IT – INET Nordic – Update: Nasdaq Nordic introduces new

New Post Public Reply Private Reply Replies (0) Message Board

News Desk 2018

Oct 31, 2017 at 2:00 PM 85

IT – INET Nordic – Update: Nasdaq Nordic introduces new market segments for instruments classed as securitized derivatives and transfers these to First North (76/17)

As previously communicated in 62/17 , 58/17 and 55/17 , Nasdaq Nordic is intending to transfer the existing Market Segments for warrants and certificates on the Copenhagen, Helsinki and Stockholm regulated markets to respective First North Multilateral Trading Facilities (MTFs) operated by Nasdaq Nordic.

Main updates

The intention to migrate and related time schedule has been discussed and confirmed with the Nordic Financial Supervisory Authorities.

Migration will start November 15, 2017 with new Market Segments available for early migration and new listings. Migration will be completed by an automatic transfer of all remaining Order books the evening November 30, 2017, effective December 1, 2017.

Based on MiFiD II requirements Nasdaq Nordic has decided to create additional Market Segments when transferring the Market Segments for Exchange Trading Notes (ETNs). Following new Market segments on respective Market will therefore be created:

(1) Tracker Certificates; and
(2) Leverage Certificates.

These Market Segments will fully support Market Maker Orders (MMO) used for Market Making purposes, please see 70/17 .

Additionally, based on Member request, a third transitional Market Segment will be added on First North Sweden for:

(3) Tracker Certificates non-MMO.

This Market Segment will not support MMO and will be provided for a selected group of Order books during a transitional period for those Market Makers not able to support MMO. This Market Segment will be transferred to First North Sweden on December 1, 2017 and it will be provided to the end of Q1, 2018 after which it will cease to exist.

This Market Segment will also differ in terms of the Trading Schedule, where the Order books will utilize the current production Trading Schedule, with a randomized opening auction uncrossing between 09:00:25 and 09:00:30 CET. In addition Safeguards in Opening auction and Volatility Guards will apply due to MiFID II requirements. Separate notice will follow on the configuration of these mechanisms to manage volatility.

Migration plan

The transfer will 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. This effectively means that the last day of trading in warrants and certificates on the existing market segments on the regulated market will be November 30, 2017. Please find the detailed time schedule further down in this notice.

INET identifiers:

Current market segments will be permanently closed at the end of the trading day on November 30, 2017, with the exception that the Market Segment OMX STO Exchange Traded Notes (158) will move under First North with a new segment name STO NMMO Tracker Certificates. The trading will continue on the new and moved market segments on First North MTFs as of 1th of December.

Current Exchange/MIC	Current Market Segment name	New Exchange/MIC	New Segment Name	Segment Symbol	Seq. No
XCSE	OMX CPH Certificates (168)	FNDK	CPH Certificates	CPH CERT	206
XCSE	OMX CPH Warrants (167)	FNDK	CPH Warrants	CPH WAR	207
XHEL	OMX HEL Certificates (159)	FNFI	HEL Certificates	HEL CERT	189
XHEL	OMX HEL Covered Warrants (64)	FNFI	HEL Warrants	HEL WAR	187
XSTO	OMX STO Certificates (160)	FNSE	STO Certificates	STO CERT	188
XSTO	OMX STO Warrants (4)	FNSE	STO Warrants	STO WAR	186
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
XSTO	OMX STO Exchange Traded Notes (158)	FNSE	STO NMMO Tracker Certificates	STO TNM	158

Opening Hours:

There will be no changes in the current opening hours.

Turnover Lists and List population ids:

New turnover lists and list population ids will be created for the instruments traded on the new market segments for Tracker Certificates and Leverage Certificates. Please find the table describing the details of the current and future turnover list and list population ids below. There will be no changes in the current turnover lists and list population ids for Warrants and Certificates.

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

New Market Segment ”STO NMMO Tracker Certificates (158) STO TNM” will be included in “STO Tracker Certificates (212) STO TRA” turnover lists.

Market access:

Members trading in Securitized Derivatives today that do not have access to First North market(s) are required to be activated in order to trade the instruments in scope after the transfer to First North. For more information regarding the activation procedure, please contact Nasdaq Cash Equity Operations at operator@nasdaq.com .

Test system:

There will be test instruments configured on each new Market Segment as of October 9, 2017. Please find the attached excel sheet containing the identifiers of the instruments available for testing on the new Market Segments.

