Handelsbanken becomes a member of Nord Pool
(Thomson Reuters ONE) - Handelsbanken has become a member of Nord Pool ASA, the Nordic powerexchange."This is a logical step for us. Handelsbanken is the leading bank inSweden for financial commodities trading, and power is the Nordicregion's most traded commodity," says Torbjörn Iwarson, head ofCommodities at Handelsbanken.Among other things, this membership will enable the bank to offer itscustomers more cost-effective power derivatives trading, directly onNord Pool without intermediaries.Via the membership, Handelsbanken will also be able to offer itscorporate customers price hedging of power costs, and give producersthe option of securing a fixed price for production.Handelsbanken's Commodities department is already No.1 for financialcommodities trading in Sweden, with customers throughout northernEurope, chiefly within metals and agricultural products. Thesecustomers include private individuals, as well as large and smallcompanies, institutions and investors.Handelsbanken's market share as regards listed commodity instrumentsfor investors on Nasdaq OMX is around 90 percent.For further information, please contact:Torbjörn Iwarson, head of Commodities +46 70 597 6721Johan Sillén, head of energy trading +46 70 224 2755http://hugin.info/1225/R/1346709/323569.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 09.10.2009 - 12:38 Uhr
Sprache: Deutsch
News-ID 6762
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