Monday October 23 2017
News Source: Global Exchanges
Focus: MiFID (Global Exchanges)
Type: General
Country: Iceland
Link: https://cns.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=648810
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.