English
Published: 2014-10-10 13:53:03 CEST
Nasdaq Commodities
Exchange and Clearing Information

no 83/14 CACEIS Bank France joins Nasdaq Commodities as General Clearing Member

Nasdaq Commodities welcomes CACEIS Bank France as a new General Clearing Member (GCM).

As of September 30, 2014, CACEIS Bank France is entitled to clear Seafood contracts via their financial membership as well as for other listed derivatives on financial products with Nasdaq OMX Clearing AB.

Hubert Montcoudiol, Member of the Executive Committee of CACEIS, said: “This membership is an important step in the ongoing development of CACEIS Execution and Clearing services in Europe. With this new access to the traditional futures and options markets of Northern Europe, CACEIS strengthens its listed derivatives offer and now services its clients through a direct link to all major European markets."

"As a company of Credit Agricole Group, the historic banking leader in agriculture and agrifood and the first retail bank in France, CACEIS is committed to support the development of commodity derivatives in Europe. Through its global Prime Fund Solutions offer, CACEIS in France is now connected to 60 markets in listed derivatives and provides a comprehensive Execution and Clearing platform.”

Bjørn Sibbern, Global Head of Nasdaq Commodities, said: “As we continue to develop our presence in Europe, we are very pleased to expand our list of GCMs for Seafood. CACEIS’ commitment in the commodity sector will give further participants access to our clearing portfolio. We look forward to working together to bring additional liquidity at a time of exciting development for Nasdaq in the commodities space.”


For further information, please contact Nasdaq Commodities:
Morten Refsdal, Sales Executive Commodities, phone +47 67 10 84 16/+47 930 84 425, morten.refsdal@nasdaq.com
 

Media contact:
Sara Aadnesen, Director Corporate Communications, phone +47 9060 0759, sara.aadnesen@nasdaq.com

 

About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to more than 3,400 listed companies with a market value of over $8.5 trillion and more than 10,000 corporate clients. To learn more, visit www.nasdaqomx.com.

About Nasdaq Commodities
Nasdaq Commodities is the brand name for the NASDAQ OMX Group’s worldwide suite of commodity related products and services. The Nasdaq Commodities offerings include power, natural gas and carbon emission markets, tanker and dry cargo freight, fuel oil, seafood derivatives, iron ore, electricity certificates and clearing services.

NASDAQ OMX Oslo ASA is the commodity derivatives exchange authorized by the Norwegian Ministry of Finance and supervised by the Norwegian Financial Supervisory Authority. All trades with NASDAQ OMX Oslo ASA are subject to clearing with Nasdaq Clearing.

About Nasdaq Clearing
Nasdaq Clearing is the trade name of NASDAQ OMX Clearing AB which is authorized and supervised as a multi-asset clearinghouse by the Swedish Financial Supervisory Authority in Sweden as well as authorized to conduct clearing operation in Norway by the Norwegian Ministry of Finance.


For more information, visit www.nasdaqomx.com/commodities

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