Nasdaq Commodities is pleased to announce a new and competitive clearing offering for dry freight futures and options contracts with effect from May 3, 2016.
With the legacy and in-depth knowledge acquired from NOS Clearing, Nasdaq Commodities is strongly committed to the freight markets and would like to support participants by offering a more competitive fee structure.
The recent growth in Nasdaq Commodities’ cleared volumes and strong support from the freight community worldwide, contributes to this continuous investment in the commodities markets.
New fees as reflected in chapter 3.1 and 3.2 of Appendix 7 – Fee List:
| Dry Freight Contract | Futures and Options |
| CS4TC,CS5TC*, PM4TC, SM6TC, HS6TC | 4 $/lot |
| C3, C4, C5, C7 | 3 $/lot |
| P1A, P2A, P3A | 3 $/lot |
*The current fee holiday for CS5TC futures and options is extended until end of June 2016.
Delivery settlement fees will remain free of charge and the existing discount regime will be maintained:
- Spread and Option strategies discount of 50% on all legs
- Full Size discount of 50% for full Quarter-, Half-Year- or Calendar contracts
-
Monthly Volume discount applies for dry futures with the following thresholds and discounts:
- 1001-2000 lots 20% discount
- Above 2000 lots 40% discount
Please find upcoming changes to the rulebook here http://www.nasdaqomx.com/commodities/Marketaccess/legalframework
For further information, please contact Nasdaq Commodities:
Hanne B. Johansson, +47 95 10 96 31, hanne.johansson@nasdaq.com
Claudia Gerotto, +39 347 167 4451, claudia.gerotto@nasdaq.com
Kjetil Andersen, +47 67 10 85 06, kjetil.andersen@nasdaq.com
Adelfio Ronci, +65 6505 6557, adelfio.ronci@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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