Upcoming changes in INET Nordic test and production systems
This page is updated with information on upcoming INET Nordic technical enhancements. Subscribe to IT Notices to stay updated with the latest business and technical changes when they are announced.
-
Upcoming changes in INET Nordic test and production systems
This page is updated with information on upcoming INET Nordic technical enhancements. Subscribe to IT Notices to stay updated with the latest business and technical changes when they are announced.
INET Nordic Upcoming Enhancements
- August 20, 2024 - Enhancement to Nasdaq Nordic Pre-Trade Risk Management Service - Introduction of a PRM Administration protocol
- September 2, 2024 - FIX and OUCH Order Entry and FIX DROP – Optional Retail Indicator
Refer to IT Notices for more information about upcoming enhancements.
Enhancement to Nasdaq Nordic Pre-Trade Risk Management Service - Introduction of PRM Administration protocol
Nasdaq Nordic will introduce enhancements to the Nasdaq Nordic Pre-trade Risk Management (PRM) service.
Pre-trade risk management Administration Interface has been refreshed and a new PRM Administration Protocol is introduced. The new PRM Admin port is available for clients to connect their own applications for management of their PRM Accounts.
The current PRM risk checks included in the Nasdaq Nordic PRM Service will remain unchanged. This is includes the new Maximum Order Value & Maximum Order Quantity checks during Auctions introduced on June 17, see IT-Notice IT-Notice 36/24. In addition, some new features will be added to the service such as Enhanced Block and Cancel orders functionality for PRM Accounts and additional PRM checks configurable through the PRM API.
Details on the new features can be found in the Nasdaq INET Nordic PRM Service Guide, available at the Nasdaq Pre-Trade Risk Management webpage.
The current operational procedures for clients not connecting via the PRM API still applies.
Find more detailed information in IT-Notice 35/24.
Protocol specifications
The new "Nasdaq Nordic - PRM Admin" protocol specification is available at the Nasdaq Nordic Technical Information website, under INET Nordic Protocol Specifications.
Implementation schedule
- INET Test NTF: Available
- INET Production: August 20, 2024
FIX and OUCH Order Entry and FIX DROP – Optional Retail Indicator
Nasdaq Nordic and Baltic plans to implement an optional Retail Indicator on FIX and OUCH order entry and associated Drop copies. The indicator will be used to calculate certain Retail fee incentives.
The Retail Indicator will be used by Nasdaq Nordic to calculate certain Retail fee incentives according to separate fee list notifications.
There will be changes to the INET Nordic Market Model based on this change. Latest version is published on Rules and Regulations for the Nordic Markets.
Find more information in IT-Notice 34/24.
Protocol specifications
A new FIX Tag [582] - CustOrderCapacity and a new OUCH Additional Fields Tag 29 - Customer Order Capacity, will be added to the INET Order Entry protocols and related FIX DROP specifications. Latest INET Nordic protocol specifications are available at the Nasdaq Nordic Technical Information website, under INET Nordic Protocol Specifications.
Implementation schedule
- INET Test NTF: Available
- INET Production: September 2, 2024
Support
Contact Us
Technical Relations
Market readiness upcoming enhancements, independent software vendors and other third-party technical and sales support
ronny.thellman@nasdaq.com
+46 8 405 6313
Related Information
INET Nordic Protocol Specifications
The protocol specifications are necessary for participant trading application integration with the INET Nordic platform.
INET Nordic Environments
INET Nordic and Baltic production, testing and conformance information.