OMI Group has approved a new Code of Ethics and Conduct, which will revoke the previous Code and will be applicable to all belonging companies (OMIP, OMIE and OMIClear) with effect date on April 1st 2019.
The Institute for Diversification and Saving Energy, IDAE and the Iberian Electricity Market Operator, OMIE will jointly carry out a protocol with the aim of maximizing the socio-economic value of the energy transition and leading innovation in power markets. The press release is available here.
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.