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New clearing system for Nordic market

Nord Pool Clearing, the clearing organization for the Nordic power exchange Nord Pool, has launched a new clearing system for the electricity derivative market. OM Technology is the system provider.

    • James Ockenden
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"This clearing agreement with OM Technology enables us to consolidateour position as a clearing house in the Nordic electricity derivativesmarket while simultaneously enhancing our position to offer services forthe European market", explains Geir Reigstad, Managing Director of NordPool Clearing ASA. "This agreement with OM Technology also extends thescope of our long-term co-operation with one of the world's leadingproviders of transaction technology.""OM is pleased to be the systems

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