Naming conventions in Market Data Pool
The names of the securities are usually specified by the Market Data Pool via which the securities are automatically created. In some cases, however, you will certainly also invest your own securities. In this case, you should try to choose names that are as meaningful as possible and comply with Market Data Pool conventions. This measure will help you in your search for securities.
To make searching for securities as simple and structured as possible, there are some basic rules in Market Data Pool that (almost) all names obey.
Bonds
The names of bonds usually consist of the interest rate, the name of the issuer, an abbreviation for the type or bond group and the term. Example:
"1.625% NRW.Bank Is.A.15K 12/20"
Fund
Fund names generally begin with the name of the fund company, followed by the name of the fund and, if it is a fixed-term fund, the term. Examples:
"DWS Emerging Markets Type 0"; "UniEuroRenta Corporates 2023"
Futures and options
In order to create a consistent naming system for futures and options, the EUREX product IDs are used as the main name component (if available, otherwise vwd symbol).
The following name structure therefore applies:
Underlying (usually product ID of the underlying, see Eurex product list), place (MIC), type, strike price (maximum 4 significant decimal places), month (format "mm/yy"), generation number.
The components are separated by spaces. Apart from the optional generation number, the components are mandatory fields; if one of them is not present, no name can be created. The name created must also be unique.
Example for Deutsche Bank (call, MIC code for EUREX, strike price 28, maturity December 2021, generation number): "DBK XEUR C 28 12/21 2"
In the case of futures, the strike is omitted, as is the month for endless futures (here "endl" is used instead). Type is "Future".
Example: "DBK Future endl"
Optionally, the CON no. follows at the end of the name if it is an endless future and the CON no. exists. Example: "3.A0MEV3.DTB.CON2"
Take the MIC codes with the corresponding names or exchanges from the following table:
MIC | Place |
|---|---|
XEUR | EUREX |
XSFE | Futures Exchange Sydney |
SMEX | Singapore Exchange |
XASX | Australia |
XTKS | Tokyo |
XLIF | Euronext Liffe |
XDMI | Milan Derivatives |
XBUD | Budapest Stock Exchange |
XLDN | Euronext Liffe |
XMAT | Euronext Liffe |
IEPA | Intercontinental Exchange (ICE) |
XOSL | Oslo |
XCME | Chicago Mercantile Exchange |
XCBO | Chicago Board of Trade |
XCEC | COMEX |
ICUS | ICE US (formerly NYBOT) |
XWCE | Intercontinental Exchange Canada |
XKBT | Kansas City Board of Trade |
Special case OPRA options
In the Infront Portfolio Manager you can also search for American options ("OPRA options", where "OPRA" stands for "Options Price Reporting Authority") (if necessary via the online search for securities) and add them to your database. You can search for both the name and the (unique) vwd symbol of the options.
The structure of the name does not differ from the option names in the Infront Portfolio Manager described above and contains the components ticker, option type, strike and maturity.
Example: KMI XCBO C 10 01/21
Components of the name:
- Ticker symbol of the underlying as used by OPRA, here "KMI" for "Kinder Morgan Inc"
- MIC code, here "XCBO" for "Chicago Board of Trade"
- Option type, here "C" for "Call"
- Strike price (strike), here "10"
- Term, here "01/17"
The vwd symbol for this option looks like this: KMI.XCBO.1000.7A
Components of the vwd symbol:
- Ticker symbol of the underlying as used by OPRA, here "KMI" for "Kinder Morgan Inc"
- Stock exchange, here "XCBO" for "Chicago Board of Trade"
- Strike (strike price) in cent notation, here "3500" for "10 US dollars"
- Option type and maturity, coded as follows:
The first number is the last digit of the year of the due date, in this case "7" for the year 2017.
The letter at the end encodes the option type and the month of maturity, where Call/January = "A", Call/December = "L", Put/January = "M" and Put/December = "X". The example shows a call with a maturity date of "January".
The four components of the vwd symbol are separated from each other by a dot (".").
Market and economic data (MK data)
For market and economic data, the corresponding country designations are entered in the name where possible, such as "GDP Japan" or "Money supply M3 Switzerland". The generally accepted abbreviations such as GDP etc. are used in the names.
Warrants
Due to the ever-increasing number of warrants, a consistent naming convention is probably the most important thing here. The naming is similar to that of the options; the issuer is added as an additional specification, e.g. "DAX Call 10000 2021/12 (DBK)".
In the case of warrants that cannot be clearly identified as a call or put, a corresponding specification is made instead of the "call" or "put" (e.g. spread, range, etc.).