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    Nasdaq Commodities Membership

    Find the membership model best suited to your needs

    Nasdaq Commodities offers a variety of membership types:

    Membership Categories

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    Exchange Member

    An Exchange Member means an entity that has entered into an Exchange Membership Agreement with Nasdaq Oslo ASA. An Exchange Membership requires a Clearing Membership or a Clearing Account with a General Clearing Member (GCM). The member is granted direct access to exchange trading electronically and/or voice. 

    An Exchange Member means an entity that has entered into an Exchange Membership Agreement with Nasdaq Oslo ASA. An Exchange Membership requires a Clearing Membership or a Clearing Account with a General Clearing Member (GCM). The member is granted direct access to exchange trading electronically and/or voice. 

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    Non-Clearing Member

    A Non-Clearing Member (NCM) is an Exchange Member that has entered into a Non-Clearing Membership Agreement with Nasdaq Oslo ASA. A Non-Clearing Membership requires a Clearing Account with a General Clearing Member (GCM). The member is granted direct access to exchange trading electronically and/or voice. 

    A Non-Clearing Member (NCM) is an Exchange Member that has entered into a Non-Clearing Membership Agreement with Nasdaq Oslo ASA. A Non-Clearing Membership requires a Clearing Account with a General Clearing Member (GCM). The member is granted direct access to exchange trading electronically and/or voice. 

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    General Clearing Member

    A General Clearing Member (GCM) is an entity that has been approved by the clearing house for clearing of principal transactions and client transactions on behalf of GCM clients e.g. Non-Clearing Members. Learn more about the GCM Model

    A General Clearing Member (GCM) is an entity that has been approved by the clearing house for clearing of principal transactions and client transactions on behalf of GCM clients e.g. Non-Clearing Members. Learn more about the GCM Model

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    Clearing Member

    A Clearing Member (CM) is an entity that has been approved by the clearing house for clearing of principal transactions. 

    A Clearing Member (CM) is an entity that has been approved by the clearing house for clearing of principal transactions. 

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    Direct Clearing Agent

    A Direct Clearing Agent (DCA) represents Direct Clearing Clients (DCC) in respect of trading. 

    A Direct Clearing Agent (DCA) represents Direct Clearing Clients (DCC) in respect of trading. 

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    Direct Clearing Client

    A Direct Clearing Client (DCC) means an entity that has been approved by the clearing house to have transactions subject to clearing through a Direct Clearing Agent, for registration in a Direct Clearing Account where the Direct Clearing Client is account holder. A Direct Clearing Client is not a member of the exchange, but trades through a Direct Clearing Agent. The Direct Clearing Client gets its own settlement and post collateral by itself.

    A Direct Clearing Client (DCC) means an entity that has been approved by the clearing house to have transactions subject to clearing through a Direct Clearing Agent, for registration in a Direct Clearing Account where the Direct Clearing Client is account holder. A Direct Clearing Client is not a member of the exchange, but trades through a Direct Clearing Agent. The Direct Clearing Client gets its own settlement and post collateral by itself.

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    Block Broker Member

    A Block Broker Member means an entity that has entered into a Block Broker Membership Agreement with Nasdaq Oslo ASA. A Block Broker is an approved Exchange Member authorized to report block trades and EFP/EFS trades to the exchange.

    A Block Broker Member means an entity that has entered into a Block Broker Membership Agreement with Nasdaq Oslo ASA. A Block Broker is an approved Exchange Member authorized to report block trades and EFP/EFS trades to the exchange.

    How to Become a Member

    Nasdaq Commodities has around 250 members from more than 20 countries. The members include energy producers, energy intensive industries, large consumers, distributors, funds, investment companies, banks, brokers, utility companies and financial institutions. By becoming a member, you get access to the trading and clearing services defined for the membership type you have selected. 

    Please contact our sales team for a briefing on our membership application and onboarding process. We are available at salescommodities@nasdaq.com.

    To provide a login for the Nasdaq Commodities application portal we need a signed appointment form. The appointment form will be sent to you by our sales team. 
    The appointment form must be signed by a person authorized to sign for your company. Attach documentation which validates due authorization, plus 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.).
    Send the appointment form with attachments to salescommodities@nasdaq.com.

    Once you have your login you can access the Member Portal where you will be able to submit your membership Application. 

    You will need to attach the following appendices to your application (in English, Swedish, Norwegian or Danish):

    1.    Annual report for the previous 2 years (signed by Auditor)
    2.    Interim Report (if existing)
    3.    Articles of Association
    4.    Copy of the company’s Certificate of Incorporation (max 2 months old)
    5.    Clear description of the ownership structure (if not included in the application or annual report)
    6.    Documentation evidencing due authorization of the signing person(s) to sign on behalf of the relevant legal entity
    7.    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.)
    8.    If GCM or DCA – copy of relevant authorizations that allows applicant to have clients

    Depending on which membership you are applying for, different forms need to be completed in the Member Portal:

    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 going live.

    For conformance test of software used towards Nasdaq, please contact Technical Support to arrange for testing.

    Once your membership application has been processed, you can access your agreement package through the Member Portal. Complete the forms and sign the Member Agreement.

    Send the originals to:

    Nasdaq Vilnius
    Att: Memberships
    Business center K29
    Konstitucijos pr. 29
    LT-08105 Vilnius
    Lithuania

    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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    Nordic Memberships

    nordicmemberships@nasdaq.com

     

    Sales Team

    knut.rabbe@nasdaq.com +47 9322 0800

    anette.nilsen@nasdaq.com +47 9936 0909

    anja.weiss@nasdaq.com +49 17389 86931

    camilla.lennartsson@nasdaq.com +46 73 449 6745

    staffan.friberg@nasdaq.com +46 73 449 6293

    william.barnes@nasdaq.com +47 9015 7306

    Membership Documents

    Related Information

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    Fee List

    Commodities Fee List

    Information about membership fees, fees for technical connectivity, access to market data and for regulatory reporting.

    Information about membership fees, fees for technical connectivity, access to market data and for regulatory reporting.

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    General Clearing Membership

    General Clearing Member Model

    Different option for accessing clearing services at Nasdaq Commodities through a General Clearing Member

    Different option for accessing clearing services at Nasdaq Commodities through a General Clearing Member

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    GCM Contact List

    GCM Contact List

    Get in contact with Nasdaq Commodities' GCM

    Get in contact with Nasdaq Commodities' GCM