Turkey’s derivatives market Vadeli Islem ve Opsiyon Borsasi (VOB) is planning to allow trading of Turkish power futures in September, Platts reports. The VOB has already got approval from the Capital Markets Board and from the Energy Regulatory Authority to start trading. The VOB may offer cash-settled trading based on prices on Turkey’s existing state-operated day-ahead balancing and settling market Piyasa Mali Uzlastirma Merkezi (PMUM). The VOB will utilize the existing market and contracts and allow traders to buy and sell based on the PMUM price. It may also allow trading based on physical delivery contracts.
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