{"id":100186,"date":"2024-03-08T12:10:50","date_gmt":"2024-03-08T18:10:50","guid":{"rendered":"https:\/\/tradingtechno3.wpenginepowered.com\/?post_type=support&#038;p=100186"},"modified":"2024-03-08T12:10:50","modified_gmt":"2024-03-08T18:10:50","slug":"cme-mandatory-migration-ilink3-binary-order-entry-protocol-for-cgw-idem-migration-to-euronext-dress-rehearsal-2-and-more","status":"publish","type":"support","link":"https:\/\/tradingtechnologies.com\/support-updates\/cme-mandatory-migration-ilink3-binary-order-entry-protocol-for-cgw-idem-migration-to-euronext-dress-rehearsal-2-and-more\/","title":{"rendered":"CME: Mandatory Migration &#8211; iLink3 Binary Order Entry Protocol for CGW, IDEM: Migration to Euronext Dress Rehearsal 2 and More"},"content":{"rendered":"\n\n\n<!--more-->\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"cme-mandatory-migration-%e2%80%93-ilink3-binary-order-entry-protocol-for-cgw\"><\/span><strong>CME: Mandatory Migration &#8211; iLink3 Binary Order Entry Protocol for CGW<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>2024<\/strong><\/h5>\n\n\n\n<p>CME has introduced support for iLink3 on Convenience Gateways (CGW) for trading Futures and Options on CME Globex. CME will decommission CGW iLink2 on Jan 31, 2025 however,&nbsp; all customers must migrate by December 31 of this year to avoid penalties.&nbsp;<\/p>\n\n\n\n<p>TT plans to support iLink 3 for CGW in UAT in Q2, 2024. Additional details on support for this migration will follow in upcoming System Updates. Prior to Production launch on TT, we will provide customers with the ability to participate in Mock testing sessions which we will coordinate with the CME, details to be communicated at a later date.&nbsp;<\/p>\n\n\n\n<p>Development of TT iLink3 Convenience Gateway support is now under way. Customers familiar with the MSGW iLink3 upgrade that occurred in 2019 will find the CGW iLink upgrade familiar. At the present time TT has set July, 2024 as the tentative target for the start of testing in UAT. Further updates regarding timelines, migration, documentation, etc will be shared here in System News as the details become clearer.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"idem-migration-to-euronext-dress-rehearsal-2\"><\/span><strong>IDEM: Migration to Euronext Dress Rehearsal 2<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>March 9<\/strong><\/h5>\n\n\n\n<p>In preparation for the migration of IDEM instruments to Euronext Optiq, Euronext will conduct a second dress rehearsal in their production environment on March 9. Customers can participate in this dress rehearsal by logging onto the link &#8211; <a href=\"https:\/\/mock.trade.tt\/home\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/mock.trade.tt\/home<\/a> using their production login credentials.\u00a0<\/p>\n\n\n\n<p>The key times for this mock are as follows &#8211;<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Time (CET)<\/strong><\/td><td><strong>Activity<\/strong><\/td><\/tr><tr><td>10:30<\/td><td>Call Phase Starts. Orders can be entered on the Euronext instruments<\/td><\/tr><tr><td>11:00<\/td><td>Uncrossing of orders received during the Call Phase.Continuous trading starts<\/td><\/tr><tr><td>15:30<\/td><td>Closing of the normal trading session<\/td><\/tr><tr><td>15:45<\/td><td>Clients to confirm the dress rehearsal results to Euronext by filling the <a href=\"https:\/\/connect2.euronext.com\/en\/site-home-page?destination=\/en\/form\/bita-migration-phase-3-results\" target=\"_blank\" rel=\"noreferrer noopener\">Result Webform<\/a>Euronext will stop the Optiq environment. Clients can disconnect from all Euronext applications<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Customers may use their existing Euronext connections \/ logical accesses to trade on the IDEM instruments.&nbsp;<\/li>\n\n\n\n<li>In Setup, Administrators will be required to permission users for access to IDEM market data on Euronext, as well as to allow trading.\n<ul class=\"wp-block-list\">\n<li>In case the IDEM permissions are grayed out, administrators are requested to reach out to their TT Onboarding representatives to help grant permissions for editing the IDEM subscription for their company.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>To minimize the impact to the current production Euronext instrument data, TT will upload and process only the IDEM instruments during the mock.