Technical news – 7/26 IT – INET Nordic – Introduction of Auction Volume Discovery (AVD) Order in Spotlight Stock Market
Summary
Spotlight Stock Market will introduce a new auction-only order type called Auction Volume Discovery (AVD) in the INET Nordic trading system. The feature lets members access latent auction liquidity during opening and closing auctions while reducing signaling risk. The notice says AVD will work through existing FIX and OUCH interfaces, with impacts to ITCH, NLS, and GCF/TIP market data protocols. Testing is scheduled for June 3, 2026, and production launch is planned for October 12, 2026.
Classifications
industries
Fintech & Banking
applications
Governance, risk and compliance
AskAI Classifications
Labels
Financial Technology
SaaS
Data Analytics Software
Linked Companies
Nasdaq, Inc.
$5M to $10M