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

This Solution Helps

  • Market Makers
explore

 

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 July 2022

Date Market Instrument ISIN Market Makers
7/1/2022 XSTO SBB B SE0009554454 XTX Markets SAS
7/4/2022 XHEL FORTUM FI0009007132 HRTEU Limited
7/4/2022 XHEL FORTUM FI0009007132 Société Générale S.A.
7/4/2022 XHEL FORTUM FI0009007132 XTX Markets SAS
7/4/2022 XHEL KOJAMO FI4000312251 HRTEU Limited
7/4/2022 XHEL KOJAMO FI4000312251 XTX Markets SAS
7/4/2022 XSTO SBB B SE0009554454 XTX Markets SAS
7/4/2022 XSTO TOBII SE0002591420 XTX Markets SAS
7/11/2022 XSTO SINCH SE0016101844 XTX Markets SAS
7/12/2022 FNSE SECARE SE0015988167 XTX Markets SAS
7/12/2022 XSTO SINCH SE0016101844 XTX Markets SAS
7/14/2022 XSTO SBB B SE0009554454 XTX Markets SAS
7/14/2022 XSTO SINCH SE0016101844 XTX Markets SAS
7/15/2022 XSTO SBB B SE0009554454 XTX Markets SAS
7/15/2022 XSTO VIT B SE0007871363 XTX Markets SAS
7/18/2022 FNSE ACAST SE0015960935 XTX Markets SAS
7/18/2022 XCSE MAJGS DK0060157196 Maj Invest Markets
7/18/2022 XSTO BICO SE0013647385 XTX Markets SAS
7/19/2022 XHEL HARVIA FI4000306873 XTX Markets SAS
7/19/2022 XSTO CANTA SE0006371126 XTX Markets SAS
7/20/2022 XCSE BAVA DK0015998017 XTX Markets SAS
7/20/2022 XHEL WITH FI4000519228 XTX Markets SAS
7/21/2022 FNSE SEDANA SE0015988373 XTX Markets SAS
7/21/2022 XSTO ATT SE0007666110 XTX Markets SAS
7/21/2022 XSTO SF SE0015346135 XTX Markets SAS
7/21/2022 XSTO SINCH SE0016101844 XTX Markets SAS
7/22/2022 XCSE MAJVA DK0060005254 Maj Invest Markets
7/22/2022 XHEL FORTUM FI0009007132 BNP Paribas Arbitrage SNC
7/22/2022 XHEL FORTUM FI0009007132 HRTEU Limited
7/22/2022 XHEL FORTUM FI0009007132 XTX Markets SAS
7/22/2022 XSTO BICO SE0013647385 XTX Markets SAS
7/22/2022 XSTO SINCH SE0016101844 XTX Markets SAS
7/22/2022 XSTO TRUE B SE0016787071 XTX Markets SAS
7/25/2022 XSTO ORRON SE0000825820 HRTEU Limited
7/25/2022 XSTO ORRON SE0000825820 XTX Markets SAS
7/28/2022 FNSE SECARE SE0015988167 XTX Markets SAS
7/28/2022 XCSE VWS DK0061539921 HRTEU Limited
7/28/2022 XCSE VWS DK0061539921 XTX Markets SAS

Resource Center

Envision a Future – Fueled by Innovation, Technology and Expertise.
Now, let’s get there. Select below.