IT – INET Nordic – Reminder: Additional optional Tick

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News Desk 2018
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IT – INET Nordic – Reminder: Additional optional Tick Size table for Exchange Traded Products (8/17)

As previously communicated in IT Notice ( 3/ 17 ), Nasdaq Nordic will introduce an additional, optional tick size table for Exchange Traded Products on Nasdaq Stockholm. The additional tick size table for Warrants, Certificates and Exchange Traded Notes on XSTO contains tick size 0.001 for price levels under 1 SEK. For price levels 1 SEK or above, the tick size is 0.01. The table is an existing, currently not used tick size table which will be renamed and reconfigured for this purpose. The change is planned for INET and GCF production as of February 20, 2017 and testing has been available in INET Test (NTF) and GCF - TST4 as of February 13, 2017.

Details

INET identifiers:

Issuers of instruments within the following market segments may opt for the tick size table as of February 20, 2017.

Exchange / MIC Segment name Segment symbol Currency Seq. no GCF ID
XSTO OMX STO Warrants SEEQ WAR SEK 4 21
XSTO OMX STO Certificates SEEQ CERT SEK 160 256
XSTO OMX STO Exchange Traded Notes SEEQ COM SEK 158 264

Tick size table details:

Table Id: 223

Price levels Tick Size
0.000 - 0.999 0.001
1.00 - 0.01

Tick Size Table name change:

Current name New name as of February 20, 2017
XTAL-equities 3 dec. ETP table1

Testing

The following order books have been configured with the new tick size table in INET Test (NTF) as of February 13, 2017:

Order book id Market Segment Symbol
119827 OMX STO Exchange Traded Notes BEAROLJAX8AVA
121366 OMX STO Exchange Traded Notes BEARDAXX15AVA3
124217 OMX STO Warrants MINILEURSEKAVA10
124219 OMX STO Warrants MINILEURSEKAVA12

Protocol specifications

No changes to protocol specifications.

Current versions of INET protocol specifications are available at the Nasdaq Nordic Technical Information website, under INET Nordic Protocol Specifications .

Implementation schedule

The additional tick size table will be available for XSTO Exchange Traded Products:

-         INET Test (NTF), GCF - TST4 – as of February 13, 2017

-         GCF Production – February 20, 2017

-         INET Production – February 20, 2017

Documentation

INET Nordic Market Model: Changes will be reflected in the Market Model. The current and future version of the Market Model can be viewed at http://business.nasdaq.com/list/Rules-and-Reg...index.html .

Support

For technical questions, please contact Nasdaq Cash Equity Operations: Tel: +46 8 405 6410, E-mail: operator@nasdaq.com

List of test instruments can be requested from Nasdaq Cash Equity Operations.  

Best regards, Nasdaq Nordic  

Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland, Nasdaq Riga, Nasdaq Stockholm, Nasdaq Tallinn and Nasdaq Vilnius are respectively brand names for Nasdaq Copenhagen A/S, Nasdaq Helsinki Ltd, Nasdaq Iceland hf., Nasdaq Riga AS, Nasdaq Stockholm AB, Nasdaq Tallinn AS and AB Nasdaq 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.

 

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