Category Archives: News

New regulation on Benchmarks in Europe from Jan 2020. Changes in the Fish Pool Index

The Fish Pool Index settlement price will be changed from January 2020:

FPI 2020

Background for the change:

After the LIBOR scandal, where banks manipulated the interest rates, EU has introduced a new regulation on Benchmarks used for settlement of financial contracts.

The Nasdaq Salmon Index and the Fish Pool Index settlement price are Benchmarks.  From January 2020 these indices will be under supervision by the Financial Supervisory Authorities.  This give the users added security of the quality and correctness of the prices indices.

The Nasdaq price is based on documented invoices sent from Norwegian exporters, and Kontali Analyse audits the reporters.  SSB is produced by Statistics Norway.  Both are thus very solid and well documented indices.

There are more than 40 European companies from 14 different European countries reporting spot purchase prices in the European Buyers Index.  We thus consider the index to be very solid, but at present it does not comply with the strict Benchmark Regulation rules.  We have thus excluded the index from the calculation of the Fish Pool Index settlement price for all financial contracts.  We will however continue to operate this European Buyers Index, and possibly include again in the Fish Pool Index.  As Nasdaq Salmon Index is now weighted 95%, we hope the exporters understand that it is very important to have as many as possible of the exporters reporting to Nasdaq.

The changes in settlement price, Fish Pool Index would have been the following if we had used the new calculation (95% Nasdaq and 5% SSB export price) the latest 2 years:

  • + 0,05 NOK/kg for 2018,
  • + 0,02 NOK/kg for 2019 so far week 1-47, equal to 0,3% change

So very small change for the buyers and sellers using Fish Pool contracts to secure their income and cost expected with the new formula in 2020 contracts onwards

Please see overview of the FAQ,  Frequently Asked Questions, of the Nasdaq price. For reporting procedures and historical figures, please see Nasdaq Salmon Index

Presentations Fish Pool/Nasdaq Christmas seminar

Team Fish Pool and team Nasdaq wish to thank speakers and all participants for attending this year’s Christmas seminar.

Please find presentations below. Hope to see you again next year!

Welcome. Søren Martens, Fish Pool

Fish Pool entering the European commodity market. Håvard Abrahamsen, Oslo Stock Exchange

Why did we miss the salmon tsunami? Kolbjørn Giskeødegård, Nordea

Insight and Q&A. Paul Aandahl, Norwegian Seafood Council

Salmon in a global macro context. An ocean of opportunities. Hogne Tyssøy, Holberg Fondene

The real world of commodity markets. Jan Bylov, Jyske Bank

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Presentations Fish Pool/DNB Brussels seminar 2019

Team Fish Pool and team DNB Seafood wish to thank the presenters and participants for attending our annual seminar in Brussels.

Please find presentations below. Hope to see you again next year!

The beauty of financial contracts by Søren Martens, Fish Pool

I know when to hedge! Using analytics by Tom Bundgaard, Kairos Commodities

How to trade at Fish Pool in Euro by Sebastian Malmstein, DNB

Why everyone else is wrong by Alexander Aukner, DNB Markets

Finding new ways to sell salmon by Tim Brouwer, Visscher Seafood

Trend changes in sales by Fernando Bueno, Integra

Scenarios and drivers for high and low prices in 2019-2020 by Ragnar Nystøyl, Kontali 

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Update! Program Fish Pool/DNB seminar in Brussels 2019

We have an update to our program for this year’s seminar in Brussels!

DNB’s own seafood analyst Alexander Aukner has joined the program and will share their view on the salmon market.

Last year the seminar reached 260 participants! There is still some seats left, please click the program below and sign up you and your colleagues now.

Team Fish Pool and team DNB Seafood hope to see you there.

Seminar Brussel 2019

Program ready for Fish Pool/DNB seminar in Brussels 2019

The program for this year’s Brussels seminar on the 6th of May is ready!
The seminar focuses on price development and how to manage price risk using financial contracts.

Not saved your seat yet? Click the program below to sign up you and your colleagues!
Last year the seminar reached over 250 participants.

Team Fish Pool and team DNB Seafood look forward to seeing you there!

Seminar Brusssel 2019

 

Change in Fish Pool Index and trading fees

Dear Fish Pool members

Today, 30 November 2018, Fish Pool Board of Directors has decided to make changes to two different appendices to Fish Pool Rulebook. Both changes will be effective as of week 1 in 2019.

Please find the information letter and the new appendicies below.

Information letter 30.11.2018

Rulebook Appendix 2 – Fish Pool Index

Rulebook Appendix 3 – Fee List

Team Fish Pool encourage all trade members to read the information letter carefully.

For further information, do not hesitate to contact Team Fish Pool at +47 55 706 700.

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Presentations Christmas seminar

Team Fish Pool and Team Nasdaq Clearing wish to thank the lecturers and participants for attending this year’s Christmas Seminar. We had a great time and hope you had too!

Download the presentations below:

Welcome by Søren Martens

Price expectations 2019 by Kolbjørn Giskeødegård, Nordea Markets

Volume increase in the future? Our take on additional sources of supply by Alexander Aukner, DNB Markets

Managing cost risk by Øyvind Sætren, Pelagia and Morten Nilsen, Kinect Energy Group

Answering your questions by Paul Aandahl, Norwegian Seafood Council

We hope to meet you all again next year!

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Fish Pool/Nasdaq Christmas Seminar

This year’s Christmas seminar is almost fully booked, but we still have some seats reserved to our trade members.

Please contact our Head of Sales, Lene Fammestad, to register on the waiting list (details in program below).

We look forward to seeing you here in Bergen.
Team Fish Pool
Team Nasdaq

FPNQ Christmas seminar 21.11.18