This message contains important information regarding the Genium INET upgrade on June 6th to version 4.0.0250 which includes new functionalities and enhancements going live June 8th, 2015.
The following changes, enhancements and improved functionalities will be introduced for Nasdaq Commodities in Genium INET 4.0.0250.
Iron Ore and Steel Futures
Subject to successful testing and regulatory approval, Commodities will introduce US Shredded Scrap and 62% Chinese Iron Ore futures on Exchange in conjunction with the June 2015 release. The June launch marks the first stage in a broader solution for Steel related products that will be rolled out over the coming year.
Introduction of BULK market
Nasdaq Commodities is introducing BULK market for which existing Iron Ore and Coal contracts will be moved to in conjunction with the Genium INET 4.0.0250 upgrade. The introduction of the BULK market marks the first step in a broader product offering in bulk commodities with more derivative contracts to be launched in coming releases.
Margin Requirement enhancement
Nasdaq Commodities is introducing a new payment margin component for markets with a mismatch between trading and settlement calendars. The markets that are currently affected are Freight and Fuel Oil. On days being trading days but not settlement days, a payment margin component corresponding to the postponed settlement will be included in the margin requirement. Please see attached document for more information.
Technical Impact
Please visit our website where you will find technical specifications and more information regarding technical impact.
http://www.nasdaqomx.com/transactions/technicalinformation/geniuminet/enhancements/genium-inet-4.0.0250
For questions or comments, please contact:
Charlie Holmgren
charlie.holmgren@nasdaq.com
+46 8 405 6944
Attachments
