Effective September 29, 2014, tick sizes for certain equities admitted to trading on NASDAQ OMX Copenhagen as well as equities admitted to trading on OMX First North Denmark will be changed.
The change is a means to ensure better price formation for equities trading below 1 DKK.
The change requires implementation of a new tick size table and a name change for an existing one (the existing one being “XCSE Equities, DKK”).
Please note that this does not entail changes to any of the protocols.
Orders in affected order books on production
INET Nordic Market Model
The changes will be updated in the Market Model, Appendix F, valid from and published no later than September 29, 2014 on http://www.nasdaqomx.com/listing/europe/rulesregulations/
The new tick size table
Tick size levels for the new table:
From – To
|0.000 - 0.499||0.001|
|0.500 - 0.995||0.005|
|1.000 - 4.990||0.01|
|5.00 - 9.95||0.05|
|10.00 - 49.90||0.10|
|50.00 - 499.50||0.50|
|500.00 - 4,999.00||1.00|
|5,000.00 - 19,999.00||10.00|
Name change for existing tick size table
If you have any questions regarding this Exchange Notice, please contact NASDAQ OMX Tech Support at: +46 8 405 6410, email@example.com
Encl: List of order books
NASDAQ OMX Nordic
NASDAQ OMX Nordic is not a legal entity but describes the common offering from the NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm and Iceland
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