Towarowa Gielda Energii, the Polish Power Exchange, has selected OMX’s trading and clearing system CONDICO for the electricity spot and electricity derivatives market.
“The Polish energy market is still in a quite early stage of liberalization, but already requires sophisticated technology to encourage the participants to explore all possibilities of both spot and financial markets for energy and natural gas. In addition, recent changes in energy law have created new possibilities for our exchange: securing the register and trade of green certificates for market players,” said Grzegorz Ornichimowski, CEO, Towarowa Gielda Energii. “By choosing OMX to provide us with the technology solution, we can be sure that we’ll be able to meet new challenges and fully explore the opportunities”
“We are very pleased that Towarowa Gielda Energii has chosen OMX as their technology partner. We believe that our proven and flexible solutions combined with our experience in supporting marketplaces with growth potential makes us a valuable partner,” said Klas Stahl, President OMX Technology. “This agreement strengthens our position as a leading provider to the global energy industry and further reinforces our offerings for emerging markets.”