As previously communicated in IT Notice 9/13, NASDAQ OMX Nordic has decided to enhance the functionality of the Top Of Book (TOP) order.
This change will be available in INET Nordic Production on February 21, 2013 and included in the new version of the Market Model version 2.15.
We introduced the new order condition, the Top Of Book (TOP) order last year; allowing member firms to send in limit orders that are accepted by the trading system and added to the order book if the limit price is narrowing but not crossing the current order book spread.
NASDAQ OMX Nordic has decided to enhance the functionality with the following changes:
TOP Order is only offered on OUCH. The enhancements does not lead to any changes to the OUCH specifications.
NASDAQ OMX Nordic Market Model is available on the Member Extranet. (http://nordic.nasdaqomxtrader.com/memberextranet/inetnordic/Market_Model/)
In the Market Model all details can be found together with multiple trading scenarios.
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, email@example.com
NASDAQ OMX Nordic
NASDAQ OMX Nordic is not legal entity but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm and Iceland.
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