Cutting the cost of trading
Nord Pool is pleased to announce a forthcoming change to our margin model to help reduce the total cost of trading, without compromising on counterparty risk.
The way we calculate customers’ margin call is changing to better capture exposure to the actual spot price. This will both lower the collateral requirements for customers in periods with low spot prices and strengthen Nord Pool’s risk management in periods with high spot prices.
We are reducing the default day factor in the current risk model from 3 to 1, and introducing an additional margin, using the customer’s highest observed net settlement value from the last seven calendar days (min 0).
The new margin model will go live on Tuesday 4th August, with members able to test it in the member test environment from Wednesday 22nd June.
We will host a free webinar solely for our customers on Wednesday 16th June, from 9am CET, where we will explain in detail the changes to our margin model. Please get in touch with your Market Manager to join the webinar.
If you need access to the member test environment or have any questions, contact our customer support team: firstname.lastname@example.org.
New UMM feature
Nord Pool has released new functionality in our Urgent Market Message (UMM) User Interface (UI) making it possible to view and report outage information in local time.
To make our unavailability reporting service more flexible and to simplify it for all regions, we have introduced the ability to change time zone for reporting and viewing information in our UMM UI.
The default time zone of CET/CEST can now easily be changed with a simple click of the clock/time in the top right corner of the screen.
For more information contact: email@example.com.
Time for Aggregated Bidding Curves
Our latest whitepaper, by our Director Markets, Marianne Wergeland Jenssen, looks at the importance to our customers of power exchanges publishing the fullest possible bidding curve data.
It addresses some of the key challenges we are encountering in seeking to publish complete bidding curve information. Marianne also outlines what needs to change in order for Nord Pool to deliver what our customers tell us they need, in terms of curve data.
Nord Pool has published an updated version of our Rulebook, valid from Tuesday 3rd June.
Changes have been made to the General Terms, Schedule 1 (Definitions and Interpretation) and Schedule 2.1 (Day-ahead Market Regulations). You can read the full Nord Pool Rulebook here.
Exploring Best Practice on Algorithmic Trading
Find out more about staying compliant when using algorithm trading at our free webinar on Wednesday 17th June, from 9am CET.
The webinar, held via the Teams platform, will see compliance expert Niklas Cremer, part of Nord Pool’s Market Surveillance team, explore the challenges around ‘REMIT Best Practice on Algorithmic Trading’.
To take part please contact your Market Manager in advance.