Handelsbanken becomes a member of Nord Pool
Handelsbanken has become a member of Nord Pool ASA, the Nordic power exchange.
"This is a logical step for us. Handelsbanken is the leading bank in Sweden for financial commodities trading, and power is the Nordic region's most traded commodity," says Torbjörn Iwarson, head of Commodities at Handelsbanken.
Among other things, this membership will enable the bank to offer its customers more cost-effective power derivatives trading, directly on Nord Pool without intermediaries.
Via the membership, Handelsbanken will also be able to offer its corporate customers price hedging of power costs, and give producers the option of securing a fixed price for production.
Handelsbanken's Commodities department is already No.1 for financial commodities trading in Sweden, with customers throughout northern Europe, chiefly within metals and agricultural products. These customers include private individuals, as well as large and small companies, institutions and investors.
Handelsbanken's market share as regards listed commodity instruments for investors on Nasdaq OMX is around 90 percent.
For further information, please contact:
| Torbjörn Iwarson, head of Commodities | +46 70 597 6721 |
| Johan Sillén, head of energy trading | +46 70 224 2755 |