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-====== Nasdaq OMX - Nordic ======
-Nasdaq OMX - Nordic covers the offering of NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm and Iceland. Falling under the NASDAQ OMX exchange group it leverages the same technologies utilized by the NASDAQ market in the US.
-[[http://www.nasdaqomxnordic.com | Homepage]]\\
-Currencies:
-  * Copenhagen - Danish Krone (DEK)
-  * Helsinki - Euro (EUR)
-  * Stockholm - Swedish Krona (SEK)
-===== Trading Hours & Calendar =====
-[[http://www.nasdaqomxnordic.com/tradinghours | Trading Hours]]\\
-[[http://nordic.nasdaqomxtrader.com/digitalAssets/79/79580_equitytradingcalendar2012-2014web.pdf | Holiday Calendar]]
-===== Trading Summary =====
-The NASDAQ OMX - Nordic markets utilize the cutting edge technologies which were honed in the US by NASDAQ.
-==== Lit Order-types ====
-  * Limit Buy/Sell (Day / IOC)
-  * Market Buy/Sell (Day)
-==== Alternative Trading Systems (ATS) ====
-  * [[BATSEurope | BATS Europe]]
-  * [[Turquoise | Turquoise]]
-==== Basic Market Rules ====
-  * Lot Size - 100 shares (Copenhagen, Stockholm & Helsinki)
-  * Tick Size - The minimum price increment (tick size) varies by market, price and security as defined in Appendix F of the [[http://www.nasdaqomx.com/digitalAssets/85/85699_nasdaqomxnordicmarketmodel2.17.pdf | Nasdaq OMX Nordic Market Model]]
-  * Short Sale Rules - Naked short sales are prohibited, a locate must be obtained prior to executing a short-sell.
-  * Circuit Breakers - Nasdaq OMX Nordic employs volatility guides which are set dynamically (Dynamic Volatility Guard) or statically (Static Volatility Guard). Detailed information on the levels at which these are triggerd can be found in Appendix M of the [[http://www.nasdaqomx.com/digitalAssets/85/85699_nasdaqomxnordicmarketmodel2.17.pdf | Nasdaq OMX Nordic Market Model]]
-==== Auction Mechanisms ====
-Referred to as Calls on Nasdaq OMX Nordic.
-Calls: The Call procedure starts in all Order Books of the Market segment at virtually the same time. A Call consists of two phases: order management and uncross. The uncross lasts a short time, usually a fraction of a second. A random uncrosses sequence for the Order Books will be applied. To facilitate the price formation process in calls, the order book information is supplemented with tentative matching information. It includes indicative matching price based on the prevailing order information, and how much total volume (including no displayed volume) would be matched at the indicated price. Uncross phase includes opening/closing price determination, share allocation and order information delivery.
-=== Open ===
-During the opening call there is Market by Order dissemination of the order book. Order entry and full order management is available through the 9:00 opening auction uncross (and after). Orders with time-in-force conditions Day, Good-Till-Cancel, Immediate-Or Cancel and Good-Till-Time and On-open orders (Market-on-open (MOO), Limit-on-open LOO) and Imbalance on-open orders (IOOP)) become eligible interest for the opening auction. An IOC order is eligible for execution in the opening auction and will be cancelled after the completion of the opening auction if it is not fully executed. On-close orders (Market-on-close orders (MOC), Limit-on-close orders (LOC) and Imbalance onclose orders (IOOC)) can be entered, but are effective for closing auction only.
-Orders are displayed in the market by order feed at their entered limit prices. The book will show crossed prices if the highest bids are at higher price levels than the lowest offers. The Market by Order does not include On-open, On-close, Non-displayed, Market and Hidden iceberg volumes.  Orders entered during pre-open are assigned time priority. No matching (continuous market) until 9:00. Imbalance information dissemination begins exactly 15 minutes before opening call for all issues, and is updated once a second if information is changed. Unexecuted orders (non-IOC and non-on open orders) remaining after the uncross will transition into the continuous market with retained time-priority
-=== Close ===
-Leading up to the closing call uncross there is Market by Order dissemination of the continuous order book. The Market by Order does not include MOC, LOC, IOOC, non displayed, Market and Hidden iceberg volumes. Continuous trading is halted 17:25 followed by a Pre-close period with no auto matching. The Pre-close period lasts approximately for 5 minutes and ends with the closing call uncross that randomly among order books takes place between 17:29:30 and 17:30.  Order entry and full order management is available during the Pre-close with the exception for pegged orders that cannot be entered.
-Orders entered are assigned time priority. The Imbalance dissemination begins exactly 17:25 and is updated once a second if information is changed
-Further information can be found in the [[http://www.nasdaqomx.com/digitalAssets/83/83147_nasdaqomx_inet_nordicmarketmodel_2.13_validfrom10dec2012.pdf | Nasdaq OMX Nordic Market Model]] in section 4 - Sessions during the trading day.
-===== Additional Info =====
-===== See Also =====
-===== References =====