IT – INET – Enhancement of Nasdaq Nordic and Baltic Reserve Order condition (Iceberg order) (101/14)
As previously communicated in IT-Notice 87/14, Nasdaq Nordic and Baltic have decided to offer an option to randomize the peak volume on order condition Reserve Order (a.k.a. Iceberg order). The functionality will be available in the INET Test environment earlier than originally planned, on November 10 2014.
With the current FIX order condition Reserve Order, the display (peak) volume is specified in the MaxFloor [111] field. The “peak” is the same both at entry and when the order is replenished.
The new optional DisplayRange [6227] order field is used to randomize the peak volume.
If 200 is specified as the “DisplayRange”, and the “MaxFloor” is set to 1000, the displayed amount will randomly shift between 800 and 1200. E.g. 851, 936, 1156, 1000 etc.
Time schedule
INET Test (OTF) – Nov 10, 2014 (original schedule Nov 24, 2014)
INET Production – Dec 8, 2014
Protocol changes
Updated FIX Order Entry and FIX DROP protocol specifications are available at Nasdaq Nordic Technical Information website under INET Nordic – Future Protocol Specifications.
Nordic Workstation
Nordic Workstation will support the Randomized Iceberg Peak order condition. New optional field “Disp Range” is implemented.
INET Nordic Market Model
The updated Market Model for INET Nordic will be published no later than December 8, 2014.
Questions and feedback
For further information and feedback concerning this information, please contact Nasdaq Tech Support at: +46 8 405 6410, operator@nasdaq.com or Ronny Thellman, +46 8 405 6313, ronny.thellman@nasdaq.com.
Best regards,
Nasdaq Nordic and Nasdaq Baltic
Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland, Nasdaq Riga, Nasdaq Stockholm, Nasdaq Tallinn and Nasdaq Vilnius are respectively brand names for NASDAQ OMX Copenhagen A/S, NASDAQ OMX Helsinki Ltd., NASDAQ OMX Iceland hf., NASDAQ OMX Riga AS, NASDAQ OMX Stockholm AB, NASDAQ OMX Tallinn AS and AB NASDAQ OMX Vilnius. Nasdaq Nordic represents the common offering by Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm. Nasdaq Baltic represents the common offering by Nasdaq Tallinn, Nasdaq Riga and Nasdaq Vilnius.
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