Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013
Announcement

26417

Nasdaq Nordic introduces new rules for securitised derivatives traded in Genium INET

RELATED TOPICS​

A subset of structured products traded on the fixed income markets of Nasdaq Helsinki and Nasdaq Stockholm in Genium INET have been classified as securitised derivatives in accordance with MiFIR and MiFID II.

The products in question are leverage certificates such as market warrants. MiFIR stipulates that transactions in securitised derivatives must be cleared by a CCP when traded on a regulated market. As a consequence, the instruments will be transferred to the multilateral trading facility Nasdaq First North, operated by Nasdaq Nordic on 18 December, 2017.
 
Nasdaq Nordic has published a new rulebook that covers securitised derivatives traded in Genium INET on a new market segment on its multilateral trading facility (MTF), Nasdaq First North. The name of the new segment of Nasdaq First North is Nasdaq Structured Leveraged Products.
 
The Rulebook is to a large extent a copy of relevant parts in the Nasdaq Stockholm Rule Book for issuers, the Nasdaq Copenhagen Rules for issuers of bonds and the current Chapter 5 of the Rules of the Exchange of Nasdaq Helsinki, applicable for the Exchange’s regulated markets. There are no substantial changes in the rules.
 
The new Rulebook will enter into force on 18 December 2017 and will govern the securitised derivatives segments in the Genium INET trading system of Nasdaq First North. The current rules in force will be applicable for the securitised derivatives until the instruments are transferred.

Latest News

Irish domiciled funds surpassed EUR4.3 trillion AuM (Assets under Management) at end-March 2024, a 15..
New analysis by London-based Nickel Digital Asset Management reveals 38 listed companies with a combined..
Bloomberg has announced that for the first time, its proprietary Bloomberg Second Measure (BSM) transaction..

Related Articles

Global ESG Investing
On May 15 Florida’s Republican Governor Ron DeSantis signed legislation that furthers his ongoing campaign to oppose the role of climate change and ESG factors in state policymaking...
On May 15 Florida’s Republican Governor Ron DeSantis signed legislation that furthers his ongoing campaign to oppose the role of..
Trends
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100 million deals announced this month alone...
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100..
Different flavours
In what is believed to be the first survey of its kind in the UK market, Nedgroup Investments, the investment-led, multi-boutique global asset manager with over USD20 billion under management, recently undertook a survey with 204 UK investment professionals, seeking insights into their perceptions and attitudes towards boutique asset managers...
In what is believed to be the first survey of its kind in the UK market, Nedgroup Investments, the investment-led,..
UK map
UK local government pension schemes (LGPS) are leading the charge on investment in private markets issuing tenders set to be worth billions of pounds in the coming years...
UK local government pension schemes (LGPS) are leading the charge on investment in private markets issuing tenders set to be..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by