no 45/12 NASDAQ OMX Commodities launches German Day Futures, Estonian CfD, extends Finnish and Swedish CfD curves, enhances UK Spark Spread functionality and introduces mandatory changes to SPAN fileLysaker, 2012-08-23 13:08 CEST --
In response to customer demand, NASDAQ OMX Commodities is pleased to announce the launch of new instruments and functionality in Genium INET. Genium INET will be upgraded to version 0220 during the weekend 24-26 November, 2012. 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.
German Day Futures
Subject to successful testing, German Day Futures will be launched. The number of tradable series will vary between 3 and 9 depending on trading day. The product calendar will be updated to reflect the launch of these products in due course.
Introduction of Estonian CfD
Subject to successful testing, NASDAQ OMX Commodities will launch Estonian price area CfD products. The Estonian forward curve will cover 2 monthly, 3 quarterly and 3 yearly contracts. The instruments will be referenced against the electricity spot price published by Nord Pool Spot. The product calendar will be updated to reflect the launch of these products in due course.
Extension of Finnish and Swedish forward CfD curves
Subject to successful testing, NASDAQ OMX Commodities will extend the Finnish and Swedish CfD curves. The Finnish and Swedish CfD curves will now cover 4 monthly, 4 quarterly and 4 yearly contracts. The product calendar will be updated to reflect the launch of these products in due course.
UK Spark Spreads enhancements
Subject to successful testing, the UK market Spark Spreads functionality will be enhanced with the ability to match combinations with underlying instruments.
SPAN file changes
SPAN file content will be affected by the introduction of the Estonian CfD as this will be considered as a new Risk Group.
NASDAQ OMX Commodities will introduce mandatory changes to the SPAN-File format.
NASDAQ OMX Commodities SPAN-File will have an increase of number of characters in the “Priority” Field from 3 to 6 in SPAN record type 11. Note that zeroes shall be used to fill the field. (Example priority = 1444): 1101340014440182030050010A012050011B
All users of the SPAN file are kindly requested to review IT notice 56/12 for technical details.
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. Please see IT notice 56/12 for further details.
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 in the future be updated with the above mentioned changes to products and functionalities.
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
Press contact:
Sara Aadnesen, Director 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.nasdaqomxcommodities.com
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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.
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