On Monday March 25, 2013, NASDAQ OMX Derivatives Markets introduces Order Price Limits in all equity and equity index derivatives order books. The Order Price Limits functionality is a Pre-Trade Price deviation check against a reference price meaning that the price instructions on an incoming order is compared against a reference price and if an order deviate more than an order book configured parameter, the order will be rejected before it can execute. The functionality is set market wide for all participants and the limits are set by the exchange.
For detailed information on the functionality, please see the Member Extranet:
For further information concerning this exchange notice please contact Trading Operations,
telephone +46 8 405 73 60, or tradingoperations@nasdaqomx.com
