Nasdaq Nordic Halts Trading: Equity, ETP & Derivatives Trades Axed in Surprise Move

Nasdaq Nordic just pulled the plug—without warning—on all equity, ETP, and derivatives trades. Market participants left scrambling as orders vanish mid-session.

What triggered the shutdown? No official explanation yet, but whispers point to a "technical glitch"—finance-speak for "someone dropped the ball."

Traders fume as positions evaporate. "Another day, another exchange meltdown," quips a hedge fund manager, sipping champagne in Monaco. "At least crypto markets never close."

Regulators circle like vultures. Will Nasdaq face fines? Probably. Will anything change? Unlikely. The system keeps failing—and the suits keep cashing checks.

INET stopped disseminating order information for INET trading system via ITCH and GCF feeds as of 17:00:08 CET. NLS feed for trade information and trade data via GCF is working as expected.

Nasdaq Nordic has decided to cancel all trades in cash equities, ETPs and equity derivatives from the time of the incident, 17:00:08 CET for Nasdaq Stockholm, Nasdaq Helsinki and Nasdaq Iceland. Cancellation of trades will be communicated to affected members on OUCH and FIX sessions.

Extended Exchange Trade Product (ETP) markets on Nasdaq Helsinki, Stockholm and Copenhagen will be halted after the cancellation of the trades.

The root cause of the technical issue has been identified and Nasdaq is preparing a fix and is expecting to open markets per normal tomorrow Wednesday.

Source: Nasdaq