Configuration changes in Genium INET Fixed Income
Change of trade lots in some Stockholm Fixed Income Markets
Due to some differences between the current functionality in SAXESS and Genium INET in regards to the odd-lot/round–lot orderbook the members have requested changes.
NASDAQ OMX will change its trade lot parameters for retail bond instruments, making the minimum lot size of 1 for the round lot orderbook or lowest nominal amount (and multiples thereof) where applicable (for structured products e.g.). This will eliminate the odd-lot orderbook altogether.
NASDAQ OMX has reconfigured the Genium INET Ext2 environment to reflect these changes, active on Wednesday June 15th.
After successful verification by the market participants, it will be put into production together with the launch of Genium INET for Fixed Income on June 20th.
Confirmation of go-live for these changes will be done together with the launch information reminder on Friday morning June 17th.
The change will affect the following markets:
STO Lottery Bonds - trade lot 1
STO Retail Bonds - lowest nominal amount
STO Retail Corporate Bonds - lowest nominal amount
STO Structured Products - lowest nominal amount per instrument
STO Credit certificates - trade lot 1
As an example, for structured products with a minimum volume of 10 000 SEK the following orders can be entered into the round-lot orderbook 10 000, 20 000 and 30 000 respectively.
With regards to “STO Tailor Made Products” no change will be made since our issuer rules stipulate that the instruments have a minimum trade size of 100 000 but can thereafter be traded in multiples of 50 000.
Questions regarding this IT-notice should be directed to:
Fredrik von Platen, fredrik.vonplaten@nasdaqomx.com, +46 8 405 64 39
Per Fröling, per.froling@nasdaqomx.com, +46 8 405 64 34
