NDAQ_EU Overview

The NDAQ_EU (NASDAQ European Markets) exchange connects to the following stock exchanges in Denmark, Sweden, Finland and Iceland via the NASDAQ OMX platform:

  • NASDAQ OMX Copenhagen
  • NASDAQ OMX Stockholm
  • NASDAQ OMX Helsinki
  • NASDAQ OMX Iceland

All NDAQ_EU products are cleared through a single clearing house, LCH.Clearnet, using a Value at Risk (VaR) methodology with LCH.Clearnet’s Portfolio Approach to Interest Rate Scenarios (PAIRS).

Matching Algorithms

NDAQ_EU matches orders based on one of two algorithms:

  • First-in, First-Out (FIFO)
  • Pro-rata

Connectivity options

The TT® platform supports connectivity to the exchange, so you do not have to contact the exchange regarding connectivity options.