Explanations to trading information

CCY (trading currency)

Specifies the currency the share is traded in.

Round lot

Smallest number of shares permitted for an official trade.

Liquidity segment

Oslo Børs listed shares are allocated to categories based on their liquidity, with a separate category for listed equity certificates (ECs). Shares listed on Oslo Axess are not allocated to liquidity segments.

Average daily turnover (ADT)

The ADT is defined by Finanstilsynet (The Financial Supervisory Authority of Norway) or by equivalent foreign authority for foreign shares, and reflects the average daily turnover value across all European markets, calculated in accordance with MiFID rules (see Commission Regulation (EC) No 1287/2006 Art 33). The ADT is used to calculate the minimum value for hidden orders, and to calculate for how long the publication of a manual trade may be delayed.

Minimum peak size for iceberg orders (EMS)

Defines the minimum visible size (“the peak”) when entering orders where a part of the total volume is hidden (“iceberg orders”). The visible size must be at least 1 * Exchange Market Size (EMS). The EMS is defined for each share and equity capital certificate to the number of shares which equals a value of approx NOK 10,000.

For Exchange Traded Products (ETPs) the EMS is 100 units. For Warrants the EMS is 10 000 contracts.

The EMS is reviewed and adjusted quarterly – every third Friday in December, March, June, September.

Standard static price monitoring %

If the change in trade price for an instrument exceeds more than the levels defined by static or dynamic price monitoring %, an Automatic Execution Suspension Period (AESP) (also called “circuit breaker”) is introduced. The AESP implies that a short auction call (approx 3 minutes) is performed in the instrument. Static price monitoring % defines the maximum price change allowed from a static reference price which is the price of the previous call, or yesterday’s closing price. Dynamic price monitoring % defines the maximum price change allowed from the previous trade price today. Please note that the reference prices and the allowed static/dynamic price monitoring % may be changed by Oslo Børs with no advance notification.

Standard dynamic price monitoring %

If the change in trade price for an instrument exceeds more than the levels defined by static or dynamic price monitoring %, an Automatic Execution Suspension Period (AESP) (also called “circuit breaker”) is introduced. The AESP implies that a short auction call (approx 3 minutes) is performed in the instrument. Static price monitoring % defines the maximum price change allowed from a static reference price which is the price of the previous call, or yesterday’s closing price. Dynamic price monitoring % defines the maximum price change allowed from the previous trade price today. Please note that the reference prices and the allowed static/dynamic price monitoring % may be changed by Oslo Børs with no advance notification.