Norexeco
NOREXECO ASA is a Norwegian regulated commodity exchange offering cash-settled financial futures for the global pulp and paper industry, serving producers, consumers, financial institutions, and trading firms via its proprietary Electronic Trading System.
- Company typePrivate
- Founded2014
- HeadquartersKongsvinger, Norway
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Norexeco does
NOREXECO ASA is a Norwegian regulated commodity exchange that operates the only purpose-built derivatives venue for the global pulp and paper industry. Incorporated in 2014 and headquartered in Kongsvinger, Norway, the company offers cash-settled financial futures across European and Asian pulp grades (NBSK Europe, BEK Europe, BHKP China Net, NBSK Shanghai, and OCC 1.04 recycled paper) and serves four horizontal customer segments: pulp and paper producers, paper manufacturers/industrial consumers, financial institutions, and commodity trading firms. The exchange is approved as a Benchmark Administrator under EU 2016/1011 by the Norwegian Financial Supervisory Authorities (since March 2021) and administers the NOREXECO Shanghai Final Settlement Index (NSFI).
The company's core technology stack is its proprietary Electronic Trading System (ETS) and the NOREXECO Portal. Since December 2024 the ETS has exposed API-based electronic access to approved third-party independent software vendors (ISVs), with an automatching engine that validates incoming orders against pre-trade limits and matches them against resting orders. Contracts are also distributed through the CQG global electronic trading platform and established brokerage channels, particularly for Asian market access. The trading day runs 13:00–17:00 CET, settlement methodology was upgraded to a VWAP of the final 30 minutes of trading in March 2026, and the European product line transitioned from PIX-index settlement to Fastmarkets spot-index settlement effective January 2026.
NOREXECO generates revenue through transaction fees of EUR 0.75 per metric ton of traded contracts (raised from EUR 0.50 in April 2024), with a promotional 50% discount for the initiator of each order. The company supplements transaction revenue with ancillary income from the administration of the NSFI benchmark and from market-data products. The go-to-market motion is enterprise field sales supported by a Market Supporter Program (launched October 2025) to enhance liquidity on Asia Pulp Futures, supplemented by conference participation (e.g., Fastmarkets Forest Products European Conference) and LinkedIn-led brand presence. Operating geographies span Europe, China, and broader Asia, with a claimed global footprint.
Norexeco firmographics
Firmographics- Name
- Norexeco
- Legal name
- NOREXECO ASA
- Website
- https://norexeco.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- NOREXECO ASA is a Norwegian regulated commodity exchange offering cash-settled financial futures for the global pulp and paper industry, serving producers, consumers, financial institutions, and trading firms via its proprietary Electronic Trading System.
- Ownership category
- akta.pro rank
Norexeco industry classification
Industry- Product category
- Commodity Derivatives Exchange
- NAICS
- Securities and Commodity Exchanges (523210), Securities and Commodity Exchanges (5232), Commodity Contracts Intermediation (52316)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221)
- akta.pro primary industry
- Interest Rate Futures & Options Exchanges (FSAFABAB)
- akta.pro secondary industry
- Soft Commodities Exchanges (Coffee, Cocoa, Sugar, Cotton) (FSAFAMAB)
Keywords
Where Norexeco is headquartered
LocationHeadquarters
- HQ city
- Kongsvinger
- HQ country
- Norway
- HQ region
- Europe
Offices1 record
Markets served
Norexeco business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Trading Transaction Fees: Exchange fees charged per metric ton of traded contracts. Standard trading fee is EUR 0.75 per metric ton. Initiator fee campaign offered 50% reduction for parties that first put orders on screen.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Standard Trading Fee |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels3 records
Norexeco product offering
Product offeringCore offering
Norexeco operates a regulated commodity exchange that lists and provides electronic trading of cash-settled financial futures contracts for the global pulp and paper industry. Its core products include NBSK and BEK European pulp futures settled on Fastmarkets spot indices, NBSK Shanghai Pulp Futures (mirror contract to SHFE), BHKP China Net futures, and OCC 1.04 recycled paper futures, all delivered through its proprietary Electronic Trading System (ETS) with API access.
Product overview
NOREXECO operates as a regulated commodity exchange specialized for the global pulp and paper industry, offering trading in cash-settled financial futures. The core offering consists of pulp and recycled paper financial derivatives including NBSK Europe Futures, BEK Europe Futures, NBSK Shanghai Pulp Futures, BHKP China Net Futures, and OCC 1.04 Futures. These instruments are delivered through the NOREXECO Electronic Trading System (ETS) and NOREXECO Portal, providing global electronic access for price risk management. The exchange also administers the NSFI Benchmark and supports UN Sustainable Development Goals, with trading hours from 13:00-17:00 CET.
