Today NASDAQ OMX Nordic is "re-launching" the Nordic@Mid dark pool to the whole trading community. Since NASDAQ OMX Nordic removed the minimum order size criteria in February, trading in Nordic@Mid has increased significantly.
As a next step to further enhance the service, NASDAQ OMX Nordic has decided to change the matching priority for Nordic@Mid in a way that larger orders are to be prioritized over smaller orders.
The new matching logic will be as follows:
Internal-Quantity-Time. An Order with larger quantity will be given priority over Orders with less quantity. Partial fill, or cancel down quantity of an Order, will result in an Order losing its priority. Where two Orders share the same quantity, Time priority will apply.
The new matching rules (Internal-Quantity-Time) will be implemented in INET OTF
June 4, and is planned for INET Production June 18.
Market Model
The Market Model 2.10 valid from June 4 includes the changes for Nordic@Mid:
http://nordic.nasdaqomxtrader.com/memberextranet/inetnordic/Market_Model/
Support
For questions and assistance regarding this Exchange Notice, as well as any technical queries, please contact NASDAQ OMX Tech Support at: +46 8 405 64 10, operator@nasdaqomx.com.
Best regards,
NASDAQ OMX Nordic
