nasdaqomx

Training and Authorization for Nasdaq Nordic Members

Nasdaq authorizes future stock- and derivatives brokers in the Nordic Exchange’s trading system for the cash equity (INET), derivatives and commodities markets (Genium INET). Traders applying access to the INET and Genium INET Trading System need to pass an electronic test organized by Nasdaq. This e-test can be accessed everywhere and anytime over the Web.

To get access to the fixed income cash market you must have documented knowledge of the Nasdaq trading rules and market model.

Below you'll find instructions how to get authorization for different products in our markets.

Authorization

Back Office (Genium INET Clearing) - Self-study materials

Under the Rules and Regulations of Nasdaq Derivatives Markets the member is responsible for ensuring that all personnel that have access to the Clearing System

  • have studied and understood the Back Office self-study material provided by the Exchange,
  • possess knowledge of the Clearing System, including any application used to access it, and
  • promptly take part of any updated Back Office self-study material provided by the Exchange.

Furthermore the personnel shall possess general knowledge of the derivative products of Nasdaq Stockholm. Please see sections 2.2 and 3.2 in the Rules and Regulations.


Please find Back Office self study material on the European Clearing page »

 

The Clearing Workstation course in Stockholm is no longer held on a regular basis. However, if you are interested in participating in an on demand Clearing Workstation course or have any other questions regarding Back Office authorization please click here to send us an email.

 

Cash Trader (INET Nordic) - Online test

Passing the INET e-test gives the cash trader understanding how trading is organized in Nasdaq Nordic Cash market (i.e. Nasdaq Stockholm, Copenhagen, Helsinki, Baltics and Iceland). The trader familiarize with the functions in INET Trading System, Trading rules and regulations, reporting guidelines and the role of market supervision. No previous knowledge is required to do the e-test.

 

The reading material to the e-test will be sent to the applicant once the trader has been registered. The trader candidates can enroll to the e-test by sending an e-mail, which contains trader’s name, company and invoicing address to financialtraining@nasdaq.com

To sit the exam is easy:

  • Trader can do the test only once free of charge (extra attempts cost 180 EUR each)
  • Trader has one hour to complete and submit the e-test
  • Trader needs to have 75% of maximum points to pass the e-test
  • The e-test consists of 20 multiple alternative questions, where only one alternative is correct
  • Nasdaq will contact the trader via email regarding the e-test result

Derivatives Traders Trading Commodities (Genium INET) - Online test

Please note that this test only applies to Derivative Market members wanting to trade commodities. It does not apply to Commodities members.

Passing the e-test gives authorization to the Trader to trade Commodites on the Nasdaq Nordic’s GENIUM INET Trading System.

To sit the exam is easy:

  • Trader can do the test only once free of charge (extra attempts cost 180 EUR each)
  • Trader has one hour to complete and submit the e-test
  • Trader needs to have 75% of maximum points to pass the e-test
  • The e-test consists of 20 multiple alternative questions, where only one alternative is correct
  • Nasdaq will contact the trader via email regarding the e-test result

Enroll: send an email to financialtraining@nasdaq.com. Email should contain trader's name, company and invoicing address. The e-test reading material will be sent to the applicant once the trader has been registered.

Derivatives Trader (Genium INET) - Online test

Passing the Genium INET e-test gives the derivatives trader understanding how trading is organized in Nasdaq Nordic Derivatives market. The trader familiarize with the functions in Genium INET Trading System, basics on the role and functions of clearing, schedules for different clearing-related events, trading and reporting rules, valuation of options, improper influence of prices and the role of market supervision.

 

The reading material to the e-test will be sent to the applicant once the trader has been registered. The trader candidates can enroll to the e-test by sending an e-mail, which contains trader’s name, company and invoicing address to financialtraining@nasdaq.com

To sit the exam is easy:

  • Trader can do the test only once free of charge (extra attempts cost 180 EUR each)
  • Trader has one hour to complete and submit the e-test
  • Trader needs to have 75% of maximum points to pass the e-test
  • The e-test consists of 20 multiple alternative questions, where only one alternative is correct
  • Nasdaq will contact the trader via email regarding the e-test result

 

Fixed Income Trader Authorization (Genium INET) - Online test

Authorization of fixed income traders requires the traders to read the trading rules and a market model document supplied by Nasdaq. The trader and her/his company are required to sign an application form stating the trader has read and understood the rules and market model.


Please find the application form the right hand column on this page.

Clearing

Introduction to Clearing - Classroom training

We describe why a clearinghouse is necessary for a secure market place and what needs to be in place to accomplish the stability. The member and account structure is essential for a clearinghouse for both position keeping and margin calculations, which we examine. The chain of participants who interact in the settlement and delivery chain is explored thoroughly. Learn why margin is calculated and how the requirements are covered by collateral of different kinds.


The course is held at Nasdaq Stockholm, Tullvaktsvägen 15.

Register

Introduction to SPAN

Derivatives, such as Futures and Options, are agreements between two parties where either both parties are obliged to fulfill their agreement or only one of them. A Clearinghouse centralizes the counterparty risk. To ensure that all obligations are met, the clearinghouse requires collateral to cover for potential defaults. The Margin requirement is calculated with a Margin method. One such method is SPAN, Standard Portfolio Analysis of Risk.


The course is held at Nasdaq Stockholm, Tullvaktsvägen 15.

Register

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