NASDAQ OMX Commodities Europe is pleased to announce that Centrica Energy Limited acting through its execution and clearing member UBS Limited is now able to trade UK power futures products.
“We are delighted to welcome Centrica Energy Limited to the UK power futures market," said Geir Reigstad, Head of NASDAQ OMX Commodities.
19 entities are now trading on the UK power futures market which launched 31 January last year.
NASDAQ OMX Commodities Europe currently lists base load and peak load UK power futures benchmarked against the N2EX day-ahead auction. Instruments are financially settled and can be traded out to 2014. All transactions are cleared by NASDAQ OMX Clearing acting as central counterparty. Members can opt to clear through either through a direct membership or via our General Clearing Members (GCMs).