Commodities Trading & Clearing Discontinued
As of 30 April 2026, Nasdaq Oslo ASA and Nasdaq Clearing AB have ceased trading and clearing services related to the commodities market. For more information, please contact our teams.
Market Data - DataEurope@nasdaq.com
Clearing related - clearing@nasdaq.com
Membership related - NordicMemberships@nasdaq.com
Power Options Exercise
On the option exercise day, a fixing price is set at 11:55am-12pm CET based on the trades (random snapshot) in the underlying contracts. As soon as the prices are calculated they will be published, with the attached "Final Option Exercise list", through an operational message. The list shows which strikes are automatically exercised based on the option fixing price unless the option holders protect themselves from automatic exercise or choose to alter the manual exercise.
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On the option exercise day, a fixing price is set at 11:55am-12pm CET based on the trades (random snapshot) in the underlying contracts. As soon as the prices are calculated they will be published, with the attached "Final Option Exercise list", through an operational message. The list shows which strikes are automatically exercised based on the option fixing price unless the option holders protect themselves from automatic exercise or choose to alter the manual exercise.
Standard exercise for call options will be invoked where the difference between the exercise price and the option fix is equal to or higher than EUR 0.05. Standard exercise for put options will be invoked where the difference between the exercise price and the option fix is equal to or higher than EUR 0.05.
Manual exercise instructions or reservations against standard exercise from the option holder must be received and confirmed by the clearinghouse prior to the option exercise time.
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Standard exercise for call options will be invoked where the difference between the exercise price and the option fix is equal to or higher than EUR 0.05. Standard exercise for put options will be invoked where the difference between the exercise price and the option fix is equal to or higher than EUR 0.05.
Manual exercise instructions or reservations against standard exercise from the option holder must be received and confirmed by the clearinghouse prior to the option exercise time.
Retraction Form
If an automatic exercise reservation or manual exercise request is incorrect and the buyer wants no action to be taken based on the form, Nasdaq must be notified. In this case, return the incorrect original form to Nasdaq and include the text "We hereby confirm the retraction of this form" along with a signature. This retraction form must be sent within the time limit stated above.
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If an automatic exercise reservation or manual exercise request is incorrect and the buyer wants no action to be taken based on the form, Nasdaq must be notified. In this case, return the incorrect original form to Nasdaq and include the text "We hereby confirm the retraction of this form" along with a signature. This retraction form must be sent within the time limit stated above.
Portfolio Transfer
If you change to another clearing agent, make arrangements for your current portfolio and historical transactions to be transferred to your new account. Follow the steps described below.
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- Sign new direct clearing client agreement.
- Terminate previous direct clearing client agreement with clearinghouse.
- Confirmation of date to perform transfer from previous direct clearing agent (DCA).
- No three-party agreement for transaction transfer.
Transfer fee: No additional transaction transfer fees.
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- Sign new entry form
- Three-party agreement for transaction transfer must be signed by current and new GCM.
Transfer fee: Administrative transaction transfer fee (as specified in Fee List – Trading/Clearing Appendix 7).
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- Three-party agreement for transaction transfer must be signed.
Transfer fee: Administrative transaction transfer fee (as specified in Fee List – Trading/Clearing Appendix 7).
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- No three-party agreement for transaction transfer.
Portfolio Transfer Documentation
Nasdaq Clearing must receive three copies of the agreements with original signature. A scanned PDF version will be accepted, but Nasdaq must also receive the originals within two weeks. If the originals are not received, the contracts will be transferred back to the original clearing portfolio.
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Nasdaq Clearing must receive three copies of the agreements with original signature. A scanned PDF version will be accepted, but Nasdaq must also receive the originals within two weeks. If the originals are not received, the contracts will be transferred back to the original clearing portfolio.
Nasdaq Clearing will prepare a three-party agreement for the portfolio transfer. To set it up correctly, we need:
- The name of the clearing portfolio for the new and old counterparties
- Detailed information as to which trades/position shall be transferred
The cascading process may change the original trade.
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Nasdaq Clearing will prepare a three-party agreement for the portfolio transfer. To set it up correctly, we need:
- The name of the clearing portfolio for the new and old counterparties
- Detailed information as to which trades/position shall be transferred
The cascading process may change the original trade.
Estimated Time for Portfolio Transfer
Normally, Nasdaq requires at least one month's notice ahead of the planned transfer date. Please note that a change of direct clearing agent may take up to three months.
On trading days, when cascading year and quarter contracts, we cannot perform portfolio transfers. This means that no transaction transfers can take place on the last trading day in every quarter (the last trading days in March, June, September and last three trading days in December.)
Refer to the product calendar below for more details.
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Normally, Nasdaq requires at least one month's notice ahead of the planned transfer date. Please note that a change of direct clearing agent may take up to three months.
On trading days, when cascading year and quarter contracts, we cannot perform portfolio transfers. This means that no transaction transfers can take place on the last trading day in every quarter (the last trading days in March, June, September and last three trading days in December.)
Refer to the product calendar below for more details.
Contact Us
Support
Clearing Operations (8am-7:25pm CET)
+46 8 405 6880
Member & Account Configuration (8am-6pm CET)
Product Management (9am-5:30pm CET)
Risk Management (9am-3:30pm CET)
+47 6 710 8426
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Clearing Operations (8am-7:25pm CET)
+46 8 405 6880
Member & Account Configuration (8am-6pm CET)
Product Management (9am-5:30pm CET)
Risk Management (9am-3:30pm CET)
+47 6 710 8426
Resource Center
Related Clearing Information
Nasdaq Clearing
Cleared Markets
Central counterparty clearing for the equity derivatives, index, fixed income and commodities markets.
Nasdaq Commodities Contacts
Contact Nasdaq Commodities
Contact information for our various teams and support units.