NOREXECO to Launch the World’s First Forestry & Paper Exchange
Wednesday,17/09/2014|09:07GMTby
George Tchetvertakov
The Norwegian company is about to erect a dedicated and regulated venue this year, promising to bring security and transparency to the OTC-traded paper and pulp industry: “We are welcomed as a stabilizing factor”.
For the first time in history, the financial services industry may have a dedicated exchange to facilitate trade in forestry and paper products including pulp, recycled fibre and wood. A Norwegian company called Norexeco ASA plans to open its doors to traders before the end of 2014.
The Norwegian Ministry of Finance has given Norexeco authorization to set up the regulated market exchange. The granted license allows the company to offer financial derivatives within forestry and paper. The first product listed on Norexeco will be pulp (softwood and hardwood), according to an official statement from Norexeco.
At least initially, transactions on Norexeco will be open for exchange members only as the exchange starts up operations. Compliance to EMIR and Dodd-Frank regulations is being promised from the outset by the exchange, with all transactions cleared by European Commodity Clearing AG (ECC) in Germany. The exchange will offer Deutsche Börse's M7 Trading Platform to traders and plans to become a renewable commodities exchange.
“Despite the fact that the international pulp market is nearly the same size as the aluminum market, the pulp market does not have an established exchange for trading. We have been welcomed as a stabilizing factor, and we are very optimistic about the opportunity to move a large share of the trading from the bilateral and the OTC market to a fully regulated marketplace,” says Stein Ole Larsen, CEO of Norexeco.
According to RISI, a Japanese research company covering the pulp and paper industry, there is approximately 400 million tons of paper and paperboard products alone (not including pulp) manufactured globally with companies such as 'International Paper' (U.S), 'Kimberly-Clark' (U.S) and 'Stora Enso' (Finland) being the largest market players.
“It is about time that the forestry and paper industry gets the same opportunity for Risk Management as other mature industries, and we are very excited to soon open up for trading,” he added.
For the first time in history, the financial services industry may have a dedicated exchange to facilitate trade in forestry and paper products including pulp, recycled fibre and wood. A Norwegian company called Norexeco ASA plans to open its doors to traders before the end of 2014.
The Norwegian Ministry of Finance has given Norexeco authorization to set up the regulated market exchange. The granted license allows the company to offer financial derivatives within forestry and paper. The first product listed on Norexeco will be pulp (softwood and hardwood), according to an official statement from Norexeco.
At least initially, transactions on Norexeco will be open for exchange members only as the exchange starts up operations. Compliance to EMIR and Dodd-Frank regulations is being promised from the outset by the exchange, with all transactions cleared by European Commodity Clearing AG (ECC) in Germany. The exchange will offer Deutsche Börse's M7 Trading Platform to traders and plans to become a renewable commodities exchange.
“Despite the fact that the international pulp market is nearly the same size as the aluminum market, the pulp market does not have an established exchange for trading. We have been welcomed as a stabilizing factor, and we are very optimistic about the opportunity to move a large share of the trading from the bilateral and the OTC market to a fully regulated marketplace,” says Stein Ole Larsen, CEO of Norexeco.
According to RISI, a Japanese research company covering the pulp and paper industry, there is approximately 400 million tons of paper and paperboard products alone (not including pulp) manufactured globally with companies such as 'International Paper' (U.S), 'Kimberly-Clark' (U.S) and 'Stora Enso' (Finland) being the largest market players.
“It is about time that the forestry and paper industry gets the same opportunity for Risk Management as other mature industries, and we are very excited to soon open up for trading,” he added.
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Finance Magnates Awards 2026 – Nominations Now Open
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
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https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
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Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
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Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
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In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
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#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
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Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
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Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
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- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
