Page Metadata

Flexible Equity Derivatives under the Exchange Rules

Today Nasdaq offers cleared-only Flexible equity derivatives. Flexible contracts combine the flexibility of the OTC market with the security and efficiency of the listed market. The member can design the desired contract in real time. The contracts can be tailored to a certain exercise price, expiration day, exercise style (American or European) and settlement type (physical or cash).

Nasdaq will introduce trading in the flexible equity and index contracts under the Exchange Rules for Derivatives Markets (ERDM). 

Flexible equity derivatives contracts will still be available as cleared only. 

Nasdaq applications:

Clearing Workstation 1 and Q-Port will get a new window, "Create Flexible Series". With this window a new flexible series can be created without sending a trade report. 

Nasdaq API/Protocols: Mandatory if functionality is to be used ​

OMnet (Please see OMnet message reference for more information) 

  • Struct ns_inst_series_bo added to the following OMnet messages
    • DQ124/DA124 Delta Instrument Series
    • BU124 Delta Instrument Series Update

Product ID (Updated February 26)

The launch of Product ID in OMnet API has been postponed and will not be launched as a part of the Genium INET 5.0.0205 release. The launch of Product ID will be communicated in an IT-Notice for an upcoming Genium INET release.

Introduction of an alternative product identifier for equity derivatives to be implemented in OMnet API, technical launch April 21st. Launch of the functionality to be announced. With the product id, instruments will be grouped into product types for each underlying share or index. As an example, the product id OERICB may be used for options on ERICB and the product id FERICB may be used for futures on ERICB.

Nasdaq API/Protocols: Mandatory if functionality is to be used

The product identifier will be included in a new OMnet structure: ns_inst_series_product_id in which will be added to the following OMnet messages:

  • DQ124/DA124 Delta Instrument Series Query.
  • BU124 Delta Instrument Series Update VIB.
  • DQ125/DA124 Delta Instrument Series for Back Office Query.
  • BU125 Delta Instrument Series Update for Back Office VIB. 

Interface files

The Product ID will be available in the following interface file:

  • .sxt based on DQ125.

Please see Clearing Workstation 1 user guide for more information.

Contact Us

Member Services
Production and Test login credentials (user id & passwords)
Participant and User configuration
FIX Configuration 

+46 8 405 6660
ms.gi@nasdaq.com


Technical Support
Technical integration issues for members and ISV´s: Trading and clearing on OMnet API and FIX. General disturbances and issues. 

+46 8 405 6750
technicalsupport@nasdaq.com


Risk Management
Margin Methodology for Equity and Index derivatives, cleared Fixed Income products and Commodities

clearing.risk@nasdaq.com
+46 8 405 7088 



Clearing Operations
Support for Genium INET clearing operation related queries 

+46 8 405 6880
clearing@nasdaq.com

empty

For test related queries
clearing.test@nasdaq.com


Trading Operations
Support for Genium INET trading related queries for Equity Derivatives and Fixed Income

+46 8 405 7360
tradingoperations@nasdaq.com

empty

Support for Genium INET trading related queries for Commodities
+47 6752 8037
desken@nasdaq.com


Technical Relations
Market Readiness upcoming enhancements, ISV and other third party technical and sales support. 

+46 8 405 7364
anders.bergstrom@nasdaq.com 

empty

+46 8 405 6944
charlie.holmgren@nasdaq.com

Scroll up