Nasdaq Nordic offers a Market Making Agreement for members and participants acting as Market Maker as defined in MiFID II. The agreement covers instruments on Nasdaq Stockholm, Nasdaq Helsinki and Nasdaq Copenhagen (including First North market segments) traded in INET. The Market Maker’s quoting obligations are described in the agreement and are tracked on a daily basis by Nasdaq Nordic.
The ETF LP Programme has been incorporated into the MiFID II Market Making Agreement. An LPS account needs to be used for the purpose of market making in ETFs.
When a member acting as a Market Maker wishes to enter into the Market Making Agreement, the signed agreement should be sent to Operator@nasdaq.com with a list of instruments selected for market making. The quoting obligations can be found in the Market Making Agreement and will be made available on Member Portal.
A component of the Market Making agreement is the Market Making Scheme offered for liquid shares and ETFs. The spread obligations for the Market Maker in liquid instruments are doubled during Stressed Market Conditions.
Market Makers Who Fulfilled Market Making Obligations Under Stressed Market Conditions For October 2019
|XCSE||Sydinvest Fjernøsten A DKK||DK0010169549||Sydbank A/S|
|XCSE||Sparindex INDEX Globale Akt Min Risk KL||DK0060031847||Jyske Bank A/S|
|XCSE||FLSmidth & Co. A/S||DK0010234467||HRTEU Limited|
|XCSE||Danske Inv Global Indeks, kl DKK d||DK0010263052||Danske Bank A/S|
|XSTO||Xtrackers FTSE China 50 UCITS ETF||LU0292109856||Susquehanna International Securities Ltd|
|XSTO||Atlas Copco AB ser. A||SE0011166610||BNP Paribas Arbitrage SNC; HRTEU Limited; Société Générale S.A.; XTX Markets|
|XSTO||Atlas Copco AB ser. B||SE0011166628||BNP Paribas Arbitrage SNC; HRTEU Limited; Société Générale S.A.; XTX Markets|
|XSTO||Fastighets AB Balder ser. B||SE0000455057||BNP Paribas Arbitrage SNC; Société Générale S.A.; XTX Markets|
|XCSE||Pandora A/S||DK0060252690||BNP Paribas Arbitrage SNC; HRTEU Limited; XTX Markets|
|XSTO||SSAB AB ser. A||SE0000171100||BNP Paribas Arbitrage SNC; HRTEU Limited; Société Générale S.A.; Svenska Handelsbanken AB; XTX Markets|
|XCSE||Sparinv Korte Obligationer KL A||DK0060105203||Jyske Bank A/S|
|XCSE||Ørsted A/S||DK0060094928||HRTEU Limited; Société Générale S.A.; XTX Markets|
|XSTO||Hexagon AB ser. B||SE0000103699||HRTEU Limited; Société Générale S.A.; XTX Markets|
Market Makers in Liquid Instruments (XLS) Download Market Makers in Liquid Instruments (XLS)
Market Maker Agreement (INET) SE, FI, DK - Mifid II Download Market Maker Agreement (INET) SE, FI, DK - Mifid II