London, 11 October 2010

Last week there were a number of record volumes on N2EX, the UK energy market offering from NASDAQ OMX Commodities and Nord Pool Spot.

N2EX reported the highest total weekly volumes ever, 762 GWh, and set another record for the period of Saturday, Sunday and Monday of 29 GWh in the auction market.

On 5 October, the auction reached a daily all time high of 14 GWh. A new record was set on 7 October, when total daily volume for the auction and prompt market reached 188 GWh.

“The new records show the commitment from our members to increase the liquidity in the UK market,” says Siw Hauge, Director Communications of Nord Pool Spot.

A member led liquidity drive has seen volumes increase dramatically in recent months. Membership is also growing steadily and there are now 18 direct members. N2EX recently broadened its product range with the introduction of a clearing service for EFA month ahead and weekly OTR (OTC trade registration) contracts.

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