Derivatives: Weekly options on Swedish shares available in external test systems (29/14)

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| Source: Derivatives

NASDAQ OMX Derivatives Markets intends to introduce weekly options on Swedish shares, and the product is now available for member testing in external test systems 1 and 3. This IT Notice contains a technical product specification.

A launch date for introduction of weekly options on Swedish shares in production will be confirmed and communicated in a separate Notice within short.

 

Technical specifications - Genium INET

The following outlines the technical set-up for Weekly options in Genium INET as well as a comparison with currently listed standardized stock options (“monthlies”).

 

  Weekly option Current stock options (“monthlies”)
Exchange: OMX Stockholm Exchange code 1 OMX Stockholm Exchange code 1
Market: Swedish Stock, Market code 2 Swedish Stock, Market code 2
Instrument group: AMERICAN CALL OPT DEL,
(Instrument group code 6)
AMERICAN PUT OPT DEL,
(Instrument group code 7)
AMERICAN CALL OPT DEL,
(Instrument group code 6)
AMERICAN PUT OPT DEL,
(Instrument group code 7)
Instrument Type: SESC - SWEDISH STOCK CALL OPTION
SESP - SWEDISH STOCK PUT OPTION
SESC - SWEDISH STOCK CALL OPTION
SESP - SWEDISH STOCK PUT OPTION
Instrument Class: 8 instrument classes for each underlying share (call and put options for 4 weekly expiries) 2 instrument classes for each underlying share (call and put options for one monthly expiry)
Example of Instrument Classes: For the Ericsson B share:
1ERICBCO (Call Option expiration 1st Friday of month)
1ERICBPO (Put Option expiration 1st Friday of month)
2ERICBCO (Call Option expiration 2nd  Friday of month)
2ERICBPO (Put Option expiration 2nd Friday of month)
4ERICBCO (Call Option expiration 4th Friday of month)
4ERICBPO (Put Option expiration 4th Friday of month)
5ERICBCO (Call Option expiration 5th Friday of month)
5ERICBPO (Put Option expiration 5th Friday of month)
For the Ericsson B share:
ERICBCO (Call Option expiration 3rd Friday of month)
ERICBPO (Put Option expiration 3rd Friday of month)
 
Underlying symbol: 4 underlying symbols for each underlying share 1 underlying symbol for each underlying share
Example of underlying symbol: For the Ericsson B share:
1ERICB
2ERICB
4ERICB
5ERICB
For the Ericsson B share:
ERICB
 
Underlying codes: Unique underlying codes for each underlying symbol, i.e. unique underlying codes for each of the underlying symbols 1ERICB, 2ERICB, 4ERICB, and 5ERICB Unique underlying codes for each underlying symbol.
The underlying code for ERICB is 690.
Underlying codes in test systems: Underlying symbol Code in test system 1 (EXT1) Code in test system 3 (EXT3) Underlying symbol Code in test system 1 (EXT1) Code in test system 3 (EXT3)
  1ERICB 7774 7786 ERICB 690 690
  2ERICB 7775 7787      
  4ERICB 7777 7788      
  5ERICB 7778 7789      

 

For questions regarding testing, please contact Clearing Operations at clearing.test@nasdaqomx.com or phone +46 8 405 6880.
 

For a product specification, please refer to Exchange Notice 25/14 sent on the 17th of March, also available on the following link: https://newsclient.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=599318&lang=en

 

List of underlying shares

Weekly options on Swedish shares may be available for the following shares (final list of shares to be communicated within short):
ABB
AstraZeneca
Ericsson B
Hennes & Mauritz B
Lundin Petroleum
Nordea
Nokia (SEK)
Swedbank A
SEB A
SHB A
Sandvik
TeliaSonera
Volvo B

 

   

Series designation

The series designation for weekly options on Swedish shares starts with the number of the expiration Friday of the relevant expiration month, i.e. 1 for weeklies expiring on first Friday of the expiration month, 2 for second Friday, 4 for fourth Friday and 5 for fifth Friday when applicable.

Example of weekly options on the Ericsson B share with expiry in July 2014, strike 75:
1ERICB4G75: Expiration on 1st Friday of the month (4 July)
2ERICB4G75: Expiration on 2nd Friday of  the month (11 July)
4ERICB4G75: Expiration on 4th Friday of  the month (25 July)

   

For questions regarding this notice, please contact your NASDAQ OMX account manager, or Tomas Körberg at tomas.korberg@nasdaqomx.com or phone +46 8 405 6883. 

Tomas Körberg

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