Derivatives: Reminder: Changed method at standard exercise for stock options and exercise procedure for stock futures (43/09)

NASDAQ OMX Derivatives Markets has, as of today, changed the reference price used at standard exercise of stock options from Volume Weighted Average Price (VWAP) to the official closing price (Last Paid) of the underlying share. If the intrinsic value of the option, calculated with Last Paid, exceeds 1 % of the exercise price at expiration the option will be exercised, provided that the holder of the option has not denied standard exercise.

There has also been a change of reference price (Fix) on the expiration day for stock futures (daily cash settlement), from VWAP to Last Paid.

In connection to this change NASDAQ OMX has changed the time for publication of the official closing price of the underlying share. As of today the official closing price will be published at the time of the trading state ”Post Trade” in SAXESS at approximately 17.40 CET. The publication of the official turnover will, unchanged, be made at the start of trading state ”Closed” at approximately 18.00 CET.

For further information, please see the attached document.