Effective February 16, 2015, Nasdaq Copenhagen and Nasdaq Stockholm will introduce CCP clearing on the mid cap shares.
As informed about in IT Notices published December 2, 2014 and December 19, 2014 IT - INET Nordic – Expanded CCP scope in Denmark and Sweden (113/14) Nasdaq Nordic has decided to expand the scope of instruments that are CCP cleared on Nasdaq Copenhagen and Nasdaq Stockholm to include shares in the mid cap segments.
The expansion requires:
- names changes for certain market segments
- a new market segment on Nasdaq Copenhagen: CPH Equities intraday cross with INET market segment ID 203 and GCF ID 730
Please see the above IT Notice for details as well as the attached overview.
Time line
- INET test environment (OTF) and GCF4: since January 19, 2015
- INET production and GCF production: from February 16, 2015
Overview of order books and market segments
Enclosed please find an overview of impacted market segments as well as the Danish and Swedish mid cap order books that will be CCP cleared from and including February 16, 2015.
Activities on order books on launch
Because of the moving of order books from one market segment to another, two market segments will be flushed on Friday February 13, 2015:
- OMX CPH Equities with ID 14 – mid cap and small cap order books
- Flushing during post trade at 17:00 CET
- OMX STO Equities with ID 2 – mid cap order books
- Flushing during post trade 17:30 CET
- Good-til-cancel orders will be deleted, and particpants will have to consider reentering them on Monday February 16, 2015
- Trades with deferred publication will be published on Friday February 13, 2015 before close (17:20 CET for Copenhagen and 18:00 for Stockholm).
- Please note that each and every order book on the two segments will be flushed.
INET Nordic Market Model
The changes are updated in the Markel Model, Appendix S, version 2015:2 which you find on http://www.nasdaqomx.com/listing/europe/rulesregulations/
Support
If you have any questions regarding this Exchange Notice, please contact Nasdaq Nordic Tech Support at: +46 8 405 6410, operator@nasdaq.com
Best regards
Nasdaq Nordic
Encl: Order Books and Overview of Market Segments
Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland, Nasdaq Riga, Nasdaq Stockholm, Nasdaq Tallinn, and Nasdaq Vilnius are respectively brand names for NASDAQ OMX Copenhagen A/S, NASDAQ OMX Helsinki Ltd., NASDAQ OMX Iceland hf., NASDAQ OMX Riga AS, NASDAQ OMX Stockholm AB, NASDAQ OMX Tallinn AS, and AB NASDAQ OMX Vilnius.
Nasdaq Nordic represents the common offering by Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland, and Nasdaq Stockholm.
Nasdaq Baltic represents the common offering by Nasdaq Tallinn, Nasdaq Riga, and Nasdaq Vilnius .
