Lysaker, 1 February, 2011

NASDAQ OMX Commodities today announced the first trade of UK power futures at 46.65 pounds sterling per megawatt hour for the March base load contract.

The trade took place between PCE Investors Ltd's Cumulus Energy Fund via clearer UBS Investment Bank and one participant who wishes to remain anonymous.

Geir Reigstad, Senior Vice President, NASDAQ OMX Commodities, said:
"This first trade marks an important milestone for NASDAQ OMX Commodities. We have successfully opened the market for UK power futures, and we expect this market to grow significantly in the coming months."

Peter Brewer, Cumulus Fund Manager, PCE Investors, said: "We congratulate NASDAQ OMX Commodities on the successful launch of their UK power futures, which I’m sure will serve as a catalyst to increase liquidity in the UK power market, in which we expect to play an active role."

The UK power futures contracts are listed and traded on the commodity derivatives exchange NASDAQ OMX Commodities Europe. The contracts are cash-settled pound sterling futures with a full range of clearing services delivered by NASDAQ OMX Stockholm AB and the branch NASDAQ OMX Oslo.

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