From November 10, the field "Owner category" on orders must be filled in. (15/08)

The NASDAQ OMX Nordic Exchanges announces a new behavior in the Order Entry window in SAXESS Trade regarding "Owner Category". 
Only the submarkets (listed in attached document) which have not yet been MiFID-adapted on this matter are affected.
 
According to the MiFiD regulations, the "owner category" is required on entered orders. 

MiFiD states that a member entering an order must indicate the party on whose behalf such order is given. In MiFID this is stated as "Trading capacity information" which is named in SAXESS as "owner category". 
 
From November 10, the field "Owner category" in the Order Entry window in SAXESS Trade must be filled in, also for submarkets listed in attached document.
 
An order entered without the "Owner category" specified will result in a rejection of the order entry.

Please read attached document for more details.


NASDAQ OMX Nordic

Gunilla Hellqvist 
Vice President Marketplace Operations