Derivatives: Introduction of additional volume discount in OMXS30 futures (71/13)

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| Source: Derivatives

As of January 2, 2014, NASDAQ OMX Derivatives Markets will introduce an additional volume discount for OMXS30 futures in Appendix 3B Proprietary fee list of the Exchange Rules and the Clearing Rules.

The volume discount will apply to members’ own proprietary trading, and will be based on the number of electronically traded contracts in Swedish index futures during a calendar month. All electronically traded OMXS30 futures contracts on a member’s proprietary account in excess of 200 000 during a calendar month, will be traded at a fee of SEK 0.50 per electronically traded contract.  

The volume discount will be implemented in the way of monthly repayments to members reaching the monthly volume threshold. The volume discount will be implemented as of January 2, 2014, and the first monthly repayment will apply to the month of January.

The proprietary fee list (Appendix 3B), section Swedish stock index futures, will be updated according to the following:

Transaction and closing fee SEK 2.50 per contract [unchanged]

Volume discount 1: [unchanged]
A volume discount is given to members that have traded more than 50 000 Swedish stock index futures contracts on Proprietary Accounts during one calendar month. The following three calendar months, the accounts pay SEK 2.25 per contract.

Volume discount 2 – electronic volumes in EMP (Electronic Market Place): [NEW]
A volume discount is given to members that have electronically traded more than 200 000 Swedish stock index futures contracts on their Proprietary Accounts during one calendar month. For all electronically traded contracts on a member’s Proprietary Account(s) in excess of 200 000 during the specific calendar month, the member will pay a transaction fee of SEK 0.50 per electronically traded contract. The volume discount does not apply to the closing of contracts at expiration.  Transactions that are part of Average Price Trades (APTs) are considered non-electronic

For further information, please see the attached file or contact your Account Manager or Product Manager Tomas Körberg, telephone +46 8 405 6883 or Product Manager Mikael Siewertz, telephone +46 8 405 6634.