Nasdaq Commodities
Exchange and Clearing Information

no 32/17 Nasdaq Commodities to go live with German Only Electricity Futures Contracts on May 18, 2017

Nasdaq Commodities will go live with the new German Only Electricity Futures Contracts (“German Only”) on May 18, 2017.

The new contracts will be settled against the average of the hourly prices from the day-ahead auction for the German/Austrian price zone until a split of the German/Austrian prize zone and, in case the split becomes effective, against the average of the hourly prices from the day-ahead auction for the German price zone thereafter.

Quotation List

At launch date May 18, there will be six (6) monthly German Only Electricity Average Rate futures contracts, seven (7) quarterly German Only Electricity futures contracts and five (5) yearly German Only Electricity futures contracts listed. The nearest month future contract available for trading and clearing will be the June 2017 contract.

From June 1 there will be seven (7) monthly German Only Electricity Average Rate Futures contracts, seven (7) quarterly German Only Electricity futures contracts and five (5) yearly German Only Electricity futures contracts listed. Please see the quotation list below.

Further information including contract specifications can be found at http://www.nasdaqomx.com/commodities/Marketaccess/legalframework 

The new “German Only” contracts will be listed in parallel to the existing German Futures Contracts (DE/AT Futures) that settle against the combined German and Austrian price. For further clarification, no changes are made to the existing contracts.

Nasdaq Commodities will also provide inter-product spreads contracts for members to trade between the new and the existing contracts.

In connection with the launch of these new products, Nasdaq Clearing Risk Management is increasing the number of Risk Groups. The new Risk Groups are EDEFBL for the Base products and EDEFPL for the Peak products.

The margin curves for these products can be found at:

http://www.nasdaqomx.com/trading/commodities/clearing/marginandcollateral/margincurves/

Details about the new risk parameters can also be found on our File Transfer Protocol (FTP) server.

For further information, please contact Nasdaq Commodities:
 
Knut Rabbe, Head of Sales Commodities Europe, phone +47 6752 8032/+47 9322 0800, knut.rabbe@nasdaq.com    

Anja Weiss, Nasdaq Commodities Sales, phone +44 7880 386321, anja.weiss@nasdaq.com 

Peter Boehmwalder, Nasdaq Commodities Sales, phone +43 664 263 7197, peter.boehmwalder@nasdaq.com

Arman Mohii, Nasdaq Commodities Products, phone +46 73 449 7850, arman.mohii@nasdaq.com

Nasdaq Clearing Risk Management, +47 6710 8426, clearing.risk@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 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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