Nordic Equities

Nasdaq Nordic offers one common gateway to trading of all Nordic cash equities.

Nasdaq Nordic operates the exchanges in Sweden, Denmark, Finland and Iceland.

We offer a well-regulated and transparent marketplace where both listed companies and trading activity is under constant surveillance.

The Nordic Equities Market is run on the world leading, high-capacity trading system, INET.

Electronic Trading Services

Lit Trading

One common gateway for trading Swedish, Finnish, Danish, Icelandic and Norwegian equities.

Key Features
  • Best Liquidity for Nordic Shares
  • Best EBBO for Nordic Shares
  • Largest Order Depth at Best Bid

Nordic Auctions

Auctions at opening and closing offer robust pricing and volume discovery.

Key Features
  • Transparent and robust auctions
  • Efficient Trading of Larger Blocks
  • Trade at the Closing Price

Trading@ClosingPrice

Continue to match orders after the Lit Order book Closing Auction, in a safe, regulated, on-exchange environment.

Key Features
  • Trading state
  • Volumes at Closing Price
  • Liquidity Opportunity

Large in Scale

Execute large, non-displayed block orders within the central lit order book.

Key Features
  • Excellent Liquidity
  • Minimized Market Impact
  • The Stub Remains Hidden

Auction on Demand

Periodic auctions as an alternative to OTC and dark pool trading.

Key Features
  • Periodic Auctions on Demand
  • Minimized Market Impact
  • Multiple Safety Features

Nordic@Mid Darkpool

Mid-point matching for reduced market impact costs - as well as a price advantage.

Key Features
  • Reduced market impact cost
  • Price improvement
  • Efficient order execution

Supplementary Trading Services

Nordic Workstation

Cost-efficient software for trading & trade management.

Key Features
  • Pay as You Go
  • Includes All Necessary & Expected Functionality
  • Web-based – No Local IT Infrastructure

Smart order routing for European Best Bid & Offer

Plug-n-Play Best Execution solution.

Key Features
  • Routing to the market with best EBBO
  • Low latency for accurate routing
  • Easy access through existing connectivity

Execution Algorithms

Efficient pay-as-you-go trading algorithms.

Key Features
  • Efficient execution and minimized market impact
  • Cost Efficient
  • Broker Neutral

Pre-trade Risk Management for INET Nordic

Complete MIFID II proof pre-trade risk protection with order level control of trading.

Key Features
  • Low Latency
  • Facilitates Sponsored Access
  • Quick & Easy Implementation

Trade reporting of manual cash equity trades

Any trades that occur outside Nasdaq Nordic Central Limit Order book, must be reported to the relevant order book.

Key Features
  • One-Party Report
  • Two-Party Pre-Locked Report
  • Break Locked-in Trade or Cancel Trade

Market Making and Membership

Market Making (INET)

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

Cash Equity Membership

Step-by-step description on how to obtain a membership on Nasdaq Nordic Cash Equity Markets.

Post-Trade Arrangements

Post-Trade Arrangements

Trades are cleared and settled either through a Central Counterparty (CCP), or they are settled on a gross basis.

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Related Information

European Rules and Regulations

Common Nordic Rules & Regulations and Market Abuse Regulation

Technical Information - INET Nordic Trading Platform

INET Nordic is the Nasdaq trading platform for Nordic and Baltic equities trading.

Nordic Equity Derivatives

Manage risk or increase yield using standardized or custom options, futures and forwards for Nordic stocks and indices.

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