IT – INET Nordic – Reminder regarding INET Protocol

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
85
IT – INET Nordic – Reminder regarding INET Protocol changes on June 7, 2017 (38/17)

As previously communicated in IT-Notices 34/17 , 30/17 , 22/17 and 52/16 , Nasdaq Nordic and Nasdaq Baltic will make changes to the INET Nordic Order Entry protocols in order to prepare for MiFID II order record keeping requirements for trading venues.

MiFID II changes include additional fields to OUCH and FIX order entry and drop protocols related to identifying the Parties of the Order, Liquidity Provision and Algo identification. The protocols will also include new MiFID II required fields in outbound messages for the purpose of post-trade transparency, utilizing Market Model Typology (MMT) standard trade flags.

Furthermore, introduction of Auction of Demand (AOD) will add changes into INET FIX, OUCH and ITCH protocols on June 7, please see IT-Notices 37/17 , 27/17 and 15/17 for further information.

Although MiFID II and AOD fields are optional, please note that TotalView-ITCH updates will come into force for all applications consuming ITCH market data feeds.

Production rollout

Nasdaq has decided to modify the previously communicated rollout plan of the changes into order entry protocols and associated drops prior to June 7. OUCH ports already upgraded will stay as they are, but the remaining ports will be upgraded on the evening of June 6, 2017.

Protocol specifications

Latest INET Nordic protocol specifications are available at the Nasdaq Nordic Technical Information website, under INET Nordic Protocol Specifications . The protocols are subject to further changes throughout the MiFID II implementation project.

OUCH and FIX Order entry protocol changes:

The new MiFID II fields in order entry protocols are optional until November 20, meaning that they do not need to be populated on inbound messages. The new fields may be populated on outbound messages and should be ignored, if not coded for.

New AOD fields and messages in order entry and drop protocols will be available from June 7, 2017, in order to place and manage AOD orders.

ITCH protocol changes:

A new Auction On Demand Order Imbalance Indicator (MOII) message, new fields added the end of the Order Book Directory message and a new value to the Cross Trade message Cross Type field are added to the TotalView-ITCH protocol.

New MiFID II related Note Code values are added to the Order Book Directory message but will come into force at a later date. New MIC Codes for Nordic@Mid and AOD order books are added to the Order Book Directory message. The updated Order Book Directory message is, in addition to TotalView-ITCH, sent on GLIMPSE and NLS (Nordic Equity Last Sale) as well.

Trading- and Market Data applications shall use decoders that ignore unknown outbound (from Nasdaq) message types and messages that expand with new fields added to the end of the message. Nordic Workstation:

N ordic Workstation will start supporting the new fields from June 7, 2017.

Mandatory Certification

Trading applications will need to be conformance tested prior to the use of the new fields in INET Production (from when MiFID II fields are mandatory November 20, 2017). MiFID II conformance testing is scheduled for September-October 2017 and will be done in the INET MiFID II Test (M2) environment.

AOD conformance testing is currently available in both INET Test NTF and INET Test M2 and shall be done prior to production use of AOD.

Time schedule

  • INET Test (NTF) – Currently available (the upcoming production release)
  • INET MiFID II (M2) Test – Currently available (MiFID II fields activated)
  • INET Production – June 7, 2017 

Questions and feedback

For further information and feedback concerning this information, please contact:

Ronny Thellman Tel: +46 8 405 6313 E-mail: ronny.thellman@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 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.

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Sungrow PowerStack 3.0: Pioneering a New Energy Era

Updated Category News Views 86

Pioneering with PowerStack 3.0: A Bold Move Sungrow's latest unveiling at the Global Energy Pioneer Summit 2026 has set the stage for a revolution in the commercial and industrial (C&I) energy storage sector. The PowerStack 3.0 isn't just another upgrade—it's a strategic leap into the future with its Scene-in-One system integration, aimed at adapting to the ever-diverse...

Continue Reading
Xinjiang Farmer Cultivates Community Success and Skills

Updated Category News Views 97

Growing Opportunities Beyond Tradition Zhang Xiying in Urumqi county, Xinjiang Uygur Autonomous Region, is rewriting the farming script with unflagging effort. She's not just tending to her own crops; she's nurturing a whole ecosystem of farmers who're hungry to branch out beyond traditional harvests. Picture this—a farmer turned agricultural technician, helping 19...

Continue Reading
Canada's LNG Ambition: A Trillion-Dollar Gamble

Updated Category News Views 70

The Push for the Third Largest LNG Exporter Canada's got massive ambitions, setting its sights on becoming the world's third largest exporter of liquefied natural gas (LNG) by 2050. It's no small feat, but if pulled off, it's bound to shake the market. The country expects to generate nearly C$1 trillion in investments and bring forth a whopping 250,000 jobs annually....

Continue Reading
Hollyland Powers APEC 2026 with Wireless Solutions

Updated Category News Views 0

APEC 2026 Finds a Partner in Hollyland Here's a nugget for ya: Hollyland, the pride of Shenzhen in wireless audio and video solutions, is stepping into the big leagues by becoming an official sponsor for the APEC 2026 meetings. Now that's quite the homecoming parade! Given the bustling vibes of a global conference, Hollyland’s gear will play a starring role in keeping...

