Effective June 9, 2014, tick sizes for certain equity instruments admitted to trading on NASDAQ OMX Helsinki and NASDAQ OMX Stockholm as well as equities admitted to trading on First North Stockholm, First North Finland, and First North Iceland will be changed.
The change is based on customer requests in order to ensure a better price formation for equities trading below 1 EUR/SEK/ISK.
Overall, the change implies the creation of two new tick size tables and a name change for two existing tick size tables. The two existing tables being:
Moreover, the change implies termination of tick size table:
Please see further down for a detailed description on the activities involved as well as the tick sizes for the two new tables.
Time Table
Orders in affected order books on production
INET Nordic Market Model
The changes will be updated in the Market Model, Appendix F and available latest May 23, 2014 on http://www.nasdaqomx.com/listing/europe/rulesregulations/
Detailed description of the NASDAQ OMX Helsinki market
Transfer the following market segments from existing table “XHEL Equities EUR” to a new table “XHEL Other Equities” |
The market segments that remain on existing table “XHEL Equities EUR” (which will change name to “XHEL Other Instruments”) |
OMX HEL Equities CCP (only one active ISIN code – SE0000108656) |
OMX HEL Actively Managed Funds |
OMX HEL Equities Intraday Cross (only equities that do not have “XHEL Equities EUR FESE2” tick size table 218) |
OMX HEL Covered Warrants |
OMX HEL Equity Rights | OMX HEL Exchange Traded Notes |
First North Finland |
OMX HEL Fund Units (only one active ISIN code – FI0008805627) |
Detailed description of the NASDAQ OMX Stockholm market
Transfer the following market segments from existing table “Equities SEK”to a new table “Other Equities” | The market segments that remain on existing table “Equities SEK” (which will change name to “Warrants and Certificates”) |
OMX STO Eq.rights, Subs.Opt, Int.shares | OMX STO Certificates |
OMX STO Equities | OMS STO Exchange Traded Notes |
OMX STO Equities Intraday Cross | OMX STO Warrants |
Detailed description of First North STO and First North Iceland
Transfer the following market segments from existing tick size table “FN Equities” to a new table “other Equities” | Market segment that remains on existing table “FN Equities” |
First North STO | None |
First North Iceland |
Detailed description of the two new tick size tables
Price Interval From – To |
Tick Size |
0.00 - 0.499 | 0.001 |
0.50 - 0.995 | 0.005 |
1.00 - | 0.01 |
Price Interval From – To |
Tick Size |
0.000 - 0.499 | 0.001 |
0.500 - 0.995 | 0.005 |
1.000 - 4.990 | 0.01 |
5.00 - 14.95 | 0.05 |
15.00 - 49.90 | 0.1 |
50.00 - 149.75 | 0.25 |
150.00 - 499.50 | 0.5 |
500.00 - 4,999.00 | 1.00 |
5,000.00 - | 5.00 |
Information to users of AktieTorget
Customers, ISVs, Vendors, and other interested parties using AktieTorget should note that the instruments trading on market segment “MM Aktietorget-cotr, id 17” will be moved from tick size table “Equities SEK” with ID 1 to the new tick size table “Other Equities” with ID 227, which is described above.
The order books that will be moved are included in the list attached to this notice.
Please direct your questions regarding AktieTorget directly to AktieTorget on +46 8 511 68000 or marknadsmeddelanden@aktietorget.se
Support
If you have any questions regarding this Exchange Notice, please contact NASDAQ OMX Tech Support at: +46 8 405 6410, operator@nasdaqomx.com
Best regards
NASDAQ OMX Nordic