As communicated earlier, NASDAQ OMX Nordic is broadening its Norwegian offering.
As a first step, NASDAQ OMX Stockholm AB has admitted the remaining Norwegian shares listed on Oslo Børs and Oslo Axess to trading on First North Stockholm as of October 1, 2012. Trading of these shares is arranged on segment First North NOK. See a list of these shares attached to this Notice.
As a second step, new order routing strategy “PDLE” will be launched in INET Nordic Production on October 15, 2012. The “PDLE” routing strategy enables access to Oslo Børs opening and closing auctions as well as posting of orders on Oslo Børs.
The “PDLE” routing strategy is the latest addition to Nordic Order Routing service, designed to be a cost-efficient and an easy access solution available through NASDAQ OMX Nordic members’ existing connectivity. The Nordic Order Routing service is integrated with the INET Nordic core matching engine in Stockholm and is available by application to NASDAQ OMX Nordic members. Members that already have NASDAQ OMX Nordic Smart Order Routing agreement with NASDAQ OMX Nordic do not need to apply separately for “PDLE” strategy.
“PDLE” strategy highlights
- Enables participation in opening, closing and intra-day auctions at Oslo Børs via INET Nordic in all Norwegian shares;
- Enables posting of Limit priced Day and Good-till-Cancelled orders at Oslo Børs for continuous trading (First North Stockholm Norwegian shares only);
- A corresponding NASDAQ OMX Nordic on-exchange trade will be automatically created between the member and the Introducing Broker used by NASDAQ OMX Nordic to mirror the trade on Oslo Børs. Members see this trade as any other on-exchange trade;
- Executed trades will be CCP cleared by EMCF, European Multilateral Clearing Facility.
The “PDLE” strategy applies only for instruments traded on market segments:
| MIC | Segment Name | Segment Seq. no |
| XSTO | OMX STO Equities NOK | 180 |
| FNSE | First North NOK | 195 |
Change in trading day schedule
As of October 15, 2012, above segments’ trading day schedule will be changed: both Opening and Closing auction sessions will be removed; Continuous trading will be available from 9:00 CET to 17:30 CET.
For more information please visit our websites
Next version of INET Nordic Market Model
Questions and feed-back
For further information and feedback concerning this information, please contact NASDAQ OMX Tech Support at: +46 8 405 64 10, operator@nasdaqomx.com.
Best regards,
NASDAQ OMX Nordic
