Tuesday, October 3, 2017
Futures Trader Alert #2017 - 18
Nasdaq Futures Enhancements SR3-17 in Production Environment
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Pending regulatory approval, the following enhancements will be rolled out for SR3-17 in the NFX Production Environment for the Open Session for October 15th, 2017: Introduction of Quarterly Strips: A Quarterly Strip is a standardized combination that enables the simultaneous buy or sell of an equal number of futures contracts for quarter 1, 2, 3 or 4 for a given year. E.g. a buy of a Brent Crude Strip Q1 2018 would mean a buy of BFQF8-H8 printing legs BFQF8, BFQG8 and BFQH8. NFX will list Quarterly Strips for the following underlying’s:
Introduction of QDAY futures: A Calendar Day futures is a unique standardized order type where the number of contracts represents the number of days in a calendar month. Calendar Day Futures will only be available for HENRY HUB NATURAL GAS FINANCIAL FUTURES (2,500 MMBtu) contract or NNQ contracts. The symbol will be QDAY. Introduction of Strip Orders: A Strip Order is an order to simultaneously buy or sell up to five but no more than twelve futures contracts or buy and sell two separate strip orders. NFX will list the following Strip Orders:
These enhancements will be available for testing in the NFX Test Environment beginning October 9th. If you have any questions or would like access to or assistance with testing, please contact NFX Market Operations or call 215.496.5409. Additional functional details on the enhancements is available via the NFX SR3-17 FAQ. |
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