\n<ul class=\"wp-block-list\">\n<li>The legacy Euronext instruments will still be available for trading during the mock, and these will be as per the production data received on 8 Mar.<\/li>\n\n\n\n<li>For any legacy Euronext Options that display an incorrect strike price on TT, these will not be corrected for this mock. Hence, strategy creation may fail for such options during the mock.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h6 class=\"wp-block-heading\"><em>Additional Resources<\/em><\/h6>\n\n\n\n<p><a href=\"https:\/\/connect2.euronext.com\/en\/media\/2673\/download\" target=\"_blank\" rel=\"noreferrer noopener\">Dress Rehearsal Guidelines<\/a><\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"eurex-t7-disaster-recovery-test\"><\/span><strong>Eurex: T7 Disaster Recovery Test&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>March 16&nbsp;<\/strong><\/h5>\n\n\n\n<p>Eurex is planning a T7 Disaster Recovery Test on March 16 for the current release T7 12.0. Participation in this test is strongly recommended. Registration with the exchange is now closed.&nbsp;<\/p>\n\n\n\n<p>Additional information from the exchange regarding this test (including System documentation, circulars and timelines) is available here: <a href=\"https:\/\/www.eurex.com\/ex-en\/find\/circulars\/circular-3818172\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.eurex.com\/ex-en\/find\/circulars\/circular-3818172<\/a><\/p>\n\n\n\n<p>The timelines for the test are as below&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>Event<\/td><td>Time&nbsp;<\/td><\/tr><tr><td>Start of T7 disaster recovery test<\/td><td>13:00 CET<\/td><\/tr><tr><td>End of T7 disaster recovery test<\/td><td>16:00 CET<\/td><\/tr><tr><td>Start of production environment re-connect test<\/td><td>17:00 CET<\/td><\/tr><tr><td>End of production environment re-connect testand shutdown of T7 production<\/td><td>18:00 CET<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>Please contact your TT Onboarding representative with questions on participation.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"cme-brokertec-stream-trading-hours-extension\"><\/span><strong>CME BrokerTec Stream: Trading Hours Extension<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>March 17<\/strong><\/h5>\n\n\n\n<p>Effective Sunday, March 17 (trade date Monday, March 18) CME will extend the BrokerTec Stream opening hours. The current open is at 7:30am Eastern Time, and the new open will be at 6:30pm Eastern Time. Close will remain at 5:30pm Eastern Time.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"jpx-addition-of-prime-150-index-futures\"><\/span><strong>JPX: Addition of Prime 150 Index Futures<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>March 18<\/strong><\/h5>\n\n\n\n<p>JPX has announced the Addition of Prime 150 Index Futures with an effective date of March 18. The product code for the new product is JP150 and it is available now for testing in UAT. The product is also available now in Production for Risk Limit setup and other configurations. Status will remain Closed until the first day of trading.<\/p>\n\n\n\n<h6 class=\"wp-block-heading\"><em>Additional Resources<\/em><\/h6>\n\n\n\n<ul class=\"wp-block-list\">\n<li>English: <a href=\"https:\/\/www.jpx.co.jp\/english\/markets\/indices\/jpx-prime150\/index.html\" target=\"_blank\" rel=\"noreferrer noopener\">Data &amp; Statistics: JPX Prime 150 Index<\/a><\/li>\n\n\n\n<li>\u65e5\u672c\u8a9e: <a href=\"https:\/\/www.jpx.co.jp\/markets\/indices\/jpx-prime150\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u30de\u30fc\u30b1\u30c3\u30c8\u60c5\u5831\uff1a JPX\u30d7\u30e9\u30a4\u30e0150\u6307\u6570<\/a><\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"jpx-addition-of-weekly-contracts-on-electricity-futures\"><\/span><strong>JPX: Addition of Weekly Contracts on Electricity Futures<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>March 18<\/strong><\/h5>\n\n\n\n<p>JPX has announced the Addition of Weekly Contracts on Electricity Futures with an effective date of March 18. The product codes are listed below and they are available now for testing in UAT. The products are also available now in Production for Risk Limit setup and other configurations. Status will remain Closed until the first day of trading.