FOA project picks Nasdaq OMX and Nord Pool

The long-running Futures and Options Association (FOA) UK power market design project, aimed at boosting liquidity in the UK's forward power market, has chosen Nasdaq OMX Commodities and Nord Pool Spot to deliver a platform for trading and clearing electricity spot and cash-settled derivatives.

The FOA's search for candidates has been hit by repeated set-backs since it first invited providers of clearing and market infrastructure to apply in mid-2007. APX, Nord Pool and European futures and optio

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