Exchange Trader Authorization on NASDAQ OMX Nordic
NASDAQ OMX authorize future stock- and derivatives brokers in Nordic Exchange’s trading system for the cash equity (INET), derivatives and Commodities markets (Genium INET). Traders applying access to the INET and Genium INET Trading System need to pass an electronic test organized by NASDAQ OMX. This e-test can be accessed everywhere and anytime over the Web. Passing the INET e-test gives the cash trader understanding how trading takes place in NASDAQ OMX Nordic Cash market. The trader familiarize with the functions in INET Trading System, Trading rules and regulations, reporting guidelines and the role of market supervision. No previous knowledge is required to do the e-test. Passing the Genium INET e-test gives the derivatives trader understanding how trading takes place in NASDAQ OMX Nordic Derivatives market. The trader familiarize with the functions in Genium INET Trading System, 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. Please note that the test only applies to Derivative Market members wanting to trade commodities. It does not apply to Commodities members. Passing the e-test gives authorization to the Trader to trade Commodites on the NASDAQ OMX Nordic’s GENIUM INET Trading System. Under the Rules and Regulations of NASDAQ OMX Derivatives Markets the member is responsible for ensuring that all personnel that have access to the Clearing System (i) have studied and understood the Back Office self-study material provided by the Exchange, (ii) possess knowledge of the Clearing System, including any application used to access it, and (iii) promptly take part of any updated Back Office self-study material provided by the Exchange. Furthermore the personnel shall possess general knowledge of the derivative products of NASDAQ OMX Stockholm. Please see sections 2.2 and 3.2 in the Rules and Regulations. Please find the Back Office self-study material via the link below. The documents NASDAQ OMX as Counterparty and Report Manual are not a part of the mandatory self-study material but are recommended readings as well. Back Office self-study material The Clearing Workstation course in Stockholm is no longer held on a regular basis. However, if you are interested in participating in an on demand Clearing Workstation course or have any other questions regarding Back Office authorization please click here to send us an email. 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) The application form can be found in the right column on this webpage. If the trader feels that teaching concerning the material is needed, NASDAQ OMX Nordic organizes instructor-led courses to cover the reading material content. Courses are run only on request basis. Please do not hesitate to contact NASDAQ OMX regarding further information at financialtraining@nasdaqomx.com |
Member Contacts
Authorization
Teemu Mörsky
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