Nasdaq Nordic
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
The agreement covers instruments on Nasdaq Stockholm, Nasdaq Helsinki, Nasdaq Copenhagen and Nasdaq Iceland (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 MAC@nasdaq.com with a list of instruments selected for market making. The quoting obligations can be found in the Market Making Agreement and can also be requested from Operator@nasdaq.com.
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 February 2026
| refdate | mic | symbol | isin | participantname | |
|---|---|---|---|---|---|
| 2026-02-02 | XCSE | JYIAAU | DK0061413317 | Jyske Bank A/S | |
| 2026-02-02 | XSTO | INTRUM | SE0000936478 | Citadel Securities GCS (Ireland) Limited | |
| 2026-02-02 | XSTO | IPCO | CA46016U1084 | Citadel Securities GCS (Ireland) Limited | |
| 2026-02-02 | XSTO | IPCO | CA46016U1084 | Jane Street Netherlands B.V. | |
| 2026-02-03 | XSTO | EQT | SE0012853455 | Citadel Securities GCS (Ireland) Limited | |
| 2026-02-03 | XSTO | EQT | SE0012853455 | Jane Street Netherlands B.V. | |
| 2026-02-03 | XSTO | EQT | SE0012853455 | Optiver VOF | |
| 2026-02-03 | XSTO | EQT | SE0012853455 | Société Générale S.A. | |
| 2026-02-03 | XSTO | EQT | SE0012853455 | XTX Markets SAS | |
| 2026-02-03 | XSTO | KAR | SE0012323715 | Jane Street Netherlands B.V. | |
| 2026-02-03 | XSTO | VITR | SE0011205202 | Citadel Securities GCS (Ireland) Limited | |
| 2026-02-03 | XSTO | VITR | SE0011205202 | Jane Street Netherlands B.V. | |
| 2026-02-03 | XSTO | VITR | SE0011205202 | XTX Markets SAS | |
| 2026-02-04 | XCSE | ROCK B | DK0063855168 | Citadel Securities GCS (Ireland) Limited | |
| 2026-02-04 | XCSE | ROCK B | DK0063855168 | HRTEU Limited | |
| 2026-02-04 | XCSE | ROCK B | DK0063855168 | Jane Street Netherlands B.V. | |
| 2026-02-04 | XCSE | ROCK B | DK0063855168 | Société Générale S.A. | |
| 2026-02-04 | XCSE | ROCK B | DK0063855168 | Svenska Handelsbanken AB | |
| 2026-02-04 | XSTO | PCELL | SE0006425815 | Citadel Securities GCS (Ireland) Limited | |
| 2026-02-05 | XCSE | CHEMM | DK0060055861 | Citadel Securities GCS (Ireland) Limited | |
| 2026-02-05 | XCSE | CHEMM | DK0060055861 | Jane Street Netherlands B.V. | |
| 2026-02-05 | XCSE | CHEMM | DK0060055861 | XTX Markets SAS | |
| 2026-02-05 | XCSE | GN | DK0010272632 | Citadel Securities GCS (Ireland) Limited | |
| 2026-02-05 | XCSE | GN | DK0010272632 | HRTEU Limited | |
| 2026-02-05 | XCSE | GN | DK0010272632 | Jane Street Netherlands B.V. | |
| 2026-02-05 | XCSE | GN | DK0010272632 | Optiver VOF | |
| 2026-02-05 | XCSE | GN | DK0010272632 | XTX Markets SAS | |
| 2026-02-05 | XCSE | PNDORA | DK0060252690 | BNP Paribas Financial Markets | |
| 2026-02-05 | XCSE | PNDORA | DK0060252690 | Citadel Securities GCS (Ireland) Limited | |
| 2026-02-05 | XCSE | PNDORA | DK0060252690 | HRTEU Limited | |
| 2026-02-05 | XCSE | PNDORA | DK0060252690 | Jane Street Netherlands B.V. | |
| 2026-02-05 | XCSE | PNDORA | DK0060252690 | Optiver VOF | |
| 2026-02-05 | XCSE | PNDORA | DK0060252690 | Société Générale S.A. | |
| 2026-02-05 | XCSE | PNDORA | DK0060252690 | XTX Markets SAS | |
| 2026-02-05 | XHEL | KCR | FI0009005870 | Citadel Securities GCS (Ireland) Limited | |
| 2026-02-05 | XHEL | KCR | FI0009005870 | HRTEU Limited | |
| 2026-02-05 | XHEL | KCR | FI0009005870 | Jane Street Netherlands B.V. | |
| 2026-02-05 | XHEL | KCR | FI0009005870 | Société Générale S.A. | |
| 2026-02-05 | XHEL | KCR | FI0009005870 | XTX Markets SAS | |
