IT – INET Nordic OUCH - Allowing Top Of Book Order on non-CCP stocks (61/18)

| Source: Listing and Trading Operations Listing and Trading Operations

Background


Based on member request Nasdaq Nordic has decided to enhance the Top Of Book Order.


Currently TOP Orders are not allowed on non-CCP stocks. This validation will be removed for all TOP Orders. This means that TOP orders may be sent in on all stocks. Note that other validations on TOP Orders will not change, e.g. a TOP Order may not cross the spread.

 
Protocol specifications


There are no changes to INET Nordic protocol specifications due to this change.
Current and new protocol versions are available at the Nasdaq Nordic Technical Information website, under INET Nordic Protocol Specifications.
 
Time schedule

-          INET Test (NTF) – November 6, 2018
-          INET Production – January 21, 2019 
 
Legal and Market Model

There will be an update to the INET Nordic Market Model, effective January 21, 2019. 

Questions and feedback

For further information and feedback concerning this information, please contact Ronny Thellman, +46 8 405 63 13, ronny.thellman@nasdaq.com or Anders Green, +46 8 405 6752, anders.green@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 - Allowing Top Of Book Order on non-CCP stocks.pdf