"We want to develop our market model along the lines of the Nordic power market, where the underlying is traded several times, and we are replacing our existing trading platform in line with increased market liquidity," says Jorge Simoão, OMIP board member.

There has been an increase in business from the Iberian region in the past year, says Adrienne Muir, head of Trayport exchange systems, and the vendor believes there is enormous growth potential for energy trading in this region.

In September