Change Of Opening Hours On The Danish Derivatives Market

As a result of the introduction of a closing call auction on the Danish equity market on 4 April 2005, the trading hours for Danish futures and options are changed to 9:00-16:50 with effect from the same date.

Trades in the underlying shares executed during the closing call auction will be included in the calculation basis for the fixing of the expiration prices just as trades effected during continuous trading and trades concluded in the opening call auction are already included in such calculations.

The daily fixing of settlement prices for futures to be used for the current settlement will consequently be based on the prices at 16:50 instead of at 17:00, which is the case today.