no 3/17 Upcoming Changes to Rulebooks Subject to
Post# of 301275
Subject to testing and regulatory approval, Nasdaq Commodities will launch Trading and Clearing of the Dry Freight contract, Supramax 10TC (SM10TC) futures and options, effective January 24 th , 2017.
Further, some minor amendments relating to Dutch Power, Spanish and Italian monthly DS futures and Natural Gas Monthly DS futures to clarify inaccuracies will be effective on the same day.
The following rulebooks are affected:
- Joint Trading and Clearing Appendix 2 - Contract Specifications
- Joint Trading and Clearing Appendix 7 – Fee List
Joint Trading and Clearing Appendix 2 - Contract Specifications:
Part C – Quotation List
Part C lays out the listing cycles for all contracts.
- A quotation list for the new SM10TC contracts has been added to Part C section 7 (p.43). The SM10TC is listed as six (6) months, six (6) quarters, two (2) half-year and seven (7) year contracts.
- Reference to Dutch Power is removed.
- Peak Load Day contracts for Spanish and Italian Monthly DS Futures are removed.
- Currency of Belgian Zeebrugge Natural Gas Monthly DS Future is changed from EUR to GBP.
Part D – Individual Contract Specifications
The following new contracts and individual contract specifications have been added:
- Section 5.2 SM10TC futures (p. 208)
- Section 5.11 SM10TC options (p. 227)
Changes to the Joint Trading and Clearing Appendix 7 – Fee List
Appendix 7, the Fee List, has been amended to reflect the new contracts being introduced for trading and clearing under section, 3.1 and 3.2, ETS / MTS transactions and Block Trades and Exchange Future for Swap (EFS) / Exchange Future for Physical (EFP) respectively.
For updated rulebooks and appendices please see: http://www.nasdaqomx.com/commodities/Marketac...s-to-rules
For further information, please contact Nasdaq Commodities:
Julian Rezende, Senior Project Manager Specialist Commodities, phone +47 6710 8511, julian.rezende@nasdaq.com
Kjetil Andersen, Global Commodities Sales, phone +47 6710 8506, kjetil.andersen@nasdaq.com
Mette Steinsland, AVP, Principal General Counsel, phone +476752 8071, mette.steinsland@nasdaq.com
Media contact:
Sara Aadnesen, Director Corporate Communications, phone +47 9060 0759, sara.aadnesen@nasdaq.com
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents. 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 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to more than 3,600 listed companies with a market value of over $8.8 trillion and more than 10,000 corporate clients. To learn more, visit www.nasdaq.com/ambition or www.nasdaqomx.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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