The Market Identifier Code (MIC) is a unique identification code used to identify among other exchanges, trading platforms and markets. The MIC is a four alpha character code, and is defined in ISO 10383.
For example, trades that are executed on the Nasdaq Stockholm market are executed with MIC code XSTO.
Currently, MIC codes are not relayed back on FIX executions; however the MIC code is part of the INET reference data.
Based on member request Nasdaq Nordic and Baltic have decided to implement three changes:
- Change of two existing MIC codes for First North Denmark and First North Iceland.
| Market | New MIC | Old MIC |
| First North Denmark | FNDK | XFND |
| First North Iceland | FNIS | ISEC |
- New Segment MIC codes following the ISO 10383 standard to be used for Nordic@Mid trades in order to distinguish those from trades executed in the lit books, cf. the table below.
| MIC codes relayed in FIX trade messages | ||
| Exchange | Lit trades | Nordic@Mid trades |
| Stockholm | XSTO | DSTO |
| Copenhagen | XCSE | DCSE |
| Helsinki | XHEL | DHEL |
| Iceland | XICE | DICE |
| First North Sweden | FNSE | DNSE |
| First North Denmark | FNDK | DNDK |
| First North Finland | FNFI | DNFI |
| First North Iceland | FNIS | DNIS |
- Start to relay back the MIC code in FIX trade messages - LastMkt [30], including FIX Drop (and FIX OUCH Drop).
Protocol specifications
Updated FIX protocol specifications are available on the Nasdaq Nordic Technical Information web site under Future INET Nordic Protocol Specifications.
Time Schedule
- INET Test (OTF) – November 2, 2015
- INET Production – November 23, 2015
The changes are subject to discussions with the Registration Authority (RA) for ISO 10383, but are planned to be effective November 23, 2015. The RA plans to publish the new MIC codes November 9, 2015.
Support
Latest information on upcoming changes is available at “INET Nordic Enhancements”.
More on ISO 10383 - Market Identifier Codes:
For technical questions, please contact Nasdaq Tech Support:
Tel: +46 8 405 6410,
E-mail: operator@nasdaq.com
Questions
For further information and feedback concerning this information, please contact Ronny Thellman, +46 8 405 6313, ronny.thellman@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 OMX Copenhagen A/S, NASDAQ OMX Helsinki Ltd, NASDAQ OMX Iceland hf., NASDAQ OMX Riga AS, NASDAQ OMX Stockholm AB, NASDAQ OMX Tallinn AS and AB NASDAQ OMX 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.
