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Nasdaq Commodities has over 300 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.

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.

1. 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.

2. Send in Membership Form including Appendices

Fill in the below Membership application form and send in together with appendices:

Read more about Membership Categories

Read more about our Markets

Please attach the following appendices to the application:

  • Annual report for the previous 2 years (signed by Auditor)
  • Interim Report (if existing)
  • 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 DCA – copy of relevant authorizations that allows applicant to have clients

3. 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

4. Connectivity and Software

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

Information about Connectivity & Access

5. Member agreements and forms to be completed

Fill in, sign and send documentation to Nasdaq

  • Originals should be delivered to:

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

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Agreement/Form
Mandatory
Required shape
Required Signature
Purpose
1
Exchange Membership Agreementfor exchange membersTwo (2) originalsAuthorized signatoryTwo party agreement between applicant and Nasdaq Oslo ASA (the Exchange)
2
Clearing Membership Agreementfor DCM or DCATwo (2) originalsAuthorized signatoryTwo party agreement between applicant and Nasdaq Clearing AB (the Clearing House)
3General ClearingMembership Agreementfor GCMOriginal with GCM, scanned copy to NasdaqAuthorized signatoryTwo party agreement between applicant and Nasdaq Clearing AB
4Non-Clearing Membership Agreement
for NCMThree (3) originalsAuthorized signatoryThree party agreement between applicant, the General Clearing Member and Nasdaq
5Direct Clearing Client Agreement
for DCC
Three (3) originalsAuthorized signatoryThree party agreement between applicant, the Direct Client Agent Client and Nasdaq
6Block Broker Membership Agreement

Two (2) originalsAuthorized signatoryTwo party agreement between applicant and Nasdaq Oslo ASA (the Exchange)
7Entry Form
Yes
Signed and scanned copy

Form to specify and request market access
8Access Agreement - TradeGuard

Signed and scanned copy
Authorized signatoryAgreement to access Nasdaq TradeGuard service

System Access

10
Exchange Trader Form
for exchange members
Signed and scanned copy

Registration form for authorized traders
11
Authorization Form
for GCM, DCM, DCA or DCC
Signed and scanned copy
Authorized signatory
Provide Contact Areas
12
Clearing Access Form (Request for Access)
for GCM, DCM, DCA or DCC
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, DCM, DCA or DCC
Signed and scanned copy

Request for Collateral Management Web GUI admin user
15
Third party access - CMS Web

Signed and scanned copy

Applicable if DCA will handle CMS for DCC
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, DCM, DCA, NCM and BBM
Signed and scanned copyAuthorized signatory
Form to appoint Administrator(s) in accordance with the provisions of the General Terms of Nasdaq Member Portal

Collateral and Default Fund

19Default Fund Custody Account Agreementfor GCM, DCM, DCA or DCC
Two (2) originalsAuthorized signatoryFor the custody account holding member’s posted default fund contribution
20Collateral Custody Account Agreementfor GCM, DCM, DCA or DCCTwo (2) originals per custody accountAuthorized signatoryFor the custody account holding member’s posted collateral
21Collateral SSI formfor GCM, DCM, DCA or DCCSigned and scanned copy
For call back of posted collateral. Same for Collateral and Default Fund, or separate
22Member Preferences (CMS)for GCM, DCM, DCA or DCCElectronic copy
Form to provide member’s preferences regarding base currency, currency for fees and report subscription

Settlement

23Cash Settlement – Power of Attorneyfor GCM, DCM, DCA or DCCOriginal to bank, electronic copy to NasdaqAuthorized signatory and Settlement BankAgreement with Settlement Bank to debit/credit daily settlement. Must be approved by Settlement Bank
26Registry account notification form for carbon contracts EUAfor GCM, DCM and DCCElectronic copy
Delivery instructions for EUA deliveries
27Registry account notification form for El Cert contractsfor GCM, DCM and DCCElectronic copy
Delivery instructions for El Cert deliveries

6. 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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