Genium INET upgrade to version 4.0.0240 has been moved from the earlier announced date March 23rd, 2015. The new date for the Genium INET upgrade is April 18th, 2015. The new enhancements and functionalities in Genium INET 4.0.0240 will be available on April 20th, 2015. Please note that it is mandatory to upgrade Clearing Workstation 1 & 2 in this Genium INET release.
Cash Optimization (Mandatory for members handling Collateral and Settlement)
As of April 20th, 2015 Nasdaq Clearing intends to launch a change in the current CMS solution, whereby the collateral flows are managed in an advanced collateral optimization process, taking into account both cash and non-cash collateral to optimize each participant’s use of collateral and to minimize the number of cash transactions to and from the service. Please see the Cash Optimization webpage for more information. http://www.nasdaqomx.com/transactions/posttrade/clearing/europeanclearing/collateral-management/cash-optimization
Standard Exercise Parameters
For options with physical delivery, the functionality will make it possible for members to configure their own standard (automatic) exercise limit parameter (in per cent or absolute value) per member or account and instrument type (e.g. limit of X% for listed equity call options in SEK and member XYZ). All options series that on the expiration day are in-the-money by at least the parameter value will be automatically exercised on behalf of the member by the clearinghouse. The current default limits for standard exercise (e.g. 1% for SEK stock options) will continue to apply to members and/or accounts which do not configure their own limits.
Index closing value as final settlement for flexible index options
New functionality that will make it possible to create flexible index options contracts settling against the closing value of the underlying index on the expiration day. The contracts will be possible to create using the Genium INET Clearing Workstations 1 (CW1) and 2 (CW2) as well as the OMnet API.
Auxiliary Market Data (AMD)
Nordic Derivatives introducing Auxiliary Market Data (AMD) feeds that is an ITCH-like data feed with complementary market data that is not included in the regular ITCH feeds like settlement and margin prices, Open interest information etc. Please see Genium INET 4.0.0240 website for more information.
Glimpse Re-request Service
Nasdaq Glimpse is a new retransmission facility for Nordic & Baltic Equity, Commodities and Derivatives TotalView direct data feed subscribers. Using the Nasdaq Glimpse facility, Nasdaq TotalView-ITCH data feed subscribers may obtain a snapshot of an order book in a trading source system at any point during the trading day. Firms may use the Nasdaq Glimpse service to validate order book displays or to recover from major data gaps during the trading day. Nasdaq Glimpse is an add-on service for Nasdaq TotalView-ITCH direct data feed subscribers. Please see Genium INET 4.0.0240 website for more information.
Technical Impact
For more information regarding the technical impact of Genium INET 4.0.0240, please refer to our website http://www.nasdaqomx.com/transactions/technicalinformation/geniuminet/enhancements/genium-inet-4.0.0240
The planned project timeline for Genium INET 4.0.0240
| January 12 | External release to include initial Nasdaq front-ends and final technical specifications |
| January 22 | External Test 4 with full functionality with the exception of Cash Optimization and AMD functionality. |
| February 12 | Cash Optimization functionality added to External Test 4 |
| March 12 | AMD functionality added to External Test 4 |
| March 13 | Go-live candidates of Nasdaq front-ends |
| April 18 | Technical go-live of Genium INET 4.0.0240 |
| April 20 | First trading and clearing day for Equity Derivatives, Fixed Income and Commodities |
For questions or comments, please contact:
Charlie Holmgren
charlie.holmgren@nasdaq.com
+46 8 405 6944
Technical Operations
technicalsupport@nasdaq.com
+46 8 405 6750