nasdaqomx

Genium INET MiFID II 5.0.0201

Genium INET MiFID II 5.0.0201Q-Port

Genium INET upgrade November 18th

Genium INET will be upgraded to version 5.0.0201 on November 18th, 2017.  First day of Trading and Clearing on the new release will be November 20th, 2017. Please note that there are mandatory changes to FIX, OMnet and front-ends. The release will also include changes to ITCH. See the technical specifications to assess the impact. The changes to Nasdaq API´s and protocols are subject to mandatory conformance tests in September. Please see our conformance test website for more information.

Please note that the earlier planned conversion of the 5.0.0201 release, currently available in External test 4, to version 5.0.0210 has been void. Going forward the release going live November 20th, 2017 will be labelled 5.0.0201. This is purely a change of numeric sequence and has no technical impact. 

This webpage will be updated continuously when new information on the Genium INET 5.0.0201 release is available. In addition to monitoring this webpage, it´s strongly recommend to subscribe for IT-Notices for relevant markets. 

Subscribe here

 

All Asset Classes OMnet

Genium INET OMnet

 

The below table is based on the Summary Member Impact document that can be found under tab "Genium INET OMnet" The table summarizes the changes to OMnet.

Column "Final" shows if the change is final in the "OMnet Message Reference". Changes will only be done due to regulatory or other pressing demands.

Column "Available in Tech Specs" shows if the change is currently available in the "OMnet message Reference".

Column "Mandatory" refers to if the change is to be seen as technically mandatory. The impact of all changes should however be evaluated.

To ensure that the full impact of the 5.0.0201 release is considered, the “Summary of Changes” section in the OMnet Message  Reference Manual should be used.

Important to note that the configuration in External Test System 4 reflects the configuration to be in production on January 3rd, 2018. Information on configuration as of November 20th, 2017, will be available in due course.

 

KNOWN LIMITATIONS in External Test System 4 as of August 17th
 

  • Nasdaq Trading Workstation has support for early testing of Order Record Keeping. All features are not yet implemented, but Order Entry and Trade Reports have received the required fields to work with Order Record Keeping.
  • Clearing Workstation 1 is available for early testing.
  • Q-Port is available for early testing.
  • Instrument configuration is partly outstanding for Fixed Income (FI) and Commodities (COM) products, affecting pre-trade transparency, MMT flags and trade reporting. See details below in the API impact table.
  • TrayPort (COM) is not available.
   
Section Member Impact Description Available in test system Mandatory Final Available in Tech Specs
2 Reference Data        
2.1 Trade Report Type Available Yes Yes Yes
2.2 Minimum Block Trade Size and Liquidity flag Available   Yes Yes
2.3 Minimum Deferral Size EQD ready, COM/FI TBA Yes Yes Yes
2.4 Extra Reference Data for Commodities Available   Yes Yes
2.5 Default Trader ID Available Yes Yes Yes
2.6 Coupon Interest Rate Available Yes Yes Yes
2.7 Override of Liquidity Flag, Minimum Block Trade Size, Minimum Deferral Size Available   Yes Yes
2.8 Market Maker Obligations - Stressed Market TBA   Yes Yes
2.9 Allow sub-LIS Trade Reporting TBA   Yes Yes
3 Order Management        
3.1 OM-EXCHANGE_INFO structure Available Yes Yes/Changed Yes
3.2 Circuit Breaker Triggering info Available   Yes Yes
3.3 Trade Report Originator Available   Yes Yes
3.4 Quotes Available Yes Yes Yes
3.5 Indicative Quotes Available Yes Yes Yes
3.6 Post Trade Transparency flags EQD ready, COM/FI TBA Yes Yes Yes
3.7 Multi Leg Trade Report Available Yes Yes Yes
3.8 Market Maker Messages TBA   Yes Yes
3.9 Trade Report Notification Available   Yes Yes
3.10 Extended Order Record Keeping fields in Indicative Quotes Available   Yes Yes
4 Exceptional Market State        
4.1 Exceptional Market State Available   No Yes
5 Trading and Market Information        
5.1 Public Trade Ticker Available Yes Yes Yes
5.2 Order Book Levels Available Yes Yes Yes
6 Trade and Position Management        
6.1 Trade Information Available Yes Yes Yes
6.2 Rectify Deals/Trades Available Yes Yes Yes
6.3 Give-ups Available Yes Yes Yes
6.4 OTC Trade Reports Available Yes Yes Yes
6.5 Query Holding Rectify Trade/Deal Available Yes Yes Yes
7 EMIR Reporting        
7.1 Unique Trade Identifier in API Available Yes Yes Yes
8 Deal Source Changes Available     Yes
9 Impact on Reports        
9.1 OTC Trades Available     N/A
10 Market Status        
10.1 Instrument Status Information TBA   Yes Yes
11 Collateral Management        
11.1 Collateral Evaluations Available   Yes Yes

