A Trade Member of NOREXECO is allowed to trade directly in the Electronic Trading System (ETS) or via the NOREXECO Market Service Desk. A Trade Member is also allowed to be participant in Block Trades in NOREXECO Products.
In order to become a Trade Member, the applicant must comply with the membership criteria of NOREXECO and be approved as a Trading Participant by European Commodity Clearing AG (ECC), the clearing house partner of NOREXECO.
NOREXECO and ECC have aligned the two application processes which have to be quite formal due to regulatory requirements. A membership application consists of some required information and agreements such as:
- Application forms to become a Trade Member of NOREXECO and Approved Trading Participant of ECC
- A filled in ECC ‘know your customer‘ (KYC) form
- Financial statements for three years
- Disclosure of ownership
Once you want to explore the benefits of being a trade member, or apply for membership, please contact NOREXECO and we will guide you through the process.