| 2026-02-05 | XSTO | HTRO | SE0018040677 | Citadel Securities GCS (Ireland) Limited | |
| 2026-02-05 | XSTO | NOLA B | SE0015962477 | Citadel Securities GCS (Ireland) Limited | |
| 2026-02-05 | XSTO | NOLA B | SE0015962477 | Jane Street Netherlands B.V. | |
| 2026-02-05 | XSTO | TROAX | SE0012729366 | Citadel Securities GCS (Ireland) Limited | |
| 2026-02-05 | XSTO | VOLCAR B | SE0021628898 | Citadel Securities GCS (Ireland) Limited | |
| 2026-02-05 | XSTO | VOLCAR B | SE0021628898 | Optiver VOF | |
| 2026-02-05 | XSTO | VOLCAR B | SE0021628898 | XTX Markets SAS | |
| 2026-02-06 | XSTO | TROAX | SE0012729366 | Citadel Securities GCS (Ireland) Limited | |
| 2026-02-06 | XSTO | TROAX | SE0012729366 | Jane Street Netherlands B.V. | |
| 2026-02-09 | XCSE | JYIAAU | DK0061413317 | Jyske Bank A/S | |
| 2026-02-11 | FNSE | SEYE | SE0009268279 | XTX Markets SAS | |
| 2026-02-11 | XHEL | KEMPOWR | FI4000513593 | XTX Markets SAS | |
| 2026-02-11 | XSTO | KAR | SE0012323715 | Jane Street Netherlands B.V. | |
| 2026-02-12 | XCSE | DSV | DK0060079531 | Citadel Securities GCS (Ireland) Limited | |
| 2026-02-12 | XCSE | DSV | DK0060079531 | HRTEU Limited | |
| 2026-02-12 | XCSE | DSV | DK0060079531 | Optiver VOF | |
| 2026-02-12 | XCSE | DSV | DK0060079531 | Société Générale S.A. | |
| 2026-02-12 | XHEL | ORNBV | FI0009014377 | Citadel Securities GCS (Ireland) Limited | |
| 2026-02-12 | XHEL | ORNBV | FI0009014377 | HRTEU Limited | |
| 2026-02-12 | XHEL | ORNBV | FI0009014377 | Jane Street Netherlands B.V. | |
| 2026-02-12 | XHEL | ORNBV | FI0009014377 | Optiver VOF | |
| 2026-02-12 | XHEL | ORNBV | FI0009014377 | Svenska Handelsbanken AB | |
| 2026-02-12 | XSTO | IVSO | SE0001200015 | Citadel Securities GCS (Ireland) Limited | |
| 2026-02-17 | XSTO | TRUE B | SE0016787071 | Citadel Securities GCS (Ireland) Limited | |
| 2026-02-23 | XCSE | NOVO B | DK0062498333 | Citadel Securities GCS (Ireland) Limited | |
| 2026-02-23 | XCSE | NOVO B | DK0062498333 | HRTEU Limited | |
| 2026-02-23 | XCSE | NOVO B | DK0062498333 | Jane Street Netherlands B.V. | |
| 2026-02-23 | XCSE | NOVO B | DK0062498333 | Optiver VOF | |
| 2026-02-23 | XCSE | NOVO B | DK0062498333 | Société Générale S.A. | |
| 2026-02-23 | XSTO | XBRANE | SE0026598583 | XTX Markets SAS | |
| 2026-02-24 | FNSE | VER | SE0018538068 | XTX Markets SAS | |
| 2026-02-25 | XCSE | NKT | DK0010287663 | Citadel Securities GCS (Ireland) Limited | |
| 2026-02-25 | XCSE | NKT | DK0010287663 | Jane Street Netherlands B.V. | |
| 2026-02-25 | XCSE | NKT | DK0010287663 | Optiver VOF | |
| 2026-02-25 | XCSE | NKT | DK0010287663 | Société Générale S.A. | |
| 2026-02-25 | XCSE | NKT | DK0010287663 | XTX Markets SAS | |
| 2026-02-25 | XSTO | NIBE B | SE0015988019 | BNP Paribas Financial Markets | |
| 2026-02-25 | XSTO | NIBE B | SE0015988019 | Citadel Securities GCS (Ireland) Limited | |
| 2026-02-25 | XSTO | NIBE B | SE0015988019 | Jane Street Netherlands B.V. | |
| 2026-02-25 | XSTO | NIBE B | SE0015988019 | Optiver VOF | |
| 2026-02-25 | XSTO | NIBE B | SE0015988019 | Société Générale S.A. | |
| 2026-02-25 | XSTO | NIBE B | SE0015988019 | XTX Markets SAS | |
| 2026-02-26 | XHEL | QTCOM | FI4000198031 | Citadel Securities GCS (Ireland) Limited | |
| 2026-02-27 | XCSE | RBREW | DK0060634707 | Citadel Securities GCS (Ireland) Limited |
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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