IT – INET Nordic – Nasdaq Nordic introduces new market

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News Desk 2018

Oct 5, 2017 at 11:00 AM 18

IT – INET Nordic – Nasdaq Nordic introduces new market segments for Exchange Traded Notes (ETN) classified as securitized derivatives and transfers these instruments to First North (58/17)

As previously communicated in the IT Notice 55/17 , Nasdaq Nordic is planning to transfer the existing market segments for warrants and certificates on the Copenhagen, Helsinki and Stockholm regulated markets to respective First North exchanges. Additionally, market segments for ETN products will be split in to two new market segments; Leverage Certificates and Tracker Certificates and will be moved to respective First North exchanges. As with warrants and certificates move, this transfer is planned to be completed in a three step process where the new market segments under respective First North MTFs will be available in production on mid November 2017. A migration period for moving a limited set of existing instruments for verification will follow and as of December 1, 2017, trading will continue on the new market segments under First North in Copenhagen, Helsinki and Stockholm. Please find the detailed time schedule further down in this notice. The transfer of these products to First North is pending regulatory approval.

The new market will have the same characteristics in terms of issuers’ obligations, in terms of rules for member participation and trading functionalities.

INET identifiers:

Current market segments will be permanently closed at the end of the trading day on November 30, 2017. The trading will continue on the new market segments on First North MTFs as of 1 ^th of December.

Current Exchange/MIC	Current Market Segment name (Seq. No)	New Exchange/MIC	New Segment Name	Segment Symbol	Seq. No
XCSE	OMX CPH Exchange Traded Notes (196)	FNDK	CPH Tracker Certificates	CPH TRA	208
XCSE	OMX CPH Exchange Traded Notes (196)	FNDK	CPH Leverage Certificates	CPH LEV	209
XHEL	OMX HEL Exchange Traded Notes (157)	FNFI	HEL Tracker Certificates	HEL TRA	210
XHEL	OMX HEL Exchange Traded Notes (157)	FNFI	HEL Leverage Certificates	HEL LEV	211
XSTO	OMX STO Exchange Traded Notes (158)	FNSE	STO Tracker Certificates	STO TRA	212
XSTO	OMX STO Exchange Traded Notes (158)	FNSE	STO Leverage Certificates	STO LEV	213

Instrument Subtype:

For the purposes of the new Market Segments for Leverage Certificates and Tracker Certificates, a new instrument subtype for respective product will be created and will be sent out with the reference data.

1. Leverage Certificate

2. Tracker Certificate

More information regarding the individual instruments receiving new instrument subtypes will be communicated later.

Opening Hours:

There will be no changes in the current opening hours.

Turnover Lists and List population ids:

New turnover lists will be created for the market segments above. Please find the detailed table describing the details of the current and future turnover list and list population ids.

Exchange	List Name	Code	List ID	List Population name	List Population ID	Change description
XCSE	Exchange Traded Notes DKK	ETN DKK	124612	ETNs Copenhagen	123654	Will be deactivated 2017-11-30
FNDK	CPH Tracker Certificates	CPHTC	124629	CPH Tracker Certificates	123676	NEW
FNDK	CPH Leverage Certificates	CPHLC	124630	CPH Leverage Certificates	123681	NEW
XHEL	Exchange Traded Notes EUR	ETN EUR	124611	ETNs Helsinki	123653	Will be deactivated 2017-11-30
FNFI	HEL Tracker Certificates	HELTC	124631	HEL Tracker Certificates	123677	NEW
FNFI	HEL Leverage Certificates	HELLC	124632	HEL Leverage Certificates	123680	NEW
XSTO	Exchange Traded Notes SEK	ETN SEK	124610	ETNs Stockholm	123652	Will be deactivated 2017-11-30
FNSE	STO Tracker Certificates	STOTC	124633	STO Tracker Certificates	123678	NEW
FNSE	STO Leverage Certificates	STOLC	124634	STO Leverage Certificates	123679	NEW

Market access:

All members trading in these products that do not have access to First North are required to be activated in order to trade the products in the scope after the transfer to First North. For more information regarding the activation procedure, please contact Nasdaq Cash Equity Operations at operator@nasdaq.com .

Time schedule:

- INET Test (NTF) and GCF TST4 – October 16, 2017

- INET Test (M2) and GCF TST3 – October 16, 2017

- Tentative dates for INET and GCF production launch:

1. New market segments available– November 15, 2017

2. New market segments available for test transfer of a limited set of existing instruments from the regulated market to new market segments under First North – November 15, 2017 until the end of the trading day on November 30, 2017

3. Closure of the market segments on the regulated market and transfer of the remaining instruments to the new market segments under First North:

a. Closure of the existing Market Segments on the regulated markets: End of trading day on November 30, 2017

b. All instruments traded on First North Sweden, First North Denmark, First North Finland: December 1, 2017

Market Model

The Nasdaq Nordic Market Model will be updated and will be effective as of November 15, 2017

Testing support

For technical questions relating to testing, please contact Nasdaq Cash Equity Operations:

Tel: +46 8 405 6410 E-mail: operator@nasdaq.com

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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