On March 10 2008, OMX Nordic Exchange will separate the certificates traded under the warrants submarkets.
Today the Swedish certificates are traded on the submarket ‘OMX STO Warrants & Certificates’ and the Finnish certificates are traded on the submarket called ‘OMX HEL Covered War-rants_Other’. OMX Nordic Exchange will on March 10, 2008 separate the certificates from the warrants submarkets, and move them to new submarkets created specifically for this product. The reason behind this separation is that certificates are different products from warrants; certificates are long-term investment products while warrants are more of a short-term product.
De-listing of current certificates orderbooks
All current certificates orderbooks at the warrant submarkets will be de-listed and new orderbooks will be created under the new submarkets for certificates. On March 3, 2008 the new orderbooks will be available to download static data in the production environment. The new orderbook ID’s for the certificates are available in an attached file in this exchange notice.
X marked orderbooks
All the new orderbooks that will be available on March 3, 2008 will have the same name as cur-rently traded orderbooks, but the orderbooks will be marked with ‘X’ at end of the orderbook name. For example, an orderbook with the name: BEAR PCA1 will in the new submarket structure have the name: BEAR PCA1X. When we launch the new structure on March 10, 2008 we will swap orderbook names with current orderbooks, so that the new orderbooks will have their original names. Note that the new orderbooks will have new orderbook ID’s, but the ISIN codes will remain the same as today.
Notice! All active orders in the current certificates orderbooks will be deleted on March 7, 2008, after the trading day has ended.
If you have questions regarding the new orderbooks or other questions, please contact Krister Santana, Business Developer; +46 8 405 6572, krister.santana@omxgroup.com.
OMX Nordic Exchange Stockholm AB
About Certificates
Certificates are securities that are issued by a bank or broker firm, and that are always at-tached to a underlying asset, for example an equity index or commodity etc. Though, certifi-cates are neither a derivative contract nor a fund. Some of the certificates are “Open-end”, meaning that the closing date of the security is open until the bank/broker decides to close it.
