As previously communicated in IT-Notice 23/18 and 36/18, Nasdaq Nordic will introduce a validation for the use of trade types “SI Standard Trade” and “SI Non-Standard Trade” reported through Nasdaq APA. This change is related to handling of the regulatory reporting towards ESMA where all the trades reported by the Systematic Internalizer have to be regulatory reported by using the MIC code of the Systematic Internalizer. Nasdaq Nordic will gather and configure the MIC codes of the current Systematic Internalizers from the ESMA register and enable the Systematic Internalizer trade types accordingly. Please note that this change does not impact the on-exchange manual trade reporting through INET.
Trade reports reported as Systematic Internalizer trades will be rejected in case the reporting party is not set up as a Systematic Internalizer. Nasdaq Nordic kindly recommends the Systematic Internalizers who are unsure whether they have been registered in the ESMA register to contact Cash Equity Operations in order to enable the Systematic Internalizer trade types.
Tel: +46 8 405 6410
E-mail: operator@nasdaq.com
Time schedule
- INET Test (NTF) – Available
- INET Production – June 11, 2018
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 Copenhagen, Nasdaq Helsinki, Nasdaq Iceland, Nasdaq Riga, Nasdaq Stockholm, Nasdaq Tallinn and Nasdaq Vilnius are respectively brand names for Nasdaq Copenhagen A/S, Nasdaq Helsinki Ltd, Nasdaq Iceland hf., Nasdaq Riga AS, Nasdaq Stockholm AB, Nasdaq Tallinn AS and AB Nasdaq Vilnius. Nasdaq Nordic represents the common offering by Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm. Nasdaq Baltic represents the common offering by Nasdaq Tallinn, Nasdaq Riga and Nasdaq Vilnius.
