OM to provide trading system for Iberian energy market

Swedish technology vendor OM has entered an agreement with Adinfor/Ace, a Portuguese systems integrator, to provide a trading and clearing system to Operador do Mercado Ibérico de Energia Pólo Português (OMIP), the newly formed pan-Iberian electricity market.

OMIP will operate the Iberian energy derivatives market and clearing business, including over-the-counter clearing.

OM said Condico, its energy trading and clearing system, will be put into production on April 20.

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