Norway

    Nasdaq Norwegian Derivatives

    Industry-leading trading and clearing for Nordic derivatives

    2025, a Record Year in Norwegian Single Stock Options

    Nasdaq's stock options set new benchmarks in Norway with the highest Open Interest in over 5 years (+11% YoY) and all-time high Yearly Traded Contracts (+32% YoY) - strengthening Nasdaq's position as the leading venue for Norwegian Single Stock Options.

    Keep all your Nordic derivatives activity in one place and with one trusted partner

     

    As a globally recognized leader with a strong Nordic presence, Nasdaq is committed to grow the Norwegian derivatives market together with market participants.

    Our offering features high liquidity and transparency across Norwegian stock options and futures, index options, and futures – as well as unique instruments such as stock forwards, stock weekly options, dividend neutral gross return futures/forwards and flexible contracts.

    Download our product brochure

     

    Trade the full breadth of Norwegian derivatives confidently and efficiently

    Centralize your trading activity, reduce operational overhead, and benefit from superior liquidity

    Options on the Norwegian Index OMX020

    • European call and put options contracts with cash settlement
    • Cash settlement on the expiration day based on the index fix value
    • European call and put options contracts with cash settlement
    • Cash settlement on the expiration day based on the index fix value

    Futures on the Norwegian Index OMX020

    • Futures contracts with daily cash settlement
    • Cash settlement on the expiration day based on the index fix value
    • Contract size: Index value * NOK 100
    • Futures contracts with daily cash settlement
    • Cash settlement on the expiration day based on the index fix value
    • Contract size: Index value * NOK 100

    Options on Norwegian shares

     

    • American call and put options contracts with physical delivery
    • One hundred shares per contract

     

    • American call and put options contracts with physical delivery
    • One hundred shares per contract

    Weekly Options on Norwegian shares

     

    • American call and put options contracts with physical delivery
    • One hundred shares per contract
    • Expiration each Friday except third Friday of month

     

    • American call and put options contracts with physical delivery
    • One hundred shares per contract
    • Expiration each Friday except third Friday of month

    Forwards On Norwegian Shares

     

    • Forward contracts with delivery of the underlying stock
    • One hundred shares per contract

     

    • Forward contracts with delivery of the underlying stock
    • One hundred shares per contract

    Futures on Norwegian shares – cash settled

    • Futures contracts with daily cash settlement
    • Cash settlement on the expiration day based on the official closing price of the relevant share
    • One hundred shares per contract 
    • Futures contracts with daily cash settlement
    • Cash settlement on the expiration day based on the official closing price of the relevant share
    • One hundred shares per contract 

    Futures on Norwegian shares – Physically settled

    • Futures contracts with daily cash settlement and delivery on expiration
    • One hundred shares per contract
    • Futures contracts with daily cash settlement and delivery on expiration
    • One hundred shares per contract

    Gross Return Forwards and cash/physically settled Futures on Norwegian shares

    • Same characteristics as for equivalent Forwards and Futures (cash/physically settled)
    • Gross Return Forwards and Futures (cash/physically settled) contracts are adjusted for all dividends paid
    • Same characteristics as for equivalent Forwards and Futures (cash/physically settled)
    • Gross Return Forwards and Futures (cash/physically settled) contracts are adjusted for all dividends paid

    Key Benefits

    Full Nordic scope

    Access cash settled and physical delivery futures, stock options, forwards, and indexes.

    A partner you can trust

    Get support and training; give continuous feedback through our customer council.

    Increase operational efficiency

    Reduce costs and complexity by consolidating all your Nordic trading and clearing activity.

    Large liquidity pool

    Nasdaq’s strong presence in the Nordics ensures a liquid and active market with effective price discovery mechanisms.

    Simplify compliance and reporting

    Streamline regulation, documentation, and reporting requirements by consolidating your activity.

    A global leader

    Build trust with customers and futureproof your business by leveraging our proven technology and expertise.

    Frequently Asked Questions

    The OMX Oslo 20 Gross Index (OMXO20GI) is Nasdaq's tradable Norwegian index and consists of 20 blue chip Norwegian stocks. The index captures 75% of the free float adjusted market value of the index universe, resulting in a high correlation with the underlying market.

    In addition to ongoing customer support, we offer a broad range of educational resources to help you grow your derivatives practice – including the Nasdaq Derivatives Academy – as well as access to the Exchange Broker Desk.

    Yes. Our world-class technology center is headquartered in Stockholm, with additional European offices in Oslo, Helsinki, Copenhagen, Vilnius and London. Nasdaq Clearing AB is governed by Swedish law and is the only Nordic EMIR-authorized CCP.

    Members trading Swedish derivatives at Nasdaq can consolidate their Nordic flow to Nasdaq and one CCP by reusing existing infrastructure for Norwegian derivatives with no extra technical setup or cost.

    The most cost-effective access to Norwegian index exposure

    Spotlight on Nasdaq Oslo 20 Index Futures

    If you have Norwegian exposure, Nasdaq Oslo 20 Index Futures are a powerful alternative for hedging and cash optimization. 

    Nasdaq Oslo 20 Index Futures are based on the Nasdaq OMXO20 index which consists of the 20 largest capitalized Norwegian companies, offering transparency and liquidity for a unique market.

    Three reasons to look into Nasdaq Oslo 20 Index Futures:

    Low marginal costs

    Save 36.5% on fees for electronically matched trades*.

    Best liquidity. Better spread

    More orderbook trading. Tighter BBO spread and lower volatility.

    Wider participation

    From private investors and institutional clients to market makers.

    Get in touch

    Contact Us

    Find the best way to simplify your derivatives trading and clearing with Nasdaq. Submit an inquiry below to schedule a quick chat with one of our experts.

    Related Solutions

    Nasdaq Exchange Brokers

    Nasdaq Exchange Brokers

    Nasdaq Exchange Brokers provides a tailored manual trading system for market participants in the Nordic region.

    EDUCATION

    Nasdaq Derivatives Academy

    Take your derivatives knowledge to the next level with Nasdaq Derivatives Academy's online courses.

    CLEARING

    Nasdaq CCP Clearing house

    Nasdaq Clearing has a unique offering of clearing across multiple asset classes, available to international and regional members and investors.

     

    *Fee comparison between Euronext OBX and Nasdaq O20 as of November 2024.