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    NDTS

    Nordic Equity Derivatives Trading System (NDTS)

    Technical platform for equity derivatives trading

    Our Nordic equity derivatives trading markets have migrated to the Nasdaq Derivatives Trading System (NDTS) system platform. This Nasdaq next-generation platform is a solution based on global financial standards, for stable, flexible and high-speed services. With its powerful core technology and standardized access to Nordic liquidity, the new framework is the common technical platform utilized across all Nasdaq's U.S. and European markets and asset classes.

    Our Nordic equity derivatives trading markets have migrated to the Nasdaq Derivatives Trading System (NDTS) system platform. This Nasdaq next-generation platform is a solution based on global financial standards, for stable, flexible and high-speed services. With its powerful core technology and standardized access to Nordic liquidity, the new framework is the common technical platform utilized across all Nasdaq's U.S. and European markets and asset classes.

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    The equity derivatives market segments that are on the platform with their respective segment MIC are listed below:

    • SEED: Swedish equity derivatives, single stock and index
    • NOED: Norwegian equity derivatives, single stock and index
    • DKED: Danish equity derivatives, single stock and index
    • FIED: Finnish equity derivatives, single stock
    • PNED: Pan-Nordic equity derivatives, VINX30 index

    The equity derivatives market segments that are on the platform with their respective segment MIC are listed below:

    • SEED: Swedish equity derivatives, single stock and index
    • NOED: Norwegian equity derivatives, single stock and index
    • DKED: Danish equity derivatives, single stock and index
    • FIED: Finnish equity derivatives, single stock
    • PNED: Pan-Nordic equity derivatives, VINX30 index

    Functional Enhancements


    Changes in the NDTS production and EqD test systems.
     

    No planned enhancements at the moment.
     

    See https://www.nasdaq.com/european-markets/it-notices, Filter: "Equity Derivatives Trading", for enhancement history.

    Connectivity Guidelines

    Connectivity information for Nordic Derivatives Trading System (NDTS) production and EqD Test

    The following documents are available via the link below:

    • Connectivity guideline for Nordic Derivatives Trading System (NDTS) production
    • Connectivity guideline for Equity Derivatives Test (EqD Test)
    • Announced IP nets
    • Bandwidth recommendations for production

     

    European Market Connectivity Services

    Connectivity information for Nordic Derivatives Trading System (NDTS) production and EqD Test

    The following documents are available via the link below:

    • Connectivity guideline for Nordic Derivatives Trading System (NDTS) production
    • Connectivity guideline for Equity Derivatives Test (EqD Test)
    • Announced IP nets
    • Bandwidth recommendations for production

     

    European Market Connectivity Services ->
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    Protocol Specifications

    The following protocol specifications are available in the Member Portal under "Nasdaq Resources" > "Equity Derivatives Trading":

    • OUCH order entry
    • FIX order entry/trade reporting
    • FIX XML Specification
    • ITCH, GLIMPSE and AMD market data
    • FIXT 1.1 Transport Layer
    • SoupBinTCP
    • MoldUDP64

    Other documents available are:

    • Nasdaq Nordic Trader training (training material for Nasdaq Nordic Trader trading front-end)
    • Nordic Equity Derivatives API mapping (mapping of Genium INET OMnet API to NDTS FIX, OUCH and ITCH protocols; mapping of Genium INET FIX and ITCH to NTDS protocol versions; key API identifiers)
    • Conformance testing cases for OUCH and FIX order entry, and FIX tradereporting

    For GCF market data, the TIP protocol can be found below.

    Genium Consolidated Feed (GCF)

    The following protocol specifications are available in the Member Portal under "Nasdaq Resources" > "Equity Derivatives Trading":

    • OUCH order entry
    • FIX order entry/trade reporting
    • FIX XML Specification
    • ITCH, GLIMPSE and AMD market data
    • FIXT 1.1 Transport Layer
    • SoupBinTCP
    • MoldUDP64

    Other documents available are:

    • Nasdaq Nordic Trader training (training material for Nasdaq Nordic Trader trading front-end)
    • Nordic Equity Derivatives API mapping (mapping of Genium INET OMnet API to NDTS FIX, OUCH and ITCH protocols; mapping of Genium INET FIX and ITCH to NTDS protocol versions; key API identifiers)
    • Conformance testing cases for OUCH and FIX order entry, and FIX tradereporting

    For GCF market data, the TIP protocol can be found below.

    Genium Consolidated Feed (GCF) ->

    Market Model

    A Market Model and Functionalities document describing the business functionalities available for equity derivatives in the trading system is available in the link below.

    Rules & Regulations - Derivatives Rules ->

    Test Environments


    Information regarding test system availability and port requests.
     

    Equity Derivatives Test (EqD Test) is the test environment for equity derivatives trading and available for testing as follows:

    External Test 1 (EXT1) clearing test system is connected to EqD Test for end to end testing of trading/clearing.

    • Opening hours: Production hours Monday-Friday
    • Weekly Maintenance day: Thursday 6am-12pmCET

    GCF TST4 has EqD Test as source:

    Background load - Weekdays (currently suspended)

    Port requests and user accounts:

    • Request for test ports (FIX, OUCH, FIX Drop, ITCH re-request and GLIMPSE) can be submitted in the Member Portal. The forms can be found under "Ports" on the start page.
    • For reference and market data access, please see "Reference and Market Data" section below.
    • User accounts for Nasdaq Nordic Trader (trading front-end) can be requested in the Member Portal.
    • Trader IDs: There is one generic Trader ID for each MPID: AAA111. The trader IDs are otherwise the same as in EXT1, EXT3 and EXT4.