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>EEBW (East Area Weekly Baseload Electricity Futures)<\/li>\n\n\n\n<li>EWBW (West Area Weekly Baseload Electricity Futures)<\/li>\n\n\n\n<li>EEPW (East Area Weekly Peakload Electricity Futures)<\/li>\n\n\n\n<li>EWPW (West Area Weekly Peakload Electricity Futures)<\/li>\n<\/ul>\n\n\n\n<h6 class=\"wp-block-heading\"><em>Additional Resources<\/em><\/h6>\n\n\n\n<ul class=\"wp-block-list\">\n<li>English: <a href=\"https:\/\/www.jpx.co.jp\/english\/rules-participants\/public-comment\/detail\/d13\/p6b22i0000000k00-att\/p6b22i0000000k1z.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Addition of Weekly Contracts on Electricity Futures and Revision of Tick Size for LNG Futures<\/a><\/li>\n\n\n\n<li>\u65e5\u672c\u8a9e: <a href=\"https:\/\/www.jpx.co.jp\/rules-participants\/public-comment\/detail\/d13\/aocfb40000000ip2-att\/20230619.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">\u96fb\u529b\u5148\u7269\u306b\u4fc2\u308b\u9031\u9593\u7269\u53d6\u5f15\u306e\u8ffd\u52a0\u53ca\u3073\uff2c\uff2e\uff27\u5148\u7269\u306e\u547c\u5024\u306e\u5358\u4f4d\u306e\u898b\u76f4\u3057\u306b\u3064\u3044\u3066<\/a><\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"jpx-revision-of-tick-size-for-lng-futures\"><\/span><strong>JPX: Revision of Tick Size for LNG Futures<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>March 18<\/strong><\/h5>\n\n\n\n<p>JPX has announced a change of Tick Size for LNG Futures with an effective date of March 18. Tick Size changes are routine changes on the TT Platform and as such the updates will be applied to all TT environments automatically, immediately upon being sent out on the exchange\u2019s Market Data Feed. The changes will be available for testing in UAT starting from December 6, 2023. The changes will be available in Production starting from March 18.<\/p>\n\n\n\n<h6 class=\"wp-block-heading\"><em>Additional Resources<\/em><\/h6>\n\n\n\n<ul class=\"wp-block-list\">\n<li>English: <a href=\"https:\/\/www.jpx.co.jp\/english\/rules-participants\/public-comment\/detail\/d13\/p6b22i0000000k00-att\/p6b22i0000000k1z.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Addition of Weekly Contracts on Electricity Futures and Revision of Tick Size for LNG Futures<\/a><\/li>\n\n\n\n<li>\u65e5\u672c\u8a9e: <a href=\"https:\/\/www.jpx.co.jp\/rules-participants\/public-comment\/detail\/d13\/aocfb40000000ip2-att\/20230619.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">\u96fb\u529b\u5148\u7269\u306b\u4fc2\u308b\u9031\u9593\u7269\u53d6\u5f15\u306e\u8ffd\u52a0\u53ca\u3073\uff2c\uff2e\uff27\u5148\u7269\u306e\u547c\u5024\u306e\u5358\u4f4d\u306e\u898b\u76f4\u3057\u306b\u3064\u3044\u3066<\/a><\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"cfe-ric-symbol-change\"><\/span><strong>CFE: RIC symbol change<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Effective 17 March 2024, Refinitiv is introducing a change to RICs for CFE products transitioning from single digit to two digit year codes for contracts expiring in January 2024 and beyond. Example: Old RIC: VXF4, New RIC: VXF24.<\/p>\n\n\n\n<p>Please note that TT will not go live with these changes at the same time as Refinitiv. Until then, customers should continue to use the existing RIC codes.<\/p>\n\n\n\n<p>Once changes are implemented, TT will support the modified RIC code on new contracts as they are added by the exchange. This will impact customers that trade CFE using FIX Order Routing, Drop Copy and FIX Order Gateway services, and will require that clients be ready to both send and receive the new RIC code format. Additional details on UAT availability will be provided in due course.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"idem-migration-to-euronext\"><\/span><strong>IDEM: Migration to Euronext<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>March 25<\/strong><\/h5>\n\n\n\n<p>On March 25, Euronext will complete the migration of Borsa Italiana (IDEM) products to the Euronext exchange. On TT, the IDEM market will be decommissioned and these products will be available to trade on the Euronext market.&nbsp;<\/p>\n\n\n\n<p>Details on TT customer impact, as well as TT\u2019s plans for this migration may be found in the IDEM to Euronext Migration Guide, which will continue to be updated as needed:<\/p>\n\n\n\n<p><a href=\"https:\/\/library.tradingtechnologies.com\/downloads\/IDEM_Euronext_Migration_Guide.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/library.tradingtechnologies.com\/downloads\/IDEM_Euronext_Migration_Guide.pdf<\/a><\/p>\n\n\n\n<p>February 23: This guide has now been updated to include TT\u2019s Go-Live Plan, and will continue to be updated as additional details are received from the exchange.