Introduction
The EU Regulation 1286/2014 on packaged retail and insurance-based investment products (PRIIPs), introduces key information documents (KID) for among others the Exchange Traded Derivatives. A KID gives key facts of the product to investors.
Nasdaq will produce KIDs for instruments for which it will be considered to be the Manufacturer according to that regulation. That is expected to cover Nasdaq listed derivatives (ETDs) traded on Nasdaq Derivatives Markets.
The Nasdaq KIDs will initially be provided in English, Swedish, Danish, Finnish and Norwegian.
All Nasdaq KIDs for the ETDs will be available on Nasdaq FTP and webpages. The KID URLs will be distributed via OMnet API and the Genium Consolidated Feed TIP protocol.
KID URL Information
Nasdaq issued product KIDs will be located on the following websites/FTP location in December. A go-live date for the KIDs will be communicated separately via a future IT notice. However, test files will be available on the below locations for testing purposes.
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Equity Derivatives: http://www.nasdaqomx.com/transactions/markets/optionsfutures/europe/product-information/kid
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Fixed Income:
http://www.nasdaqomx.com/transactions/trading/fixedincome/fixedincome/derivatives/products/kid
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Commodities:
http://www.nasdaqomx.com/transactions/markets/commodities/markets/kid
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Nasdaq FTP:
ftp://ftp.nordic.nasdaqomxtrader.com/KID/Nasdaq
We expect URLs for individual PDF-documents to remain static. In the unlikely event of any change to the URL, this will be communicated separately via a future IT notice.
KID File Name Standard
The KID document filenames will have the following name standard setup for Equity Derivatives
| Name | Exchange | Asset | Instrument | Language | ||||
| #of Characters | 4 | 3 | 3 | 2 | ||||
| Nasdaq St | XSTO | Stock | STK | Call | CAL | Danish | DK | |
| Index | IND | PUT | PUT | English | EN | |||
| Dividend | DIV | Future | FUT | Finnish | FI | |||
| Binary | BIN | Forward | FWD | Norwegian | NO | |||
| Swedish | SE | |||||||
Example: Call Options on Indicies, Swedish text – “XSTOINDCALSE”
The KID document filenames will have the following name standard setup for Fixed Income
| Name | Exchange | Asset | Instrument | Language | ||||
| #of Characters | 4 | 3 | 3 | 2 | ||||
| Nasdaq St | XSTO | Interest Rates | RAT | Call Options | CAL | Danish | DK | |
| Bond | BND | Put Options | PUT | English | EN | |||
| Future | FUT | Finnish | FI | |||||
| Forward | FWD | Norwegian | NO | |||||
| Swedish | SE | |||||||
Example: Call Options on Bonds, Swedish text – “XSTOBNDCALSE”
The KID document filenames will have the following name standard setup for Commodities
| Name | Exchange | Asset | Instrument | Language | ||||
| #of Characters | 4 | 3 | 3 | 2 | ||||
| Nasdaq Oslo ASA | NORX | Electricity | ELP | Call Option | CAL | Danish | DK | |
| Nat Gas | NGP | Put Option | PUT | English | EN | |||
| Allowance | EUA | Future | FUT | Finnish | FI | |||
| Elcert | ELC | Norwegian | NO | |||||
| Freight and Fuel Oil | FRF | Swedish | SE | |||||
| Ferrous | FEP | |||||||
| Renewables | REP | |||||||
Example: Call Options on Power contracts, Swedish text – “NORXELPCALSE”
Technical information
OMnet - A new VIM struct containing the FTP URLs for the Nasdaq KIDs will be implemented for the following OMnet queries and broadcasts:
- DQ131, the VIA of DQ131
- DQ122, the VIA of DQ122
- DQ123, the VIA of DQ123
- VIB of BU122
- VIB of BU123
KID test files will be available for testing purposes and distributed in OMnet as of October 13th 2016 on EXT4 and as of October 18th on EXT3.
More information can be found on our enhancement website for Genium INET 4.1.0215 release: http://www.nasdaqomx.com/transactions/technicalinformation/geniuminet/enhancements/genium-inet-4.1.0215
Genium Consolidated Feed – A new field ”LinkProspect” will be implemented for the messages BasicDataBond (BDBo) and BasicDataDerivative (BDDe) reference data. This field will be populated with the FTP URL to the KID.
Testing will be available from October 18th in GCF TST 4. Please see the TIP 3.2.1.1 protocol for more information:
http://www.nasdaqomx.com/digitalAssets/103/103258_gmi-3.2.0210-r6539.tipspec.zip
For further information, please contact:
Business-related questions Equity Derivatives:
Jari Elo, +358 9 6166 7275 or jari.elo@nasdaq.com
Business related questions for Fixed Income:
FixedincomeSweden@nasdaq.com
Business related questions for Commodities:
Julian Rezende, +47 6710 8511 or Julian.rezende@nasdaq.com
Technical questions:
Charlie Holmgren, +46 8 405 6944 or charlie.holmgren@nasdaq.com
