Upcoming changes in INET Nordic test and production systems
This page is updated with information on upcoming INET Nordic technical enhancements. Subscribe to IT Notices to stay updated with the latest business and technical changes when they are announced.
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Upcoming changes in INET Nordic test and production systems
This page is updated with information on upcoming INET Nordic technical enhancements. Subscribe to IT Notices to stay updated with the latest business and technical changes when they are announced.
INET Nordic Upcoming Enhancements
- Q1, 2025 - Introduction of PureStream on Nasdaq Europe
Refer to IT Notices for more information about upcoming enhancements.
Introduction of PureStream on Nasdaq Europe
An Efficient and Innovative Solution for Volume-Based Trajectory Trading.
Pending regulatory approval.
Nasdaq Nordic is planning to introduce PureStream on Nasdaq Europe[1], a new volume-based trajectory trading solution in INET Nordic in Q1/2025 covering 13 European markets, pending regulatory approval. This innovative solution is designed to minimize market impact while maximizing liquidity from equal counterparts. PureStream matches Indications of Interest (IOIs) based on liquidity transfer rates (LTR), allowing members to automate the execution of trading interests by trading a percentage of the market's future volume at the market’s Volume-Weighted Average Price (VWAP).
PureStream complements and coexists alongside Nasdaq Nordic’s existing central limit order book, Nordic@Mid and Auction on Demand trading. There is no interaction between PureStream and existing trading methods.
[1] Nasdaq Europe refers to, either each individually or all together, markets operated by Nasdaq Copenhagen A/S, Nasdaq Helsinki Ltd and Nasdaq Stockholm AB.
For more information, please visit the www.nasdaq.com/solutions/purestream-on-nasdaq-europe webpage, and IT-Notices 63/24 and 72/24.
Protocol specifications
PureStream IOIs can be submitted via OUCH and FIX Order Entry protocols.
PureStream trades will be published via public post-trade protocols NLS and GCF/tip.
There will be updates to the INET OUCH and FIX Order Entry, FIX DROP (for OUCH & FIX msgs), TotalView-ITCH and NLS protocols due to this change.
A PureStream on Nasdaq Europe protocol changes document and individual INET protocol specifications are available at the Nasdaq Nordic Technical Information website, under INET Nordic Protocol Specifications.
Information on the GCF/tip changes is available at the GCF webpage.
Implementation schedule
- INET Test & Production: Q1, 2025 (Pending regulatory approval)
Support
Contact Us
Technical Relations
Market readiness upcoming enhancements, independent software vendors and other third-party technical and sales support
ronny.thellman@nasdaq.com
+46 8 405 6313
Related Information
INET Nordic Protocol Specifications
The protocol specifications are necessary for participant trading application integration with the INET Nordic platform.
INET Nordic Environments
INET Nordic and Baltic production, testing and conformance information.