No. 55/2009 Direct publishing of UMMs

As of 8 June 2009, the period for direct publishing of UMMs will be extended. Participants may from this date publish their urgent market messages (UMMs) directly 24 hours a day.The change will facilitate faster publishing of UMMs and the participants will reduce the period holding inside information.

Currently, all UMMs published between 08.00 and 16.00 CET have to be sent via the Nord Pool Spot trading desk before being published on the Nord Pool websites. Between 16.00 and 08.00 CET the participants may publish their UMMs directly (ref. exchange information no. 19/2008). The experience from direct publishing during night time has been positive and shows that the need for an extra control is not needed.

Participants may continue to send their UMMs through Nord Pool Spot for control. This requires that the participant, prior to sending the UMM makes a phone call to Nord Pool Spot trading desk (at +47 6752 8010). Both Nord Pool market surveillance (at +47 6752 8019) and Nord Pool Spot trading desk will be available during office hours for answering questions as to writing and publishing UMMs.

The participants are responsible for their own information disclosure and for sending the correct information to the market. To accommodate the participants need for counselling, the UMM guidelines are updated and available at Nord Pool’s websites as well as in the UMM application.

The changes of the publishing routines will consequently lead to the disappearance of market message warnings of UMMs in the PowerCLICK system. Direct warning of UMMs is available as pop-up message and as e-mails. E-mail warnings can be ordered at elspot@nordpool.net. Pop-up messages can be activated by enabling alerts on the Nord Pool web sites (www.nordpoolspot.com/umm/ and www.nordpool.com/en/asa/Quotes-and-market-information/UMMs/Last-UMMs/).

The UMM guidelines for the participants and the transmission system operators (TSOs) are updated on Nord Pool web sites (www.nordpoolspot.com/umm/ and www.nordpool.com/en/asa/Quotes-and-market-information/UMMs) and in the UMM application.


Lysaker, 26 May 2009

For further information, please contact Nord Pool:
Hilde Rosenblad, manager compliance, Nord Pool Spot AS, phone +47 6752 8030, hr@npspot.com
Kenneth Andreassen, manager IT operations, Nord Pool Spot AS, phone +47 6752 8029, ka@npspot.com
Georg Aasen, head of marketplace, financial market, Nord Pool ASA, phone +47 6752 8024