Nasdaq OMX has completed the integration of NOS Clearing ASA into Nasdaq OMX Clearing AB, the exchange group announced today.
NOS Clearing, based in Norway, is a leading commodities clearer for tanker and dry cargo freight, iron ore, seafood derivatives, fuel oil and electricity certificates. Nasdaq has also introduced its Block Trade Facility for additional commodities instruments as part of the integration.
"We are delighted that we have reached this milestone," says Bjørn Sibbern, head of NASDAQ OMX Commodities. "The product set fits perfectly with our strategy to expand our presence in the global commodities and energy space, considering that freight is a key part of the energy supply chain. Additionally we are including seafood derivatives to our product mix. We are pleased to be able to bring our global customer base a comprehensive clearing platform for commodities."
While at Sibos Toronto, James shares some interviews covering topics on blockchain, fintechs and cybersecurity.Subscribe to Weekly Wrap emails