#16-1203 Information regarding new tick size tables which allows for three decimals

Starting Monday 30 January 2017, NGM ETP markets segments (listed below) will have new tick size tables which allows for three decimals in the price range 0,001 – 0,999.

The new tick size table will be implemented in the test system on the 26nd of December 2016.

Detailed information of the change

The new tick size table for the instruments listed on the affected market segments is listed in the table below:

Price interval  Tick size 
0,001 - 0,999  0,001 
1,00 -   0,01 

The tick size tables are as before always disseminated in the Security List (y) message of the NGM FIX Protocol as well as in the detailed instrument information of NGM MDAPI.

The market segments that the new tick size table will apply to are listed in the table below:

Parent market segment  Affected market segment  Short code for market segment 
NDX Denmark  Certificates DK  DDCE 
   Exotics DK  DDEX 
   Knock-Outs DK  DDKO 
   Plain Vanillas DK  DDPV 
NDX Finland  Certificates FI  DFCE 
   Exotics FI  DFEX 
   Knock-Outs FI  DFKO 
   Plain Vanillas FI  DFPV 
NDX Norway  Certificates NO  DNCE 
   Exotics NO  DNEX 
   Knock-Outs NO  DNKO 
   Plain Vanillas NO  DNPV 
NDX Sweden  Certificates SE  DSCE 
   Exotics SE  DSEX 
   Knock-Outs SE  DSKO 
   Plain Vanillas SE  DSPV 

For further information concerning this NDX notice please contact:

NGM technical support, +46 8 566 390 60, support@ngm.se or

NGM market surveillance, +46 8 566 390 55, marketsurveillance@ngm.se

Nordic Growth Market NGM AB

About NDX

Nordic derivatives Exchange (NDX) is a market for listing and trading of derivatives and other structured products. The market is operated by Nordic Growth Market (www.ngm.se), a regulated exchange under the supervision of the Swedish Financial Supervisory Authority.

NDX offers listing and trading of derivatives and structured products and the ambition is to offer issuers and other market participants a flexible market for all types of products. Especially important for NDX is the encouragement of a market driven product development as well as the establishment of a powerful framework for marketing of issuers and issuers' products.

NDX offers an increased influence for issuers and increased opportunities for product development. Further, NDX offers a platform that also aims at increasing the understanding and knowledge of derivatives and other structured products for the members' customers.

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