On Apr. 14, Nasdaq Nordic issued INET market model update 2023:03.
Nasdaq Nordic updated INET market model update 2023:03, in force Apr. 17, 2023.
Follows Nasdaq Nordic Feb. 2023 INET Nordic Market model 2023:02, see #96041.
Document dated Apr. 14, 2023, was received on Aug. 11, 2023, due to a fixed feed.
INET Nordic is the Nasdaq trading platform for Nordic and Baltic equities trading.
Market Model 2023:03
Updates in relation to: removal of imbalance orders; clarification on implementation of GTC on OUCH5 and FIX 5.0; removal of DAAN, DANY, and NAOD routing strategies.
Plus update on: additional cancel on disconnect configuration options for OUCH.
Effectiveness
All changes are in force from Apr. 17, 2023.
May 2023 Market Model 2023:04
On May 12, 2023, Nasdaq Nordic published INET Nordic Market model 2023:04,
Clarification on top of book orders crossing spread cancelled; evening trading hours extend to 21:55; CET for warrants/certificates in existing evening market segments.
Document dated May 12, 2023, was received on Aug. 11, 2023, due to a fixed feed.
Jun. 2023 Market Model 2023:05
On Jun. 12, 2023, Nasdaq Nordic issued updated INET Nordic Market model 2023:05.
Disallowing variants of pegged orders in order books where market maker order for warrants/certificates (MMO), and for Danish investment funds (MMF), are enabled.
Clarification on time priority for reserve order carried over to the next trading day.
Document dated Jun. 12, 2023, was received on Aug. 11, 2023, due to a fixed feed.
Jul. 2023 Market Model 2023:06
On Jul. 3, 2023, Nasdaq Nordic published updated INET Nordic Market model 2023:06.
Document dated Jul. 3, 2023, was received on Aug. 11, 2023, due to a fixed feed.
Auction only trading renamed to auction trading; appendix AA auction trading update to include new criteria B for allocating some first north instruments to auction trading.
Plus: clarification to Nordic@Mid and AOD instrument scope to include depositary receipts on shares and cooperative shares classified as other equity-like instruments.
Changes of pre-trade LIS threshold and deferred publication threshold for ETFs and Danish investment funds classified as ETFs; updates in force from Jul. 3, 2023.
Amendments include: changes to trading phases on auction trading market segments, with number of scheduled intraday calls increased from one to three; market segment Copenhagen investment funds – MMF trading schedule, time of pre-open added.
Temporary trading schedules for extended evening and extended afternoon/evening trading market segments in warrants/certificates for when US and Europe move to wintertime and summertime at different dates; updates are in force Oct. 19, 2023.
Nov. 2023 Market Model 2023:08
On Nov. 2, 2023, Nasdaq Nordic issued updated INET Nordic Market model 2023-08.
New version is valid from as Nov. 9, 2023 and includes details on the introduction of the internal routing strategy Dark-Lit Sweep on the FIX protocol.
Dec. 2023 Market Model 2024:01
On Dec. 5, 2023, Nasdaq Nordic issued updated INET Nordic Market model 2024:01.
Revised version effective as of Jan. 2, 2024.
Jan. 2024 Market Model 2024:02
On Jan. 11, 2024, Nasdaq Nordic issued updated INET Nordic Market model 2024:02.
The revised version is effective from Feb. 1, 2024.
This document describes the functionalities for trading of equities, securitized derivatives, exchange traded notes, and exchange traded commodities.
Specifically, regulated market segments and First North on Nasdaq Nordic and Nasdaq Baltic, including Nasdaq First North Growth market segments on First North Denmark.
Including, Finland and Sweden, as well as segments traded at First North Trading List.
This market model covers functionalities that apply to Copenhagen, Stockholm, Helsinki, Iceland, Tallinn, Riga and Vilnius, but fixed income is generally not covered.
The revised version is effective from Mar. 8, 2024.
The amendments include: updated Appendix O: Smart Order Routing with introduction of the Dark Lit Time Spray Strategy (DLTS), and removal of the DIVE strategy.
Introduction of a Tick size pilot on First North Markets, effective as of Jun. 3, 2024.
Version 2024:04 is effective from Apr. 22, 2024.
Aug. 2024 Market Model 2024:05
On Aug. 22, 2024, Nasdaq Nordic issued updated INET Nordic Market model2024:05.
The amendments to the document include Introduction of retail indicator, Clarification on Appendix AA: Auction Trading regarding new equity rights and equity warrants.
All the changes in the INET Nordic Market model 2024:05, are effective Sep. 2, 2024.
Oct. 2024 Market Model 2024:06
On Oct. 25, 2024, Nasdaq Nordic published INET Nordic Market model 2024:06.
Operational contact details changed; description of note code OB changed to observation status; intro of exchange traded notes and exchange traded commodities on Nasdaq Helsinki prolongment of tick size pilot on first north markets.
All the changes in the INET Nordic Market model 2024:06 are effective Nov. 1, 2024.
