IT – Launch of new submarkets for Fixed Income markets on OMX Nordic Exchange Helsinki (76/08)

The OMX Nordic Exchange Helsinki will launch new sub markets with auto match trading functionality in the SAXESS trading system for structured products listed on the OMX Nordic Exchange Helsinki. 

The background for establishment of new dedicated submarkets targeting structured products is to increase focus and attention to this growing market segment. Establishment of new markets will create a secondary trading facility on a regulated market and will improve the quality of information disseminated for structured products targeting Finnish investors.

In specific two new submarkets will be established. One submarket targeting retail issuances of structured products, and one submarket targeting private placement issuances of structured products. The names of the new submarkets will be ‘OMX HEL FI Structured Products Retail’ and ‘OMX HEL FI Structured Products Tailor-Made’. 

The configurations of the new submarkets will be similar to the markets for structured products at the OMX Nordic Exchange Stockholm.

Structured products already listed on OMX Nordic Exchange Helsinki will be transferred to the relevant new submarkets.

All trading members at the OMX Nordic Exchange Helsinki will automatically receive access to the new submarkets.

Production launch for the new market set-up for structured products will be Monday 1 December 2008.
 
Time schedule 
•	The new SAXESS submarkets will be available for external test from mid-October 2008. Information about exact date for external test and available test systems will be announced to the market in the beginning of October 2008.

•	A list of already listed structured products that will be transferred to the new submarkets will be available to the market from 1 November 2008.

•	Production launch for the new sub-markets for structured products is 1 December 2008.

Contact
If you have any questions regarding technical issues about new market set-up for structured products at OMX Nordic Exchange Helsinki, please contact Marja Hyttinen, Market Place Operations, Helsinki, tel. +358 9 6166 7272. For general questions regarding the Finnish fixed income markets, please contact Claus Christensen, Nordic Fixed Income, tel. + 45 33 77 03 82.



Best regards 
OMX Nordic Exchange