Derivatives: Introducing OMXS30 Dividend Futures (66/14)


NASDAQ OMX Derivatives Markets will on November 17, 2014 introduce OMXS30 Dividend Futures. With this introduction NASDAQ OMX Derivatives Markets will offer trading and CCP clearing in listed cash-settled index dividend futures based on the OMX Stockholm 30 Dividend Point Index. The underlying index is calculated, in dividend points, as the running total of ordinary dividends paid by the constituents of the OMX Stockholm 30 Index and is reset to zero once a year after the expiration of the nearest OMXS30 Dividend Futures contract. The new product will have its own fee model and the different levels will be communicated separately closer to the go-live date.

At go-live there will be two contracts listed; the December 2015 contract and the December 2016 contract. As of December 15, 2014, the December 2017 contract will be listed and available for trading. Following this date, NASDAQ OMX Derivatives Markets will list contract terms up to 36 months, expiring in the month of December, so that the three nearest years are always available for trading.

At inception, the risk parameter for OMXS30 Dividend Futures is expected to be set to 8.00% subject to the formal approval by the clearinghouse. Clearing members are requested to note that no margin offset will be offered between the different maturities or with other index derivatives.

With the product launch, a designated Market Maker scheme for OMXS30 Dividend Futures will be introduced. Trading members acting in such capacity will continuously provide two-way prices in the electronic exchange trading system for all three listed maturities.

For a complete product specification, please see the attached file.

For further information concerning this exchange notice please contact Joakim Fernlund, joakim.fernlund@nasdaqomx.com, or Håkan Walden, hakan.walden@nasdaqomx.com, telephone +46 8 405 60 00.


Attachments

66_Introducing OMXS30 Dividend Futures_1.pdf