Nasdaq Commodities and Saxo Bank expand access to Nordic Power Products
Nasdaq Commodities and Saxo Bank A/S today announce a collaboration to offer small and medium sized companies (SME) in the Nordic region direct access to Nordic Power futures on Saxo’s fully integrated trading and risk management platform.
The addition of Nasdaq Nordic power products on SaxoTraderGO, offers Saxo’s clients access to a liquid product at the most established power market in Europe. With Saxo, clients can hedge their energy and currency exposure with low barriers to entry.
For over two decades, Saxo’s focus has been to develop and improve the ‘one account’ experience for its clients. Saxo’s clients can trade the global markets from a single dashboard and have a clear view of their overall portfolio exposure across all asset classes in real-time.
Patrice Henault Global Head of Listed Derivatives and Index CFDs Sales at Saxo Markets said:
“We are very pleased to partner with Nasdaq and leverage our technological prowess to make markets more efficient through innovation and provide access to products previously not available to SME clients in the Nordic region looking to hedge their power risk. We have seen a growing interest in our utility offering and are glad to be able to add Nordic energy to our offering, that thus far has focused on Dutch energy. We are looking to add more products in 2017.
Magnus Haglind, Head of Nasdaq Commodities, said:
“Nasdaq Commodities welcomes Saxo Bank and looks forward to the introduction of a new segment of financial players to the Nordic power market. As part of our long term strategy we see this as a vigorous contribution in Nasdaq’s position as an innovator and a textbook opportunity for SME clients and investors to enter the Nordic power market.”
More details are available here: http://www.markets.saxo/nordicpower
Both Saxo Bank and Nasdaq will be present at E-world Congress in Essen 7-9 February.
Nasdaq (Nasdaq: NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to more than 3,500 listed companies with a market value of over $8.8 trillion and more than 10,000 corporate clients. To learn more, visit www.nasdaq.com/ambition or www.nasdaqomx.com.
About Nasdaq Commodities
Nasdaq Commodities is the brand name for the worldwide suite of commodity related products and services offered by Nasdaq. The Nasdaq Commodities offerings include power, natural gas and carbon emission markets, tanker and dry cargo freight, fuel oil, seafood derivatives, iron ore, electricity certificates and clearing services.
Nasdaq Oslo ASA is the commodity derivatives exchange authorized by the Norwegian Ministry of Finance and supervised by the Norwegian Financial Supervisory Authority. All trades with Nasdaq Oslo ASA are subject to clearing with Nasdaq Clearing.
About Nasdaq Clearing
Nasdaq Clearing is the trade name of Nasdaq Clearing AB which is authorized and supervised as a multi-asset clearinghouse by the Swedish Financial Supervisory Authority in Sweden as well as authorized to conduct clearing operation in Norway by the Norwegian Ministry of Finance.
For more information, visit www.nasdaqomx.com/commodities
Saxo Bank Group (Saxo) is a leading Fintech specialist focused on multi-asset trading and investment and delivering ‘Banking-as-a-Service’ to wholesale clients.
For 25 years, Saxo’s mission has been to democratize investment and trading, enabling clients by facilitating their seamless access to global capital markets through technology and expertise.
As a fully licensed and regulated bank, Saxo enables its direct clients to trade multiple asset classes across global financial markets from one single margin account and across multiple devices. Additionally, Saxo provides wholesale institutional clients such as banks and brokers with multi-asset execution, prime brokerage services and trading technology, supporting the full value chain delivering Banking-as-a-Service (BaaS).
Saxo’s award winning trading platforms are available in more than 20 languages and form the technology backbone of more than 100 financial institutions worldwide.
Founded in 1992 and launching its first online trading platform in 1998, Saxo Bank was a Fintech even before the term was created. Headquartered in Copenhagen Saxo today employs more than 1500 people in financial centers around the world including London, Paris, Zurich, Dubai, Singapore, Shanghai, Hong Kong and Tokyo.