OMX has extended their agreement with the Nordic Power Exchange, Nord Pool, to provide them with a trading and clearing application for the energy derivatives market. The agreement will be valid until 2015 and include support and operation of the integrated system.
“Nord Pool is pleased to extend the constructive relationship with OMX through this agreement,” says Torger Lien, the 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.”
“OMX is a leading supplier of integrated technology solutions for trading and clearing to energy markets,” adds Markus Gerdien, the President of Business Area Market Technology at OMX. “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.”