CCP - Spotlight Stock Market

As of December 2, 2024 Spotlight Stock Market use Central Counterparty solution in the INET Nordic trading system. 

Instruments that are CCP cleared are all "shares" on the following market segment MICs:

  • SPDK - Spotlight Denmark - all shares
  • SPNO - Spotlight Norway - all shares
  • XSAT - Spotlight Sweden - all shares
  • (Spotlight Finland - all shares, currently no listings in this segment)

All CCP cleared instruments are cleared through the following  interoperating CCPs;

  • Cboe Clear Europe N.V. (MCF)
  • LCH Ltd, and (LCH)
  • SIX x-clear Ltd (XCLR)

CCP clearing for Spotlight shares follows the same technical principles as used on Nasdaq Nordic markets in the INET Nordic trading system. This means that “MCF”, “LCH” or “XCLR” will be contra to any trade:

  • In FIX - ContraBroker [375]
  • In OUCH - Contra Firm, TagValue 26

Instruments’ CCP Eligibility is provided as part of GCF TIP reference data in BasicDataTradable, field CCPList. Updated reference data will be available via GCF.