MIBGAS Derivatives has opened the call for company applications that are interested in offering market maker service for the non-regulated natural gas future products (beyond month ahead). The products traded in MIBGAS Derivatives (futures or derivatives of natural gas) complement the portfolio of regulated products traded by MIBGAS in the short term with delivery until the following month.

The process starts with the publication of the rules on the call in MIBGAS website and the application will be available until 25 March. From there, once all the applications have been evaluated, the selection of one or several awardees will be made, its operations should start 1 April and will last 6 months.

Market makers participate in most European markers and their purpose is to foster market liquidity with the continuous submission of ask and bid gas orders in the trading platform, these orders should have a fixed maximum spread, in a way that makes the orders more competitive.

Likewise, MIBGAS Derivatives also offers, as a result of the agreement signed with OMIClear, the registration, clearing and settlement service for bilateral trades (OTC) with delivery in the Spanish Balancing Point (PVB) for which it has signed agreements with several European brokers. OTC trades registered in MIBGAS Derivatives will be considered non-financial products with physical delivery.

MIBGAS Derivatives manages the exchange trading of future natural gas products with a time horizon beyond month ahead, as well as LNG products in regasification plant tanks and natural gas in underground storage products. MIBGAS Derivatives is part of MIBGAS S.A.