Change of the Expiration Day for Norwegian Single Stock Derivatives
As of January 12, 2015, NASDAQ OMX Derivatives Markets will change the Expiration Day for standardized options, forwards and futures on Norwegian Single Stock Derivatives with the third Thursday of the month. Currently the Expiration Day for options, forwards and futures on Norwegian Single Stock Derivatives is the third Friday of the month. New contracts will be listed in parallel with the existing contracts, thus the change will have no effect on the existing contracts. New maturities on the existing contracts will no longer be listed and existing maturities without open interest will be delisted. Successively only the new contracts with the third Thursday as the Expiration Day will be available for trading.
To facilitate identifying contracts with different Expiration Days, the new contracts with the third Thursday as the Expiration Day will be listed with a new Market Code and have a unique root series name separating them from the existing contracts. The Market Code for the existing contracts is 104 with a root series name that ends with an ‘N’. The Market Code for the new contracts will be 94 and listed without the ‘N’ in the root series name. Example for Statoil ASA; the root series name for the current contract with Friday as the Expiration Day is STLN (Market Code 104) and the root series name for the new contract with Thursday as the Expiration Day will be STL (Market Code 94).
Series for Statoil and Yara International are available for testing in External Test 1 and External Test 3 with the below OMnet API binary codes. As from January 12, 2015 the codes will also be available in the production system as described below.
instrument_group_c = 3 (Forward), 6 (Call Option), 7 (Put Option), 10 (Future deliverable), 11 (Future cash settled)
| Company Name | ISIN | country_c | market_c | commodity_n |
| STATOIL | NO0010096985 | 1 | 94 | 1302 |
| YARA INTERNATIONAL | NO0010208051 | 1 | 94 | 1303 |
| RENEWABLE ENERGY CORP | NO0010112675 | 1 | 94 | 1304 |
| NORSK HYDRO | NO0005052605 | 1 | 94 | 1305 |
| SEADRILL | BMG7945E1057 | 1 | 94 | 1306 |
| TELENOR | NO0010063308 | 1 | 94 | 1307 |
| ORKLA | NO0003733800 | 1 | 94 | 1308 |
| MARINE HARVEST | NO0003054108 | 1 | 94 | 1310 |
| NORSKE SKOGINDUSTRIER | NO0004135633 | 1 | 94 | 1311 |
| PETROLEUM GEO-SERVICES | NO0010199151 | 1 | 94 | 1312 |
| ROYAL CARIBBEAN CRUISES | LR0008862868 | 1 | 94 | 1313 |
| STOREBRAND | NO0003053605 | 1 | 94 | 1314 |
| GJENSIDIGE FORSIKRING | NO0010582521 | 1 | 94 | 1321 |
| SUBSEA 7 | LU0075646355 | 1 | 94 | 1324 |
| DNB | NO0010031479 | 1 | 94 | 1328 |
| DNO | NO0003921009 | 1 | 94 | 10458 |
| Opera Software | NO0010040611 | 1 | 94 | 10459 |
| AKER SOLUTIONS ASA | NO0010716582 | 1 | 94 | 10460 |
| Norwegian Air Shuttle | NO0010196140 | 1 | 94 | 10462 |
| TGS NOPEC GEOPHYSICAL COMPANY | NO0003078800 | 1 | 94 | 10468 |
The described changes only apply for market participants that are currently covering Norwegian Single Stock Derivatives.
For further information on this IT notice, please contact
Mikael Siewertz
Nordic Equity Derivatives
+46 8 405 6000
mikael.siewertz@nasdaq.com
Mandus Petersson
System Management
+46 8 405 6000
mandus.petersson@nasdaq.com
