Lysaker, 17 November 2010

NASDAQ OMX Commodities Europe today announced that it will use the N2EX day-ahead auction as the reference price for their forthcoming UK power futures. The market is expected to open for trading end of January 2011, dependent upon member and ISV readiness.

Geir Reigstad, Senior Vice President, NASDAQ OMX Commodities, said “We are pleased to be able to announce the auction index as the reference price for the UK power futures contracts. This selection was based upon the success of auction models throughout Europe and aims to facilitate the move towards further market harmonisation. The day-ahead auction gives an instant result that offers a clear snapshot of market prices and shape.”

Test systems are now updated with the UK products, and members are welcome to start testing the systems, and participate in training sessions.

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