IT - INET Nordic - Update to Pre Trade Risk Management service (98/10)


As of July 12, NASDAQ OMX Nordic will revise the existing price thresholds for
the Fat Finger Check that come with the PRM (Pre Trade Risk Management) service
in the external test system OTF. 

With the new thresholds the Fat Finger Checks will operate on more granular
basis than before. The new thresholds are based on liquidity banding. Currently
15% is the default setting and 50% is used for less liquid and penny stocks.
With this change the Fat Finger Checks will also meet the standards that NASDAQ
OMX requires for Sponsored Access Clients utilizing the exchange's pre trade
risk management tools. 

For full details please see the attachment.

Best regards, 
NASDAQ OMX Nordic

Attachments

it_exchange_notice_9810_update to prm.pdf