Differentiator
Problem solved
Functional benefit
Products and services
- NBSK Europe Futures Northern Bleached Softwood Kraft (NBSK) European futures contract settled against Fastmarkets' European spot pulp index, providing price risk management tools for European pulp market participants including monthly, quarterly, and yearly maturities.
- BEK Europe Futures Bleached Eucalyptus Kraft (BEK) European futures contract settled against Fastmarkets' BEK Europe Spot Price, enabling hedging and price exposure management for eucalyptus kraft pulp markets across monthly, quarterly, and yearly maturities.
- NBSK Shanghai Pulp Futures Financial futures contract based on the Shanghai Futures Exchange pulp futures Final Delivery Settlement Price, converted from RMB to USD and net of Chinese VAT, providing international market participants access to Asian pulp market price risk management.
- BHKP China Net Futures Bleached Hardwood Kraft Pulp (BHKP) China Net futures contract for managing price risk in the Chinese hardwood pulp market, settled using Fastmarkets' net price assessments.
- OCC 1.04 Futures Old Corrugated Containers (OCC 1.04) recycled paper futures contract for managing price risk in the recovered paper market, serving the recycled containerboard segment.
- NOREXECO Electronic Trading System (ETS) Electronic trading platform providing global access to listed pulp and recovered paper financial derivatives. Features API-based access for approved third-party independent software vendor (ISV) systems, automatching functionality with pre-trade limit validation, and global connectivity to Norexeco's full suite of futures contracts.
- NSFI Benchmark
Quantifiable outcome
- New European spot settled futures launched January 2026 for NBSK and BEK markets
- +1 more outcomes
Companies that use Norexeco
Customer profileSegments4 records
Ideal customer profiles2 records
Norexeco technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature3 records
Norexeco partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- FastmarketscoreFastmarkets, an industry-leading cross-commodity price reporting agency, partnered with NOREXECO to launch industry-first spot futures contracts for NBSK and BEK European markets. The new contracts settle against Fastmarkets' European spot pulp indices, providing more transparent and efficient tools for managing price risk. The partnership includes existing contracts for net prices of NBSK and BHKP in China and recycled containerboard.
- Shanghai Futures Exchange (SHFE)coreNOREXECO and SHFE signed an agreement to make a Shanghai-based financial pulp future available for the international market. The NOREXECO contract serves as a 'mirror contract' to the SHFE contract, converted from RMB to USD and net of Chinese VAT. The agreement, first initiated via MOU in April 2018, increases opportunities for global pulp and paper industry participants to manage price risk exposure to the Asian pulp market.
Scale indicators3 records
Recent moves6 records
Expansion highlights5 records
Norexeco competitors and assessment
Company assessmentMarket position
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Norexeco social profiles
Digital presenceNorexeco compliance and trust
Trust signalCompliance1 record
Norexeco financial estimates
Financial estimateRevenue estimate
Valuation estimate
Norexeco leadership team
Management profileNumber of profiles
Profiles3 records
Norexeco funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Norexeco M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Norexeco
What does Norexeco do?
Norexeco operates a regulated commodity exchange that lists and provides electronic trading of cash-settled financial futures contracts for the global pulp and paper industry. Its core products include NBSK and BEK European pulp futures settled on Fastmarkets spot indices, NBSK Shanghai Pulp Futures (mirror contract to SHFE), BHKP China Net futures, and OCC 1.04 recycled paper futures, all delivered through its proprietary Electronic Trading System (ETS) with API access.
Is Norexeco a public or private company?
Norexeco is a private company. It is classified as unknown and is currently operating.
When was Norexeco founded?
Norexeco was founded in 2014. It employs 1 to 10 people.
Where is Norexeco based?
Norexeco is headquartered in Kongsvinger, Norway, in the Europe region.
How does Norexeco make money?
One revenue line is on record: trading Transaction Fees.
Does Norexeco have an API?
Yes. NOREXECO offers API-based electronic access to its Electronic Trading System (ETS) through approved third-party systems (ISVs). An automatching function has been added to the ETS where incoming orders are validated against pre-trade limits and matched with resting orders, with unmatched orders placed in the order book according to priority and criteria. API access is available to users of approved third-party independent software vendor systems.
What industry is Norexeco in?
Norexeco's product category is Commodity Derivatives Exchange. Its primary akta.pro industry code is FSAFABAB, Interest Rate Futures & Options Exchanges, with a secondary code of FSAFAMAB, Soft Commodities Exchanges (Coffee, Cocoa, Sugar, Cotton). Its NAICS code is 523210 and its SIC code is 6200.