IT – INET Nordic – Updates to Nasdaq Nordic matching priority (28/17)


Based on Member request Nasdaq Nordic introduces a possibility to opt-out from having orders benefitting from the Internal Crossing priority during continuous trading.

A Member may opt-out on user level from having orders benefitting from the internal priority. If a Member opt-out, aggressive orders will be automatically matched in accordance with following priority; 1=price; 2=displayed; 3=time; hence no internal Member priority.
 

Protocol specifications 

There are no updates to INET Nordic protocols due to this change. Latest INET Nordic protocol specifications are available at the Nasdaq Nordic Technical Information website, under INET Nordic Protocol Specifications.
 

Documentation

Changes will be reflected in INET Nordic Market Model and Nasdaq Nordic Member Rules (“NMR”) effective June 7, 2017, published on Rules and Regulations for the Nordic Markets.


Time schedule

  • INET Test (NTF) – May 15, 2017
  • INET MiFID II Test (M2) – May 15, 2017
  • INET Production – June 7, 2017  
     


How to order the service

Members interested in this service should contact Nasdaq Cash Equity Operations for ordering the configuration change.


Questions and feedback

For further information and feedback concerning this information, please contact:

Riitta Pesiö
Tel: +46 8 405 6437
E-mail:
riitta.pesio@nasdaq.com

 

Support

For technical questions, please contact:

Nasdaq Cash Equity Operations
Tel: +46 8 405 6410
E-mail:
operator@nasdaq.com 



Best regards,

Nasdaq Nordic

 

Nasdaq Nordic represents the common offering by Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm. Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm are respectively brand names for Nasdaq Copenhagen A/S, Nasdaq Helsinki Ltd, Nasdaq Iceland hf. and Nasdaq Stockholm AB.


Attachments

IT-Notice_INET Matching Priority_Updates.pdf