As previously communicated, Nasdaq Nordic and Nasdaq Baltic will introduce enhancements on INET Nordic Production on June 18, 2018. This is a summary of the enhancements to be launched on Monday June 18, 2018.
Changes in Order Capacities
Nasdaq Nordic and Nasdaq Baltic will introduce an enhancement to current order capacities validation to allow for the use of Order Capacity ‘Principal’ (DEAL under MiFID II) together with ‘Issuer Holding’ and ‘Issue Price Stabilization’ in addition to the use of Order Capacity ‘Agent’ (AOTC under MiFID II). With this change, two new values will be added to the Capacity field of the OUCH protocol specification.
For more detailed information, see IT-Notice 33/18.
Changes in Large In Scale (LIS) Non-Displayed Mid-point pegging and IOC Mid-point pegged orders
After the change has been introduced in situations where the Mid-point price is off tick, the LIS Non-displayed Mid-point and IOC Mid-point pegged orders will be placed in the book to the less aggressive Primary Peg price.
For more detailed information, see IT-Notice 34/18.
Changes to allowable Round Lot Size for Warrants, Certificates, Exchange Traded Funds, Investment Funds and AIFs
Nasdaq Nordic will allow Round Lot Size of certain new listed instruments to be set to higher than one (1) going forward. Round Lot will remain equal to one (1) on all existing instruments. Odd lots will continue not to be supported.
For more detailed information, see IT-Notice 31/18.
Introduction of new Market Segments for Exchange Traded Products on First North Sweden
Nasdaq Nordic will introduce three new Market Segments for Warrants, Tracker Certificates and Leverage Certificates, traded in NOK on First North Sweden (FNSE). Note that the Market Segment MIC Code `ONSE´ will be included on FIX execution messages - LastMkt [30], and in the ITCH, NLS and GLIMPSE Order Book Directory messages and Basic Data messages in GCF (TIP).
The instruments listed on the new segments will be bilaterally cleared and settled at Norwegian CSD Verdipapirsentralen ASA (VPS) in Norway.
For more detailed information, see IT-Notice 35/18.
New Turnover Lists and List Populations – Iceland
Nasdaq Iceland will create new Turnover Lists/List Populations, valid as of 18th June, 2018.
For more detailed information, see IT-Notice 37/18.
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INET Nordic Market Model
An updated INET Nordic Market Model 2018:07 is available under Nasdaq European Rules & Regulations web page, effective as of June 18, 2018.
Protocol specifications
Latest INET protocol specifications are available at the Nasdaq Nordic Technical Information website.
Time schedule
- INET Test (NTF) and GCF TST4 – Available
- INET and GCF Production – June 18, 2018
Questions and feedback
Nasdaq Cash Equity Operations:
Tel: +46 8 405 6410
E-mail: operator@nasdaq.com
Best regards,
Nasdaq Nordic and Nasdaq Baltic
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.
