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The NASDAQ OMX exchanges in Copenhagen, Helsinki and Stockholm plan to offer easy access for members to route orders to the US market for execution. The service will be based on members utilizing existing FIX communication to the trading platform INET for Nordic equities. Already today most members send orders to the US for execution by means of contracting with a US broker. The principles in such set ups are the very same in the upcoming offering “Market Access – US”, where NASDAQ OMX has partnered with a broker who will act as the executing broker on the US market. Instrument scope The routing of orders will be available for the following instruments listed on US exchanges: · Equities · ADRs · ETFs. Moreover, we anticipate that members can route orders for Canadian equities to the Canadian market from launch of the service 21 March 2011. Order types Limit orders only will be accepted for routing with time in force: DAY, IOC, and FOK. Time schedule 2010-12-21 FIX specifications available 2011-02-21 INET Nordic test facility (OTF) available 2011-03-21 Launch in production. Launch of the service is subject to approval from the Swedish FSA. Implementation details Updated FIX specifications are available on the member website http://nordic.nasdaqomxtrader.com/memberextranet/inetnordic/Connectivity_and_Protocols/under the heading “Future protocol versions”. Please also see the document “FIX Specification Release Notes”. Market Access will not be available through Nordic Workstation. More information Please see http://nordic.nasdaqomxtrader.com/memberextranet/inetnordic/market_access_us/ Questions and feedback For further information and feedback regarding this information please contact your Key Account Manager. Best Regards NASDAQ OMX Nordic |
