This message contains important information regarding the Genium INET upgrade on November 19th to version 4.1.0215 which includes new functionalities and enhancements going live November 21st 2016.
As part of the preparations for MiFID II, on November 21st 2016 a Circuit Breaker mechanism as well as a special Stressed Market product status is introduced for Equity Derivatives together with updates to the existing price limits functionality (“price collars”). Please see attached a draft version of the upcoming Market Model document detailing the new functionalities.
To accommodate testing of the new mandatory functionalities, Circuit Breakers and Stressed Market Conditions, a number of scheduled scenarios will be set up for test purposes.
The following scenarios will be set up in External Test 3 and active from October 10 to November 19
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Circuit Breaker, dynamic halt
Every day, triggered sometime between 10:00-10:10 CET
Underlying: ALFA, CARLB
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Circuit Breaker, static halt
Every day, triggered sometime between 13:00-13:10 CET
Underlying: ALFA, CARLB
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Circuit Breaker, dynamic halt
Every day, triggered sometime between 11:00-11:10 CET
Underlying: OMXS30
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Stressed Market conditions
Every Thursday, activated between 14:00-14:30 CET
Underlying: FINGB
Please note that scheduled Circuit Breakers will only be activated for underlying: ALFA, CARLB and OMXS30. In addition to this, unscheduled Circuit Breakers can occur on underlying EKTAB and DNORD.
New columns that display un-scheduled Circuit Breaker states and the Stressed Market information for an instrument will be added to the Price Information and Price Quotation Windows in Genium INET Trading Workstation. To receive this, an upgrade to the 4.1.0215 release is necessary.
The planned project timeline for Genium INET 4.1.021
| 22 September | Final technical specifications available |
| 3 October | Release of initial Nasdaq front-ends |
| 5 October | External test system 3 availability |
| 13 October | External test system 4 availability |
| 21 October | Go-live candidates of Nasdaq front-ends |
| 4 November | External test system 1 availability |
| 19 November | Upgrade of Genium INET to version 4.1.0215 |
| 21 November | First trading and clearing day for Equity Derivatives, Fixed Income and Commodities on Genium INET 4.1.0215 |
Please visit our website for more information regarding Genium INET 4.1.0215.
http://www.nasdaqomx.com/transactions/technicalinformation/geniuminet/enhancements/genium-inet-4.1.0215
For questions or comments, please contact:
Technical Relations
Anders Bergström
anders.bergstrom@nasdaq.com
+46 8 405 7364