 

Changes to OMNet Error Messages
Following the upgrade to release 5.0.0201, a number of error messages will be updated. Affected messages: MC4 - LQ1, LQ2, LQ3, LQ4, LR5, LR6 - UC19, UC20 - UQ15, UQ19
An updated System Error Messages Reference is available under tab Genium INET OMnet.

Trader ID
For members, Trader ID´s have been set up in External test 4 according to existing registered traders
For ISV´s a set of pre-configured generic Trader ID´s has been set up to be used for testing. Personal Trader ID´s can be set-up on request by Member Services. 

For Sponsored Access, the Client ID code must be pre-registered with the exchange, since each client is subject to the exchange’s authorization and pre-approval on a client-by-client basis. Please contact Member Services at ms.gi@nasdaq.com to pre-register.

Pre-configured generic Trader ID´s for ISV´s
Trader ID Trader ID Type
AAA111 Personal
ALGO12 Algo
AOR001 Routing
BBB222 Personal
CCC333 Personal
DDD444 Personal
DMA123 DMA
EEE555 Personal
FFF666 Personal
GGG777 Personal
HHH888 Personal
III999 Personal
SA1234 Sponsored access
TECH12 Technical

All Asset Classes FIX

Genium INET FIX

The below table is based on the Summary Member Impact document that can be found under tab "Genium INET FIX" The table summarizes the changes to FIX.

Column "Final" shows if the change is final in the Summary Member Impact document. Changes will only be done due to regulatory or other pressing demands.

Column "Mandatory" refers to if the change is to be seen as technically mandatory. The impact of all changes should however be evaluated.

To ensure that the full impact of the 5.0.0201 release is considered, the “Revision History” section in the FIX Specification should be used.

Important to note that the configuration in External Test System 4 reflects the configuration to be in production on January 3rd, 2018. Information on configuration as of November 20th, 2017, will be available in due course.

 

KNOWN LIMITATIONS as of August 17th

  • Nasdaq Trading Workstation has support for early testing of Order Record Keeping. All features are not yet implemented, but Order Entry and Trade Reports have received the required fields to work with Order Record Keeping.
  • Clearing Workstation 1 available for early testing.
  • Q-Port available for early testing.
  • Instrument configuration is partly outstanding for Fixed Income (FI) and Commodities (COM) products, affecting pre-trade transparency, MMT flags and trade reporting. See details below in API impact table.
  • TrayPort (COM) is not available.
 
