Introduction of Cash-settled Single Stock Futures on seven Finnish Stock Classes (318/24)

Published

As of December 2, 2024, Nasdaq Derivatives Markets (Nasdaq Stockholm AB and Nasdaq Clearing AB) will introduce cash-settled futures contracts on the following Finnish stock classes: Huhtamäki (HUH), YIT-Yhtymä (YIT), Kemira (KEMIRA), Metsä Board B (METSB3), Metso (METSO), Nokian Tyres (TYRES) and Outokumpu (OUT). From that date, the new futures contracts will be available in the NDTS Trading and Genium INET Clearing systems, although suspended for trading and clearing until further notice.

Stock Class ISIN Derivatives Symbol Cash Ticker
Huhtamäki FI0009000459 HUH HUH1V
YIT-Yhtymä FI0009800643 YIT YIT
Kemira FI0009004824 KEMIRA KEMIRA
Metsä Board B FI0009000665 METSB3 METSB
Metso FI0009014575 METSO METSO
Nokian Tyres FI0009005318 TYRES TYRES
Outokumpu FI0009002422 OUT OUT1V

 

The trading and clearing start date will be communicated in a separate market notice at the minimum five trading days in advance.

The series will be included in the Market Notice “New Strikes Stock Products” that will be sent out after business on Friday, November 29, 2024.

There is no change in contract length (same as for Options and Forwards on each Stock Class); risk parameter, minimum block size, minimum deferral size or underlying code.

Flexible contracts are offered for all the stock classes.

The deliverable instrument for all the new derivatives is the stock class listed in Euro at Nasdaq Helsinki. All the derivatives instruments will be denominated in Euro.

Future contracts on Metso (METSO) and Valmet (VALMT) are available for member testing in EqD Test (trading) and EXT1 (clearing).

 

References to Exchange Rules and Regulations of Nasdaq Derivatives Markets

Relevant Contract Specifications for the new products above will be published in Chapter B of the Rules and Regulations for Nasdaq Derivatives Markets:

B.24 FIax FUTURES CASH (CASH SETTLED FUTURES IN FINNISH SHARES AND DEPOSITARY RECEIPTS

Please see the Appendixes -section of Rules and Regulations for:

  • Fee Lists,
  • Quotation List (available Contract Terms, Strike Price Intervals, On Request framework, and further details)
  • Market Model including, i.a. Spread Table, Market Maker Protection Quantity, Minimum Quote Size and Order Price Limit tables.

Trading hours and trading calendar are the same as for current Single Stock Derivatives on Finnish stock classes.

For further information concerning this exchange notice please contact Jari Elo, jari.elo@nasdaq.com  or telephone +358 9 6166 7275.

 

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.