is about the energy market financial instruments exchange . for the nordic baltic physical energy exchange see nord pool spot . this article needs additional citations for verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . february 2010 learn how and when to remove this template message nasdaq omx commodities europe type financial commodity exchange location oslo norway founded 1996 owner nasdaq omx currency eur commodities power and gas derivatives emission allowances and emission credits website www.nasdaqomxcommodities.com nasdaq omx commodities europe is a trade name of nasdaq omx oslo asa the single financial energy market for norway denmark sweden and finland . before 1 november 2010 it was known by the name nord pool . as of 2008 update nord pool was the largest power derivatives exchange and the second largest exchange in european union emission allowances euas and global certified emission reductions cers trading . 1 contents 1 history 2 organization 3 members 4 services 5 references 6 external links history edit in 1991 the parliament of norway decided to deregulate the market for power trading . in 1993 statnett marked as now nord pool asa was established as an independent company . nord pool market was created in 1996 as a result of the establishment of common electricity market of norway and sweden . it was owned by the two national grid companies statnett in norway 50 % and svenska kraftn t in sweden 50 % . finland joined nord pool market area in 1998 western denmark in 1999 and eastern denmark in 2000 . in 2000 nord pool participated in establishing the leipzig power exchange now part of the european energy exchange . nord pool also supplied its technology to france s powernext exchange . in 2002 spot market activities were transferred into a newly established company nord pool spot as . in 2005 nord pool started trading and clearing of eu emission allowances becoming the first exchange to expand its activities into this area . on 21 december 2007 nord pool agreed to sell its two subsidiaries nord pool clearing which deals with clearing transactions and nord pool consulting to the global exchange operator nasdaq omx . 2 on 17 march 2010 nasdaq omx announced it will acquire all shares of nord pool asa . the deal does not include nord pool spot as which will continue physical electricity market trading operations independently . 3 4 the deal was approved by market regulators on 31 may 2010 . 5 on 1 november 2010 nord pool asa changed its name to nasdaq omx oslo asa and introduced a trade name nasdaq omx commodities europe . 6 organization edit nasdaq omx commodities europe provides a marketplace for financial trading in electrical power and emission allowances and emission credits . it has its main office in oslo with offices in stockholm and helsinki . members edit the nasdaq omx commodities europe market membership includes energy producers energy intensive industries large consumers distributors funds investment companies banks brokers utility companies and financial institutions . it has more than 420 members in total including exchange members clearing clients members and representatives in 20 countries . the customer base for nasdaq omx commodities europe includes 400 members . citation needed services edit nasdaq omx commodities europe provides a market place for the trade on derivative contracts in the financial market . financial electricity contracts are used to guarantee prices and manage risk when trading power . nasdaq omx commodities offers contracts of up to ten years duration with contracts for days weeks months quarters and years . nasdaq omx commodities europe also trades euas . references edit moskwa wojciech 2008 05 19 . gazprom enters nordic carbon trading market . reuters . retrieved 2008 06 15 . omx buys nord pool s clearing consulting operation . reuters . 2007 12 21 . retrieved 2008 06 15 . fouche gwladys 2010 03 17 . nasdaq omx buys nordic power bourse nord pool . reuters . retrieved 2010 06 13 . norway s nasdaq omx to acquire nord pool asa . bloomberg businessweek . associated press . 2010 03 17 . retrieved 2010 06 13 . nasdaq omx completes nord pool asa acquisition press release . nasdaq omx . 2010 03 17 . retrieved 2010 06 13 . nord pool asa changes its name press release . nasdaq omx . 2010 11 01 . retrieved 2010 12 25 . external links edit official website retrieved from https en.wikipedia.org w index.php title nasdaq omx commodities europe & oldid 664914448 categories nasdaq omx groupfinancial services companies of norwaystock exchanges in norwayenergy exchangesformerly government owned companies of norwaycompanies established in 1993companies based in osloenergy in norwayenergy in denmarkenergy in swedenenergy in finlandenergy in europe1993 establishments in norwayhidden categories articles needing additional references from february 2010all articles 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