As previously communicated to our clients in letterform, Nasdaq Commodities intends to migrate the freight product suite to our U.S.-based futures exchange, Nasdaq Futures, Inc. (NFX) on June 15, 2018.
This is part of Nasdaq’s goal to improve client needs and efficiencies, and part of our commitment to cultivating and expanding the Freight market and boosting market liquidity globally.
Our goal is to dual list the tanker futures on NFX from April 27, 2018, while dry freight futures and options will be listed on NFX in correlation with the targeted migration date, pending testing at Options Clearing Corporation (OCC) and regulatory approvals.
As per the above, NFX has started the initial process of listing the tanker freight and dry freight contracts on NFX and has initiated discussions with key stakeholders for the development and response of client requirements.
More details about the migration time line and events will be communicated in the coming weeks and months.
NFX and OCC bring a competitive mix of products, fees, innovative technology, and clearing services designed to meet the needs of ambitious traders. As an expansion of our existing commodities business, NFX currently offers key energy and commodity benchmarks that allow market participants to further diversify their portfolios while providing a valuable hedging tool. NFX offers:
- Energy and commodity futures in oil, gas, U.S. power and ferrous products
- A highly competitive fee structure
- Cost-effective horizontal clearing model operated by the OCC
- Open and neutral access via standardized APIs and leading front-end providers
For further information, please contact the NFX Transition Team:
The NFX Transition Team is in the process of scheduling on-site customer visits. If you are interested in a meeting please contact us at NFXFreight@nasdaq.com or reach out to any of the following team members:
Anna-Karin Teir - Sales Director
Direct: +1 312-568-5973
Mobile: +1 312-394-9674
anna-karin.teir@nasdaq.com
Przemek (Prez) Koralewski – Onboarding Lead
Direct: +46 8405 6146
Mobile: +46 7344 96146
przemek.koralewski@nasdaq.com
Steve Sladoje – NFX Chief Operating Officer
Direct: +1 312-568-5903
Mobile: +1 312-459-2347
steve.sladoje@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, visitwww.nasdaq.com/ambitionorwww.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, visitwww.nasdaqomx.com/commodities
The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Neither The Nasdaq Group, Inc. nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding Nasdaq-listed companies are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
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