It features pre-trade limit functionality to help general clearing members and direct members manage traders’ market exposure. There is a sophisticated administration tool which allows members to define trading accounts, trader rights and pre-trade limits.

Geir Reigstad, senior vice-president at the exchange, said: “Genium Inet Web Trade provides quick and reliable access to our markets. As the new application is web-based, the time to market for traders wishing to trade Nasdaq OMX Commodities products is drastically reduced.”