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Annual Exchange Fees

Contract Type Combined Fee
All exchange listed contract types combined EUR 15 000
Nordic Power, European Energy*, UK Energy** and El-Cert combined EUR 13 500

Contract Type Individual Fee
European Energy* , UK Energy**, El-Cert, Allowance Contracts,
Freight and Fuel Oil Contracts and Ferrous Contracts individually
EUR 1 500

* European Energy includes EUR Contracts for German, Dutch, French, Italian and Spanish Power and Natural Gas, Belgian Power and Renewables. Excluding Nordic Power Contracts. 

** UK Energy includes GBP Contracts for UK Power Contracts and UK and Belgian Gas

Annual Clearing Fees

Contract Type CM/DCC GCM
Nordic Power, European Energy*, UK Energy**, El-Cert and Seafood Contracts combined EUR 12 500 EUR 25 000
Allowance Contracts individually EUR 1 500 EUR 3 000
Seafood Contracts individually NOK 50 000 EUR 25 000
European Energy*, UK Energy** Electricity Certificates, Freight and Fuel Oil Contracts, Ferrous Contracts individually Free of charge Free of charge

* European Energy includes EUR Contracts for German, Dutch, French, Italian and Spanish Power and Natural Gas, Belgian Power and Renewables. Excluding Nordic Power Contracts. 

** UK Energy includes GBP Contracts for UK Power Contracts and UK and Belgian Gas 

CM = Clearing Member 

DCC= Direct Clearing Client 

GCM = General Clearing Member


Variable Fees

Nordic Power - EUR

Trading fee
Nordic Power Contracts  
Futures and DS Futures 0.0045 EUR/MWh
Options

0.0045 EUR/MWh 

Max fee per transaction = 10 % of Option Premium

Variable exchange trading fee: No variable Exchange Trading fee applies to the Contract Base when exercised in accordance with the Clearing Rules. Variable Clearing fees (discounted) will apply to Clearing of the Contract Base upon Option Exercise. 

Delta hedge discount: An Exchange Transaction entailing a delta hedge in an Option Contract, i.e. an Option Contract and its Contract Base in the same Exchange Transaction, has no Trading fee for the Contract Base provided that (i) the Option and delta trades are conducted simultaneously and (ii) MTS is notified before or within ten (10) minutes from Contract Time. The discount is only available when establishing an initial position. 

Option strategy discount: Exchange Transactions consisting of two or more Option Contracts with the same Contract Base traded simultaneously receives a fee discount of 50 % of the trading fees that would normally apply to that Exchange Transaction. If the relevant Exchange Transaction also includes a delta trade, the delta hedging discount applies additionally.

Clearing Fee
Cleared Volume in most recent Quarter Futures and DS Futures
0-3 TWh 0.0099 EUR/MWh
3-8 TWh 0.0088 EUR/MWh
8-15 TWh 0.0076 EUR/MWh
15-25 TWh 0.0059 EUR/MWh
25-50 TWh 0.0048 EUR/MWh
>50 TWh 0.0041 EUR/MWh

Small Clearing Customer Fee – The fixed volume fee for Small Clearing Customers will be changed to 0.0175 EUR/MWh.
Nordic Options Premium Clearing Fee  
Option Contracts

0.5 %

Max fee = 0.0045 EUR/MWh


European energy - EUR

Trading and Clearing Fees - ETS/MTS, European Energy
Contract type   Trading fee Clearing fee
European Power Contracts Futures, DS Futures and
Monthly DS Futures
0.0045 EUR/MWh 0.0045 EUR/MWh
Options *

0.0045 EUR/MWh

Max fee per transaction = 10 % of Option Premium

0.5 %

Max fee = 0.0045 EUR/MWh

European Gas Contracts Monthly DS Futures 0.0045 EUR/MWh 0.0025 EUR/MWh

Block Trades, Combined Trading and Clearing Fee, European Energy - EUR
Contract type    
European Power Contracts Futures, DS Futures and
Monthly DS Futures
0.0045 EUR/MWh
Options *

0.0045 EUR/MWh

Max fee per transaction = 10 % of Option Premium
European Gas Contracts Monthly DS Futures 0.0025 EUR/MWh

* Variable exchange trading fee: No variable Exchange Trading fee applies to the Contract Base when exercised in accordance with the Clearing Rules. Variable Clearing fees (discounted) will apply to Clearing of the Contract Base upon Option Exercise. 

Delta hedge discount: An Exchange Transaction entailing a delta hedge in an Option Contract, i.e. an Option Contract and its Contract Base in the same Exchange Transaction, has no Trading fee for the Contract Base provided that (i) the Option and delta trades are conducted simultaneously and (ii) MTS is notified before or within ten (10) minutes from Contract Time. The discount is only available when establishing an initial position. 

Option strategy discount: Exchange Transactions consisting of two or more Option Contracts with the same Contract Base traded simultaneously receives a fee discount of 50 % of the trading fees that would normally apply to that Exchange Transaction. If the relevant Exchange Transaction also includes a delta trade, the delta hedging discount applies additionally.


UK Energy, GBP

Trading and Clearing Fees
Contract Type/Futures and Monthly DS futures Block Trades, combined Trading and Clearing Fee ETS/MTS Transactions, Trading Fee ETS/MTS Transactions, Clearing Fee
UK Power 0.0025 GBP/MWh 0.0030 GBP/MWh 0.0025 GBP/MWh
UK Natural Gas
NBP and Zeebrugge
0.0015 GBPence/therm 0.0030 GBPence/therm 0.0015 GBPence/therm

Electricity Certificates

Trading & Clearing fees
SEK Electricity Certificates Futures and DS Futures
Trading Fee 0.10 SEK/El-Cert
Clearing Fee 0.15 SEK/El-cert

Allowance Contracts

Combined Trading and Clearing fee
Allowance contracts Futures Options
EUAs 0.003 EUR/&tCO2 0.003 EUR/tCO2

Freight and Fuel Oil

Block Trades - Combined Trading and Clearing Fee
  Product Futures Options
Tanker Freight TC2, TC5, TC6, TC7, TC9, TC12, TC14, TC15, MRA 3 USD/lot 3 USD/lot
TD3, TD7, TD8, TD20 3 USD/lot 3 USD/lot
LPG1 3 USD/lot 3 USD/lot
Dry Freight CS4TC, CS5TC, PM4TC, SM6TC, SM10TC, HS6TC 4 USD/lot 4 USD/lot
C3, C4, C5, C7 3 USD/lot 3 USD/lot
P1A, P2A, P3A 3 USD/lot 3 USD/lot

Spread and Option strategy discount: For members Trading and Clearing spreads and Option strategies a rebate of 50 % of the total fee is given. To receive the strategy/spread rebate, the trades have to be reported as a strategy or spread. 

Full Size discount: For members Trading and Clearing full size calendars, half-year and quarterly Contracts, a rebate of 50 % of the total fee per trade is given. 

  • Full size calendars: volume per trade > 360 lots
  • Full size half-year: volume per trade > 180 lots 
  • Full size quarters: volume per trade > 90 lots

Monthly Volume Discount on Dry Freight Futures, per Clearing Portfolio:
Discounts above the threshold Monthly Volume
0 - 1000 lots N/A
1001 - 2000 lots 20 %
Above 2000 lots 40 %

Fuel Oil Futures
RDM35FOSS,
SPO180FOSS, SPO380FOSS,
MED35FOSS
0.03 USD/lot

Spread discount: For members Trading and Clearing spreads and Option strategies a rebate of 50 % of the total fee is given. To receive the strategy/spread rebate, the trades have to be reported as a strategy or spread.


Seafood Contracts

Clearing Fee
Membership Category Futures
Clearing Members (CM) 0.0805 NOK/kg

General Clearing Members (GCM) 

and Clearing Members registering Clearing Transactions on behalf of its Clients, 

or Clearing Members holding a Financial Institution Agreement with the Third Party Exchange

0.60 NOK/kg

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