Nasdaq Nordic Rolls Out Auction on Demand, Shoring Up Transparent Execution

[kreslik.news]

Nasdaq Nordic (Nasdaq: NDAQ), a subsidiary of the exchange operator that provides securities in the Nordic and Baltic countries, has implemented Auction on Demand, a new market feature designed to satisfy MIFID II obligations, per a company statement.

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Nasdaq Nordic’s Auction on Demand is slated for a June 7, 2017 release, helping streamline and fulfill the upcoming MIFID II legislation. This will also meet requirements for a periodic auction-trading model, whilst offering Nasdaq’s existing trading clients access to a tightly regulated alternative to Over-the-Counter (OTC) and ... (read more)