Section Member Impact Description Available in test system Mandatory Final
3 Business Level Party Identifiers      
3.2 Party Roles Available Yes Yes
3.3 On Behalf Identifiers Available Yes Yes
3.4 Implicit Parties Available   Yes
3.5 Drop Copy Identifiers Available Yes Yes
4 Time Datatypes Enhancements      
4.1 Support for High Resolution Time Data Available   Yes
4.2 Change of Time Data Resolution Available Yes Yes
5 Order Management      
5.1 Commodity Derivatives Risk Reducing Flag/Liquidity Provision Available   Yes
5.2 DEA Order Flag Available   Yes
5.3 Trading Capacity Available Yes Yes
5.4 Trading Venue Transaction Identifier Available   Yes
5.5 Circuit Breaker Information Available   Yes
6 Contingent (Linked) Orders      
6.1 Commodity Risk Reducing Flag/Liquidity Provision Available   Yes
6.2 Trading Capacity Available Yes Yes
7 General Quote Handling      
7.1 Party Roles Available Yes Yes
7.2 Trade Capacity and Liquidity Provision Available   Yes
7.3 Pass-through Field Available   Yes
7.4 Quote Request Available   Yes
8 Trade Capture Reports      
8.1 Trade Handling Instructions Available   Yes
8.2 Commodity Derivatives Risk Reducing Flag/Liquidity Provision Available   Yes
8.3 Trading Capacity Available   Yes
8.4 DEA Order Flag Available   Yes
8.5 Venue of Execution Available   Yes
8.6 Market Mechanism Available   Yes
8.7 Trading Mode Available   Yes
8.8 Trade Types/MMT Transaction Types Available Yes Yes
8.9 Post-trade Deferrals EQD ready, COM/FI TBA   Yes
8.10 Amend/Cancel Flags in Confirmations Available   Yes
8.11 Complex Trade Component ID Available   Yes
8.12 Trading Venue Transaction Identifier Available   Yes
8.13 Trade UTI Available   Yes
8.14 Stressed Market Flag Available   Yes
8.15 Multi Leg Trade Reports Available   Yes
8.16 Trade Cancels Available   Yes
8.17 Trade Changes Available   Yes
9 FIX 5.0 SP2      
9.1 Standard Header Available Yes Yes

 

 

Trader ID
For members, Trader ID´s have been set up in External test 4 according to existing registered traders
For ISV´s a set of pre-configured generic Trader ID´s has been set up to be used for testing. Personal Trader ID´s can be set-up on request by Member Services.

For Sponsored Access, the Client ID code must be pre-registered with the exchange, since each client is subject to the exchange’s authorization and pre-approval on a client-by-client basis. Please contact Member Services at ms.gi@nasdaq.com to pre-register.

Pre-configured generic Trader ID´s for ISV´s
Trader ID Trader ID Type
AAA111 Personal
ALGO12 ALGO
AOR001 Routing
BBB222 Personal
CCC333 Personal
DDD444 Personal
DMA123 DMA
EEE555 Personal
FFF666 Personal
GGG777 Personal
HHH888 Personal
III999 Personal
SA1234 Sponsored access
TECH12 Technical

Equity Derivatives

The document below describes the functional changes for the Equity Derivatives Market, available in External test 4, for Genium INET release 5.0.0201.

 

Updates

  • Time of Agreement (August 28)
    • As of November 20th, 2017, Time of Agreement will be available in OMnet BD6 messages and FIX Trade Capture Reports for Equity Derivatives.
    • OMnet BD6 struct: CL_TRADE_TRADE_REPORT_API
    • FIX Trade Capture Reports: Tag 483
    • This is now available for testing in External Test 4.

Commodities

The document below describes the functional changes for the Commodities Markets for Genium INET release 5.0.0201, available in External test 4.

Nasdaq Commodities Europe - Genium INET 5.0.0201 – Upcoming Functional Changes Version 1.0

 

The document below describes Position Reporting for the Commodities Market.

Nasdaq Commodities Position Reporting

 

Fixed Income

Fixed Income Derivatives

The document below describes the functional changes for Fixed Income Derivatives, for Genium INET release 5.0.0201, available in External test 4.

Fixed Income Derivatives - Functional Changes November 2017  Updated September 14

Updates

  • Time of Agreement (September 20)
    • As of November 20th, 2017, Time of Agreement will be available in OMnet BD6 messages and FIX Trade Capture Reports for Fixed Income Derivatives.
    • OMnet BD6 struct: CL_TRADE_TRADE_REPORT_API
    • FIX Trade Capture Reports: Tag 483
    • This is now available for testing in External Test 4.

 

Generic Rates Instruments

The document below describes the functional changes for Generic Rate Instruments, for Genium INET release 5.0.0201, available in External test 4.

Generic Rates Instruments - Functional Changes November 2017

 

Fixed Income Cash

The document below describes the functional changes for Fixed Income Cash, for Genium INET release 5.0.0201, available in External test 4.

Fixed Income Cash - Functional Changes November 2017  

 

Order Record Keeping

Order Record Keeping Information
ORK references Updated

2017-08-15

2017-07-07

2017-07-07

 
 

Genium INET 5.0.0201 Technical Information

Below is the impact that Genium INET 5.0.0201 has on OMnet, FIX, Clearing Reports and Nasdaq Front-ends.

