- Nordic@Mid orders are non-displayed, meaning that no prices or volumes or any information of the orders will be displayed in public feed
- All orders are priced and executed at the midpoint of best bid and offer derived from published prices in the order book on the NASDAQ OMX Nordic exchanges ordinary markets (for Norwegian shares admitted to trading in NASDAQ OMX Stockholm, Oslo Börs best bid and offer is to be used)
- Distinction between Nordic@Mid orders and orders in the central order book – separate matching
- Minimum order value - criteria supports the execution of large orders.
- Minimum acceptable quantity is supported to avoid partial executions.
- Limit price is supported as price cap / floor.
- Post trade publishing real time via the public NASDAQ OMX feed.
- Regulated Market with NASDAQ OMX Nordic Trading Surveillance.
- Automatic access without additional requirements.
Key benefits
- Reduces market impact cost: Orders always matched at midpoint of prevailing reference price.
- Price improvement: Enables member broker-dealers to offer midpoint matching to institutional investors.
- Efficiency: Automatic execution of large orders & reduced counterparty search costs and search time.