As previously communicated in IT notice 52/18, Auction on Demand (AOD), the Nasdaq Nordic Periodic Auction trading service will be further enhanced with two additional Time In Force (TIF) values valid for AOD Orders: |
GFA A GFA Order is added in the AOD Order book until cancelled by the submitter, or automatically after the next auction in the AOD Order book.
An IOC Order is eligible for execution in the AOD auction if the auction is ongoing or if the Order initiates the auction. The Order will be cancelled after the completion of the auction if it is not fully executed.
Nasdaq Nordic has included the new TIF in the future INET FIX and OUCH protocol versions.
Members can test out the new functionality in the INET Test (NTF)/GCF TST4. Legal and Market Model Changes will be reflected in INET Nordic Market Model effective November 19, 2018, published on Rules and Regulations for the Nordic Markets. Time Schedule
For further information and feedback concerning this information, please contact: |
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Nasdaq Nordic
Nasdaq Nordic represents the common offering by Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm. Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm are respectively brand names for Nasdaq Copenhagen A/S, Nasdaq Helsinki Ltd, Nasdaq Iceland hf. and Nasdaq Stockholm AB.