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

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| 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:

http://www.nasdaqomx.com/commodities/Marketaccess/legalframework/upcoming-changes-to-rules

 

For further information, please contact NASDAQ OMX Commodities:

Mette Steinsland, Legal Counsel, phone +47 6710 8071/+47 4003 5118, mette.steinsland@nasdaqomx.com

   

Media contact:

Sara Aadnesen, Director Corporate Communications, phone +47 9060 0759, sara.aadnesen@nasdaqomx.com

 

About NASDAQ OMX

NASDAQ OMX (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 OMX 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 OMX is home to more than 3,300 listed companies with a market value of over $8 trillion. To learn more, visit www.nasdaqomx.com

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 www.nasdaqomx.com/commodities

 

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The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about NASDAQ OMX's products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX's control. These factors include, but are not limited to factors detailed in NASDAQ OMX's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.

This document is being directed solely at and may only be communicated to persons: (i) who have professional experience in matters relating to investments as defined in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "FPO") or, (ii) who are high net worth companies, unincorporated associations and trustees of high value trusts within Article 49(2)(a)-(d) of the FPO, or (iii) to whom it may otherwise be lawful to distribute it (all such persons together being referred to as "Relevant Persons"). Any investment activity to which this document relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.