Genium INET 5.0.0201 Project Timeline

Genium INET 5.0.0201 project timeline
Planned dates Comment
30 April Draft technical specifications OMnet available
15 May External Test 4 availability (Trading only)
19 May Draft technical specifications FIX available
4 July Updated technical specifications OMnet available
17 July Drop 2 of new functionalities
17 July Release of initial Nasdaq front-ends
16 August External Test 4 Full clearing cycle
17 August Final technical specifications available
16 August Drop 3 of new functionalities
22 September Go-Live candidates of Nasdaq Front-ends Trading Workstation and Clearing Workstation 1
31 October External Test 3 availability
2 November External Test 1 availability
18 November Technical go-live of Genium INET 5.0.0201
20 November First trading and clearing day for Equity Derivatives, Fixed Income and Commodities

External Test System

Important to note that the configuration in External Test System 4 reflects the configuration to be in production on January 3rd, 2018. External test system 1 and 3 will be available on configuration reflecting November 20 th on the dates given below, the technical changes will be the same for all systems on release 5.0.0201. Information on configuration as of November 20th, 2017, will be available in due course.

Planned upgrades of External Test Systems to release 5.0.0201:

External Test systems availablitity
External Test System Planned Ugrade Planned 1st day of member testing
EXT 4 Upgraded to 5.0.0201 15 May (Trading only)
EXT 4 Upgrade based on release 4.0.0225 16 June
EXT 4 Functionallity drop 2 17 July
EXT 4 Initial Front Ends available 17 July
EXT 4 Full clearing cycle 16 August
EXT 4 Functionallity drop 3 16 August
EXT 4 Q-Port available TBA
EXT 3 Upgraded to 5.0.0201 31 October
EXT 1 Upgraded to 5.0.0201 2 November

 

Please see http://www.nasdaqomx.com/transactions/technicalinformation/geniuminet/testing  for additional information about the External Test Systems.

Please contact Member Services at ms.gi@nasdaq.com if you experience any login issues to the external test systems

Genium INET OMnet

OMnet Information
OMnet references Updated
Summary Member Impact OMnet 5.0.0201

2017-07-06

2017-08-16

2017-08-16

OMnet Header File Updated

2017-08-16

Genium INET FIX

FIX Information
FIX Specification Updated
Summary Member Impact FIX 5.0.0201 2017-06-15
FIX Spec 2.07 (Final) 2017-09-19
FIX Repository 2017-09-14

Genium INET ITCH/AMD/Glimpse

ITCH Information
ITCH Specification Updated
Summary Member Impact ITCH-AMD 5.0.0201 2017-06-15
Genium INET ITCH Protocol Specifications (Final)      2017-08-16
AMD Information
AMD Specification Updated
Genium INET AMD Protocol Specifications (Final)      2017-08-16
Glimpse Information
Glimpse Specification Updated
Genium INET Glimpse Protocol Specifications (Final) 2017-08-16

Genium INET Clearing Reports

Clearing Report Changes

 

Modified reports

  • OTC Trade Details:
    • New Columns: will be added in the end of the CSV report. "Time of ageement" and "Time of Clearing" will be in local time.
    • Time of Agreement
    • Time of Clearing

OTC Trade Details  Example report

 

  • Interest Rate Trades:
    • New Columns: will be added in the end of the CSV and XLS report. "Time of ageement" will be in local time and "Time of Clearing" in UTC.
    • Time of Agreement
    • Time of Clearing

Interest Rate Trades  Example report

 

 

  • EMIR Trades:
    • More information to be published

 

Genium INET Front-ends

Nasdaq Front-ends
Trading Workstation Updated

13 September

18 September
  • Trading Workstation Installation Guide (To be published)
 
 
 
Clearing Workstation 1 Updated

13 September

  • Clearing Workstation 1 User Guide (To be published)

 

  • Clearing Workstation 1 Installation Guide (To be published)

 

 
Q-Port Updated
  • Q-Port - Mandatory upgrade
    (Initial version)

28 August

  • Q-Port User Guide (To be published)

 

 
   
SHARE :