Instinet’s unit, Instinet Europe, has set up a link with NASDAQ OMX’s non-displayed trading facility for its Nordic exchanges, Nordic@Mid. Instinet Europe’s institutional clients will be able to access Nordic@Mid through Instinet’s execution experts algorithmic suite or its SmartRouter program.
Nordic@Mid currently covers stocks listed on NASDAQ OMX’s cash equity markets in Copenhagen, Helsinki, Iceland and Stockholm, and will be extended to cover Norwegian shares later in this quarter. Nordic@Mid provides transparency on price determination, allowing trading members to minimize their trading costs.
Click here for the release from Instinet.