Wednesday December 3 2014
News Source: Global Exchanges
Focus: General - Global Exchanges
Type: General
Country: International
Nasdaq Nordic has announced its decision to expand the scope of instruments that are CCP cleared on Nasdaq Copenhagen and Nasdaq Stockholm to include shares in the mid cap segments.
Currently, shares in the OMXC20 and OMXS30 indexes as well as large cap shares constitute the CCP scope on the two exchanges.
The expansion does not require updates to any of the protocols, and current applicable functionality for mid cap shares will not change; e.g. tick sizes will remain as is, and the scheduled intraday auction on the Danish mid cap shares will remain as is. It will, however, be required to set up a new market segment on the Danish market.
The expansion is anticipated to be launched earliest 2nd February 2015.
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