Published: 2019-03-13 15:11:12 CET
Nasdaq Commodities
Exchange and Clearing Information

Nasdaq Commodities Welcomes Geton Energy

Nasdaq Commodities is pleased to announce that Geton Energy has joined Nasdaq’s Nordic Commodities market.

Lietuvos Energija Group, of which Geton is part, has been present on Nasdaq’s Nordic Commodities exchange since 2016 when Energijos Tiekimas became the only Lithuanian supplier of electricity active on this market.

“One of the goals established in the Strategy LE 2030 of Lietuvos Energija is the expansion in the European markets. By strengthening our positions in Poland, we can also expand activities in other European countries; therefore, we start trading on the wholesale market of Scandinavia. This will help diversify our wholesale electricity trading portfolio and expand the geographic coverage of our operations,” says Diana Kazakevič, Regional Manager of Lietuvos Energija for Poland and Chairwoman of the Board of Geton Energy.

"The addition of Geton supports our efforts to create an even more geographically diversified marketplace,” says Georg Aasen, Head of European Commodities at Nasdaq. ”We welcome Geton Energy to the Nasdaq family and look forward to working together with them in the future.”

For more information, please contact:

Knut Rabbe
+47 67 528 032; 
knut.rabbe@nasdaq.com

For media inquiries, please contact:

David Augustsson
+46 73 449 6135; 
david.augustsson@nasdaq.com

About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. 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 100 marketplaces in 50 countries. Nasdaq is home to over 4,000 total listings with a market value of approximately $12 trillion.   

To learn more, visit business.nasdaq.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 https://business.nasdaq.com/trade/commodities/index.html

The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Neither The Nasdaq Group, Inc. nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding Nasdaq-listed companies are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.

 


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Nasdaq Commodities Welcomes Geton Energy