Derivatives – Product Information 74/16


 

Fast market rules declared on Danish and Norwegian derivatives

With reference to the UK referendum Nasdaq Derivatives Markets has decided to declare that ‘fast market’ rules applies to the Danish and Norwegian derivatives markets effective immediately and valid until further notice.

Fast market implies changes to the ‘Cancellation and price adjustment of erroneous transactions’ rule and to the Market Maker obligations.

For cancellation and price adjustment rules during ‘fast market’ see section 2.A.11.16 under the Nasdaq derivatives markets rules.
http://business.nasdaq.com/Docs/chapter-2_exchange-rules.pdf

Regarding Market Maker obligations during ‘fast market’, Market Makers are allowed to use double the spread stated in the obligations.

 

 


For further information concerning this exchange notice please contact Aloke Sarnobat, telephone +46 8 796 9000 or Trading Surveillance, telephone +46 8 405 6290.

 


Attachments

74_Fast market rules declared on Danish and Norwegian derivatives.pdf