IT – INET Nordic – New Auction “Scheduled Intraday Auction” (65/13)
As communicated in IT Notice 55/13 dated June 14, 2013, NASDAQ OMX Nordic will implement Scheduled Intraday Auctions on certain shares on the Danish, Finnish, and Swedish exchanges from and including December 2, 2013. Moreover, the IT Notice informed that new market segments will be required for the Finnish and Swedish markets:
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Finland: A new market segment for mid cap and small cap shares.
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Sweden: A new market segment for small cap shares.
Time schedule
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OTF October 8, 2013.
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Production December 2, 2013.
Test environment OTF
September 12, 2013 – October 7, 2013:
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The Scheduled Intraday Auction will be set up on one market in OTF, on First North Denmark (FNDK CPH, Sequent 100), in the period September 12, 2013 – October 7, 2013. We aim to have everything ready in OTF, including the two new market segments, for our customers to be able to start testing from October 8, 2013.
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On TotalView-ITCH, from September 12, you will see a new value “I” on First North Denmark for the fields:
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Market Segment State Code (in message “Market Segment State”).
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Cross Type (in messages “Cross Trade” and “NetOrderImbalanceIndicator”).
October 8, 2013 onwards:
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From October 8, the setup in OTF will be the same as the planned production setup, meaning there will be a new market segment with the Small Cap Stockholm order books, and a new market segment with the Medium and Small Cap Helsinki order books.
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Said order books will be moved from existing market segments to the new market segments.
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The new market segments will have the same names and source IDs in Production at Go-live as they have in OTF.
Genium Consolidated Feed test environment GCF4
September 12, 2013 – October 7, 2013
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If your GCF subscription includes “First North Denmark”, you will for that market, from
September 12, start receiving:
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new MarketStateCode “17” in message “BasicDataTradingScheme” as well as in message “Market State”
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new value “4” for CrossType in message “NetOrderImbalanceIndicator”.
October 8, 2013 onwards:
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Complete set-up with new market segments and with scheduled intraday auction activated on all market segments that are to have scheduled intraday auctions.
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Market IDs for the two new market segments will be published when we get closer to October 8.
Protocol changes
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Protocol changes for FIX, OUCH, TotalView-ITCH, and TIP are described in the enclosed document.
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The protocols themselves will be published in the autumn.
Rule changes
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NASDAQ OMX Nordic Member Rules (NMR) will be updated and made available in the autumn.
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The NASDAQ OMX Nordic Market Model will be updated and made available in autumn.
Support
If you have any questions regarding this Exchange Notice, please contact NASDAQ OMX Tech Support at: +46 8 405 6410, operator@nasdaqomx.com
Best regards,
NASDAQ OMX Nordic
“NASDAQ OMX Nordic” is not a legal entity but describes the common offering from the NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, and Reykjavik.
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