IT – INET Nordic – Changes to allowable Round Lot Size

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News Desk 2018
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IT – INET Nordic – Changes to allowable Round Lot Size for Warrants, Certificates, Exchange Traded Funds, Investment Funds and AIFs (31/18)

Based on requests by issuers, Nasdaq Nordic will allow Round Lot Size of certain instruments to be set to higher than one (1) going forward. Odd lots will continue not to be supported. Issuers of Warrants, Certificates, Exchange Traded Funds, Investment Funds and Alternative Investment Funds (AIFs) on Nasdaq Nordic will be able to list new instruments with Round Lot Size set to higher than one (1) as of June 18, 2018.

Round Lot higher than one (1) will only be allowed for new listings. Round Lot will remain equal to one (1) on all existing instruments. Order books’ Round Lot Size is already today available via instrument reference data. Additionally, Lot Size is included in the listing notices sent out prior to first trading day of the instruments.

Details:

Instruments in INET with the exception of bonds have had Round Lot set to one (1). Going forward, instruments which have their first trading day on or after June 18, 2018 in the below market segments, will be allowed to have Round Lot set to higher than one (1). Order books’ Round Lot Size will continue to be available via instrument reference data and listing notices.

Issuers may list new instruments with Round Lot Size higher than one (1) on the following market segments:

MIC Market Segment Segment symbol Sequent Number
FNSE STO Certificates STO CERT 188
FNSE STO Leverage Certificates STO LEV 213
FNSE STO NMMO Tracker Certificates STO TNM 158
FNSE STO Tracker Certificates STO TRA 212
FNSE STO Warrants STO WAR 186
XSTO OMX STO Fund units SEEQ XFU 17
XSTO OMX STO Fund units NOK SEEQ XFU NOK 185
XSTO OMX STO Alternative Investment Funds SEEQ AIF 204
FNFI HEL Certificates HEL CERT 189
FNFI HEL Leverage Certificates HEL LEV 211
FNFI HEL Tracker Certificates HEL TRA 210
FNFI HEL Warrants HEL WAR 187
XHEL OMX HEL Fund units FIEQ FUI 69
FNDK CPH Certificates CPH CERT 206
FNDK CPH Leverage Certificates CPH LEV 209
FNDK CPH Tracker Certificates CPH TRA 208
FNDK CPH Warrants CPH WAR 207
XCSE OMX CPH Fund units DKEQ FUI 205
XCSE OMX CPH Alternative Investment Funds DKEQ OCIS 104
XCSE OMX CPH Investment Funds DKEQ UTC 16

Protocol specifications

No protocol impact.

GCF/TIP:

No technical changes. In GCF/TIP, information on Round Lot Size for a symbol can be found in the LotSize field “LSz” in BasicDataTradable .

Totalview ITCH:

No technical changes. In Totalview ITCH, Round Lot Size for the symbol can be found in the Order Book Directory in “Round Lot Size”.

Current and future versions of INET protocol specifications are available at the Nasdaq Nordic Technical Information website.

INET Nordic Market Model

The Nasdaq Nordic Market Model is not impacted by this change.

Nasdaq Nordic Member Rules

Please note that this change will be reflected in the Nasdaq Nordic Member Rules, effective June 18, 2018. The change is subject to Regulatory review.

Time schedule

  • INET Test (NTF) – May 24, 2018
  • INET Production – June 18, 2018

Questions and feedback

For further information and feedback concerning this information, please contact:

Hanna Kirk E-mail: hanna.kirk@nasdaq.com

Support

For technical questions, 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 and Nasdaq Stockholm are respectively brand names for Nasdaq Copenhagen A/S, Nasdaq Helsinki Ltd, Nasdaq Iceland hf. and Nasdaq Stockholm AB. Nasdaq Nordic represents the common offering by Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm.

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