Exchange Notice Copenhagen: INET Nordic - NASDAQ OMX Nordics and Baltics introducing Volatility Guards

INET Nordic - NASDAQ OMX Nordics and Baltics introducing Volatility Guards.
NASDAQ OMX Nordic will introduce Volatility Guards on its Nordic and Baltic
equity markets to reduce the likelihood of trading incidents and to reduce the
impact of sudden and extraordinary liquidity. 

The NASDAQ OMX Nordic Volatility Guard is a trading pause and resumption
process designed to restore an orderly market in a single order book traded on
NASDAQ OMX Nordic and Baltic exchanges in Stockholm, Helsinki, Copenhagen,
Iceland, Tallinn, Riga and Vilnius. 

The Nordic Volatility Guards will be utilized if an order deviates too much in
percentage from the last sale price (Dynamic Volatility Guard) or from the
reference price, which is normally the day's opening price (Static Volatility
Guard). When the Volatility Guard is triggered, continuous trading is halted
followed by an auction period which lasts 60* seconds, after which the order
book moves back to continuous trading. 

NASDAQ OMX Nordic Volatility Guard trigger thresholds*

	                   Dynamic Volatility Guard**	Static Volatility Guard***
OMXS30/OMXH25/OMXC20stocks	        3%	                10%
Other stocks and ETFs	              5%	                15%
First North stocks	                    10%	                15%
Penny/illiquid stocks	             15%	                20%
* Current plan, final thresholds (including the Baltic and Icelandic equity
markets) and length of the auction period will be confirmed prior to launch 
** Order's price difference from last sale price
*** Order's price difference from reference price (usually the day's opening
price) 

Please note! You can find more info about the Nordic Volatility Guards here and
about other enhancements of INET Nordics, at the Member Extranet INET Nordic
Enhancement web-page. 

Time schedule:
The Nordic Volatility Guards is targeted to be implemented in production
September 27, 2010. 

Availability in our test facility, OTF, is scheduled for mid August. Final
configuration details on applied thresholds will be communicated in end August.
A confirmed time schedule and more details on this initiative will be
communicated not later than July 2. 

Questions and feed-back:
For further information and feedback concerning this information please contact
your key account manager. 


Best regards, 
NASDAQ OMX Nordic