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Press Release | 28 Jan 2019

MIBGAS Derivatives and OMIClear sign cooperation agreements with brokers

Secção: 

MIBGAS Derivatives and OMIClear sign cooperation agreements with Arraco, CIMD, IBGH, ICAP and Tullet-Prebon to offer their clients the registration, clearing and settlement services for bilateral trades (OTC) in the entire natural gas futures curve with delivery in the Spanish Virtual Balance Point (PVB). OTC trades registered in MIBGAS Derivatives will be considered non-financial products with physical delivery out of the scope of MiFID II regulation. MIBGAS Derivatives and OMIClear expand their services and gas futures products, which will allow a further development of the natural gas market in the Iberian Peninsula, and will enforce its leading position in the Iberian Peninsula natural gas sector.