Why does this RIC not follow RIC rules?

mike-petrut
mike-petrut Newcomer
in TRTH

I just extracted all future (both active and inactive) contracts for a commodity using the "https://selectapi.datascope.refinitiv.com/RestApi/v1/Search/FuturesAndOptionsSearch" and the following payload.

{
            "SearchRequest": {
                "FuturesAndOptionsType": "Futures",
                "Identifier": "KW",
                "IdentifierType": "RICRoot"}
}

This returns data for all future contracts for the "KW" RIC root including the RIC of the contracts. One of the RICs that came back doesn't seem to follow the RIC rules. It is "KWK24". This is the contract that expires in May 2024. Looking at the other contracts it seems that the RIC should be "KWK4" instead. Is this some sort of mistake?

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Best Answer

  • Jirapongse
    Jirapongse ✭✭✭✭✭
    Answer ✓

    @mike-petrut

    I found an answer mentioned in case #11104731.

    Please be informed that two-digit year codes have been introduced for any contract expiring in January 2024 and beyond. So, all RICs will have one digit year code till December 2023 and will start using two-digit year code as and when contracts are listed for Jan 2024 and beyond, with an exception of Strategy/Spreads - Butterfly (BF), Condor (CF) and Inter-Commodity (SI) types.

    The RIC KWK24 is the correct RIC and is in line with the above rule.

    Please also refer to the DN070606.

    For the question regarding COMM4^0 and COMK4^0, I have posted the question in case #11104731. The content support team will provide you with an answer. Otherwise, you can send an email to them to ask any further questions.


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