IMAREX launches NOS Direct - the Nordic-German power trading platform

The launch of the new trading platform is a further step forward in IMAREX’ efforts to create new, integrated marketplaces and clearing solutions for the European energy markets. IMAREX’ strategic ambition is to become a leading European commodity derivatives market and clearing house.

“New cables continue to link the physical power markets in the Nordic region, Germany and the rest of the Continent closer together. The integration of the European energy markets will continue, and customers increasingly demand better solutions for their derivatives trading. We believe the NOS Direct trading platform and our efficient clearing solution will improve the trading environment in the Nordic and German power markets for both the brokers and the end-customers”, says VP Olav Edland in NOS Clearing.

NOS Direct is a highly competitive alternative for both brokers and traders because of an attractive fee and product structure. The system has no fixed fees, very low-barriers to trading, and is fully compatible with the Trayport trading system.

“The underlying German power market is larger than the Nordic. However, only a small part is being cleared, and this obviously represents a growth opportunity. Our broad membership base of both industrial and financial players provides a strong starting point, and all IMAREX members may trade on the new platform without entering new clearing agreements – that’s over 100 large global players straight away”, says Edland.

IMAREX expects to develop the NOS Direct trading platform further to accommodate trading of more products on the same platform. CEO Herman W. Michelet in IMAREX ASA comments:

“Different commodities markets are increasingly interlinked and we see a huge potential in enabling trading of more products on the same screen. Going forward, it would benefit both our clients and IMAREX greatly if we broaden the product and market range on NOS Direct with CO2-emissions, natural gas, and other energy-related commodities in addition to Nordic and Continental power”, says Michelet.

For further information, please contact;

• CEO IMAREX, Herman Michelet, +47 2389 4223/+47 982 29 651
• VP NOS Clearing, Olav Edland, +47 2325 9321/+47 911 70 893