Subject to testing and regulatory approval, Nasdaq Commodities is announcing changes to its Trading and Clearing Rules, effective November 19, 2018.
The following Appendix is affected:
- Joint Trading and Clearing Appendix 2 – Contract Specifications
We have previously published exchange and clearing information related to these changes:
https://cns.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=861009&messageId=1083312
https://cns.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=859284&messageId=1081203
https://cns.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=859285&messageId=1081204
https://cns.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=859282&messageId=1081201
Joint Trading and Clearing Appendix 2 Contract Specifications has been amended to reflect the new European Style Options for the German Only Electricity market under Part C section 1.5 and Part D section 1.26.
The delisting of German Electricity Base Future Option Contracts and the German Electricity Base Average Rate Month Future Contracts is reflected in Part D sections 1.13 and 1.27 respectively.
Further, listing of a new French PEG Natural Gas Monthly DS Future contract is reflected in Part D 2.3. The delisting of the French PEG NORD Gas Monthly DS Future and the French TRS Natural Gas Monthly DS Future are reflected in Part D 2.3 and 2.4.
Amendments to the Quotation list for Fuel Oil contracts are reflected in Part C section 5.
Blacklined versions of Joint Trading and Clearing Appendix 2 Contract Specifications can be found here:
https://business.nasdaq.com/trade/commodities/regulation/legal-framework.html
For further information, please contact Nasdaq Commodities:
Mette Steinsland, AVP Head of Legal Nasdaq Commodities, phone +47 6752 8071, mette.steinsland@nasdaq.com
Market Place Services, phone +47 67 52 80 37, desken@nasdaq.com
Media contact:
David Augustsson, Coporate Communications, phone +46 734496135 david.augustsson@nasdaq.com
About Nasdaq:
Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 100 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to over 4,000 total listings with a market value of approximately $15 trillion.
To learn more, visit business.nasdaq.com.
About Nasdaq Commodities
Nasdaq Commodities is the brand name for the worldwide suite of commodity related products and services offered by Nasdaq. The Nasdaq Commodities offerings include power, natural gas and carbon emission markets, tanker and dry cargo freight, fuel oil, seafood derivatives, iron ore, electricity certificates and clearing services.
Nasdaq Oslo ASA is the commodity derivatives exchange authorized by the Norwegian Ministry of Finance and supervised by the Norwegian Financial Supervisory Authority. All trades with Nasdaq Oslo ASA are subject to clearing with Nasdaq Clearing.
About Nasdaq Clearing
Nasdaq Clearing is the trade name of Nasdaq Clearing AB which is authorized and supervised as a multi-asset clearinghouse by the Swedish Financial Supervisory Authority in Sweden as well as authorized to conduct clearing operation in Norway by the Norwegian Ministry of Finance.
For more information, visit www.nasdaqomx.com/commodities
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