Enhancements on N2EX auction and FTP services
Lysaker, 25 November 2011
Due to increased volumes in the auction market, N2EX will increase several parameters in SAPRI Trade:
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The block order limit will be increased from 100 MW to 250 MW.
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The number of block orders per portfolio will be increased from 30 (25 block orders + 5 flexi orders) to 50 (45 block orders + 5 flexi orders).
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The minimum price tick size will be changed from one (GBP 0.1/MWh) to two decimals (GBP 0.01/MWh).
More information will also be made available on the File Transfer Protocol (FTP):
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In order to increase transparency of the auction, complete (anonymized) block order lists will be published on the FTP.
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Prompt, gas and spark indexes will be published on the FTP also.
All of the changes will take effect from 15 December (for the auction with delivery on 16 December).
Increased parameters on SAPRI Trades do not require any system upgrades.
Functional descriptions of the FTP data will be sent out in a separate message.
Overview of the enhancements:
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Increase block order limit from 100 MW to 250 MW
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Increase number of block orders per portfolio from 25 to 50
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Two decimals in the auction price steps
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Prompt index file on FTP
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Full block order list for the auction on FTP
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Gas and spark spread index on FTP
An updated version of the product overview guide can be found by clicking on the following www.n2ex.com/digitalAssets/76/76916_productoverview.pdf.
For further information, please contact N2EX:
N2EX Trading Operations, phone +44 207 065 8140/+47 6710 9190, physical.trading@n2ex.com
Press contacts:
Stina Johansen, Communications Manager, Nord Pool Spot AS, phone + 47 9165 0603
Sara Aadnesen, Director Communication, NASDAQ OMX Commodities, phone +47 9060 0759
About N2EX
N2EX is the name of the UK power market offering from Nord Pool Spot and NASDAQ OMX Commodities. NASDAQ OMX Clearing is the authorized clearinghouse.
The web site, www.n2ex.com, provides market information and documentation for the UK power market.
About Nord Pool Spot
Nord Pool Spot runs the largest market for electrical energy in the world, offering both day-ahead and intraday markets to its participants. Nearly 340 companies from 18 countries trade on the market. The Nord Pool Spot group has offices in Oslo, Helsinki, Stockholm, Copenhagen, Tallinn and London. Nord Pool Spot is owned by the Nordic transmission system operators. In 2010, the group had a turnover of 307 TWh representing a value of EUR 18 billion.
For more information, visit www.nordpoolspot.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 and clearing services. NASDAQ OMX Commodities is a trademark of the NASDAQ OMX Group, Inc.
NASDAQ OMX Commodities Europe is the trade name of NASDAQ OMX Oslo ASA which 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 Commodities Europe are subject to clearing with NASDAQ OMX Clearing.
NASDAQ OMX Clearing is the trade name of NASDAQ OMX Stockholm 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.
NASDAQ OMX Commodities has more than 350 members from over 15 countries covering a wide range of energy producers, consumers and financial institutions.
For more information, please visit www.nasdaqomxcommodities.com.
This document is being directed solely at and may only be communicated to persons: (i) who have professional experience in matters relating to investments as defined in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "FPO") or, (ii) who are high net worth companies, unincorporated associations and trustees of high value trusts within Article 49(2)(a)-(d) of the FPO, or (iii) to whom it may otherwise be lawful to distribute it (all such persons together being referred to as "Relevant Persons"). Any investment activity to which this document relates is available only to Relevant Persons and will be engaged in only with Relevant Person.
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