Exchange Rulebook and Notices
Trading at NOREXECO is regulated by the NOREXECO rulebook. The rulebook defines membership criteria, product definitions, trading rules, risk controls, error handling, and the complaints procedure.
Changes to the rulebook or appendices are published via Rulebook Notices on this website and by email to the responsible person at all trading members.
Core Rules
Exchange Notices
EXCHANGE NOTICE 3-2026 — Suspension of trading in NBSK CIF China pulp Futures
NOREXECO ASA hereby notifies all Trade members and market participants of the suspension of trading in the NBSK CIF China Futures (ECC Product Code: NFKM).
EXCHANGE NOTICE 2-2026 — Revision to Daily Settlement price methodology
The Exchange will revise the methodology for determining the Daily Settlement Price to a volume-weighted average price (VWAP) of trades in the final 30 minutes of the trading session.
EXCHANGE NOTICE 1-2026 — Amendment to Underlying Price Reference and expiration calendar
Transition of European Pulp Futures to Spot-based Price Assessment. NOREXECO launched spot futures contracts using Fastmarkets NBSK and BEK price assessments.
EXCHANGE NOTICE 3-2025 — Amendment to Underlying Price Reference — NBSK and BHKP Europe futures
Lifting of suspension and transition to Spot price-based Price Assessment for European NBSK and BHKP futures contracts.
Exchange Notice 2-25: Suspension of trading and later delisting of futures on BHKP Europe and NBSK Europe
Suspension with immediate effect of trading in the listed futures on BHKP Europe and NBSK Europe.
Exchange Notice 1-25: Revised Calculation for the NOREXECO Shanghai Final Settlement Index (NSFI)
Upcoming amendment to the calculation methodology of the NSFI benchmark, transitioning from volume-weighted to arithmetic average.
Notice of Amendment of the NSFI benchmark
NOREXECO is adjusting the calculation method of the NSFI benchmark following SHFE's change from volume-weighted to arithmetic average.
EXCHANGE NOTICE 2-2024 — Changes to the Rulebook
NOREXECO now allows API-based electronic access to the ETS and introduces an automatching function for incoming orders.
EXCHANGE NOTICE 1-2024 — Change of fees
NOREXECO increases the Trading fee with EUR 0.25 to EUR 0.75 per metric ton, effective 15 April 2024.