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 January 2021

Market Instrument ISIN Market Makers
XCSE Maj Invest Kontra DK0060037455 Maj Invest Markets
XCSE IA Invest MW Compounders DK0061294394 Lån & Spar Bank A/S
XSTO Skanska AB ser. B SE0000113250 BNP Paribas Arbitrage SNC;HRTEU Limited;XTX Markets SAS
XCSE Nykredit Invest Korte obligationer DK0060009249 Nykredit Bank
XCSE C WorldWide Asien KL DK0060057644 Danske Bank A/S
SSME Climeon AB ser. B SE0009973548 XTX Markets SAS
XCSE Sydinvest Fjernøsten A DKK DK0010169549 Sydbank A/S
XHEL Nokia Corporation FI0009000681 HRTEU Limited;Société Générale S.A.;XTX Markets SAS
XSTO EQT AB SE0012853455 XTX Markets SAS
XCSE Ambu A/S DK0060946788 HRTEU Limited;XTX Markets SAS
XSTO Fingerprint Cards AB ser. B SE0008374250 XTX Markets SAS
XSTO Getinge AB ser. B SE0000202624 BNP Paribas Arbitrage SNC;HRTEU Limited;XTX Markets SAS

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