#17-8 Implementation of new tick size tables – order books will be flushed
As communicated in NDX Notice Denmark #16-79 on December 20th, 2016, there will be a change regarding tick size tables.
Please note that the order books will be flushed at the end of the trading day today.
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.
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.