Time schedule:

INET Test (NTF) and GCF TST4 – October 9, 2017
INET Test (M2) and GCF TST3 – October 9, 2017
Market Segment STO NMMO Tracker Certificates (158) STO TNM available in NTF (GCF TST4) and M2 (GCF TST3) test environments – November 6, 2017

Dates for INET and GCF production launch:

New market segments available– by November 15, 2017
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
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 the new versions will be effective as of November 15 and December 1, 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.

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Stoke Space Raises $1B; XTEND AI Hits NYSE

A Billion-Dollar Boost for Stoke Space Ever catch wind of a company hauling in a cool billion and shrug it off? Me neither. Stoke Space Technologies just locked down $1 billion in Series E funding. This ain't some pocket change—the kind of dough you need when you're eyeing stars and plotting orbital voyages. They're gearing up for a 2027 mission with their Nova...

ASCEND® Cladding Unveils New Profiles & Texture Variety

New Options for Creative Home Exteriors Amid today's housing market rollercoaster, a sprinkle of bold innovation in building materials can make a statement—and that's precisely what Associated Materials Innovations (AMI) is banking on with their latest beef-up in the ASCEND® Composite Cladding lineup. Introduced out of Cuyahoga Falls on Sept. 8, 2026, this expansion...

VitalCore Pioneers Jail Behavioral Health Expansion

The Big Move in Correctional Healthcare VitalCore Health Strategies has made an impressive move with the opening of a 60-bed Behavioral Health Unit at Shawnee County Jail in Topeka, Kansas. The unit, part of a $21 million expansion completed on August 24, is set to change the landscape for inmates needing mental health and substance use treatment. This isn't just a slap...

Big Wins at Americas Cardroom's $15M Venom Series

High Stakes and Huge Paydays: The Venom Breakdown Alright, folks, here's a tale of how the cards fell in one of the most electrifying poker standoffs at Americas Cardroom. With prize pools clocking in at a staggering $15.095 million, the Dual Mystery Bounty Venoms really stacked the chips high. From the gritty, bustling halls of the internet to the proverbial green-felt...

Spot the Signs: Early Gum Disease Insights from Experts

Why Early Detection of Gum Disease Matters Let's dive right into the crux of things. Gum disease, that sneaky antagonist of oral health, starts unassumingly. You brush, you floss, but those gums might still bleed—ever noticed? Dr. Marian Burgard of Fairport Family Dental has a thing or two to say about this, enlightening us through an insightful piece by HelloNation....

Everpure Surges into the S&P 500: A Milestone Move

Big Leagues Beckon: Everpure Enters the S&P 500 Another day, another dollar, but today ain't just any day for Everpure. They’re stepping up from the minor leagues and grabbing their spot in the illustrious S&P 500 lineup. We're talking about a milestone that every company dreams of, but few achieve—this ain't your regular Tuesday headline. Stock Market's Stamp of...

Innventure Faces Major Lawsuit Amidst Market Turmoil

The Plot Thickens with Innventure's DarkNX Project Buckle up, fellow market sling-riders; the Innventure tale is a rocky one for the books. Imagine this: You’ve plunked down your hard-earned cash on Innventure Inc. (NASDAQ: INV), lured by their glowing pronouncements about a supposed golden egg project, the Accelsius DarkNX data-center deal. A big talk about...

AllyGPO Shines as Top Innovator in Health Tech

Innovative Excellence in Healthcare Tech It's not every day you see a specialty group purchasing organization like AllyGPO snagging a spot on Fast Company's esteemed list of Best Workplaces for Innovators. Making it into the top half at number 40 in 2026, it’s a testament to a company really leaning into employee-driven innovation. And, buddy, this ain't just corporate...

Drunk Angel Celebrates First Year in Crystal Jewelry

One Year Down, A Unique Path Forward It's been a year since Drunk Angel jumped into the online jewelry scene, and they're setting themselves apart in their own glittery lane. Imagine starting a brand that's not just about pretty trinkets, but about linking those tiny treasures to timeless traditions. They've got their sights set on blending the deep tales of gemstones...

MADD, Uber Rally at Capital Invitational for Safe Choices

Driving Change at the Capital Invitational Let's talk about a powerhouse collaboration aiming to do more than just thrill basketball fans. We're looking at MADD Sports, Uber, and the Capital Invitational joining forces at The St. James in Springfield, Virginia, on December 10, 2026. This is not your average sporting event; it's a gathering with a bigger purpose. The...