<\/p>\n\n\n\n<p><strong>NOTE:<\/strong> To reduce the manual effort required on the part of customers, on February 9, TT copied TTUS data in UAT from IDEM to Euronext. Customers are encouraged to verify this data, and to make any modifications necessary for trading. This exercise will be performed in Production on March 16th. Please refer to the migration guide for additional information on this data migration.<\/p>\n\n\n\n<p>Notable changes with this migration:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>In addition to the currently supported Euronext order types of Market and Limit, Stop Market and Stop Limit will be enabled for IDEM Derivatives, and will be supported on TT.&nbsp;<\/li>\n\n\n\n<li>TT will introduce support for the Euronext Self-Trade Prevention (STP) functionality, which will be supported on both Euronext and IDEM products.&nbsp;<\/li>\n\n\n\n<li>In Setup, Administrators will be required to permission users for access to IDEM market data on Euronext, as well as to allow trading.<\/li>\n<\/ul>\n\n\n\n<p>These changes are available in TT UAT environment for testing.<\/p>\n\n\n\n<p>The following are the anticipated milestones for this project:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Milestone<\/strong><\/td><td><strong>Expected Date<\/strong><\/td><td><strong>Delivered Date<\/strong><\/td><\/tr><tr><td>TT Initial&nbsp;Deployment to UAT<\/td><td>February 25<\/td><td>December 21, 2023<\/td><\/tr><tr><td>TT Migration Guide (Draft)<\/td><td>January 25<\/td><td>January 25, 2024<\/td><\/tr><tr><td>Exchange Conformance Deadline<\/td><td>January 31<\/td><td>January 30, 2024<\/td><\/tr><tr><td>Exchange Dress Rehearsal 1<\/td><td>February 24<\/td><td>February 24, 2024<\/td><\/tr><tr><td>TT Migration Guide (Final)<\/td><td>February 26<\/td><td>February 23, 2024<\/td><\/tr><tr><td>TT Delivery of Go-Live Plan<\/td><td>February 26<\/td><td>February 23, 2024<\/td><\/tr><tr><td>Exchange Dress Rehearsal 2<\/td><td>March 9<\/td><td><\/td><\/tr><tr><td>Exchange Go-Live<\/td><td>March 25<\/td><td><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>Euronext has started adding IDEM related instruments in production, and all instruments are expected to be created by 24 Feb. Customers may start seeing these under Euronext on TT as soon as these are added by Euronext. For these &#8211;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Symbols starting with \u2018e\u2019 pertain to IDEM Equity Derivatives<\/li>\n\n\n\n<li>Symbols starting with \u2018i\u2019 pertain to IDEM Index Derivatives<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"euronext-support-for-euronexts-self-trade-prevention-stp-functionality\"><\/span><strong>Euronext: Support for Euronext\u2019s Self Trade Prevention (STP) Functionality<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>March 25<\/strong><\/h5>\n\n\n\n<p>TT will implement support for Euronext\u2019s Self Trade Prevention (STP) functionality on March 25, 2024. This is now available in the TT UAT environment for testing. In TT User Setup, users can set the SMP ID and SMP Instruction for this functionality to take effect. SMP Instruction can be set to any of the below options &#8211;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Cancel Resting Order<\/li>\n\n\n\n<li>Cancel Incoming Order<\/li>\n\n\n\n<li>Cancel Both Orders<\/li>\n<\/ul>\n\n\n\n<p>Customers trading on TT through FIX will need to use TT FIX Tags 7928 and 8000 for SMP ID and SMP Instruction respectively. Please refer to the <a href=\"https:\/\/library.tradingtechnologies.com\/tt-fix\/general\/directory.html\" target=\"_blank\" rel=\"noreferrer noopener\">TT FIX Tag Directory<\/a> for further details on these two tags.<\/p>\n\n\n\n<p>Please note that the Euronext Self Trade Prevention is not applicable for orders sent with an Account Type of Client.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"tfex-extended-trading-hours\"><\/span><strong>TFEX: Extended Trading Hours<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>March 25<\/strong><\/h5>\n\n\n\n<p>TFEX has announced plans for Phase 2 of their extension of trading hours for Non-Equity Products. The changes are scheduled to go into effect on March 25, 2024.