NASDAQ OMX Nordic Exchanges in Stockholm, Helsinki and Copenhagen offers easy access to trading Nordic shares at other venues by means of the new NASDAQ OMX Nordic Smart Order Router. The order routing service is designed to be an integrated and cost-efficient solution available for the Nordic trading community, enabling access to the fragmented liquidity in Europe via one gateway.
Change in the behavior of Routable Market orders
Based on member request NASDAQ OMX will implement a change in the behavior of Routable Market orders.
In order to safeguard that Routable Market orders does not execute on multiple price levels, NASDAQ OMX will change the routing logics in a way so that such Routable Market orders will be re-priced to EBBO (and be given a limit price), before being routed out according to the chosen strategy.
With this change the Routable market order and a regular Market order will act in a similar fashion. Currently submitting a regular Market order will only lead to executions at BBO in the Nordic lit order book.
Time table
| To OTF | 2011-07-25 |
| To Production | 2011-08-22 |
Note! The Market Model page on Member Extranet is updated with the Market Model document effective from August 22.
Questions and feedback
For further information and feedback concerning this information please contact
Tech Support at: +46 8 405 64 10, operator@nasdaqomx.com
