IT - INET Nordic - Information on the time schedule of Nordic@Mid - a non-displayed trading facility in Nordic cash equity trading (124/10)


As earlier communicated in IT Notice 113/10, NASDAQ OMX exchanges in Stockholm, 
Helsinki, Copenhagen and Iceland will introduce Nordic@Mid - a facility for     
matching non-displayed orders at the midpoint of the central order book's best  
bid and offer.                                                                  

Protocols                                                                       
Protocol specifications will be available at Member Extranet Connectivity and   
Protocols web page from September 7. Nordic@Mid order entry in INET Nordic is   
supported via FIX. Data feed protocols supporting Nordic@Mid: GCF-TIP and Nordic
ITCH.                                                                           

Confirmed time schedule
• October 11, 2010: Testing available in INET OTF with selected order books.
• October 11, 2010: Market Model document updated accordingly.              
• November 1, 2010: Final production set-up will be communicated and available  
  for testing                                                                   
  in INET OTF.                                                                  
• November 15, 2010: production launch date for Nordic@Mid. Launch is subject to
  local Nordic regulators' approval. 

Information on Nordic@Mid
Nordic@Mid orders are    
• non-displayed, meaning that no prices or volumes or any information of the    
  orders will be                                                                
  displayed in public feed                                                      
• of a minimum size,
• submitted for crossing at the midpoint of best bid and offer derived from     
  published prices                                                              
  in the order book on the NASDAQ OMX Nordic exchanges ordinary markets, and    
• executed solely against other Nordic@Mid orders.

Nordic@Mid covers NASDAQ OMX Nordic cash equity markets in Stockholm, Helsinki, 
Copenhagen and Iceland.                                                         

You can find more info about the Nordic@Mid and other enhancements of INET      
Nordics at the Member Extranet INET Nordic Enhancement web page.                

Questions and feed-back                                                         
For further information and feedback concerning this information please contact 
your Key Account Manager.                                                       


Best regards,    
NASDAQ OMX Nordic

Attachments

it_exchange_notice_12410 nordicmidsept6.pdf