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>TT Platform Impact<\/strong><\/h5>\n\n\n\n<p>There is no impact to the TT platform. Since TT TFEX services already stay connected to the exchange past the new Non-Equity Products\u2018 closing time, no changes are required. Furthermore all market updates like Trading Status updates, etc are detected by the TT platform automatically and do not require changes when schedules change.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"b3-binary-protocol\"><\/span><strong>B3 Binary Protocol<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>Q1<\/strong><\/h5>\n\n\n\n<p>B3 has introduced new, lower latency Binary protocols for Market Data via the Unified Market Data Feed (UMDF) and Order Entry via Simple Binary Encoding (SBE).&nbsp;<\/p>\n\n\n\n<p>TT is currently developing support for B3&#8217;s binary protocols both for market data and order entry, which will be available in UAT in Q1 2024.&nbsp;<\/p>\n\n\n\n<p>Please note that B3 continues to support the legacy protocols in parallel with the new Binary offering, and the TT migration will follow a phased approach:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Phase 1: TT will update its Market Data feed to use the new UMDF protocol, which is compatible with both the new SBE Order API and the legacy order entry protocol &#8211; no changes are expected for end users<\/li>\n\n\n\n<li>Phase 2: TT will allow customers to continue using their existing order connections, and in parallel will allow customers to configure and use new connections using SBE<\/li>\n\n\n\n<li>Phase 3: TT will discontinue support of the legacy orders API, and customers will need to utilize new SBE connections<\/li>\n<\/ul>\n\n\n\n<p>TT is now undergoing conformance with the exchange, and we will provide a milestone based timeline detailing dates and deliverables for each of these phases in upcoming weeks.<\/p>\n\n\n\n<p>Please note that on the new binary SBE UMDF market data protocol, B3 does not send Settle and SettlePU prices. B3 plans to address this issue in Q2, with the solution becoming available to ISVs in Q3. These values are crucial for calculating PnL and working days to expiry for ADL. To address this issue in the new protocol, TT will implement an interim solution to retrieve Settle and SettlePU from the old protocol at the beginning and end of each trading session. These values will remain constant until the end of the trading session and won\u2019t be updated in real-time. Once this feature becomes available via the new protocol, these values will once again be updated in real time.<\/p>\n\n\n\n<h6 class=\"wp-block-heading\"><em>Additional Resources<\/em><\/h6>\n\n\n\n<p><a href=\"https:\/\/clientes.b3.com.br\/en\/w\/market-data-binario\" target=\"_blank\" rel=\"noreferrer noopener\">Binary Market Data<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/clientes.b3.com.br\/en\/w\/gateway-binario\" target=\"_blank\" rel=\"noreferrer noopener\">Bianry Order Entry<\/a><\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"hkex-introduction-of-10-year-china-ministry-of-finance-treasury-bond-futures\"><\/span><strong>HKEX: Introduction of 10-year China Ministry of Finance Treasury Bond Futures<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>Q1<\/strong><\/h5>\n\n\n\n<p>HKEX has announced the long-awaited introduction of 10-year China Ministry of Finance Treasury Bond Futures to their product line-up. The product launch date is tentatively scheduled for Q1 2024.&nbsp;<\/p>\n\n\n\n<p>Changes to the TT platform are not needed for support of the new product. The product symbol is HTT and it is available now for testing in the UAT Environment.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"wse-native-support-for-order-entry\"><\/span><strong>WSE: Native Support for Order Entry<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>Q1<\/strong><\/h5>\n\n\n\n<p>In Q1, TT will add native support for order entry of Futures and Options on the Warsaw Stock Exchange (WSE).&nbsp;<\/p>\n\n\n\n<p>WSE is now available in the TT UAT environment for native order entry, and interested customers can reach out to their Onboarding representative for assistance in getting connected to WSE.&nbsp;<\/p>\n\n\n\n<p>Further details regarding TT\u2019s launch of WSE in Production will be announced in upcoming notices.