Power
| December 1st, 2008 | FOA Selects Nasdaq OMX, Nord Pool to Develop New Power Market The UK's Futures and Options Association (FOA) has chosen a consortium comprising Nasdaq OMX Commodities and Nord Pool Spot to develop a new derivatives exchange for the country's wholesale power market. Under the agreement, the pair will develop market and clearing services for a spot and cash-settled exchange that should launch in the second quarter of next year. Nasdaq OMX Commodities will be responsible for the market's trading and clearing technology, while Nord Pool Spot will oversee its operations. |
