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Nasdaq To Power Polish Commodity Trading Platform – Law360 (subscription)

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Law360, New York (June 5, 2017, 6:46 PM EDT) — TGE, the operator of the Polish Power Exchange, said Monday it launched a new trading system powered by Nasdaq that will enable it to provide additional commodity and derivative instruments, keeping pace with Europe’s drive to integrate the continent’s electricity markets.

Warsaw-based TGE said the new platform will significantly boost its performance and flexibility, noting that Nasdaq’s matching engine processes orders at the rate of 100,000 per second. TGE expects to provide clients a wide range of order and asset types under the new system, better…