NASDAQ OMX Commodities Europe is a trade name of NASDAQ OMX Oslo ASA, the single financial energy market for

Norway Norway, officially the Kingdom of Norway, is a Nordic countries, Nordic country located on the Scandinavian Peninsula in Northern Europe. The remote Arctic island of Jan Mayen and the archipelago of Svalbard also form part of the Kingdom of ...

Denmark Denmark is a Nordic countries, Nordic country in Northern Europe. It is the metropole and most populous constituent of the Kingdom of Denmark,, . also known as the Danish Realm, a constitutionally unitary state that includes the Autonomous a ...

Sweden Sweden, formally the Kingdom of Sweden, is a Nordic countries, Nordic country located on the Scandinavian Peninsula in Northern Europe. It borders Norway to the west and north, and Finland to the east. At , Sweden is the largest Nordic count ...

and

Finland Finland, officially the Republic of Finland, is a Nordic country in Northern Europe. It borders Sweden to the northwest, Norway to the north, and Russia to the east, with the Gulf of Bothnia to the west and the Gulf of Finland to the south, ...

. Before 1 November 2010, it was known by the name Nord Pool (not to be confused with the physical energy exchange Nord Pool AS, former Nord Pool Spot). , Nord Pool was the largest power derivatives exchange and the second largest exchange in

European Union The European Union (EU) is a supranational union, supranational political union, political and economic union of Member state of the European Union, member states that are Geography of the European Union, located primarily in Europe. The u ...

emission allowances (EUAs) and global certified emission reductions (CERs) trading.

History

In 1991 the Parliament of Norway decided to deregulate the market for power trading. In 1993 Statnett Marked AS was established as an independent company. Nord Pool market was created in 1996 as a result of the establishment of common electricity market of

and

. The name was changed to Nord Pool ASA. It was owned by the two national grid companies, Statnett in Norway (50%) and Svenska Kraftnät in Sweden (50%).

joined Nord Pool market area in 1998, Western Denmark in 1999 and Eastern Denmark in 2000. In 2000, Nord Pool participated in establishing the

Leipzig Leipzig (, ; ; Upper Saxon: ; ) is the most populous city in the States of Germany, German state of Saxony. The city has a population of 628,718 inhabitants as of 2023. It is the List of cities in Germany by population, eighth-largest city in Ge ...

Power Exchange (now part of the European Energy Exchange). Nord Pool also supplied its technology to

France France, officially the French Republic, is a country located primarily in Western Europe. Overseas France, Its overseas regions and territories include French Guiana in South America, Saint Pierre and Miquelon in the Atlantic Ocean#North Atlan ...

's Powernext exchange. In 2002,

spot market The spot market or cash market is a public financial market in which financial instruments or commodities are traded for immediate delivery. It contrasts with a futures market, in which delivery is due at a later date. In a spot market, s ...

activities were transferred into a newly established company, Nord Pool Spot AS. In 2005, Nord Pool started trading and clearing of EU emission allowances, becoming the first exchange to expand its activities into this area. On 21 December 2007, Nord Pool agreed to sell its two subsidiaries—Nord Pool Clearing, which deals with clearing transactions, and Nord Pool Consulting—to the global exchange operator NASDAQ OMX. On 17 March 2010, NASDAQ OMX announced it will acquire all shares of Nord Pool ASA. The deal does not include Nord Pool Spot AS, which will continue physical electricity market trading operations independently. The deal was approved by market regulators on 31 May 2010. On 1 November 2010, Nord Pool ASA changed its name to NASDAQ OMX Oslo ASA and introduced a trade name NASDAQ OMX Commodities Europe.

Organization

NASDAQ OMX Commodities Europe provides a marketplace for financial trading in electrical power, and emission allowances and emission credits. It has its main office in

Oslo Oslo ( or ; ) is the capital and most populous city of Norway. It constitutes both a county and a municipality. The municipality of Oslo had a population of in 2022, while the city's greater urban area had a population of 1,064,235 in 2022 ...

with offices in

Stockholm Stockholm (; ) is the Capital city, capital and List of urban areas in Sweden by population, most populous city of Sweden, as well as the List of urban areas in the Nordic countries, largest urban area in the Nordic countries. Approximately ...

and

Helsinki Helsinki () is the Capital city, capital and most populous List of cities and towns in Finland, city in Finland. It is on the shore of the Gulf of Finland and is the seat of southern Finland's Uusimaa region. About people live in the municipali ...

Members

The NASDAQ OMX Commodities Europe market membership includes energy producers, energy intensive industries, large consumers, distributors, funds, investment companies, banks, brokers, utility companies and financial institutions. It has more than 420 members in total, including exchange members, clearing clients, members and representatives in 20 countries. The customer base for NASDAQ OMX Commodities Europe includes 400 members.

Services

NASDAQ OMX Commodities Europe provides a market place for the trade on derivative contracts in the financial market. Financial electricity contracts are used to guarantee prices and manage risk when trading power. NASDAQ OMX Commodities offers contracts of up to ten years' duration, with contracts for days, weeks, months, quarters and years. NASDAQ OMX Commodities Europe also trades EUAs.

References

External links

*{{Official website, http://www.nasdaqomxcommodities.com/

Commodities In economics, a commodity is an economic good, usually a resource, that specifically has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them. Th ...