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OMX, a leading expert in the exchange industry, and Nord Pool, the Nordic Power Exchange, have signed an agreement regarding extended cooperation. OMX will provide one single solution for both 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. 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”, said Torger Lien, President and CEO at Nord Pool ASA.
“OMX is a leading supplier of integrated technology solutions for trading and clearing to energy markets. We are very pleased that Nord Pool has chosen to extend the relationship with OMX. That Nord Pool once again have put their trust in us shows that we are a solid partner in growth,” said Markus Gerdien, President Business Area Market Technology, OMX.
About OMX
OMX is a leading expert in the exchange industry. Through the Nordic Exchange, OMX offers
access to approximately 80 percent of the Nordic and Baltic securities market. The Nordic Exchange is a term
used for marketing purposes and is not a legal entity. It describes the common offering from the Helsinki
Stock Exchange, Copenhagen Stock Exchange, Stockholm Stock Exchange, Iceland Stock Exchange, Tallinn
Stock Exchange, Riga Stock Exchange and Vilnius Stock Exchange. OMX' integrated technology solutions
cross the transaction chain enabling efficient securities transactions for over 60 exchange organizations in
more than 50 countries. OMX is a Nordic Large Cap company in the Financials sector on the OMX Nordic
Exchange. For more information, please visit www.omxgroup.com
About Nord Pool
Nord Pool is the world’s first international commodity exchange for electricity, green
certificates and European Union Allowances (EUAs). Today Nord Pool is the world’s largest power exchange
in terms of both physical and financial volume. The core business of the Nord Pool group is trading and
clearing physical-delivery and financially-settled power contracts in the Nordic region (Finland, Sweden,
Denmark and Norway). The group has more than 400 members from 20 countries across a wide range of
energy producers and consumers as well as finial institutions. Nord Pool has over 80 members from 16
countries in the emission market. The Nord Pool group comprises Nord Pool ASA and Nord Pool Spot AS
with offices in Lysaker (Oslo), Fredericia, Stockholm, Helsinki, Berlin and Amsterdam.
