IT – INET Nordic – Additional Note Code for Warrants, Certificates and Exchange Traded Notes (28/15)
Nasdaq Nordic is planning to introduce a “Soft Knock” Note Code for Warrants, Certificates and Exchange Traded Notes (ETN). The Note Code is planned to be available on Nasdaq Copenhagen, Helsinki and Stockholm. Soft Knock is planned to be in INET production from July 20, 2015 and it will be available for testing in INET OTF and GCF4 as of June 8, 2015.
The functionality is optional for issuers and can be used where it has so been specified in the final terms/prospectus of the instrument in question.
An additional exchange notice will be sent out describing the usage of “Soft Knock” Note Code.
The start of the Soft Knock is indicated by the dissemination of the note code for the impacted order book through the “Order Book Directory” message in ITCH.
The end of the Soft Knock and the removal of the Note Code lead to ITCH relaying an “Order Book Directory” message with an updated Note Code field for the order book.
INET identifiers:
Market segments impacted by the additional note code:
|
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 |
|
XHEL |
OMX HEL Covered Warrants |
FIEQ WAR |
EUR |
64 |
93 |
|
XHEL |
OMX HEL Certificates |
FIEQ CERT |
EUR |
159 |
258 |
|
XHEL |
OMX HEL Exchange Traded Notes |
FIEQ COM |
EUR |
157 |
456 |
|
XCSE |
OMX CPH Warrants |
DKWA WAR |
DKK |
167 |
308 |
|
XCSE |
OMX CPH Certificates |
DKWA CERT |
DKK |
168 |
310 |
|
XCSE |
OMX CPH Exchange Traded Notes |
DKEQ COM |
DKK |
357 |
458 |
TotalView-ITCH:
A new value is added to the Note Codes field of the Order Book Directory message (section 4.3.1):
· 4 194 304 = “SK” - Soft Knock
The new Note Code will be used to indicate that a symbol is subject to Soft Knock.
GCF TIP:
In TIP, the Note Code is relayed through the Basic Data Tradable message BDt or intraday in the real-time Notification message NOt.
Protocol specifications:
Next versions of INET protocol specifications are available at the Nasdaq Nordic Technical Information website, under INET Nordic Protocol Specifications.
Time schedule:
The Soft Knock Note Code is planned for launch:
· INET Test (OTF), GCF 4, GCF EXT2 – June 8, 2015.
· GCF Production – June 17, 2015
· INET Production – July 20, 2015.
INET Nordic Market Model:
Changes will be reflected in the Market Model valid from July 20, 2015.
Questions and feedback:
If you have any questions regarding this Exchange Notice, please contact Nasdaq Tech Support at:
+46 8 4056410, 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 OMX Copenhagen A/S, NASDAQ OMX Helsinki Ltd, NASDAQ OMX Iceland hf., NASDAQ OMX Riga AS, NASDAQ OMX Stockholm AB, NASDAQ OMX Tallinn AS and AB NASDAQ OMX Vilnius. Nasdaq Nordic represents the common offering by Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm.
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