nasdaqomx

 
 

Upcoming Trainings and Courses

The Physical and Financial Markets Courses - 2017

Dates:

  • November 22-23 

The course will be held between approx. 9.00 - 16.00.

Location:

Norway, Oslo

Course Fee:

Members: EUR 1 100          Non-Members: EUR 1 500

 

Course Fee includes:

  • One copy of the book "Power to the People - 20 years of Nordic power market integration"

  • Lunch and refreshments

  • NASDAQ ACADEMY course diploma

Register:

1. Click here

2. Press "register"

3. Insert password "Commo" 4. Click "log in"

5. Register Name, e-mail, Address (for invoicing), phone and company

6. Choose course and date. You will receive a confirmation when application is accepted.

Course Registration


 

Course Information

Introduction

Aim of the Course

The purpose of the course is to give the participants a broad understanding of the Nordic power market and provide participants with varied backgrounds a clear understanding of the difference between the physical and financial market place, the role of the different market participants, the products and markets that are offered in addition to trading and settlement, clearing, surveillance and data services.

Physical Market Introduction

Nord Pool offers day-ahead and intraday markets to its customers. The participant will learn about the physical market, its different market mechanisms, price influences and principles behind the calculation of prices and physical power flows.

Financial Market Introduction

Nasdaq Commodities offers power, natural gas and carbon emission markets, tanker and dry cargo freight, fuel oil, seafood derivatives, iron ore, electricity certificates and clearing services. The participant will gain deeper insight into product structures and how hedging based on financial contracts, combined with physical procurement at national or regional spot markets, work together. In addition the participant will get aquainted with settlement and clearing services as well as market surveillance.

Content

 

The Physical Market        

The Financial Market     

The Spot and Intraday Markets

  • The physical power market
  • Nord Pool – a market place
  • A few electricity terms
  • The Nordic power market
  • The structure of the organized markets - Nord Pool Day-Ahead and Nord Pool Intraday
  • Nord Pool Day-Ahead trading
  • Trading and price calculation in Nord Pool Day-Ahead
  • Nord Pool Intraday market
  • European integration
  • Settlement and collateral

The Role of the TSO

  • Framework
  • Planning phase
  • Operational phase

Power Data Services

  • What kind of data is available at Nord Pool?
  • Where can the data be found?

Market Surveillance - Nord Pool 

  • Market Conduct Rules
  • Disclosure requirement (UMM), insider trading, market manipulation
  • Regulation of the physical market
  • Mandatory Market Surveillance, reporting to authorities
  • Sanctions

 

 

 

 

 

The Financial Market

  • Introduction to the financial market
  • Products in the financial market
  • DS Future and futures contracts
  • EPADs
  • Freight contracts
  • How to trade financial contracts
  • Trading period
  • Delivery period

EL-Cert

  • The El-Cert system
  • Market Participants
  • Trading and Clearing

Trading Carbon

  • EU ETS Framework conditions
  • Trading allowances at Nasdaq
  • The future of european and global emissions trading 2013-2020 (phase III)

Clearing

  • What is clearing? Why clearing?
  • Regulatory changes
  • Trade Repository
  • Setllement
  • Margin and collateral
  • Default fund
  • Clearing Workstation (CW2)
  • CMS Web
  • The way forward

Market Surveillance - Nasdaq Commodities

  • What is the function of market surveillance?
  • Is there a need for a surveillance department?
  • How do we conduct our work?

 

Participants

  • present and potential members
  • new traders and brokers
  • new entrants to the physical and financial markets
  • back-office and operations people involved in the energy markets
  • energy producers and consumers,
  • financial institutions and government staff
  • lawyers, and consultants
  • sales and marketing personnel
  • risk management
  • associated organizations
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