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.
