Nos and Imarex merge

Norwegian clearing company Nos and Oslo-based freight derivatives exchange Imarex are to merge into a new holding company, the two companies have announced. In order to focus fully on commodity derivatives, the equities derivatives clearing of Nos will be sold to VPS, the Norwegian Central Securities Depository, the companies say.

The companies believe they will be better positioned together, through a combination of the companies' competence and market positions. Under the same ownership, No