Millennium Exchange Oslo Børs – CDS Maintenance

From Wednesday 6 December, CDS will be available with the following changes:

• All segments will be configured according to MiFID II regulations, including:
  • Maximum order value validation
  • Minimum total value for Iceberg orders at entry/modification
  • Liquidity classifications (“liquid” vs “illiquid”)
    • Equities: Classifications according to expected ESMA values
    • Fixed Income: Classifications deviate from expected ESMA values (to facilitate testing)
• Deferred publication rules (volume & capacity requirements)
• RFQ Pre-trade transparency model
• System derived MiFID II transaction flags
• Turquoise Lit Auctions(TM) will be available for test
• The list of instruments will be updated to correspond with production (with the addition of Turquoise Lit Auctions(TM) order books)