IT - INET Nordic - OTF/Production - PRM (Pre Trade Risk Management) services (155/10)

As of October 25, NASDAQ OMX will make changes to the PRM services in
Production.  This change is based on member feedback. 

In order to synchronize the thresholds for the member optional PRM Services
(Fat Finger Checks) after the introduction of Volatility Guards on the NASDAQ
NORDIC Exchanges, the following changes will be done to the service: 

-	New threshold for OMXS30/OMXH25/OMXC20 shares and index ETFs will be set to
3% (before 10%). This means that orders deviating more than 3% from last paid
price will be rejected if this service is enabled on one or multiple ports. 
-	Passive Order checks will be disabled. This means that a passive order
deviating more than the given percentage below will be accepted. Entering more
aggressive orders than below will lead to a reject. 


PRM Settings for the Fat Finger Check:

Liquidity band                                PRM setting

 
OMXS30/OMXH25/OMXC20 shares and index ETFs	3% (Changed)
Liquid (Other shares) and other ETFs	         15%
Illiquid shares: 
First North shares + liqgr C + spread >3%	25%
Penny shares*	
0,25-5DKK SEK 0,025-0,5EUR	                  50%
0,1-0,25DKK SEK 0,01-0,025EUR	         75%
0,05-0,1 DKK SEK 0,005-0,01 EUR	         100%
0-0,05SEK DKK 0 - 0,005 EUR	                  200%



Time schedule                              OTF	Production

Passive Order checks will be disabled      2010-10-13	2010-10-25 - Complete.
We will begin to stage the rollout from 2010-10-19. 2010-10-25 all affected
ports will have the changed behavior accepting off-priced passive orders. 

Index shares PRM price check threshold will be reduced to
3%	2010-10-13	2010-10-25 


For further information concerning this IT notice please contact Tech Support: 
operator@nasdaqomx.com   Phone: +46 8 405 6410, +46 8 405 6580


Best Regards,
NASDAQ OMX Nordic