Nasdaq Nordic and Baltic have announced a number of Enhancements to the INET Nordic Cash Equity trading system to be introduced during November, 2015.
This reminder summarizes the changes going into production on Monday November 16, 2015.
Summary of INET changes on November 16, 2015
- MANDATORY migration from ASCII to Binary OUCH, including optional fields (migration available from October 26, 2015).
- MANDATORY migration from ASCII to Binary ITCH.
- MANDATORY migration from ASCII to Binary GLIMPSE.
- MANDATORY migration to new ASCII version of ITCH for Reported Trades.
- Auction changes (Binary ITCH, GCF/TIP 3.1).
- Voluntary PRM check for Market Price Orders during Opening and Closing Auctions.
- Voluntary configuration - IOC rejects during Auctions.
- Clearing Account Type instruction to CCP Clearing is introduced in FIX and OUCH.
- OUCH DROP to be retired. OUCH DROP users need to migrate to FIX DROP for OUCH.
- Routing strategy PDLE will be retired, “DCAP” routing strategy will follow “DCAP” logic on Norwegian shares on First North Sweden.
Production port and ITCH Multicast migration procedure
All current production OUCH, ITCH, GLIMPSE and ITCH for Reported Trades ports and ITCH Multicast Services will be migrated by Nasdaq to the new protocol versions during the upcoming weekend for activation on November 16, 2015.
Testing prior to November 16, 2015
- OUCH – Current ASCII based OUCH ports can be reconfigured to the binary version of OUCH in OTF by contacting Nasdaq Cash Equity Operations .
- ITCH TCP, GLIMPSE and ITCH for Reported Trades – Temporary binary ITCH and GLIMPSE ports and temporary ITCH for Reported Trades v3 ports can be ordered by contacting Nasdaq Cash Equity Operations .
- ITCH Multicast – Temporary ITCH Multicast service can be ordered by contacting Nasdaq Global Data Products .
Certification of OUCH applications
Member and ISV applications supporting Binary OUCH needs to be certified prior to production launch. Please contact Nasdaq Cash Equity Operations to plan a certification time slot.
Other changes during November, 2015
November 23, 2015
- Change of MIC Codes for First North Denmark and First North Iceland.
- Introduction of dark book MIC Codes to allow the client to distinguish if a trade was executed in a lit or dark book. Those are provided through FIX only, in the LastMkt [30] field on trade executions. For the time being, dark MIC codes apply only to Nordic@Mid.
- Introducing of LCH.Clearnet as an additional cash equity CCP provider on Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Stockholm and First North Sweden. *
* Adding LCH as CCP provider is subject to regulatory approvals or consent in the jurisdictions affected and for the parties involved, including the necessary regulatory consent or approvals from the regulators of Nasdaq Nordic exchanges..
November 30, 2015:
- Norwegian shares traded on Nasdaq Stockholm main market segment "OMX STO Equities NOK" will be transferred to market segment "First North NOK".
Detailed Enhancement information
More details about the above mentioned changes are available on Nasdaq Nordic Technical Information web site under INET Nordic Enhancements and under IT-Notices .
Protocol specifications
The latest updated protocol specifications are available at Nasdaq Nordic Technical Information web site under Future INET Nordic Protocol Specifications . Protocol changes documents, a summary of the changes between current production protocol specifications and the new versions, are available at the same location.
Nasdaq Nordic Member Rules and INET Nordic Market Model
Changes introduced on November 16, 2015 will be reflected in the Nasdaq Nordic Member Rules (version NMR 2.8) and in the INET Nordic Market Model (version 2015:07) and valid from November 16, 2015. Respectively changes introduced on November 30, 2015 will be reflected in the INET Nordic Market Model (2015:08) effective on November 30, 2015. Members will receive regulatory notices regarding the changes.
Support and Certification
For technical questions and to apply for OUCH certification, please contact Nasdaq Cash Equity Operations: Tel: +46 8 405 6410 E-mail: operator@nasdaq.com
