IT – INET Nordic and Genium INET – Change of t
Post# of 301275
Nasdaq Iceland has decided to migrate all Icelandic fixed income products currently traded in the INET Nordic trading system to Genium INET as the MiFID II related development work for bonds will be done in Genium INET.
The change will be mandatory for all members trading Icelandic fixed income products. This will be a migration and change of trading system activity, no delisting of products will be required.
The change to production in Genium INET will coincide with the implementation of MiFID II in Iceland. The current target date for the MiFID II implementation is Q3 2018 as of which the respective instruments will be traded in Genium INET.
The fixed income instruments in question are currently traded on the three INET market segments listed in the table below. The two current INET market segments on Nasdaq Iceland’s regulated market, OMX ICE CP Fixed Income and OMX ICE DP Fixed income, will be merged into one Genium INET market segment.
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 will be communicated later.
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
- Genium INET test – Target date is Q2 2018
- Genium INET Production – Target date is Q3 2018
Questions and feedback
For further information concerning this exchange notice please contact the Trading division (floor.ice@nasdaqomx.com, tel. +354 5 25 28 50).
Support
For technical questions please contact Technical Support (Genium INET): Tel: +46 8 405 6750 E-mail: technicalsupport@nasdaq.com
Or Nasdaq Equity Operations (INET): Tel: +46 405 6410 E-mail: operator@nasdaq.com
Best regards Nasdaq Nordic
Nasdaq Nordic represents the common offering by Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm. Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm are respectively brand names for Nasdaq Copenhagen A/S, Nasdaq Helsinki Ltd, Nasdaq Iceland hf. and Nasdaq Stockholm AB.
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