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Membership at Nasdaq Commodities

Nasdaq Commodities has over 330 members from more than 15 countries. The members include energy producers, energy intensive industries, large consumers, distributors, funds, investment companies, banks, brokers, utility companies and financial institutions.

Learn more about Nasdaq Commodities »

 

How to Become a Member

All participation on the Nasdaq Commodities is performed through its members. Next follows a step-by-step description on how to obtain a membership and start trading and clearing at Nasdaq Commodities.

 

 Contact us!

Please contact us to learn more about our markets and the membership process. Please find our contact details to the right or send an email to salescommodities@nasdaq.com.

 

 Send in membership form including appendices

Your sales representative will request you to fill in a Membership Form, where you provide information about your company, what kind of membership you prefer and what markets you would like to access. The applicant must provide documentation in English, Swedish, Norwegian or Danish.

Read more about Membership Categories »

Read more about our Markets »

Please attach the following appendices to the application:

  • Annual report for the previous year (if possible) and the last interim report
  • Articles of Association
  • Copy of the company’s Certificate of Incorporation (max 2 months old)
  • Clear description of the ownership structure (if not included in the application or annual report)
  • Documentation evidencing due authorization of the signing person(s) to sign on behalf of the relevant legal entity
  • A list of signatories with signature samples of the signing person(s) and/or copies of official ID of the signing person(s) (passport, national ID etc.)
  • If GCM or CR – copy of relevant authorizations that allows applicant to have clients

 

 Member testing of the Genium INET Trading and Clearing system

Make sure you discuss your market access setup and account structure with your Nasdaq Membership Coordinator. The structure can then be verified in a test environment before go live.
Information about Genium INET testing »

 

 Connectivity and Software

For conformance test of software used towards Nasdaq, please contact Technical Support with team to arrange testing.
Information about Connectivity & Access »


 Member agreements and forms to be completed

Fill in, sign and send documentation to Nasdaq according to the list below. Some documents will be sent to you as an editable version from your Membership Coordinator.

  • Originals should be delivered to:

Nasdaq
Att: Memberships
Tullvaktsvägen 15
SE-105 78 Stockholm
Sweden

#

Agreement/Form (linked)

Mandatory?

Required shape

Required signature

Purpose

1

Exchange Membership Agreement »

for exchange members

Two (2) originals

Authorized signatory

Two party agreement between applicant and Nasdaq Oslo ASA (the Exchange)

2

Clearing Membership Agreement»

for CM or CR

Two (2) originals

Authorized signatory

Two party agreement between applicant and Nasdaq Clearing AB (the Clearing House)

3

General Clearing Membership Agreement»

for GCM

Original with GCM,  scanned copy to Nasdaq

Authorized signatory

Two party agreement between applicant and Nasdaq Clearing AB

4

Non-Clearing Membership Agreement »

for NCM

Three (3) originals

Authorized signatory

Three party agreement between applicant, the General Clearing Member and Nasdaq

5

Clearing Client Agreement»

for CC

Three (3) originals

Authorized signatory

Three party agreement between applicant, the Client Representative 
and Nasdaq

6

Block Broker Membership Agreement»

 

Two (2) originals

Authorized signatory

Two party agreement between applicant and Nasdaq Oslo ASA (the Exchange)

7

Entry form

Yes

Signed and scanned copy

 

Form to specify and request market access

8

Access agreement - TradeGuard

 

Signed and scanned copy

Authorized signatory

Agreement to access Nasdaq TradeGuard service

9

FATCA and CRS Entity Self Certification STAB

for Clearing Members

Signed and scanned copy

Authorized signatory

Information about each account holder’s tax residency and tax classification for the purposes of FATCA and CRS

 

System Access

10

Exchange trader Form

for exchange members

Signed and scanned copy

 

Registration form for authorized traders

11

Authorization Form

for GCM, CM, CR or CC

Signed and scanned copy

Authorized signatory

Provide Contact Areas

12

Clearing Access Form (Request for Access)

for GCM, CM, CR or CC

Signed and scanned copy

 

Request for Clearing Workstation GUI user (CW1 or CW2)

13

Block Broker Appointment Form

 

Signed and scanned copy

Authorized signatory

Appointment of brokers

14

CMS Web Access form (Request for Access)

for GCM, CM, CR or CC

Signed and scanned copy

 

Request for Collateral Management Web GUI admin user

15

Third party access - CMS Web 

 

Signed and scanned copy

 

Applicable if CR will handle CMS for CC

16

Request for access - FIX/FIX Drop

 

Signed and scanned copy

 

Request for FIX ports

17

Request for access - TradeGuard

 

Signed and scanned copy

 

Request for TradeGuard users

18

Member Portal Administrator Appointment Form

for GCM, CM, CR, NCM and BBM

Signed and scanned copy

Authorized signatory

Form to appoint Administrator(s) in accordance with the provisions of the General Terms of Nasdaq Member Portal.

 

Collateral and Default Fund 

19

Default Fund Custody Account Agreement

for GCM, CM, CR or CC

Two (2) originals

Authorized signatory

For the custody account holding member’s posted default fund contribution

20

Collateral Custody Account Agreement

for GCM, CM, CR or CC

Two (2) originals per custody account

Authorized signatory

For the custody account holding member’s posted collateral

21

Collateral SSI form

for GCM, CM, CR or CC

Signed and scanned copy

 

For call back of posted collateral. Same for Collateral and Default Fund, or separate

22

Member Preferences (CMS) 

for GCM, CM, CR or CC

Electronic copy

 

Form to provide member’s preferences regarding base currency, currency for fees and report subscription

 

Settlement 

23

Cash Settlement – Power of Attorney 

for GCM, CM, CR or CC

Original to bank, electronic copy to Nasdaq

Authorized signatory and Settlement Bank

Agreement with Settlement Bank to debit/credit daily settlement. Must be approved by Settlement Bank

24

Registry account notification form for carbon contracts EUA

 

Electronic copy

 

Delivery instructions for EUA deliveries, for GCM, CM, CR or CC

25

Registry account notification form for El Cert contracts

 

Electronic copy

 

Delivery instructions for El Cert deliveries, for GCM, CM, CR or CC

 

 

 Get confirmation and start trading and clearing at Nasdaq!

Trading and clearing can start when all agreements and forms have been approved by Nasdaq, technical access has been established and a start date has been agreed.

 

 

 

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