Currently OMX Derivatives Markets accepts applications for registration of Internal or Interbank transactions via the Clearing Member's electronic connection to the Exchange's clearing system if; the agreed price is not less than, or greater than the bid and ask prices quoted in the exchange trading system at the time of reporting.
On June 2nd, the OMX Derivatives Markets rules and regulations concerning external trade reporting will be updated and OMX Derivatives Markets will also accept electronic trade reports when the agreed price is outside the current spread quoted in the exchange trading system – or if such prices are missing and the prices are regarded by the Exchange as being reasonable – if the agreed price is not less than or greater than the lowest bid and highest ask price during a period of five minutes prior to the application for registration. Upon this type of application, trade type Normal Trade shall be stated. This change will be implemented in the system on June 16th.
Late 2008 or early 2009, depending on when third party trading applications can support more than one trade type, electronic trade reports will also be accepted if the agreed price is not less than or greater than the lowest bid and highest ask price quoted in the exchange trading system during the day.
