Subject to testing and regulatory approval, Nasdaq Commodities is announcing changes to its Trading and Clearing Rules, effective March 1, 2018.
These Appendices are affected:
- Joint Trading and Clearing Appendix 2 – Contract Specifications
-
Joint Trading and Clearing Appendix 7 – Fee List
Delisting and reduction of the German Electricity Future contracts
The decision to delist and reduce the listing of German Electricity contract with settlement against the average of the hourly prices from the day-ahead auction for the German/Austrian price zone is a natural step to further improve the liquidity in the German Only Electricity Futures contracts. This is due to the expected split of the German/Austrian price zone in October 2018.
German Electricity Base Year Future - EDEFUTBLYR-21
German Electricity Base Year Future - EDEFUTBLYR-22
German Electricity Base Year Future - EDEFUTBLYR-23
German Electricity Peak Year Future - EDEFUTPLYR-21
German Electricity Peak Year Future - EDEFUTPLYR-22
German Electricity Peak Year Future - EDEFUTPLYR-23
There will be no further listing of German Electricity Base and Peak Year Future contracts. Last year available for trading and clearing is year 2020.
Delisting of UK Electricity Future contracts
UK Electricity Base Season Future – EUKBLS[S/W]-[YY]
UK Electricity Base Quarter Future – EUKBLQ[Q]-[YY]
UK Electricity Base Month Future – EUKBLM[MMM]-[YY] Last Month listed EUKBLMMAR-18
UK Electricity Base Week Future – EUKBLW[WW]-[YY] Last Week listed EUKBLW13-18
Delisting of German and Nordic Electricity Base Monthly Option contracts
German Electricity Base Average Month Option-EDEAFUTBL[C/P]M
German Electricity Base Future Month Option– EDEFUTBL[C/P]M
Nordic Electricity Base Average Month Option-ENOAFUTBL[C/P]M
All the above mentioned contracts for delisting have not been traded and have no Open Interest and are from today suspended for trading and clearing.
For updated rulebooks and appendices please see: http://www.nasdaqomx.com/commodities/Marketaccess/legalframework
For further information, please contact Nasdaq Commodities:
Mette Steinsland, AVP Head of Legal, Nasdaq Commodities, phone +47 6752 8071, mette.steinsland@nasdaq.com
Anne-Marit Rudby, Product Director, Nasdaq Commodities, +47 91580323, anne-marit.rudby@nasdaq.com
Media contact:
Sara Aadnesen, Head of Corporate Communication, Nasdaq Commodities , 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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