Continue Reading
Envision Energizes Türkiye's Green Power Future Ambitions

Updated Category News Views 72

Türkiye's Energy Vision Gains Momentum When you talk about energy transition, you can't ignore Türkiye's ambitious plans. Türkiye's Energy Minister, H.E. Alparslan Bayraktar, is rolling up his sleeves for a bold push into renewables. On the sidelines of COP31, he sat down with Envision Energy's main dealmaker, Kane Xu, to chew over how they can power up Türkiye’s...

Continue Reading
New Intubation Blade: A Potential Game-Changer in EMS

Updated Category News Views 24

Streamlining Emergency Medical Procedures A seasoned paramedic from Norfolk, Virginia, with a knack for solving practical problems, has devised a tool that could revolutionize the emergency medical field: the Dual Purpose Intubation Blade. This innovation is not just about simplifying the intubation process; it’s about taking a massive step forward in how emergency...

Continue Reading
NYSE Gains Ground with Historic Listings Transfers

Updated Category News Views 50

You'll know it's a topsy-turvy market when hefty firms start switching their stock exchange allegiance. This year, nine noteworthy companies, with a collective market heft of nearly half a trillion dollars, kissed Nasdaq goodbye and nestled into the New York Stock Exchange (NYSE). Now, why would these big shots make the shift, you ask? Let's dive into the nitty-gritty....

Continue Reading
Goldwin Teams Up with Centric for PLM Overhaul

Updated Category News Views 45

Solid Move or Risky Shift? Goldwin Inc., a well-regarded behemoth in Japan's outdoors market, is shaking things up and joining hands with Centric Software. We're looking at a modernization spree here, folks. The plan? Whip Goldwin's sprawling product data into shape with Centric PLM, a solution that promises a more structured product development approach. Streamlining,...

Continue Reading
Global Challenge: A New Era for AI Web Agents

Updated Category News Views 118

The Dawn of the Agent Web Well, here we are, standing at the cusp of a new digital frontier, folks. This ain't just another buzzword parade; this is the Open Agentic Web Challenge, courting developers with a $13K carrot to craft an interoperable playground for AI agents. Big names like Cognizant AI Lab, MIT Media Lab, and others are leading the charge. No small-time...

Continue Reading
Yael Eckstein Honored for Advancing Faith Collaborations

Updated Category News Views 21

Recognition for Bridging Communities It's not every day you hear about someone getting a pat on the back as broad as a lifetime achievement award. Yet, Yael Eckstein, President and Global CEO of the International Fellowship of Christians and Jews (The Fellowship), managed just that during an elegant gala in Jerusalem. The Black Christian Leadership Council on Israel...

Continue Reading

Top 5 Most Recently Viewed Articles

Mark Carney's Rise to Power: A New Era for Canada

Updated Category News Views 692

Mark Carney Takes the Helm as Canada's New Prime Minister Mark Carney, a former central banker renowned for his crisis management skills, is set to take charge as Canada’s new prime minister at a pivotal moment for the nation. With significant challenges already looming, including tariffs imposed by major international players, Carney is ready to step into his new role...

Continue Reading
Skanska's Grand Renovation of Legislative Plaza in Nashville

Updated Category News Views 321

Skanska's Remarkable Renovation Project in Nashville Skanska, a leading project development and construction group, has embarked on a significant renovation project for a historical landmark in Nashville. This extensive project, in collaboration with the Tennessee Department of General Services, is valued at USD 126 million, equivalent to approximately SEK 1.3 billion....

Continue Reading
Aker Carbon Capture ASA Declares NOK 2.86 Dividend Today

Updated Category News Views 138

Aker Carbon Capture ASA Announces Dividend Payment Aker Carbon Capture ASA has declared an ex-dividend of NOK 2.86 per share, a significant development for investors looking to benefit from their stakes in this innovative company. The date set for this dividend payment is today, capturing the attention of shareholders and industry observers alike. Details of the Dividend...

Continue Reading
DICK'S Sporting Goods Extends Exchange Offer for Foot Locker Notes

Updated Category News Views 231

DICK'S Sporting Goods Announces Extension of Expiration Date DICK'S Sporting Goods, Inc. (NYSE: DKS), a prominent U.S. full-line omni-channel sporting goods retailer, has officially announced the extension of the expiration date concerning its previously publicized exchange offer for eligible holders aiming to exchange any and all of Foot Locker, Inc.'s 4.000% Senior...

Continue Reading
Future of AI Market Shows Trillion-Dollar Growth Potential

Updated Category News Views 251

AI Market Growth and Future Predictions The global artificial intelligence market is on the verge of a remarkable transformation. Recent analyses suggest that this sector is poised to reach a staggering USD 3.5 trillion by the year 2033, showcasing an impressive compound annual growth rate (CAGR) of 31.5% from now until then. One of the key drivers behind this surge is...

Continue Reading