New USD tanker routes - Record volumes in Q1 11

New USD per ton tanker routes
NOS Clearing ASA is pleased to announce the launch of additional USD per metric ton contracts. Based on market requests NOS has decided to add TC5, TC6, TD5 and TD7 to our already wide range of USD tanker contracts. You can now clear TC2, TC5, TC6, TD3, TD5 and TD7 future contracts denominated in USD per metric ton with NOS, and NOS can easily expand the service to also include options.

Full Product Spec is available in Appendix 5, annex 5A. NOS has also released a Rulebook Notice 05/2011, describing the changes made to Appendix 5.

Record tanker volumes in first quarter
We are also pleased to inform that the NOS cleared tanker volume in the first quarter of 2011 was all-time high, up by 25% from the same period last year. NOS cleared 75.132 lots of tanker futures in Q1, accounting for 80% of the cleared tanker future market. The maximum open interest in the period was 37,739 lots.

For more information, please contact:

Mari Borgen, Clearing Operations Manager
Phone: +47 23 25 93 57
E-mail: mb@nosclearing.com or operations@nosclearing.com

Morten Erichsen, Managing Director
Phone: +47 23 25 93 05
E-mail: me@nosclearing.com