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The Nasdaq Nordic Pre Trade Risk Management (PRM) service provides member firms with ability to facilitate pre-trade protection on INET Nordic. Using PRM, members can have order level control of their trading activity and the trading activity of their clients and customers including prevention of potentially erroneous transactions.
Following requests from market participants, Nasdaq Nordic has decided to enhance the possibilities to upload a list of Restricted symbols. Today Nasdaq Nordic offers PRM customers the possibility to upload a list of Restricted symbols, one list per PRM Account. The files (in csv format) are to be uploaded before 07:45 am CET and are valid for the current trading day.
Following the enhancement, members may upload new files (in csv format) of Restricted symbols during the trading day. The files will be fetched, starting CET 07:45, and processed every 5 minutes. This enhancement will allow for a more effective intra-day control of restricted symbols on PRM account level.
Protocol specifications
There are no changes to protocol specifications. INET protocol specifications are available at Nasdaq Nordic Technical Information web site.
Legal and Market Model
The PRM Service Guide for INET will be updated reflecting these changes effective as of September 18, 2017.
Time Schedule
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INET Test (NTF), GCF TST4 – Currently available in test
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INET MiFID II Test – Currently available in test
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INET Production – September 18, 2017
Testing access
Members can test out the new functionality in the INET Test (NTF)/GCF TST4 and INET MiFID II Test environments.
Questions and feedback
For further information and feedback concerning this information, please contact Anders Green, +46 8 405 67 52, anders.green@nasdaq.com.
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