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The German Power Initiative that was launched on May 22 this year, with the aim at making the German power market more transparent, liquid and cost effective, continues to receive strong market support. NASDAQ OMX Commodities attained several records in September, the monthly figures show.
Highlights in September:
- New monthly record: 9.61 TWh (the previous record is from February 2012: 6.76 TWh)
- New daily record: 1.89 TWh on September 19
- Highest market share for a single day was 17% on September 19
Welcoming the new records Bjørn Sibbern, Head of NASDAQ OMX Commodities, said: “The last month clearly demonstrates our increasingly strong position in the German power market. Going forward we will continue to work with the market, members and brokers alike, to build the best solution for all participants. Again we invite more participants to benefit from our ongoing market maker, broker- and liquidity provider programs.”
To date, 10 liquidity providers, 5 brokers and 1 market maker have signed on, since NASDAQ OMX Commodities invited members to participate in March.
The German Power initiative is part of NASDAQ OMX’s overall commodities strategy to leverage its best in class technology platform and expand its presence in the three largest power markets in Europe.
NASDAQ OMX’s German product offering now includes German Power Futures and DS Futures contracts with six monthly, 8-11 quarterly and five yearly contracts, in addition to the daily and weekly futures contracts and European Style Options with monthly, quarterly and yearly expiration for German Power Futures and DS Futures.
EPADs (Electricity Price Area Differential contracts) have been offered since June and enable traders from Continental European power markets to hedge the basis risk between the German system price and neighboring price areas (FR, NL, CZ and BE) by trading the relevant EPADs
