MIBGAS Derivatives has chosen Axpo Iberia as market maker at organised gas market for future natural gas products. Axpo Iberia will carry out this role from the coming six months.

The selection of Axpo Iberia -subsidiary of the swiss energy group Axpo- as a market maker at MIBGAS Derivatives represents a further step for the establishment of a more mature and competitive market, through the development of natural gas price signals in every delivery period.

The character of market maker is usual on European markets and its aim is to develop liquidity with the continuous presence of bid and ask offers in the trading platform.

Currently, future natural gas products with monthly (an expiration over month ahead), quarterly, seasonally and yearly physical delivery are traded at MIBGAS Derivatives, completing the curve of products and prices; and LNG spot products. Furthermore, OMIClear will be the Clearing house for the trades executed at MIBGAS Derivatives Futures.

Axpo Iberia (www.axpo.com) is the subsidiary of the Swiss group Axpo in Spain and Portugal. After more than 15 years of presence in Spain, Axpo has established itself as one of the largest energy groups in our country, supplying to its clients 10 TWh of gas and 5 TWh of electricity, and managing the largest portfolio of renewable energy in Spain. The Axpo Group produces, commercialises and distributes energy in Switzerland, in 30 European countries and in the US.