Morgan Stanley & Co. International plc has expanded its NASDAQ OMX Clearing AB membership to become a GCM, and to clear commodity derivative contracts. Morgan Stanley is now entitled to clear Power and Freight listed derivatives as well as Nordic financial contracts.
In a statement for the bank, Andrew Ross, Managing Director, commented: “NASDAQ is a significant provider of CCP services in Europe. This membership expansion demonstrates Morgan Stanley’s commitment to building on its client offering in commodity derivatives clearing, further enhancing its existing extensive commodity franchise.”
Global Head of NASDAQ OMX Commodities, Bjørn Sibbern, said: “The addition of a bank of Morgan Stanley’s calibre further shows the strength in depth of our client base. We look forward to working together to bring additional liquidity at a time of exciting development for NASDAQ OMX in the commodities space.”
For further information, please contact NASDAQ OMX Commodities:
Nick Wallis, Lead Sales Executive, Commodity Sales, phone +44 203 753 2187 nick.wallis@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 Oslo ASA 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 Oslo ASA 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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