The exchange group is set to launch the new contract by the of the year
Nasdaq is forging ahead with development
on its new wind production index futures contract, with the new
offering deemed a pilot project ahead of a push into the
renewables space by the US exchange giant.
The exchange this week in London held a
workshop with market participants on the dynamics of the new
contracts, ahead of plans to go live before the end of the
year, subject to regulatory approval.
"The wind contract is a pilot of sorts; we
know that renewables will be key going forward and so if this
product is a success, it paves the way for both new
geographies, and other weather parameters, such as solar or
precipitation, as well as more wind contracts," Konstantin
Lenz, country manager for Commodities Germany at Nasdaq told
FOW in an interview ahead of the workshop on Thursday.
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