INET Nordic Migration Initiated Today 17.30 CET (07/10)

INET Nordic Migration Initiated Today 17.30 CET

This Notice is a confirmation that the migration activities will be started
today (February 5) after the markets closing auction.  A summary of the planned
activities and events are included. 

As of Monday February 8, NASDAQ OMX Copenhagen, Helsinki, Iceland, Stockholm
and the Baltic exchanges will launch the new trading system INET Nordic. 

All the Nordic and Baltic Equity and the Icelandic Fixed Income markets are
transformed into the new trading system INET Nordic. 

The Nordic Derivatives and Fixed Income markets for Copenhagen, Helsinki,
Stockholm and Baltics are not affected by the move to the new trading platform.
Oslo Bors is not affected by the migration. 

Friday Feb 5 - Order Books flushed and Deferred Trades Published
After the closing auction in each exchange the migration will be initiated with
the following activities: 

-All good-till-date (GTD/overnight) orders will be removed.  NASDAQ OMX
recommends that the members cancel orders on their own initiative after the
closing auction. 
-For the Baltic exchanges order books will be flushed between 15.15 and 15.30
CET. 
-For NASDAQ OMX Copenhagen, Helsinki, Stockholm and Iceland order books will be
flushed between 18.00 and 18.30 CET.  To have time for this activity closed
CLSD state change is moved until 18.30 for the Nordic markets. 
-Pending deferred trades will be published at the same time.

After this NASDAQ OMX, Members, Market Data Vendors, Service Bureaus and Data
Centres should initiate migration activities according to their launch plans. 

Saturday Feb 6 - Confidence Test
On Saturday the confidence test is mandatory for all Members, Market Data
Vendors. 
Service Bureaus and Data Centres. The confidence test includes: 

11.00 CET   INET and GCF will open for connectivity and reference Data Load
14.00 CET   All members and Market Data Vendors should have completed the
confidence test and reported the result to NASDAQ OMX. 
17.00 CET   NASDAQ OMX will send a message that migration is completed and
confirm that INET will be launched on Monday. In case a roll back is necessary
the market will be informed at this point of time. Sunday is reserved for roll
back. 

Monday Feb 8 - INET Nordic Launched
INET Nordic will be launched in the morning. The applicable market model is
described in the attached market model document. Below is a short summary of
the trading day and some differences compared to SAXESS. 
-All order books have kept their unique order book ID's from SAXESS. 
-Market segment numbers will not change. 
-The markets open according to the trading schedule specified in NASDAQ OMX
Nordic Market Model. There are no major changes in trading hours but there are
some differences in the open and closing auctions sessions, see below. 
-All order books will be empty when INET opens for order entry at 08.00 CET.
-Dissemination of Equilibrium price starts 15 minutes before the opening
auction. 
-Market orders will be allowed in the calls
-At the open auction all order books are opened within a few seconds (no
staggered opening). 
-Continuous trading starts immediately after the open auction.
-Circuit breakers are discontinued on INET Nordic
-Continuous trading will go on until 5 minutes before a market segments close.
At that point of time the Pre-close trading sessions starts.  There is no auto
matching. Equilibrium price is disseminated every second, if information is
changed. 
-The auction will take place randomly among order books the last 30 seconds
before a market segment move into Post-trade 
-Official closing prices will be sent out at state change to Post-Trade for all
exchanges except Copenhagen where official closing prices will be sent out when
state change to closed. 
-Turnover is sent out when state change to Closed 
For support and further information - please contact:

Trade support Helsinki and Stockholm	 +46 8 405 6570	
tradesupport.sto@nasdaqomx.com 

Trade support Copenhagen        +45 33 77 04 29    
tradesupport.cph@nasdaqomx.com 

Trade support Iceland           +354 525 2850       help.ice@nasdaqomx.com

Member services                 +46 8 405 6660     
memberservices@nasdaqomx.com 

Operator                        +46 8 405 6410      operator@nasdaqomx.com 


Note that INET do not support any central messaging functionality for exchange
notices. System status messages will be communicated through NASDAQ OMX
subscription service and Nordic Workstation. Subscribe for exchange and/or IT
notices at http://www.nasdaqomxnordic.com/News/marketnotices/Subscribe. 

NASDAQ OMX Stockholm
Gunilla Hellqvist 	
Vice President Nordic Operations