As previously communicated, Nasdaq Iceland has decided to migrate all Icelandic Fixed Income products currently traded in the INET Nordic trading system to Genium INET, which is the MiFID II compliant system for non-equity products. The migration to Genium INET will be done in preparation for the implementation of MiFID II in Iceland.
The last day of trading for Icelandic Fixed Income products in INET Production will be on May 17, 2019, and the first day of trading in Genium INET Production will be on May 20, 2019.
The Fixed Income instruments in question are currently traded on the three INET market segments. Two of these segments, OMX ICE CP Fixed Income and OMX ICE DP Fixed Income, will be merged into one Genium INET market segment, Iceland Cash Bond Trading.
The market segments with test instruments will be set up in Genium INET EXT3 test system and open for early testing on November 2, 2018.
Current INET identifiers
| INET Market segment | MIC | INET sequent code |
| OMX ICE CP Fixed Income | XICE | 52 |
| OMX ICE DP Fixed Income | XICE | 24 |
| FN ICE Fixed Income | FNIS | 197 |
Genium INET identifiers in EXT3
| Genium INET Market Segment | MIC | Genium INET source code | GCF ID |
| Iceland Cash Bond Trading | XICE | 178 | TBD |
| Iceland FN Bond Market | FNIS | 194 | TBD |
Test instruments in Genium INET EXT3
| Symbol | Market Segment |
| ARION_181120_TEST | Iceland Cash Bond Trading |
| GARD_11_1_TEST | Iceland Cash Bond Trading |
| HFF150224_TEST | Iceland Cash Bond Trading |
| ISLA_CB_26_TEST | Iceland Cash Bond Trading |
| ISLA_CBI_26_TEST | Iceland Cash Bond Trading |
| KVB_17_02_TEST | Iceland Cash Bond Trading |
| LSS151155_TEST | Iceland Cash Bond Trading |
| RIKB_22_1026_TEST | Iceland Cash Bond Trading |
| RIKS_21_0414_TEST | Iceland Cash Bond Trading |
List of instruments is subject to change as more instruments will be added.
Market Data over GCF
Separate information will follow on changes in GCF-TIP.
Legal and Market Model
The Nasdaq Nordic Member Rules and Market Model will be updated.
Time Schedule
| Activity | Environment | Date |
|
Early testing - Member setup possible - Test instruments available |
Genium INET Test EXT3 | November 2, 2018 |
| Upgrade to version 5.0.0220 | Genium INET Test EXT3 | March 6, 2019 (prel. date) |
| Market Wide Acceptance Test (MWAT) | Genium INET Test EXT3 | April 8-12, 2019 (prel. date) |
| Connectivity test | Genium INET Production | TBD |
| Production go-live | Genium INET Production | May 20, 2019 |
New webpage
For the latest updates regarding Icelandic Fixed Income migration please visit our project webpage.
Questions and feedback
For further information concerning this exchange notice please contact:
Nasdaq Iceland Exchange
Tel: +354 525 2850
E-mail: exchange.ice@nasdaq.com
Support
For technical questions please contact:
Technical Support (Genium INET)
Tel: +46 8 405 6750
E-mail: technicalsupport@nasdaq.com
Cash Equity Operations (INET and GCF)
Tel: +46 8 405 6410
E-mail: operator@nasdaq.com
For participant and user configuration, please contact:
Member Services (Genium INET)
Tel: +46 8 405 6660
E-mail: ms.gi@nasdaq.com
