Nord Pool Spot is set to launch Elbas 4, a brand new intraday system, in the near future. Elbas 4 introduces three new order types to the intraday market, all which need to be reflected in the Nord Pool Spot Rulebook. The new order types are ‘Immediate or Cancel’, ‘Fill or Kill’ and ‘Iceberg’.
With Elbas 4 Nord Pool Spot will also offer both 15 min and 30 min products for trading in the German market area. Descriptions of all the new order types will be added to Appendix 3 – Product Specification, while proper definitions will be added to Appendix 1 – Definitions.
These amendments will all be valid from the launch of Elbas 4 – date to be announced.
About Elbas 4
Based on members’ feedback Nord Pool Spot has developed a brand new intraday system, perfectly tailored to your intraday trading needs. Elbas 4 enables trade across multiple markets, combining great customisation options, superb functionality, simplicity and speed.
About Nord Pool Spot
Nord Pool Spot operates Europe’s leading power markets, offering both day-ahead and intraday trading to its members. 370 companies from 20 countries trade on Nord Pool Spot’s markets in the Nordic and Baltic regions, and on our UK market N2EX. In 2013 the group had a total turnover of 493 TWh traded power. Our markets are operated from offices in Oslo, Stockholm, Helsinki, Copenhagen, Tallinn and London. Nord Pool Spot strives continually to strengthen its business by working with integrity, together with members and stakeholders, to achieve excellence.
Lysaker, 15 October 2014
For more information please contact:
Stina Johansen, Head of Communications, +47 916 50 603 (press inquiries)