Following industry demand from the Tanker Freight market, Nasdaq Commodities is pleased to announce the launch of a new freight route, the TC7 - Singapore/East Coast Australia, 30kt MR. The new route will be available for trading and clearing from December 10, 2014.
The product structure will follow the same structure as the existing Tanker Freight contracts with six (6) monthly, five (5) quarterly and two (2) yearly futures and options contracts listed for trading and clearing. The product calendar, market model, risk parameters and rulebook will be updated to reflect the launch of this route in due course.
Additionally, following the suspension of the freight route TD5, by The Baltic Exchange, Nasdaq Commodities will delist the TD5 route as of January 1, 2015, and suspend the TD5 2015 and 2016 contracts from trading and clearing with immediate effect.
Please see the relevant changes to the Trading and Clearing Rules, Appendix 2 - Contract Specifications here.
For further information, please contact Nasdaq Commodities:
Freight Sales Team, +47 6710 8510, freight@nasdaq.com
Mette Steinsland, Legal Counsel, phone +47 67 10 80 71/+47 40 03 51 18 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 3,500 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 OMX 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 OMX Oslo ASA are subject to clearing with Nasdaq Clearing.
About Nasdaq Clearing
Nasdaq 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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