    Production Environment

    Port requests and user accounts:

    • Request for Production ports (FIX, OUCH, FIX Drop, ITCH re-request and GLIMPSE) can be submitted in the Member Portal. The forms can be found under "Ports" on the start page.
    • Request for Production market data access (ITCH, AMD) can be done using this form.

    Connectivity details to OUCH, FIX, FIX Drop, ITCH re-request (TCP) and GLIMPSE ports can be found in the Member Portal under the "Technical Access" view.

    Connectivity details related to ITCH and AMD Multicast feeds can be found in the "Connectivity Guideline" section on this page.

    Port requests and user accounts:

    • Request for Production ports (FIX, OUCH, FIX Drop, ITCH re-request and GLIMPSE) can be submitted in the Member Portal. The forms can be found under "Ports" on the start page.
    • Request for Production market data access (ITCH, AMD) can be done using this form.

    Connectivity details to OUCH, FIX, FIX Drop, ITCH re-request (TCP) and GLIMPSE ports can be found in the Member Portal under the "Technical Access" view.

    Connectivity details related to ITCH and AMD Multicast feeds can be found in the "Connectivity Guideline" section on this page.

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    Nasdaq Nordic Trader

    Nasdaq Nordic Trader (NNT) is the Nasdaq trading front-end for trading equity derivatives.

    User accounts and login

    • User accounts to Nasdaq Nordic Trader can be requested in the Member Portal
    • Login link to Nasdaq Nordic Trader Test
    • Login link to Nasdaq Nordic Trader Production can be found in your Member Portal request

    Training material

    • Training material for Nasdaq Nordic Trader (Nasdaq Nordic Trader training) can be found in the Member Portal
    • Short videos for walkthroughs of the main functionality in the Nasdaq Nordic Trader can be found here. Additional videos are uploaded as they become available.

    Nasdaq Nordic Trader (NNT) is the Nasdaq trading front-end for trading equity derivatives.

    User accounts and login

    • User accounts to Nasdaq Nordic Trader can be requested in the Member Portal
    • Login link to Nasdaq Nordic Trader Test
    • Login link to Nasdaq Nordic Trader Production can be found in your Member Portal request

    Training material

    • Training material for Nasdaq Nordic Trader (Nasdaq Nordic Trader training) can be found in the Member Portal
    • Short videos for walkthroughs of the main functionality in the Nasdaq Nordic Trader can be found here. Additional videos are uploaded as they become available.

    Reference and Market Data

    GCF

    • Connectivity details and TIP protocol specification can be found here.

    FDS

    • Connectivity details and other information about FDS can be found here.

    ITCH, GLIMPSE, AMD

    GCF connectivity details and TIP protocol specification FDS Connectivity details and other information DataEurope@nasdaq.com

    GCF

    • Connectivity details and TIP protocol specification can be found here.

    FDS

    • Connectivity details and other information about FDS can be found here.

    ITCH, GLIMPSE, AMD

    GCF connectivity details and TIP protocol specification -> FDS Connectivity details and other information -> DataEurope@nasdaq.com ->
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    Conformance Testing

    All trading applications connecting to NDTS must have passed conformance test prior to be used in Production.

    Conformance tests can be requested through Member Portal, under "Applications", "Conformance Tests". Refer to the guide on how to register and request conformance tests.

    Conformance testing scripts for FIX Order Entry, FIX Trade reporting and OUCH Order Entry are available in the Member Portal under "Nasdaq Resources" > "Equity Derivatives Trading".

    All trading applications connecting to NDTS must have passed conformance test prior to be used in Production.

    Conformance tests can be requested through Member Portal, under "Applications", "Conformance Tests". Refer to the guide on how to register and request conformance tests.

    Conformance testing scripts for FIX Order Entry, FIX Trade reporting and OUCH Order Entry are available in the Member Portal under "Nasdaq Resources" > "Equity Derivatives Trading".

    Technical Services Pricelist

    The Technical Services Pricelist can be found in the Resource Center at the bottom of the page below.

    European Market Connectivity Services ->

    Member Portal


     

    Log In ->

    IT Notices


     

    Log In ->

    Support

    Contact Us

    Member & Account

    Production and test login credentials (user ID and passwords), participant and user configuration, FIX configuration.






    MAC@nasdaq.com

    Technical Support

    Technical integration issues for members and independent software vendors (ISVs): trading and clearing on OMnet API and FIX. General disturbances and issues.




    EMO@nasdaq.com
    +46 8 405 7700

    Trading Operations

    Support for Genium INET trading-related queries for equity derivatives and fixed income (Trading Operations) and commodities (Desken).





    EMO@nasdaq.com
    +46 8 405 7700
    desken@nasdaq.com
    +47 6752 8037

    Risk Management

    Margin methodology for equity and index derivatives, cleared fixed income products and commodities.







    clearing.risk@nasdaq.com
    +46 8 405 7088

    Clearing Operations

    Support for Genium INET clearing operation-related queries.








    clearing@nasdaq.com
    +46 8 405 6880
    clearing.test@nasdaq.com
    +47 67 52 8037

    Technical Relations

    Market readiness upcoming enhancements, ISV and other third-party technical and sales support, onboarding and conformance testing-related questions: Riitta Pesiö

    riitta.pesio@nasdaq.com
    +46 8 405 6437

    Resource Center

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