Fish Pool Market Surveillance Oslo Børs is now operating the Fish Pool Market Surveillance. Oslo Børs has a department specialised in market surveillance of the shares and bond markets. We are happy to announce that as from May 4th this department is also surveying the Fish Pool market. The considerations behind the market conduct rules are basically the same for all exchanges; securing against any kind of market manipulation or insider trading. Please note that all Trade Members at Fish Pool may contact Market surveillance at fishpoolsurveillance@oslobors.no or call +47 22 34 19 11 (calls will be recorded) to report possible suspicions or breach of the Fish Pool Rulebook concerning Market conduct rules.
New standard freight rates to Nasdaq Salmon Index The Nasdaq Salmon Index is calculated by deducting standard freight rates from the DDP invoices sent European buyers. From this week the standard freight rates have been increased with app. 20%. Click here for updated information on frequently asked questions (on page 4 you can view the new and old freight rates).
Are you our new colleague? Fish Pool is hiring! We are currently seeking two new co-workers to join our team in Bergen. Curious? Check out link for job descriptions below. Business developer Exchange/Jr.Exchange broker Team Fish Pool is excited to expand our team and look forward to hearing from you. Update 29.04.2020: The deadline for applying has now expired. Thank you to all applicants.
Brussels seminar 2020 is cancelled Fish Pool and DNB Seafood is sorry to inform that our seminar in Brussels (Monday 20th of April 2020) is cancelled due to the Seafood Expo in Brussels being postponed. All ticket fees will be refunded. Please do not hesitate to contact us at post@fishpool.eu or +4755706700 if you have any questions. We are sorry for the inconvenciene and hope to see you at another of our seminars again. Best regards Team Fish Pool Team DNB
Save you seat for Fish Pool/DNB seminar in Brussels 20th of April Team Fish Pool and Team DNB Seafood looks forward to this year’s seminar in Brussels. Registration is now open, and you can save your seat. Stay tuned for detailed program. Date: Monday, 20th of April 2020 Time: 13:00-16:30 h CET Continue reading →
Benchmark regulation As of January 2nd 2020 Fish Pool complies with the Regulation (EU) 2016/1011 on indices used as benchmarks in financial instruments and financial contracts (called BMR). Rulebook app 2 “Calculation of Fish Pool Index and Monthly Settlement Price” is thus updated. For more information, please follow this link for Key elements in our BMR methodology and this link for our complete BMR Methodology. Fish Pool has engaged Kontali Analyse as external auditor of the Fish Pool Index, FPI, and the Monthly Settlement Price, MSP. Kontali Analyse will evaluate the methodology used and whether the indices are a good reflection of the spot prices for salmon. They will also evaluate procedures for change, complaints, communication with price suppliers and possible conflicts of interest. The annual audit report will be published within the end of March each year.
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: 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
Fish Pool/Nasdaq Christmas seminar 2019 Please find the program for this year’s Christmas seminar below. We look forward to seeing you in Bergen. Team Fish Pool Team Nasdaq
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
