IT Exchange Notice: A change in the OTC Publication Service and configuration of the Copenhagen First North market to a separate Exchange

Two changes to the setup in SAXESS for reporting on the OTC Publication Service
and configuration of the Copenhagen First North market on a separate Technical
Exchange 

Extension of OMX Nordic Exchange's OTC Publication Service

On 1 November OMX Nordic Exchange (OMX) introduced its OTC Publication Service.
A lot of members as well as non-member investment firms have chosen this OTC
service for publication of their OTC trades. 

Some members have announced that they are systematic internalisers (SI's) and
that they want to use OMX's OTC Publication Service to publish also their SI
related trades. In order to be able to separate these trades from the
“ordinary” OTC trades, which is a MiFID requirement, OMX has decided to
introduce two additional OTC trade types to be used in all the OMX OTC equity
sub markets: 

•	OTC CPH Equities
•	OTC CPH Rights
•	OTC HEL Equities
•	OTC HEL Equity Rights
•	OTC ICE Equities
•	OTC STO Equities
•	OTC STO Eq. Rights
•	OTCM REP

The new trade types are called
•	SI standard (SIST)
•	SI non-standard (SINS)

The new trade types will be implemented in the SAXESS test system SAXTST3 on
20th November 2007. 

The implementation in the production system will take place on Monday 3rd
December 2007. 

In order for a SI obligated member to become fully MiFID compliant, when not
flagging the precise trade venue, OMX Nordic Exchange will publish Monthly
statistics in accordance with the MiFID Directives Article 27. par. 2-3 for the
Investment Firms being systematic internalisers. 
New MIC code for First North CPH 

In June 2007 OMX announced that due to the MiFID implementation The Danish
First North market would get a new Market Identifying Code (MIC) to make it
possible to distinguish between the exchange market (Regulated Market) and the
First North market (MTF). The changes will be implemented in the production
version of SAXESS on 3rd December 2007. The new Exchange, market and submarket
for the Danish First North will be visible as of production as of 26th November
2007. 

The new First North MIC is XFND.

The technical implication of this is that the First North market, sub market
and current order books have to be connected to a new “Technical Exchange”
called OMX First North Denmark. 

The changes will be available in the external SAXESS test system as of Tuesday
20th  November 2007. Below you can see the names, codes and ID's that are used
in the test system: 

Exchange:
Name: OMX First North Denmark
Code: OMXFN
Market: 
Name: First North
ID: 239
Sub Market:
Name: FNDK CPH
ID: 240
Sequent no: 100
BIC code: XFND DK K1 FND