IOB Newsletter- December 2014

  • FESE1 / FESE 2 quarterly tick size review
  • SUSQUEHANNA new market maker on LSEDM

    Active on OBX index, IOB DR and Norwegian Stock options

 

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This month's top 10 most traded names and volume risers on the IOB

FESE1/ FESE 2 Quarterly tick size review: Novatek moving FESE Table

Based on the average daily turnover and average daily time-weighted spread observed in the latest review period (22 September to 28 November 2014), one IOB security will move from FESE table 1 to FESE Table 2 for tick size determination.

As a reminder of the published criteria:

FESE 2 to 1 selection criteria: > $30m average daily order book turnover and < 20 bps TWS

FESE 1 to 2 de-selection criteria:< $30m average daily order book turnover and > 10 bps TWS

Please see the summary informing this decision below. Whilst Rosneft has also dropped below $30m ADT, it still has an average spread of below 10bps.

TIDM

Name

ISIN 

Average Daily Order

Book Turnover

Average time-weighted

Spread

Current FESE Table

New FESE Table

OGZD

Gazprom

 US3682872078

$113.7m

4.78

1

1

SBER

SBERBANK

 US80585Y3080

$95.3m

6.42

1

1

LKOD

LUKOIL ADR

 US6778621044

$90.0m

5.52

1

1

MNOD

MMC NORILSK ADR

 US46626D1081

$54.1m

7.01

1

1

MGNT

MAGNIT

 US55953Q2021

$43.2m

10.47

1

1

NVTK

NOVATEK REGS

 US6698881090

$29.3m

12.89

1

2

ROSN

ROSNEFT

 US67812M2070

$27.6m

7.02

1

1

SMSN

SAMSUNG EL.GDR

 US7960508882

$23.4m

11.04

2

2

URKA

URALKALI

 US91688E2063

$13.7m

12.72

2

2

SEC Class No-action Relief now available for LSEDM eligible single stock and index options

Following an application to the SEC, London Stock Exchange Derivatives Market announced, on 20 November 2014, that it has received class no-action relief status for its UK and IOB stock, depositary receipt and index options. This new status enables London Stock Exchange Derivatives Market, and its eligible members, to offer certain US registered broker-dealers and large financial institutions these products, further enhancing the market's global offering. More details available here>> 

New Product Launch - Cash settled IOB DR options and futures, cash settled UK stock options

Cash settled IOB DR options and futures as well as cash settled UK stock options are now available for Trade Reporting only on London Stock Exchange Derivatives Market. Read the Market notice >>

IOB Equity trading in November 2014

IOB cash equity Average Daily Turnover was $530 million

IOB Events

London Stock Exchange Drinks Reception in Moscow, 27 November 2014: The event was an opportunity to meet the IOB and Primary Markets Team, as well as network with other industry professionals. Attendees included Corporates, Banks, Brokers and Buy-side. Find out more about the Event>>

Membership

At the end of November 2014, LSE has 359 member firms; 91 members have trading access to IOB (CCP)

There were no new member firms in November