Nordic exchange group OMX and Nord Pool, the Nordic power exchange, have signed an agreement to extend their existing collaboration on trading and clearing technology.
OMX will provide a single platform for trading and clearing. The agreement is valid until 2015 and includes support and operation of the integrated system, which will be used for the energy derivatives market.
“Nord Pool is pleased to extend the constructive relationship with OMX through this agreement,” says Torger Lien, President and CEO at Nord Pool ASA. “Our ambition with the new platform is to improve the customer experience providing the best and most cost effective trading and clearing systems. The new platform will provide tools for faster product development which is required in the future European market.”
Markus Gerdien, President Business Area Market Technology, OMX, says that OMX is a major supplier of technology for trading and clearing to energy markets. “We are very pleased that Nord Pool has chosen to extend the relationship with OMX,” he says. “That Nord Pool once again have put their trust in us shows that we are a solid partner in growth.”