As of Sept 30, NASDAQOMX will launch volatility guards on the main markets in Stockholm, Helsinki, and Copenhagen. On September 27, volatility guards were successfully introduced in Iceland, the Baltics, and all First North markets. Sept 30 is the production launch for the rest of the shares and ETFs. Also see IT Notice 133/10. The following configuration will be applied: Liquidity band Dynamic Static Index Shares (OMXS30/OMXH25/OMXC20) 3% 10% Other Shares or ETFs 5% 15% First North or Liquidity Group C or spread <=3% 10% 15% Penny shares: 0.25-5 (SEK, DKK), 0.025-0.5 (EUR) 25% 50% 0.1-0.25 (SEK,DKK), 0.01-0.025 (EUR) 40% 75% 0.05-0.1 (SEK,DKK), 0.005-0.01 (EUR) 50% 100% 0-0.05 (SEK,DKK), 0.0-0.005 (EUR) 100% 200% Baltic and Icelandic markets: Baltic shares 10% 15% Icelandic shares 10% N/A 5% MARL, OSSR N/A Length of auctions: Configuration item: Duration: Auction triggered by breach of Dynamic volatility guard 60 sec Auction triggered by breach of Static volatility guard 180 sec Period before closing auction no volatility guard will be triggered 240 sec The full configuration for volatility guards has been available for testing in INET Nordic OTF since Sept 6. A complete list of markets and their launch date for volatility guards is attached to this IT Notice. Reference data specifying the thresholds for the individual stock will be disseminated via the real time message OrderbookReferencePrice via GCF. More info on this was published in IT Notice 127/10. The updated Market Model for INET Nordic applicable from September 27 is available on the member website. Link to latest Market Model. The Guidelines for cancellation of trades based on NASDAQ OMX Nordic Member Rules section 5.7.3 applicable to NASDAQ OMX Stockholm, NASDAQ OMX Helsinki, NASDAQ OMX Copenhagen and NASDAQ OMX Iceland has been updated in respect to the introduction of the Volatility Guards. Link to Cancellation Guideline. More information about Volatility Guards is found on Member Extranet - INET Nordic Enhancement. If you have any questions regarding this IT Exchange Notice please do not hesitate to contact your Key Account Manager. Best regards, NASDAQ OMX Nordic Please read about ongoing changes for NASDAQ OMX Nordic, on member extranet INET Nordic Enhancements
IT - INET Production - REMINDER - Volatility Guards introduced on main equity markets in STO, HEL, CPH (143/10)
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