Vattenfall supports liquidity of German products at Nord Pool

Thursday, Dec 04, 2008

Vattenfall Trading Services, the central trading platform for the Vattenfall Group, announced today that it starts as market maker of Nord Pool’s German power derivatives on 4 December 2008.

“By assuming the obligation to provide liquidity to these new products, we show our commitment to an integrated and competitive European energy market. I feel confident that our initiative will encourage further counterparts in the Nordic to also leverage this market and take the next step into continental power,” says Henrik Valgma, Head of Vattenfall Trading Services.

In addition to its new task, Vattenfall already fulfils market maker obligations at Nord Pool (Nordic Power) and at EEX (German Power). The energy trading house provides the Vattenfall Group with access to the wholesale energy markets and has been an active player in the Nordic and German power market from the beginning. Vattenfall Trading Services is one of the leading players in European energy wholesale trading. The company provides portfolio and risk management services to all Vattenfall units and trades physical and financial electricity, CO2, renewable energy, gas, oil, physical and financial coal and freight, currencies and aluminium. Trading operations are located in Hamburg, Stockholm, Warsaw and Copenhagen.

Source: Vattenfall