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NASDAQ OMX Nordic is planning to broaden its execution services by introducing technical support to direct away market access via the INET Nordic FIX protocol and Nordic Workstation. During the first phase technical service that enables direct away market access would be offered to Oslo Børs. BATS, Chi-X, Turquoise and Burgundy are considered to be added to the offering at a later stage. The direct away market access via NASDAQ OMX Exchange and Clearing Services AB’s technical service is planned to be offered via direct routing strategies. The service utilizes FIX connectivity to INET Nordic trading system and NASDAQ OMX Smart Order Routing service[1]. A separate technical service agreement with NASDAQ OMX Exchange and Clearing Services AB needs to be in place. There is no interaction with any of the NASDAQ OMX Nordic exchange’s order books within the service. Customers fulfilling certain preconditions may be offered a possibility to send orders to be introduced in their own name to Oslo Børs[2]. Protocol changes
The updated version of the FIX Order Entry specification is available under the “Future protocol versions” section at Member Extranet. Please read the revision history section of the FIX specification for more details.
Nordic Workstation will support the new direct away market routing strategies.
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Questions and feedback For further information concerning this notice, please contact Technical Support at +46 8 405 6410, operator@nasdaqomx.com. Best regards, NASDAQ OMX Nordic |
| “NASDAQ OMX Nordic” is not a legal entity but describes the common offering for members of the NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, and Reykjavik. |
[1] Smart Order Routing Service requires that the customer has membership at the relevant NASDAQ OMX Nordic exchange from which orders may be routed. Smart Order Routing service agreement with relevant NASDAQ OMX Nordic exchange is required.
[2] Requires membership at Oslo Børs and a separate agreement between customer and Introducing Broker.
