FDIC Board Adopts Volcker Rule Ban On Banks’ Proprietary Trades
Nordic September Power Trading Volumes Via Nasdaq Decline 8%
Traded and cleared volumes of power contracts in the Nordic region fell 8 percent from a year earlier to 160.2 terawatt-hours last month, according to Nasdaq OMX Group Inc. (NDAQ)’s energy exchange in Oslo.
The amount of Nordic contracts traded directly on the exchange declined 10 percent to 91.8 terawatt-hours while over- the-counter trades cleared on the bourse dropped by 5.4 percent to 68.4 terawatt-hours, according to a monthly report on the exchange’s website.
Volumes rose from August, when 139.3 terawatt-hours were traded and cleared, according to the report.
The amount of German power contracts bought and sold fell to 0.7 terawatt-hours in September, down from 2.9 terawatt-hours a year earlier and 1.4 terawatt-hours in August, the exchange said.
Traded and cleared U.K. power volumes rose to 1.6 terawatt- hours, up from 0.2 terawatt-hours a year earlier and 1 terawatt- hours in August.
The exchange handled 1.9 million allowances and certified emission reduction units last month, down from 6 million a year earlier and up from 1.3 million from August, according to the report.
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