no 54/14 Changes to the Trading and Clearing Rules of NASDAQ OMX Commodities

| Source: Nasdaq Commodities

This is to inform you of upcoming amendments to the Trading and Clearing Rules of NASDAQ OMX Commodities that will come into effect on June 9, 2014.

In connection with a technical update of GENIUM INET, the Trading and Clearing Rules will be amended and the following documents are affected:

•           Clearing Rules General Terms         

•           Joint Trading and Clearing Appendix 2 - Contract Specifications

•           Joint Trading and Clearing Appendix 7 – Fee List

To complement our German power initiative we are introducing a German trading calendar for all Dutch and German Electricity Contracts. The specific contract specification in the Joint Trading and Clearing Appendix 2 - Contract Specifications has been amended accordingly under the sections 1-1 – 1.31.

Further we are introducing fixed fee for clients to trade and clear all German power products (Futures, DS Futures, EPADs and Options) at a monthly fixed fee of €10 000,-. The Joint Trading and Clearing Appendix 7 – Fee List has been amended accordingly under sections 3.1 and 3.2

The various administration fees have been amended for currency adjustments for USD and GBP fees; please see the adjustments under sections 5.1 – 5.6 in the Joint Trading and Clearing Appendix 7 – Fee List

We are now providing for a new automatic take up functionality. A reference to the automatic take up functionality has been added in the Clearing Rules, General Terms section 4.6.2 to clarify that confirmations of take ups are considered to be made automatically where the functionality has been activated by the clearing member. Clearing members that wants to use the functionality will be requested to fill out a form provided by the Clearing House and make the necessary configurations in the clearing system. 

In addition a typo is corrected under the Clearing Rules, General Term section 6.3.3 regarding Delivery Procedures to clarify that the delivering Counterparty shall confirm and not receive a confirmation.

For updated rulebooks and appendices please see:


For further information, please contact NASDAQ OMX Commodities:

Mette Steinsland, Legal Counsel, phone +47 6710 8071/+47 4003 5118,


Media contact:

Sara Aadnesen, Director Corporate Communications, phone +47 9060 0759,



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About NASDAQ OMX Commodities

NASDAQ OMX Commodities is the brand name for the NASDAQ OMX Group’s worldwide suite of commodity related products and services. The NASDAQ OMX 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 OMX Commodities Europe is the trade name of NASDAQ OMX Oslo ASA which is authorized as a commodity derivatives exchange by the Norwegian Ministry of Finance and supervised by the Norwegian Financial Supervisory Authority. All trades with NASDAQ OMX Commodities Europe are subject to clearing with NASDAQ OMX Clearing.

 About NASDAQ OMX Clearing

NASDAQ OMX Clearing is the trade name of NASDAQ OMX 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


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