Source: Derivatives

Derivatives: Introduction of List on Request and Change of strike price intervals for Swedish stock options (73/13)

As of January 20, 2014, NASDAQ OMX Derivatives Markets will introduce new strike price intervals for Swedish stock options as described below:

Strike price SEK   Interval < 3 months term  Interval < 6 months term   Interval > 6 months term
0 – 16                    0.25                                  0.5                                      1
16 - 30                   0.5                                    1                                         2
30 - 70                   1                                       2                                         4
70 - 150                 2.5                                    5                                        10
150 – 310              5                                       10                                       20
310 - 510              10                                      20                                       40
510 -                     15                                      30                                       60

Additional options series on Swedish Equities may be listed on request following the framework below

1.    The requested strike must conform to the strike generation methodology detailed in the Nasdaq OMX Quotation List
2.    The maturity is currently listed.
3.    The strike may be listed when the following conditions are met:
(a)    The requested strike must not be lower than 50% ITM or greater than 50% OTM from the T – 1 closing price of the nearest ATM option, for options with a maturity shorter than 3 month
(b)    For maturities greater than 3 months, the requested strike may not be greater than 100% from the T - 1 closing price of the nearest ATM option.
(c)    0 (Zero) strike options will not be accepted
4.    The strike request may only be eligible when reporting trades with a minimum of 250 contracts for all options.
5.    The corresponding put/call option will be listed at the same time
6.    NASDAQ OMX retains the right deny request for a new strike listing.
7.    NASDAQ OMX retains the right to delist a strike if there is no open interest in the requested strike
8.    Only members may submit requests
9.    Requests may be made to Trading Operations at Nasdaq OMX before 16:30 CET

For further information concerning this exchange notice please see the attached file or contact Erik Skårbratt, telephone +46 8 405 6425 or Håkan Walden, telephone +46 8 405 71 70.

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