IT – Nasdaq Nordic and Nasdaq Baltic – Order Record Keeping updates – End-to-end testing available (59/17)
As previously communicated, under MiFID II Article 25 and RTS 24, a trading venue has to keep a database of all order records, quotes, session changes, and changes to the indicative prices and volumes during auctions. Nasdaq will support short codes on selected order entry fields for the Equity, Equity Derivatives, Commodities and Fixed Income markets to prevent sensitive full text data to be submitted on orders. Mapping of short codes to long codes will be done via Nasdaq Member Portal; either through REST API, SFTP file upload, or manually through the Member Portal GUI. For a summary of the technical solution and a high level time plan for the roll-out please consult the Nasdaq Order Record Keeping Guide, available on the Nasdaq INET Nordic Technical Information website under Protocol Specifications.
End-to-end testing: From order entry to Member Portal
As of today, end-to-end testing is available for Members and ISVs in Member Portal ORK Test, a test environment of the Member Portal, dedicated specifically for Order Record Keeping (ORK). Member Portal ORK Test is now connected to the INET M2 and Genium INET EXT4 test environments. Customers are now able to test the real-time reconciliation functionality in the Member Portal GUI. This functionality allows customers to identify if all long code values have been provided for all short codes used on order entry.
Customers will be able to use the REST API and to manually upload CSV files or to register identifiers directly in the portal GUI. Please note that testing of file uploads via SFTP is currently not supported in Member Portal ORK Test. Nasdaq will activate this upload method as soon as possible and will announce its availability in a separate IT Notice. To support testing, an updated version of the Short Code Management API Manual has been published along with the CSV File Format Specification. Both documents are located on the Nasdaq INET Nordic Technical Information website, under Protocol Specifications.
Access to Member Portal Test
All Member Administrator user accounts in the Production version of Member Portal have been copied to Member Portal ORK Test and have been assigned randomized passwords. Member Administrators who have not yet accessed the test environment are therefore advised to visit https://memberportal-ext-test.nasdaq.com and click on the link “Forgot Password?”. It will then be possible to request a reset of the password via email. Once logged in to Member Portal ORK Test, administrators will be able to create more GUI user accounts for their firm. (If REST API user accounts are needed, these can be requested by submitting a regular request through the Production version of Member Portal.)
For further information and feedback concerning this information, please contact
Nasdaq Cash Equity Operations
operator@nasdaq.com
+46 8 405 6410
Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland, Nasdaq Riga, Nasdaq Stockholm, Nasdaq Tallinn and Nasdaq Vilnius are respectively brand names for Nasdaq Copenhagen A/S, Nasdaq Helsinki Ltd, Nasdaq Iceland hf., Nasdaq Riga AS, Nasdaq Stockholm AB, Nasdaq Tallinn AS and AB Nasdaq 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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