IT - Genium INET Project Update v0230 (32/13)
The member extranet (http://nordic.nasdaqomxtrader.com/memberextranet/genium_inet/) contains the newest project related documentation such as API changes, connectivity information, test specifications and market model documents.
The upcoming version of Genium INET, 0230, that will go live June 10th 2013 is important for participants on the Commodities market that will onboard to the mandatory Collateral Management Service (CMS) commencing June 15th.
Furthermore, NASDAQ OMX Commodities is also introducing Pre-Trade Risk Management as a service and listing new instruments that will extend the German and Nordic product suites. As announced in IT–Notice 14/13 there is a format change of the Commodities Span-File due to the increase of decimals for exchange rates.
There are important changes for the Nordic Derivatives and Fixed Income members that use the Deal_number for reporting trades to the FSA. Please see more information under the FIX section of this IT-Notice.
All new Features, services and functionalities will be available for testing in External Test System 2 (EXT2) as of May 2nd. Reference data will be migrated from production. All users and Participants will remain but clearing accounts will be adapted to CMS. Due to this all historical trades and positions will be flushed. Please contact Member Services if you experience difficulties to logon to EXT2 May 2nd. Please see activation date for features and services in test under each market in this IT-Notice.
NASDAQ OMX Commodities
Collateral Management Service (CMS)
(Mandatory for Commodities Clearing Members that will onboard CMS)
Commodities members will onboard the new CMS structure from June 15th, onwards.
OMnet API messages for CMS was announced in the Genium INET 0222 release and these will now take affect for the Commodities market. Additional OMnet API messages for CMS can be found in the OMnet message reference guide on the member extranet website. When migrating over to CMS there will be discontinued and new reports. This is described in Report Changes Genium INET 0230.pdf
There are changes in how Cash Margin for EUA/CER is calculated for members that onboard CMS. The Margin Calculation is described in Summary of Changes to Cash Margin.pdf
Members that will onboard CMS June 15th will be able to test CMS in EXT2 starting May 2nd. Please contact your Key Account Manager for further information regarding CMS and testing. Please see http://www.nasdaqomx.com/Europeanclearing for more information regarding CMS.
Pre-Trade Risk Management (PRM)
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. Pre-Trade risk Management can be administrated through the PRM User Interface or through the OMnet API. PRM will be available for testing in External Test 2 starting in mid-May. It is necessary to contact member services to get access to the PRM tools functionality. Please contact your key account manager to get the latest information.
Introduction of Finnish and Swedish Week Contracts for Difference
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.
No API Impact but impacts the SPAN-File. Please see SPAN-File changes for 0230 document for more information. Available to test in EXT2 May 2nd, onwards.
Launch of European price area contracts
NASDAQ OMX Commodities will launch a suite of monthly, quarterly and yearly Contracts for Difference (CfD) contracts. 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. The product calendar will be updated to reflect the launch of these products in due course. Please see Exchange notice 27/13 for more information.
No API Impact but impacts the SPAN-File. Please see SPAN-File changes for 0230 document for more information. Available to test in EXT2 May 2nd, onwards.
Change Peak Contract Length
The delivery dates for all peak contracts (W/M/Q/Y) will be changed. The start and end date will always be the first and last of every month/quarter/year. For the weekly contracts the delivery period will be Monday to Sunday on the stated week. This change will be reflected in the product calendar. Please note that the actual delivery will still be 08.00 - 20.00 Monday to Friday for all peak contracts. No Technical impact.
NASDAQ OMX Nordic Derivatives
Enhancements to Pre-trade Risk Management (PRM)
By default, users within a PRM Group are allowed unrestricted trading in all instruments which it´s Participant has access to and where no limits have been set up. With the 0230 release it will be possible to enable restricted instruments per PRM Group. Enabling restricted instruments for a PRM Group changes the default behavior and users will be allowed to trade only the instruments for which limits have been configured. This is supported in the OMnet API, Please see OMnet message reference for details.
With the 0230 release it will also be possible to assign order and trade consumption coming from orders entered on-behalf of a Participant by the Exchange Brokers to one of the PRM Groups configured for that Participant. This is supported in the OMnet API, Please see OMnet message reference for details.
Changes to Margin and Collateral Evaluation Report
There will be changes to the Margin and Collateral evaluation report, a new column showing “Adjusted base collateral” will be added to the report. Please see Report Changes Genium INET 0230.pdf for more information.
NASDAQ OMX Foreign Exchange
NASDAQ OMX will implement features that are going to be used in the upcoming launch of a foreign exchange clearing service. IN preparation for the launch there are new OMnet messages introduced in Genium INET 0230. The New messages can be found in summary of changes in the OMnet Message Reference document.
NASDAQ OMX Fixed Income
New Report for Rates products
a new report for Rates OTC Clearing will be launched in the June release. The report is a more extensive trade detail report for interest rate swaps and generic FRAs, the report will only be available in .csv format.
Pre Novation Checks
Previous announced Pre Novation checks will be a part of Genium INET 0300 to be released in November.
Technical Documentation
FIX changes for Fixed Income and Nordic Derivatives
The TradeID (1003) tag in FIX Trade Capture Reports will change. You are affected by this if you use the deal_number part of TradeID, for example when reporting trades to the FSA.
The TradeID is generated from two concatenated identifiers. If the TradeID is treated as a string, no change is needed. Please see FIX for Genium INET for more information.
Published IT Notices for 0230
For questions or comments, please contact:
Technical Support technicalsupport@nasdaqomx.com
+46 8 405 67 50
Member Services ms.geniuminet@nasdaqomx.com
+46 8 405 6660
Charlie Holmgren Charlie.holmgren@nasdaqomx.com
+46 8 405 6944
Project readiness and rollout
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