Effective February 16, 2015, Nasdaq Copenhagen and Nasdaq Stockholm will introduce CCP clearing on the mid cap shares.
As advised about in IT Notice published December 2, 2014, "IT - INET Nordic – Expanded CCP scope in Denmark and Sweden", Nasdaq Nordic has decided to expand the scope of instruments that are CCP cleared on Nasdaq Copenhagen and Nasdaq Stockholm to include shares in the mid cap segments. Currently, shares in the OMXC20 and OMXS30 indexes as well as large cap shares constitute the CCP scope on the two exchanges.
The expansion requires:
- names changes for certain market segments
- a new market segment on Nasdaq Copenhagen.
The expansion does not require:
- updating of protocols
- changes to current functionality for mid cap shares. For example will tick sizes remain as are, and the scheduled intraday auction on the Danish mid cap shares will remain as is.
Time line
- INET test environment (OTF) and GCF4: from January 19, 2015
- INET production and GCF production: from February 16, 2015
Please see the two documents below for further information.
