POLPX Continues Partnership with Nasdaq

POLPX to improve functionality & grow trading volumes.

lars-ottersgard
Lars Ottersgård, executive vice president and head of market technology at NASDAQ

Polish Power Exchange (POLPX), a buyer of Nasdaq trading technology since 2005, announced it will continue its partnership with Nasdaq through 2020 with Nasdaq's X-stream Trading technology platform.

The deal will increase POLPX's functionality and lead to higher trading volumes. POLPX will also be Nasdaq's first energy customer through X-stream Trading.

Ireneusz Lazor, the president of the management board at POLPX, says improving POLPX's technology will allow it to become a global and multifunctional market.

"We are facing numerous challenges, including those related to the creation of a derivatives market or active participation in the common European energy market. There are also other commodity markets we are developing," said Lazor in a statement. "Undoubtedly, our current participants will see positive changes and we hope to attract the interest in our market from international players. New functionalities will, above all, provide enhanced capabilities for flexible management of the buy/sell portfolio of instruments offered at POLPX"

As part of the agreement, Nasdaq will help POLPX as it launches an energy futures market this year. POLPX also has the opportunity to use Nasdaq's energy auction platform, Sapri. This would allow POLPX to prepare for participation in Europe's energy cross-border auctions. 

"This demand for increased functionality and performance has pushed us to innovate and invest in our energy offerings and bring a cutting-edge, flexible and robust energy trading and clearing platform to the market," said Lars Ottersgård, Nasdaq executive vice president of market technology.

To read more about the relationships between developed exchanges and emerging ones, read the Waters' December feature "Emerging Exchanges: Partnering for Power".

  • LinkedIn  
  • Save this article
  • Print this page  

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: