Derivatives: Introduction of Weekly options on Norwegian shares on June 8th (51/15)


NASDAQ OMX Derivatives Markets will introduce weekly options on Norwegian shares. The launch date for introduction of weekly options on Norwegian shares in production is set to Monday June 8th, 2015, and the product is available for member testing in external test systems 1 as of Monday June 1 and in external test systems 3 as of Tuesday June 2.

As of June 2, 2015, the new series will be available, but not tradable until June 8, 2015. The series will be included in the Market Notice “New Strikes Stock Products” that will be sent out after business on June 1, 2015.

A fee holiday is introduced on trading and clearing of Norwegian single stock weekly options. All transaction fees related to weekly options on Norwegian shares, as well as exercise and assignment fees related to weekly options on Norwegian shares, will be waived during the fee holiday. The fee holiday will run until September 30, 2015.

Furthermore, a designated Market Maker scheme for Weekly options on Norwegian shares will be introduced effective from the first trading day. Susquehanna International Securities Ltd has agreed to act as a designated market maker for Weekly options on Norwegian shares.

For further information regarding this Exchange Notice please see the attached file covering a description of the series designation, a product specification, and an overview of the transaction fees for stock weekly options, or contact Mikael Siewertz, telephone +46 8 405 6334 or Håkan Walden, telephone +46 8 405 7170


Attachments

51_Introduction of Weekly options on Norwegian shares_1.pdf