Exchange Trader Authorization on NASDAQ OMX Nordic
NASDAQ OMX authorize future stockbrokers and back-office staff in Nordic Exchange’s trading system for the cash equity and derivatives markets. To get access to the fixed income cash market you must have documented knowledge of the NASDAQ OMX trading rules and market model.
Authorization for the Nordic cash equity market is carried out in the trading system that is called INET™. For those of you trading on the derivatives market, competence is required in the trading system CLICK™. NASDAQ OMX offer a course in SECUR™ for back office-users.
Below you'll find instructions how to get authorization for different products
NASDAQ OMX changed the Cash Trader Authorization procedure in Nordic Markets on February 8th 2010. Traders applying access to the INET Trading System need to pass an electeronic test organized be NASDAQ OMX. This e-test can be accessed everywhere over the Web.
The E-test consists of 20 questions, which 75% must be right to pass the test. Time to do the test is limited to 1 hour and student has only one attempt free of charge.
The reading material to the e-test is found in the NASDAQ OMX Learning platform where the test is located as well. Trader candidates can enroll to the e-test by sending an e-mail to financialtraining@nasdaqomx.com
Description
Passing the e-test gives to student the authorization to trade Cash on the NASDAQ OMX Nordic’s INET Trading System.
Content
Understanding how trading takes place and functions in INET, Trading rules and regulations, reporting guidelines and the role of market supervision
Prerequisites
No previous knowledge is required.
Target group
Future cash brokers
Enrolment to the e-test
Please e-mail your name, company name and invoicing address to financialtraining@nasdaqomx.com for enrolment.
To sit the exam:
• You will receive a link and a log-in name and password.
• You will be advised to read through the material pointed out in the first page after the log-in
Please note:
• You can do the test only once free of charge
• You have one hour to complete and submit the test
• You need to have 75% of maximum points to pass the test
• There’s only one correct alternative per question
• NASDAQ OMX will contact you via email regarding your test result
If you feel that teaching concerning the material is needed, please be advised that NASDAQ OMX Nordic organizes instructor-led courses to cover the reading material content. Courses are run only on request. Should you have any questions regarding /require more information on these courses, please do not hesitate to contact us at financialtraining@nasdaqomx.com.
NASDAQ OMX changed the Derivatives Trader Authorization procedure in Nordic Markets on January 1st 2010. Participation in the CLICK -Authorization course is no-longer mandatory. Traders can have trader rights to the Trading System by completing and passing an electeronic test, which can be accessed everywhere over the Web.
The E-test consists of 20 questions, which 75% must be right to pass the test. Time to do the test is limited to 1 hour and student has only one attempt free of charge.
The reading material to the e-test is found in the NASDAQ OMX Learning platform where the test is located as well. Trader candidates can enroll to the e-test by sending an e-mail to financialtraining@nasdaqomx.com
Description
Passing the e-test gives to student the authorization to trade derivatives on the NASDAQ OMX Nordic’s CLICK Trading System.
Content
Understanding how derivatives trading takes place and functions in CLICK, basics on the role and functions of clearing, schedules for different clearing-related events, trading and reporting rules, valuation of options, improper influence of prices and the role of market supervision.
Prerequisites
No previous knowledge is required.
Target group
future derivatives brokers
Enrolment to the e-test
Please e-mail your name, company name and invoicing address to financialtraining@nasdaqomx.com for enrolment.
To sit the exam:
• You will receive a link and a log-in name and password.
• You will be advised to read through the material pointed out in the first page after the log-in
Please note:
• You can do the test only once free of charge
• You have one hour to complete and submit the test
• You need to have 75% of maximum points to pass the test
• There’s only one correct alternative per question
• NASDAQ OMX will contact you via email regarding your test result
If you feel that teaching concerning the material is needed, please be advised that NASDAQ OMX Nordic organizes instructor-led courses to cover the reading material content. Courses are run only on request. Should you have any questions regarding /require more information on these courses, please do not hesitate to contact us at financialtraining@nasdaqomx.com.
The SECUR authorization course is mandatory for those who will have access to the SECUR back-office system. The SECUR-course is a one-day (09:00-18:00) course.
The course fee is 4 250 SEK. The SECUR authorization course is currently held only in Stockholm and is held in English. You can register to the course by clicking the link below:
Register here to SECUR Stockholm (English)
SECUR course days for 2010:
Mar 16
Apr 20
Jun 1
Sep 7
Oct 12
Nov 23
Authorization of fixed income traders requires the traders to read the trading rules and a market model document supplied by NASDAQ OMX. The trader and her/his company are required to sign an application form stating the trader has read and understood the rules and market model. Fixed Income Market Model (Only Danish markets) Fixed Income Trading Rules (Choose your location for local rules) The application form can be found in the right column on this webpage.
Genaral terms and conditions
Registrations
We will confirm your booking as soon as a spot in the course is available. If the course is full, NASDAQ OMX will inform you as soon as possible and suggest another date from our regular course schedule.
Terms of payment
The full course fee is payable after the start of the course. By submitting your application, you accept all terms and conditions outlined in the registration form in full.
Cancellation
Registration for courses is binding. For cancellation, there is no charge if we receive more than 14 days' notice. There is no refund for cancellation less than 14 days before to the start of a course.
NASDAQ OMX reserves the right to cancel or reschedule courses with short notice.
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