MIBGAS Derivatives and OMIClear sign cooperation agreements with Arraco, CIMD, IBGH, ICAP and Tullet-Prebon to offer their clients the registration, clearing and settlement services for bilateral trades (OTC) in the entire natural gas futures curve with delivery in the Spanish Virtual Balance Point (PVB).
Mibgas Derivatives will register bilateral and brokered trades of natural gas futures, to be cleared and settled by OMIClear.
On January 8 OMIP will launch for trading and registration futures contracts on electricity with maturity of 6 years (Cal+6) and 7 years (Cal+7). The new maturities are extendable to all electricity futures contracts listed in OMIP (Base, Peak, Solar, Forward, Swap). All of these products have subsequent clearing and settlement in OMIClear.