Over the years, in their systems and platforms, hundreds of players of different profiles, sizes, and origins have negotiated and registered various products, from the most standard to the most disruptive, always with the security and confidence conveyed by a stock exchange and a CCO of excellence.
If it is true the innovation and commercial opportunity of the OMIP and OMIClear projects should be valued, we cannot forget all the people who with competence and effort, helped to enhance the history of both entities.
At Axpo Iberia, we are very proud to have contributed to this development by playing the figure of Market Maker practically since its start, operating successfully both in the OTC markets and in the OMIP futures market.
Throughout all these years OMIP has provided market access to many participants who have been able to manage their risks in a more transparent and efficient manner. Likewise, OMIP has evolved based on the changes that have occurred in the energy markets by adding new products tailored to the needs of the market participants, responding to all regulatory changes that have been implemented in energy markets and always being close to customers.
We hope that OMIP will continue to be true to its principles, providing to its customers a service in line of the excellence that has always characterized it and we wish it a happy anniversary!
It is up to us traders and originators to provide liquidity to the market, but without a doubt that OMIP is the reference that has guided us until today and on whom we count to help build tomorrow.
Since its inception in 2006, working with OMIP and OMIClear is a guarantee of professionalism and good work, its main strength being the proximity, adaptability, and innovation that they have demonstrated over the years in the face of the needs of the markets, regulations, and own participants.
Its extraordinary team is always ready to attend to any questions that may arise.
15 YEARS OF HISTORY
OMIP starts operations as the first power exchange in the Iberian Peninsula – launch of Spain Baseload Financial Futures till Year+1
OMIP admitted on Europex (European Association of Energy exchanges)
19 trading members and 3 clearing banks
Market consolidation and onboarding of new trading and clearing members
Extension of the Spain power curve up to Year+2
Auctions for allocation of wind energy production licences in collaboration with Direção Geral de Energia e Geologia (DGEG)
First Market Maker
First Market Maker in OMIP and the Iberian Market’s history
Launch of new power products: Spain Forwards and SWAPs; Portugal Financial Futures
Auctions for cushion gas acquisition in collaboration with REN Armazenagem
Launch of Spain Peakload Financial Futures
Go-live of Trayport Exchange Trading System (ETS) as OMIP trading platform
OMIClear admitted to the EACH (European Association of CCP Clearing House)
First Special Regime Producers (PRE) auction for Last Resort Supplier (CUR) in Portugal
First OMIP/OMIE common Board of Directors.
OMIP manages a Spectrum Auction (SMRA model) in the Portuguese telecom market, in collaboration with Anacom
Celebrating of 5 years of market operation: new branding and new headquarters in Lisbon
Extension of the power products curve up to Year+3
Corporate restructuring: holdings OMIP SGPS in Portugal and OMEL in Spain, hold equal shares of the market management companies
– OMIE and OMIP
1st Spain-Portugal Interconnection Auction (FTR) in collaboration with REN and REE
Authorized under EMIR
Launch of Options on Power Futures for Spain Baseload Contracts
OMIClear is authorized by ESMA under EMIR regulation
First Solar Auction managed by OMIP in collaboration with ENDESA
OMIP approved by ACER as ‘Registered Reporting Mechanism’ (RRM)
Launched of power futures for the French and German zones
OMIP manages a Spectrum Auction (SMRA model) in Polish telecom market, in collaboration with UKE
Sponsor of EMART Energy 2015 – Barcelona
OMIP curve extended up to Year+4
OMIP appointed by ERSE as responsible for operating the Balancing Gas Auction platform in Portugal
Natural Gas Futures
OMIP is the first natural gas derivatives exchange in the Iberian Peninsula: launch of Spain PVB Natural Gas futures with Physical delivery till Year+2
Launched of Spanish Solar futures
Extension of OMIP power curve up to Year+5
First Portuguese Solar Auction
OMIClear C.C., Sucursal España appointed as OMI Group RRM
OMIP manages the 1st Portuguese Solar Auction in collaboration with DGEG
Extension of OMIP power curve up to Year+7
GIG | Curve Y+10
Start of operation of GIG, the Integrated Collateral Manager of Portuguese National Electric System (SEN)
Extension of OMIP Iberian power curve up to Year+10
OMIP manages the first Portuguese Guarantees of Origin Auction
GIG extends the service of integrated collateral management to the Portuguese Natural Gas System (SNG)
Celebrating of 15 years of market operation