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Rules

Exchange Rules

Trading at NOREXECO is regulated by the rulebook of NOREXECO. The rulebook defines the membership criteria, product definitions, trading rules, risk controls, error handling and complaints procedure. Changes in the rulebook or appendices to the rulebook are published via Rulebook Notices on this web site and by e-mail to the Responsible person at all Trading Members.

The Rulebook with appendices

Valid from 01 June 2021

The Rulebook

Appendix 1 – Product Specification and Trading Schedule

Appendix 2 – The Indices

Appendix 3 – Fee List

Appendix 4 – Electronic Trading System (ETS) – Agreement for ETS

Appendix 5 – Market Conduct Rules

Appendix 7 – Final settlement and daily settlement prices

Appendix 8 – Membership Requirements

Appendix 9 – Trade Membership Agreement

Appendix 10 – Definitions and abbreviations

Appendix 11 – Code of Conduct

Exchange Notices

EXCHANGE NOTICE 2-2024 – Changes to the Rulebook (Valid from 01 January 2025)

Rulebook 4.2 rev marks
Rulebook 4.2 clean

EXCHANGE NOTICE 1-2024 – Change of fees 15 April 2024

EXCHANGE NOTICE 2-2021 – Listing of the two new products commence today Tuesday 01 June 2021:

NOREXECO BHKP China net Pulp Futures – start trading 01 June
NOREXECO NBSK CIF Chinai Pulp Futures – start trading 01 June

EXCHANGE NOTICE 1-2021 – Introduction of two new products:

NOREXECO BHKP China net Pulp Futures – start trading 01 June
NOREXECO NBSK CIF Chinai Pulp Futures – start trading 01 June

EXCHANGE NOTICE 1-2020 – Introduction of two new products:

NOREXECO Shanghai Pulp Futures – start trading 21 September, subject to regulatory approval by China Securities Regulatory Commission (CSRC).
NOREXECO Recycled Paper Futures – start trading 06 October

Effective date: 21 September 2020

EXHANGE NOTICE 2-2019

Change of Last Trading day and Expiration of the BHKP and NBSK December_19 contracts
Change of First Trading day of the June_20 contracts

EXCHANGE NOTICE 1-2019 – Change in the Appendices 01 and 02

Introduction of new product: Financial futures on Recovered paper
Clarifying volume tick size of 100 MT
Clarifying MiFID II Commodity Position Reporting lot size for the purpose of position: 100 MT

EXCHANGE NOTICE 1-2018

EXCHANGE NOTICE 1-2017 – Change in the Rulebook and Appendix 11

EXCHANGE NOTICE 2-2017 – Change in the Appendix 1 – opening hours

EXCHANGE NOTICE 3-2017 – Change in the Rulebook and appendices in relation to implementation of MiFID II and MIFIR on 3 January 2018