According to Nasdaq, Nordic@Mid will offer a unique possibility to execute large orders anonymously and market neutrally.
Trading members and investors will be able to minimize trading and counterparty search costs while ensuring transparency concerning price determination.
Nordic@Mid will offer a separate continuous crossing of non-displayed orders where orders are always matched at midpoint of prevailing reference price; real-time post trade transparency, including member identification, via public Nasdaq OMX feed, flagged as Nordic@Mid execution; and regulated market with Nasdaq OMX Nordic Trading surveillance.
Nasdaq OMX Nordic president Hans-Ole Jochumsen said with Nordic@Mid, institutional investors are now able to execute large block trades efficiently and market neutrally on Nasdaq OMX Nordic exchanges, which are by far the biggest Nordic liquidity pool.
“Further improving liquidity on our regulated, well-surveyed markets and our state-of-art trading platform benefits all market participants and investors alike,” Jochumsen said.
