From Monday Mars 2nd 2009 NASDAQ OMX Derivatives Markets will in addition to NT, Normal Trade, make two new Trade types available for the members when performing external trade reporting. Members will be given access to a new external Trade Report Class, TRCE2, which will include the following trade types:
NT, NORMAL TRADE Default trade type. Only accepted if the reported price is at or within spread. Updates all trade statistics.
OS, OUTSIDE SPREAD Shall be used if NT is not applicable but the agreed price has been at or within spread during a period of five minutes prior to the application for Registration. No validation of reported price. Doesn’t update last paid price or last paid volume in trade statistics.
EG1, EXCHANGE GRANTED 1 If neither NT nor OS are applicable EG1 shall be used if the agreed price has been at or within spread during the day of the application for Registration. No validation of reported price. Doesn’t update last paid price or last paid volume in trade statistics.
For traders using CLICK Trade XT clients no changes have to be done. The list of available trade types will be updated automatically.
For 3rd party trading applications, Trade type is specified in the MO5 transaction. In order to use the additional trade types, DQ45 is the query to be used for populating the list of available trade types. For details regarding this, please see the OMex System Programmer's Manual.
The described changes will be implemented in External Test Environments 1 and 3 from Friday November 28th 2008.
