ICIS Indices Selected for New Gas Products From Nasdaq Commodities

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May 11, 2016, 05:48 ET

LONDON, May 11, 2016 /PRNewswire/ --

Nasdaq Commodities, will partner with ICIS, a leading market intelligence information provider for the global chemical, energy and fertilizer industries, to offer 14 new energy markets to be listed on Nasdaq Oslo ASA and Nasdaq Clearing AB.

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Rob Kolkman, Managing Director of ICIS said,

"We are very pleased to be selected by Nasdaq as the information provider of choice, as ICIS continues to meet the high standards expected by the market and set by the international regulators. This reflects why ICIS holds the trust and recognition of our customers over our 30 years of experience in providing independent high quality pricing information, news, analysis and consulting services."

ICIS natural gas benchmarks including the UK NBP, Dutch TTF, German NCG & Gaspool, Italian PSV, Spanish AOC, French Peg Nord & TRS and Belgian ZEE will be listed to drive liquidity growth on the new markets to be launched by Nasdaq.

Global Head of Nasdaq Commodities, Bjørn Sibbern, said,

"We believe that this will greatly contribute towards driving the European energy markets in the right direction and this launch gives proof that the energy market is ready for our transparent model and environment."

In power, the offering includes Monthly DS Futures for Germany, Netherlands, UK, France, Belgium, Spain and Italy. In gas, the products include Monthly DS Futures in Dutch TTF, German NCG, German Gaspool, UK NBP, French Peg Nord, French TRS and Belgian ZBT.

About ICIS

ICIS is the world's largest petrochemical market information provider with divisions spanning energy and fertilizers. The ICIS energy portfolio covers key global markets including LNG, natural gas, power, carbon and renewables. In addition to price benchmarks, ICIS delivers data analytics, forecasting tools plus consulting services to a global audience.

With over 30 years' experience in providing market intelligence, ICIS has more than 800 staff based in Houston, Washington, New York, London, Montpellier, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Yantai, Tokyo and Perth. Some 350 of ICIS's staff are journalists engaged in reporting market prices and news, and ICIS is fully committed to upholding the highest journalistic principles of verification, corroboration and authentication. ICIS has a compliance framework that along with its methodologies and business processes adheres to the requirements of the IOSCO PRA Principles.

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About Reed Business Information

Reed Business Information provides information and online data services to business professionals worldwide. Customers have access to our high-value industry data, analytics, information and tools. Our strong global products and services hold market-leading positions across a wide range of industry sectors including banking, petrochemicals and aviation where we help customers make key strategic decisions every day. RBI is part of RELX Group plc, a world-leading provider of information solutions for professional customers across industries.
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About RELX Group

RELX Group is a world‐leading provider of information and analytics for professional and business customers across industries. The group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. The total market capitalisation at 11 May 2016 is approximately 25.0bn GBP / 31.5bn Euro / 36.1bn USD