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FOA choses NASDAQ OMX Commodities and Nord Pool Spot to deliver market and clearing services

Posted on 27 November 2008

NASDAQ OMX Commodities and Nord Pool Spot AS have been chosen by the Futures & Options Association (FOA) in UK to establish a spot and cash-settled derivatives power market with a full range of clearing services.

FOA has chosen the consortium NASDAQ OMX Commodities and Nord Pool Spot for the delivery of market and clearing services for the UK Wholesale Power Market. The parties plan to establish the exchange within Q2 2009. Nord Pool Spot has experience from operating power markets since 1993, while NASDAQ OMX supplies exchange technology to over 60 financial marketplaces in over 50 countries….. Full Press Release: Source


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VRS - who has written 34604 posts on Opalesque Commodities Briefing.


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