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01/2002
Nord Pool will introduce Internet connectivity for PowerCLICK, the electronic trading system for Nord Pool's power derivatives market, in late November 2002. Using virtual private network (VPN) encryption technology, a secure PowerCLICK link to the exchange can be established via the Internet. PowerCLICK's VPN link-up is an alternative to today's mandatory leased-line connection between Nordic Power Exchange members and Nord Pool.
Key benefits of VPN connectivity are lower telecom costs and reduced lead time to new PowerCLICK customers' ability to trade. Connecting to a local ISP (Internet Service Provider) is much cheaper than subscribing to a long-distance leased line; further, the wait for leased line installation is avoided. New PowerCLICK VPN accounts will normally be up and running - and ready to trade directly on the exchange - in one or two weeks after an application request.
Even though leased line connection has been, and still is the primary connection to the Exchange, PowerCLICK accessed over Internet will be offered to all Exchange Members, and can either be used as the main connection or as a backup connection towards Nord Pool.
Tests conducted by OM and Nord Pool have confirmed that a VPN PowerCLICK link is as fast and stable as today's fixed-lines solution, even at high system loads. That said, Internet communications are subject to interruptions that are impossible to anticipate or diagnose, and throughput and response times cannot be guarantied.
An Internet-browser-based trading capability for derivatives trade via Nord Pool is scheduled for release in early January 2003. Hallmarks of this light trading client are ease of accessibility from any PC and suitability for lower-volume trading. NPTrade can also be used as a backup trading solution and for market information displays.