MiFID II Market Making Agreement and Market Making Scheme

Nasdaq Nordic offers a Market Making Agreement for members and participants acting as Market Maker as defined in MiFID II

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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

Market Instrument ISIN Market Makers
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

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