no 50/15 Launch of new Nordic Electricity Future and Option Contracts and extension of the German Electricity Product Suite
Nasdaq Commodities is pleased to announce the launch of new contracts for the Nordic and German Power markets. Subject to successful testing and regulatory approval, the changes will be activated for the below mentioned contracts on September 7, 2015.
In order to increase flexibility and facilitate for a broader product offering Nasdaq Commodities will list Future Contracts in parallel with the existing DS Future Contracts for the Nordic Electricity market.
Nordic Electricity Base monthly, quarterly and yearly future contracts
Nasdaq Commodities will extend the Nordic Electricity product offering with Nordic Electricity Base monthly, quarterly and yearly future contracts. In addition Nordic EPAD Electricity Base monthly, quarterly and yearly future contracts will be listed. The monthly contracts will be Average Rate future contracts which means they are tradable in the Spot Reference Period/Delivery Period. The Spot Reference Period covers the same time period as the Delivery Period. These contracts will be listed in parallel with the existing DS Future contracts.
In addition Nasdaq Commodities will facilitate for Future/DS Future standard combinations to be listed in conjunction with the introduction of the new Future Contracts. At launch there will be four (4) monthly, six (6) quarterly and four (4) yearly standard combinations available for trading and clearing (no EPAD standard combinations at this point of time).
German Electricity Base monthly Average Rate future contracts
Nasdaq Commodities will extend the German product offering with the German Electricity Base Average Rate month future contracts. These monthly contracts will be listed in parallel with the existing German monthly future (non- tradable in Delivery Period) and DS future contracts.
Nordic and German Electricity Base monthly Average Rate option contracts
In addition, Average Rate monthly option contracts will be listed. The European Style options deliver on the Expiration Day an underlying Average Rate month future contract. The options and the futures expire on the same day.
Quotation List
At launch September 7, there will be six (6) monthly Nordic and German Electricity Average Rate future and option contracts listed. The nearest month future and option contracts available for trading and clearing will be the October contracts. From October 1 there will be seven (7) monthly Nordic and German Electricity Average Rate future and option contracts listed (October 2015 - April 2016).
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Electricity Contracts |
Number of Contracts Listed |
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Nordic Electricity Base, Year/Quarter Futures |
Y: 10
Q: 8-11 |
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Nordic Electricity Base, Average Rate Month Futures |
M: 7 |
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Nordic Electricity Base, Average Rate Month Options |
M: 7 |
Nordic EPAD Electricity Base, Year/ Quarter Futures,
Norwegian, Danish, Estonian and Latvian |
Y: 3 (Riga 2)
Q: 3 |
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Nordic EPAD Electricity Base, Year/ Quarter Futures, Swedish and Finnish areas |
Y: 4
Q: 4 |
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Nordic EPAD Electricity Base, Average Rate Month Futures, Norwegian, Danish, Estonian and Latvian |
M: 3 |
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Nordic EPAD Electricity Base, Average Rate Month Futures, Swedish and Finnish areas |
M: 5 |
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EPAD Electricity Base Options |
None |
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German Electricity Base, Average Rate Month Futures |
M: 7 |
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German Electricity Base, Average Rate Month Options |
M: 7 |
The trading and clearing rules and the product calendar of Nasdaq Commodities will be updated to reflect the launch of these products in due course.
For further information, please contact Nasdaq Commodities:
Anne-Marit Rudby, Product Director Commodities, phone +47 6752 8135, anne-marit.rudby@nasdaq.com
Media contact:
Sara Aadnesen, Director Corporate Communications, phone +47 9060 0759, sara.aadnesen@nasdaq.com
About Nasdaq
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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 OMX 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 OMX Oslo ASA are subject to clearing with Nasdaq Clearing.
About Nasdaq Clearing
Nasdaq 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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