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INET Nordic - Functional Enhancements

The information in this area is related to functional enhancements of INET Nordic trading platform.

The information is available to provide detailed information on upcoming enhancements. Information about enhancements that are already implemented in Production are available under IT-Notices, listed in chronological order. Functional information is available in the Market Model for INET Nordic.

Confirmed Schedule

The enhancements in the list below are confirmed and have a confirmed date for INET Nordic Test and Production. ‚Äč

Summary of upcoming INET enhancements, details below:

  • APA Enhancements: Revised handling of Volume Omission deferral type (VOLO) for non-Equities in Nordic Instruments and validation of the use of Systematic Internalizer related trade types - April 23, 2018

APA Enhancements: Revised handling of Volume Omission deferral type (VOLO) for non-Equities in Nordic Instruments and validation of the use of Systematic Internalizer related trade types

Revised handling of Volume Omission deferral type (VOLO) for non-Equities in Nordic Instruments

Nasdaq Nordic will change the handling of trade reports in non-Equity related instruments reported with Volume Omission deferral type (VOLO) when reporting off-exchange trades through Nasdaq APA. The rest of the deferral types for non-equities will follow and will be communicated separately.

Please note that this change does not impact the on-exchange manual trade reporting through INET.

Corrected handling of the Volume Omission (VOLO) Deferral type granted in Sweden

The behaviour of the VOLO deferral type according to Swedish regulation will be corrected. This means that as of April 23, 2018, trade reports with VOLO deferral will be added to the aggregated reports published T+1, in case a minimum of five transactions have been executed on the same day in a given instrument.

Validation of the use of Systematic Internalizer related trade types

Nasdaq Nordic will introduce a validation for the use of trade types “SI Standard Trade” and “SI non-Standard Trade” reported through Nasdaq APA. This change is related to handling of the regulatory reporting towards ESMA where all the trades reported by the Systematic Internalizer have to be regulatory reported by using the MIC code of the Systematic Internalizer. Nasdaq will gather and configure the MIC codes of the current Systematic Internalizers from the ESMA register and enable the Systematic Internalizer trade types accordingly. Please note that this change does not impact the on-exchange manual trade reporting through INET.

Trade reports reported as Systematic Internalizer trades will be rejected in case the reporting party is not registered as a Systematic Internalizer. Therefore, Nasdaq Nordic kindly recommends the Systematic Internalizers who are unsure whether they have been registered in the ESMA register to contact Nasdaq Cash Equity Operations.

Find more detailed information about the above enhancements – go to IT-Notice 22/18.

Time schedule

  • INET Test (NTF) – Available in test
  • INET Production – April 23, 2018

Currently Under Planning

The enhancements in the list below shall be viewed as for information only. The purpose of the list is to give the member and ISV community some pre-information on coming initiatives that currently are being planned. These activities might not lead to an implementation project.

 

 

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