Lysaker, 2012-11-08 13:29 CET (GLOBE NEWSWIRE) -- NASDAQ OMX Commodities is pleased to confirm the coming launch of new Genium INET functionality and products. Genium INET will be upgraded to version 0220 during the weekend 24-25 November, 2012. The new features described below will be activated and made available for members from 26 November, 2012.
German Day Futures
The number of tradable series will vary between 3 and 9 depending on trading day. The product calendar has been updated to reflect the launch of these products.
Introduction of Estonian CfD
The Estonian forward curve covers 2 monthly, 3 quarterly and 3 yearly contracts. The instruments are referenced against the Estonian electricity spot price (EE) published by Nord Pool Spot. The product calendar has been updated to reflect the launch of these products.
Extension of Finnish and Swedish forward CfD curves
The Finnish and Swedish Forward CfD curves will now cover 4 monthly, 4 quarterly and 4 yearly contracts. The product calendar has been updated to reflect the launch of these products.
One-sided combinations
In order to trade an area price more efficiently a new type of combination order is introduced. The combination enables trading of system price contracts (referenced against the Nordic system price as published by Nord Pool Spot) and CfD contracts simultaneously.
The listing codes will follow the following structure:
SCSTOYR-13 = When placing a buy order in these combinations, the customer will buy e.g. ENOYR-13 + SYSTOYR-13
SCSTOYR-13 = When placing a sell order in these combinations, the customer will sell e.g. ENOYR-13 + SYSTOYR-13
Note that these standard combinations behave in the same way as other standard combinations and can be made available for all CfD contracts on member request.
UK Spark Spreads enhancements
UK market Spark Spreads functionality has now been enhanced with the ability to match combinations with underlying instruments.
SPAN file changes
SPAN file content will be affected by the introduction of the Estonian CfD as this will be considered as a new Risk Group.
NASDAQ OMX Commodities will introduce mandatory changes to the SPAN-File format.
NASDAQ OMX Commodities SPAN-File will have an increase of number of characters in the “Priority” Field from 3 to 6 in SPAN record type 11. Note that zeroes shall be used to fill the field. (Example priority = 1444): 1101340014440182030050010A012050011B
All users of the SPAN file are reminded of IT notice 56/12 for further technical details.
Trading Workstation and CW1
The Go-Live candidates of Trading Workstation (r32111) and Clearing workstation 1 (r32953) can be found on our member extranet website together with general documentation regarding the upgrade of Genium INET. Upgrading of Trading Workstation or Clearing Workstation is not mandatory.
Member extranet
The member extranet http://nordic.nasdaqomxtrader.com/memberextranet/genium_inet/ is updated at all times with the latest Genium INET related documentation. For full overview of the changes, please see the updated version of the Market Model valid from 26 November, 2012.
For further information, please contact NASDAQ OMX Commodities:
Technical support (technical queries and support), phone +46 8 405 6400, technicalsupport@nasdaqomx.com
Member Services (logons, passwords, FIX, etc.), phone +46 8 405 6660, memberservices@nasdaqomx.com
Trading desk
desken@nasdaqomx.com +47 6752 8037
Press contact:
Sara Aadnesen, Director Communication, phone +47 9060 0759
About NASDAQ OMX
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade - from risk management to trade to surveillance to clearing. In the US and Europe, we own and operate 24 markets, 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-40 microsecond speeds with 99.999% uptime, our technology drives more than 70 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world’s securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to approximately 3,400 listed companies worth $5.1 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn more, visit www.nasdaqomx.com. Follow us on Facebook (http://www.facebook.com/NASDAQ) and Twitter (http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)
About NASDAQ OMX Commodities
NASDAQ OMX Commodities is the brand name for the NASDAQ OMX Group’s worldwide suite of commodity related products and services. The NASDAQ OMX Commodities offerings include power, natural gas and carbon emission markets and clearing services. NASDAQ OMX Commodities is a trademark of the NASDAQ OMX Group, Inc.
NASDAQ OMX Commodities Europe is the trade name of NASDAQ OMX Oslo ASA which is authorized as a commodity derivatives exchange by the Norwegian Ministry of Finance and supervised by the Norwegian Financial Supervisory Authority. All trades with NASDAQ OMX Commodities Europe are subject to clearing with NASDAQ OMX Clearing.
NASDAQ OMX Clearing is the trade name of NASDAQ OMX Stockholm AB which is authorized and supervised as a multi-asset clearinghouse by the Swedish Financial Supervisory Authority in Sweden as well as authorized to conduct clearing operation in Norway by the Norwegian Ministry of Finance.
For more information, visit www.nasdaqomxcommodities.com
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