All NOS members will be migrated to and become members of NASDAQ OMX provided that the criteria for NASDAQ OMX membership and other criteria for migration are fulfilled at the time of migration. The NOS members have to go through a membership process with NASDAQ OMX and a set of agreements and documents are required.
Deadline for the required documents and agreements to be returned:
NASDAQ OMX has several types of memberships, but the most relevant memberships for existing NOS members are Clearing Member or General Clearing Member.
NASDAQ OMX has two structures within the clearinghouse, one for clearing financial products and one for clearing commodities. All NOS cleared derivatives products will be subject to the Clearing Rules of NASDAQ OMX Commodities. Members of NASDAQ OMX’s financial market have access to commodities, while NASDAQ OMX Commodity members do not have access to the financial market. For NOS members who would like to access the financial products at NASDAQ OMX, a migration to the financial membership is possible with access to the commodity products.
NASDAQ OMX membership criteria for Commodities members differ on membership type:
A General Clearing Member must document that it is: