Axpo Iberia will continue to carry out as market maker at MIBGAS Derivatives (Press release).

MIBGAS Derivatives has chosen Axpo Iberia, subsidiary of the swiss energy group Axpo, 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 call, opened the 15th of March, has been completed after the appointment of Axpo Iberia which will remain as market maker at MIBGAS Derivatives as it was last year.

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.

The selection of Axpo Iberia 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.

About MIBGAS Derivatives

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. Furthermore, OMIClear will be the Clearing house for the trades executed at MIBGAS Derivatives Futures.

About Axpo Iberia

Axpo Iberia is a gas market benchmark at both national and international levels, due to its extensive experience and expertise, allowing them to facilitate market prices for the complete curve. The international structure of Axpo group enables them to contribute with an interesting offer in gas supply with competitive and advantageous conditions, thanks to its strong deployment in Europe and its great experience in the gas market. Since its implementations in the Iberian Peninsula, 16 years ago, the swiss subsidiary of the energy group Axpo, has shown its commitment to create a more competitive, flexible and transparent energy market.