Differences

This shows you the differences between two versions of the page.

--- norex [2020/03/17 11:27] – [Basic Market Rules] maya
+++ norex [2023/02/27 11:54] (current) – hammed
@@ Line 11: / Line 11: @@
 [[http://www.nasdaqomxnordic.com/tradinghours | Trading Hours]]\\
-[[http://www.nasdaqomxnordic.com/digitalAssets/107/107421_nordic-trading-mousepad_gtms.pdf | Trading Calendar]]
+[[https://www.nasdaqomxnordic.com/digitalAssets/111/111428_trading-calendar-2022-2024.pdf | Trading Calendar]]
 ==== Order Types ====
@@ Line 23: / Line 23: @@
   * Tick Size: varies by market, price, and security.
   * 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).
+  * Circuit Breakers: Nasdaq OMX Nordic employs volatility guides which are set dynamically (Dynamic Volatility Guard) or statically (Static Volatility Guard). For more information, please see the Circuit Breakers sections of the [[https://www.nasdaq.com/docs/Nasdaq%20Iceland%20Market%20model%20for%20Genium%20INET%202019_03.pdf |Nasdaq OMX Nordic Market Model]] document.
-    * A circuit breaker is defined as a trading pause and resumption process designed to restore an orderly market in a single Order Book. The Static circuit breaker will be utilized if a proposed Trade deviates too much in percentage from the reference price, which is normally the day’s opening price or yesterday’s last price. When the circuit breaker is triggered, continuous trading is halted followed by an auction period, after which the Order Book moves back to continuous trading. For more information, please see the Circuit Breakers sections of the [[https://www.nasdaq.com/docs/Nasdaq%20Iceland%20Market%20model%20for%20Genium%20INET%202019_03.pdf |Nasdaq OMX Nordic Market Model]] document.
   * **Note:** as part of pre-trade transparency requirements under the new MiFID II rule, Europe hidden or hidden portion of iceberg (e.g., CHIX-X Bats and Turquoise reserve/dark orders) order must be sent above the Large In Scale (LIS) thresholds as defined by the European Securities and Markets Authority (ESMA). For more information about the MiFID II rules, visit the ESMA official website at https://www.esma.europa.eu/.