IT – CLICK/SECUR – Increase of decimals for EUR single stock options and forwards, details for testing (49/09)

As previously announced in Exchange Notice IT 46/09, NASDAQ OMX Derivatives Markets will, as of July 2009, increase the number of decimals in exercise and forward prices for single stock options and forwards denominated in EUR. Following the change, exercise and forward prices will have three decimals. The tick size will remain at EUR 0.010.

NASDAQ OMX Derivatives Markets will offer members and third party application developers the possibility to test the described changes for four different Finnish underlying in both CLICK/SECUR External Test System 1 and External Test System 3.

A new underlying will be created for each share. Open series will be adjusted to the new underlying in the same way as when a corporate action is performed for an underlying, creating new series. Since only the first five (5) characters of each underlying will be displayed in the options and forwards instrument series name, the new series will have the same series name standard as the old series, the only difference being that the strike price will be shown with three decimals where applicable.

Please download the attached file for more information.