IT – INET – Enhancement of Nasdaq Nordic and Baltic Reserve Order condition (Iceberg order) (108/14)
As previously communicated in IT-Notice 87/14 and 101/14, 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).
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) – Available
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 – 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 is available under Rules & Regulations.
Questions and feedback
For further information and feedback concerning this information, please contact Nasdaq Tech Support at: +46 8 405 6410, operator@nasdaqomx.com or Ronny Thellman, +46 8 405 6313, ronny.thellman@nasdaqomx.com. |
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