OMIClear and OMIP announce the launch of new services in the Iberian Natural Gas, expanding its current contract and services portfolio, promoting the liquidity development of the Iberian Natural Gas Market. The new service will be available from the next 24th November. OMIP launches the OTC registration service for Natural Gas Derivatives contracts with title transfer in the Spanish Virtual Balancing Point (PVB). Within the scope of this service OMIP accepts for registration bilateral transactions, either handled by brokers or by pure bilateral trade of Natural Gas future contracts with physical delivery, for its clearing and settlement (physical and financial) by OMIClear.
MIBGAS Derivatives and OMIClear have reached a collaboration agreement whereby the latter will provide clearing and settlement services for all transactions executed in the MIBGAS Derivatives trading platform.
National Regulatory Authorities approve NEMO proposal to establish European Market Coupling Operator functions to further integrate day-ahead and intraday markets (the “MCO Plan”).