Monday October 23 2017

News Source: Global Exchanges

Focus: MiFID (Global Exchanges)

Type: General




On the 19th of October, Nasdaq Iceland decided to migrate all Icelandic fixed income products currently traded in the INET Nordic trading system to Genium INET. The reason behind this migration is that development work for bonds will be done in Genium INET due to MIFID II requirements.

It is expected that the migration to Genium INET will coincide with the implementation of MiFID II in Iceland. Since the timeline for the implementation of MiFID II in Iceland has been pushed back such that the effective date is now expected to be in  the Second Quarter of  2019, therefore  migration of the Icelandic fixed income products will be postponed until the Second Quarter of  2019.

For additional information please click the link above.