IT - Introduction of Weekly options on Swedish shares on May 26th (49/14)
As previously communicated, NASDAQ OMX Derivatives Markets will introduce weekly options on Swedish shares. The launch date for introduction of weekly options on Swedish shares in production has now been set to Monday May 26th.
Furthermore, based on feedback from trading and clearing participants, NASDAQ OMX has decided to introduce new instrument groups specifically for these weekly options as well as to change the series designation for the weekly options series on Swedish shares. By doing so, weekly options will be distinguished from currently listed monthly options by looking at the new instrument group codes, and the series designation format for single stock weekly options will align with the series designation format of index weekly options.
This IT Notice contains an updated technical specification, a description of the new series designation format, as well as a list of weekly option series available in the test environment. The product is available for member testing in external test systems 1 and 3 as of today.
Technical specification - Genium INET
The following outlines the technical set-up for Weekly options in Genium INET as well as a comparison with currently listed standardized stock options (“Monthly options”).
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Genium INET |
Weekly options on Swedish shares |
Monthly options |
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Exchange code: |
1 |
1 |
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Market code: |
2 |
2 |
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Instrument group codes: |
72, 73 (1st weekly call/put)
74, 75 (2nd weekly call/put)
76, 77 (4th weekly call/put)
78, 79 (5th weekly call/put) |
6 (calls)
7 (puts)
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Underlying code(s), examples: |
690 (ERICB)
629 (ABB)
822 (SWEDA) |
690 (ERICB)
629 (ABB)
822 (SWEDA) |
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Underlying name in Genium INET, example: |
ERICB
ABB
SWEDA |
ERICB
ABB
SWEDA |
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Underlying ISIN, example: |
SE0000108656 (for Ericsson B) |
SE0000108656 (for Ericsson B)
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Instrument types: |
SESCW1, SESPW1
(Swedish stock 1st Weekly call/put )
SESCW2, SESPW2
(Swedish stock 2nd Weekly call/put)
SESCW4, SESPW4
(Swedish stock 4th Weekly call/put )
SESCW5, SESPW5
(Swedish stock 5th Weekly call/put ) |
SESC, SESP
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Example of Instrument Classes: |
ABBCO1W, ABBPO1W
ABBCO2W, ABBPO2W
ABBCO4W, ABBPO4W
ABBCO5W, ABBPO5W |
ERICBCO (EricssonB Call Option)
ERICBPO (EricssonB Put Option)
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Series name, examples: |
SWEDA4G25Y175 (Weekly option on Swedbank A) or
ABB4G25Y160 (Weekly option on ABB) |
ERICB4G80
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For questions regarding testing, please contact Clearing Operations at clearing.test@nasdaqomx.com or phone +46 8 405 6880.
Series designation
The series designation will contain the description of the contract share, expiration year, expiration month, expiration day, “Y” for weeklY option, and exercise price.
Example of weekly options on the Swedbank share and the ABB share with expiry in July (G=July) 2014:
SWEDA4G04Y170: Expiration on 4 July
SWEDA4G11Y170: Expiration on 11 July
SWEDA4G25Y170: Expiration on 25 July
ABB4G04Y160: Expiration on 4 July
ABB4G11Y160: Expiration on 11 July
ABB4G25Y160: Expiration on 25 July
List of underlying shares
Weekly options on Swedish shares will be available for the following shares (underlying code in Genium INET within parenthesis):
ABB (629)
AstraZeneca (626)
Ericsson B (690)
Hennes & Mauritz B (699)
Lundin Petroleum (922)
Nordea (693)
Nokia SEK (223)
Swedbank A (822)
SEB A (691)
SHB A (903)
Sandvik (39)
TeliaSonera (916)
Volvo B (901)
For questions regarding this notice, please contact your NASDAQ OMX account manager, or Tomas Körberg at tomas.korberg@nasdaqomx.com or phone +46 8 405 6883.
Tomas Körberg
Derivatives Products
Nordic Equities
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