where the price five best bid and offer price MDOriginType(1024)=8 (Hybrid market) determination process is levels and/or two-way quotes of MDPriceLevel(1023)=1..5 of a different nature than each market maker in the that applicable to the instrument, if the characteristics types of system covered of the price discovery mechanism by first five rows. so permit. Any other trading system Any other type of trading Adequate information as to the N/A MarketDataSnapshotFullRefresh(35=W) system, including a level of orders or quotes and of MarketDataIncrementalRefresh(35=X) hybrid system falling into trading interest in respect of MDOriginType(1024)=8 (Hybrid market) two or more of the types shares, depositary receipts, ETFs, MDPriceLevel(1023)=1..5 of trading systems certificates and other similar referred to in this table. financial instruments traded on the trading system; in particular, the five best bid and offer price levels and/or two-way quotes of each market maker in that instrument, if the characteristics of the price discovery mechanism so permit.
where the price determination process is of a different nature than that applicable to the types of system covered by first five rows. five best bid and offer price levels and/or two-way quotes of each market maker in the instrument, if the characteristics of the price discovery mechanism so permit. MDOriginType(1024)=8 (Hybrid market) MDPriceLevel(1023)=1..5 Any other trading system Any other type of trading system, including a hybrid system falling into two or more of the types of trading systems referred to in this table. Adequate information as to the level of orders or quotes and of trading interest in respect of shares, depositary receipts, ETFs, certificates and other similar financial instruments traded on the trading system; in particular, the five best bid and offer price levels and/or two-way quotes of each market maker in that instrument, if the characteristics of the price discovery mechanism so permit. N/A MarketDataSnapshotFullRefresh(35=W) MarketDataIncrementalRefresh(35=X) MDOriginType(1024)=8 (Hybrid market) MDPriceLevel(1023)=1..5
NEX-Group-FIX-5-0-APA-Specification-v0-6.docx