IT – INET Nordic – Changes in order capacities

Nasdaq Nordic and Nasdaq Baltic will introduce enhancement to current INET order capacities ‘Issuer Holding’ and ‘Issuer Price Stabilization’. The change will be implemented to INET Nordic trading system as of June 18, 2018.

Details

INET order capacities ‘Issuer Holding’ and ‘Issuer Price Stabilization’ are currently restricted to be used when dealing on Agent (MiFID II Trading capacity ‘AOTC’) basis. In order to allow use of ‘Issuer Holding’ and ‘Issuer Price Stabilization’ also when dealing as Principal (MiFID II Trading capacity ‘DEAL’), Nasdaq Nordic and Nasdaq Baltic will remove this restriction. Members will be able to choose in which (Agent or Principal) capacity ‘Issuer Holding’ or ‘Issuer Price Stabilization’ order or trade is submitted.

Protocol specifications

OUCH:

This change impacts the INET Nordic OUCH protocol specification.

New values 8 and 9 are added to the Capacity field:

• 8 = Issuer holding – maps to ‘DEAL’
• 9 = Issue price stabilizing – maps to ‘DEAL’

FIX:

The description of FIX Tag [529] have been updated to FIX order and trade entry protocols, and related FIX drop copies, no technical change to FIX protocols.

Current and future versions of INET protocol specifications are available at the Nasdaq Nordic Technical Information website.

INET Nordic Market Model

The Nasdaq Nordic Market Model will be updated and the new version will be effective as of June 18, 2018.

Time schedule

• INET Test (NTF) – May 28, 2018
• INET Production – June 18, 2018

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.