Data Technical News European #2026 - 21: Price Dissemination Change for STO Indicative Bond Market

Products Impacted: Nordic Fixed Income

Markets Impacted: STO Indicative Market

What you need to know: 

From December 21, 2026, Nasdaq Stockholm will only distribute a median price for Mortgage Bonds, Government Bonds and Municipal Bonds listed on the STO Indicative Bond market. The median price is distributed in the GCF-TIP message MedianPrice (MDp) continuously during the trading day. Nasdaq will thus discontinue the distribution of individual prices from each participating price contributor meaning no OrderMBO's (TIP message "n") will be disseminated. This change will affect the following product segments:

STO Government Bonds
STO Mortgage Bonds
STO Municipalities
 

Please note that the MedianPrice message is disseminated already today for the above mentioned product segments in production and test environments through the Genium Consolidated Feed (GCF) and ITCH.

Where can I find additional information?

For questions related to this notice, please contact: DataEurope@nasdaq.com