Effective December, 8th, 2014 Nasdaq will introduce a new Trade Type (Flexible Contracts Conversion, FLCN) in Genium INET for the conversion of a member’s position in a flexible (a.k.a TM) contract into a contract in an exchange listed (= standardized) instrument. The new trade type will replace the Exchange Granted Late Trade (EGLT) in this use.
Such conversion can be performed by Nordic Operations if both parties to the trade request that and the flexible contract have become identical with the terms and conditions of an exchange listed contract. The price and volume of the original TM Contract will be used when registering the new transaction. The trades registered with FLCN will not be sent out in the market data feeds, nor will the High, Low, Last –statistics be updated.
For further information please contact Jari Elo, telephone +358 9 6166 7275 jari.elo@nasdaq.com or Trading Operations, telephone +46 8 405 7360 tradingoperations@nasdaq.com
