Nordic, German and Dutch power markets

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Trading financial power derivatives

• The leading and most liquid power exchange in Europe

• Flexible membership structure

• Electronic trading systems and voice execution

• Clearing of exchange- and OTC-traded contracts

• Reduced margin calls via product netting

• Regulated exchange and clearinghouse

Nord Pool, the leading power exchange and clearinghouse, provides trading and clearing of power derivatives in Nordic markets, Germany and Holland.

Membership
Nord Pool offers a number of different power contracts which cover a variety of different customer needs:

• More than 400 members from over 20 countries

• Continuous product development to meet market demand

• Facilitating market liquidity through competitive fees and
  tight spreads

• Direct or indirect membership

Trading
Nord Pool members can trade through the efficient and user-friendly electronic trading system PowerCLICKTM. Members can also trade via TrayportGlobal VisionTM Trading Gateway or through their own in-house system via an open API. For personal assistance, one may also contact the multinational marketplace services.

Clearing and settlement
As a contractual counterparty in all exchange traded contracts and the OTC volumes reported for clearing, Nord Pool Clearing (the clearinghouse) guarantees financial settlement. Clearing power contracts through Nord Pool Clearing reduces counterparty risk for financial market participants.

The clearinghouse offers a netting of positions which enables members to utilise their capital in the most efficient way. All exchange trades have a straight through processing to settlement.

Closing prices
Daily closing prices are set at the end of each trading day in order to calculate daily settlement and margin calls.

Reporting
Nord Pool Clearing distributes clearing information to all members on a daily basis through an easy access web interface.

The information includes traded contracts, net positions, margin calls and settlements to ensure and facilitate supervision of position movements.

Trade information is available to ensure and facilitate supervision of intraday position movements.

Nord Pool’s market data services offer access to trading data from the derivatives market to information distributors, members (free of charge) and other end users through our feed and FTP service.

Contract specifications

For further information, prices and volumes (updated every 10 minutes),
please see Nord Pool’s website at www.nordpool.com

How to become a member