NASDAQ OMX Commodities is pleased to announce the launch of new instruments and functionality in Genium INET. Genium INET will be upgraded to version 0230 during the weekend 8-9 June, 2013. Thereafter, subject to successful testing and regulatory approval, the enhancements listed below will be activated for members according to a detailed time plan which will be published in due course.
Launch of European price area contracts
Subject to successful testing and regulatory approval, NASDAQ OMX Commodities will launch a suite of monthly, quarterly and yearly Contracts for Difference (CfD) contracts. Both Forwards and Futures will be listed. The CfD will enable traders from Continental European power markets to hedge the basis risk between the German system price and neighbouring price areas by trading the relevant CfD. Contracts will initially be listed for the Czech, Dutch, French and Belgian price areas. For each area, there will be 3 monthly, 3 quarterly and 2 yearly contracts available. The product calendar will be updated to reflect the launch of these products in due course.
Introduction of Finnish and Swedish Week Contracts for Difference
Subject to successful testing and regulatory approval, NASDAQ OMX Commodities will introduce Finnish and Swedish Week CfD contracts. The Finnish price area (HEL) and Swedish price areas (MAL, STO, SUN, LUL) Forward CfD curves will now cover 5 weekly, 4 monthly, 4 quarterly and 4 yearly contracts. The product calendar will be updated to reflect the launch of these products in due course.
Pre-Trade Risk Management
Subject to successful testing and regulatory approval, NASDAQ OMX Commodities will provide members with optional Pre-trade Risk Management controls in Genium INET. Using the PRM service, members can have order level control of their trading activity and the trading activity of their clients including prevention of potentially erroneous transactions. PRM has been tailored specifically for General Clearing Members’ needs; however, the service also meets the needs for improving pre-trade protection for any member. Details regarding this feature will be provided in the near future. Please contact your key account manager to get the latest information.
External test activities
NASDAQ OMX Commodities encourages members and Independent Software Vendors (ISVs) to access Genium INET External Test System 2 to test the new features. The test environment will be available from May 2nd onwards.
Member extranet
The member extranet http://nordic.nasdaqomxtrader.com/memberextranet/genium_inet/ is updated at all times with the latest Genium INET related documentation.
The market model document (Appendix A and section 7.9) will be updated with the above mentioned changes.
For further information, please contact NASDAQ OMX Commodities:
Technical support (technical queries and support), phone +46 8 405 6400, technicalsupport@nasdaqomx.com
Member Services (logons, passwords, FIX, etc.), phone +46 8 405 6660, memberservices@nasdaqomx.com
Trading desk, phone +47 6752 8037, desken@nasdaqomx.com
Risk Management phone +47 67108426, clearing.risk@nasdaqomx.com
Technical Member and Market Readiness (test environments for members and ISV, etc.), phone +46 8 405 6944, charlie.holmgren@nasdaqomx.com
Media contact:
Sara Aadnesen, Director Corporate Communication, phone +47 9060 0759, sara.aadnesen@nasdaqomx.com
About NASDAQ OMX
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade - from risk management to trade to surveillance to clearing. In the US and Europe, we own and operate 24 markets, 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-40 microsecond speeds with 99.999% uptime, our technology drives more than 70 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world’s securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to approximately 3,400 listed companies worth $5.1 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn more, visit www.nasdaqomx.com. Follow us on Facebook (http://www.facebook.com/NASDAQ) and Twitter (http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)
About NASDAQ OMX Commodities
NASDAQ OMX Commodities is the brand name for the NASDAQ OMX Group’s worldwide suite of commodity related products and services. The NASDAQ OMX Commodities offerings include power, natural gas and carbon emission markets and clearing services. NASDAQ OMX Commodities is a trademark of the NASDAQ OMX Group, Inc.
NASDAQ OMX Commodities Europe is the trade name of NASDAQ OMX Oslo ASA which is authorized as a commodity derivatives exchange by the Norwegian Ministry of Finance and supervised by the Norwegian Financial Supervisory Authority. All trades with NASDAQ OMX Commodities Europe are subject to clearing with NASDAQ OMX Clearing.
NASDAQ OMX Clearing is the trade name of NASDAQ OMX Stockholm AB which is authorized and supervised as a multi-asset clearinghouse by the Swedish Financial Supervisory Authority in Sweden as well as authorized to conduct clearing operation in Norway by the Norwegian Ministry of Finance.
For more information, visit www.nasdaqomx.com/commodities
NASDAQ OMX's Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about NASDAQ OMX's products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX's control. These factors include, but are not limited to factors detailed in NASDAQ OMX's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
This document is being directed solely at and may only be communicated to persons: (i) who have professional experience in matters relating to investments as defined in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "FPO") or, (ii) who are high net worth companies, unincorporated associations and trustees of high value trusts within Article 49(2)(a)-(d) of the FPO, or (iii) to whom it may otherwise be lawful to distribute it (all such persons together being referred to as "Relevant Persons"). Any investment activity to which this document relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.