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The announced introduction of Sold Out State and Request For Quote functionality in Millennium 9.1 requires enablement changes for affected members. Members this might be relevant for and the process for enablement is described below. Please also note that publication of closing prices in MITCH real time feed and ordinary dynamic circuit breakers for instruments enabled with Micro Auctions will be discontinued after Millennium 9.1 go-live.
Enablement related to new functionality (Contact: enablement@oslobors.no)
- Request For Quote (RFQ)
For testing purposes, fixed income members are encouraged to register as RFQ enabled in the CDS environment as soon as possible. Oslo Børs also need information about any changes to the production enablement prior to the Millennium 9.1 dress rehearsals. Which members are enabled for RFQ will be available in the reference data files.
Matador MFI clients: Comp IDs and trader groups used in Matador MFI will be default enabled for RFQ unless Oslo Børs receives a specific request to not enable the comp IDs/ trader groups for RFQ.
Moreover, please be advised that the document OSLMIT Oslo Børs and Nordic ABM Market Model Fixed Income is updated with details of the RFQ setup.
- Sold Out State
In order to implement Sold Out State functionality, issuers of ETNs and warrants acting as market makers needs to register one of their Comp IDs and trader groups as the primary market maker of their ETNs and warrants. We recommend that the registration is made in CDS as soon as possible to allow for testing.
Members other than current issuers of ETNs and warrants interested in testing the Sold Out State-functionality from an issuer/market maker perspective may contact Oslo Børs.
Micro Auctions
The Micro Auction functionality is designed as a circuit breaker with a very short re-opening auction call and a random uncross every time the spread of the instrument is crossed by an aggressing order. Market orders are not allowed for instruments enabled with Micro Auctions, and ordinary dynamic circuit breakers will not be continued for these instruments. Nor will closing prices be published through MITCH Statistics for instruments enabled for Micro Auctions. Please find the relevant ETNs and warrants for which Micro Auctions has been enabled defined in reference data.
The document OSLMIT Derived Information Guidelines, Section 3.2, contains a description of how closing prices for ETNs and warrants are calculated on the basis of existing MITCH messages. In addition, closing prices for Micro Auctions-enabled instruments are available within the file-based product "End of Day", which on demand will be provided free of charge as a supplement to customers with an Oslo Børs license for real-time market information or delayed price information.
If you have any questions, you are always welcome to contact Oslo Børs’ contact persons (below).
Members
Ingvild Resaland, tel. +47 22 34 19 16, ingvild.resaland@oslobors.no
Carl Nilsen, tel. +47 22 34 17 93, carl.nilsen@oslobors.no
Bodil Østby, (fixed income members) tel. +47 22 34 17 09, bodil.ostby@oslobors.no
Market Data Vendors
Line Mauseth, tel +47 22 34 18 15, line.mauseth@oslobors.no
Christian Pettersen, tel +47 22 34 18 08, christian.pettersen@oslobors.no
Technical
Eirik Finvold, tel +47 22 34 17 42, eirik.finvold@oslobors.no
Technical Support, tel +47 22 34 19 90, technicalsupport@oslobors.no
Enablement Team, enablement@oslobors.no