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"krx-expansion-of-futures-spread-trading-hours\"><\/span><strong>KRX: Expansion of Futures Spread Trading Hours<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>April 22<\/strong><\/h5>\n\n\n\n<p>KRX has announced plans to expand the trading hours for all Futures Spreads with an effective date of April 22, 2024. There is no impact to the TT platform as TT servers are already scheduled to be running and available during the new, expanded times. All other availability other than server runtimes, including trading status, price display, order acceptance, etc are controlled fully on the exchange side.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"krx-shortening-the-trading-period-for-select-products\"><\/span><strong>KRX: Shortening the Trading Period for Select Products<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>April 22<\/strong><\/h5>\n\n\n\n<p>KRX has announced plans to reduce the number of expiration months for Sector Index Futures to 4 and for SSF to 6, thereby shortening the maximum trading period to 1 year. These changes have an effective date of April 22, 2024. Changes to TT applications are not required. Since instrument properties and specifications are controlled entirely by the exchange, all updates will be reflected on the TT platform automatically.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"krx-tick-size-amendment-for-block-trades-and-efps\"><\/span><strong>KRX: Tick Size Amendment for Block Trades and EFPs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>April 22<\/strong><\/h5>\n\n\n\n<p>KRX has announced plans to refine the tick sizes for KTB futures and currency futures with an effective date of April 22, 2024. Changes to TT applications are not required. Because Tick Size changes are routine instrument adjustments controlled by the exchange, all tick size changes will be updated on the TT platform automatically.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"sgx-service-release-12\"><\/span><strong>SGX: Service Release 12<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>April 29<\/strong><\/h5>\n\n\n\n<p>SGX has announced plans to deploy a new system update, \u201cTitan DT\/DC Service Release 12\u201d which includes security improvements and fixes to SGX\u2019s derivatives trading and clearing platform.&nbsp;<\/p>\n\n\n\n<p>There is no impact to the TT platform in SGX SR12. The exchange is adding a new field to their Fill\/TradeCaptureReport message but it\u2019s a message field which has no use or applicability on TT. The other changes being put into place for SR12 are entirely exchange-side.<\/p>\n\n\n\n<p>For TT customers there are no steps to take or tests to complete. There will be no change in functionality or platform behavior as a result of SR12.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"eurex-t7-121-upgrade\"><\/span><strong>Eurex T7 12.1 Upgrade<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>May 13<\/strong><\/h5>\n\n\n\n<p>Deutsche B\u00f6rse plans to introduce T7 Release 12.1 on May 13, 2024. Simulation access for T7 Release 12.1 is planned to start on March 25, 2024.&nbsp;<\/p>\n\n\n\n<p>Additional information from the exchange (including System documentation, circulars and timelines) is available on the T7 12.1 initiative page via the following link: <a href=\"https:\/\/www.eurex.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">www.eurex.com<\/a> > Support > Initiatives &amp; Releases > <a href=\"https:\/\/www.eurex.com\/ex-en\/support\/initiatives\/t7-release-12-1\" target=\"_blank\" rel=\"noreferrer noopener\">T7 Release 12.1<\/a>.\u00a0<\/p>\n\n\n\n<p>Further details onTT\u2019s plans for this upgrade will be communicated in the near future.<\/p>\n\n\n\n<p>The following are the anticipated milestones for this project:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Milestone<\/strong><\/td><td><strong>Expected Date<\/strong><\/td><td><strong>Delivered Date<\/strong><\/td><\/tr><tr><td>Exchange Upgrade Announcement<\/td><td>11\/8\/2023<\/td><td>11\/8\/2023<\/td><\/tr><tr><td>Exchange Preliminary Release Notes<\/td><td>12\/19\/2023<\/td><td>12\/19\/2023<\/td><\/tr><tr><td>Exchange Preliminary Specifications<\/td><td>TBD, March<\/td><td>2\/22\/2024<\/td><\/tr><tr><td>Exchange Simulation Available<\/td><td>3\/25\/2024<\/td><td><\/td><\/tr><tr><td>TT Deployment to UAT<\/td><td>4\/2\/2024<\/td><td><\/td><\/tr><tr><td>TT Impact Analysis (Draft)<\/td><td>4\/15\/2024<\/td><td><\/td><\/tr><tr><td>TT Delivery of Go-Live Plan<\/td><td>4\/15\/2024<\/td><td><\/td><\/tr><tr><td>Exchange Connectivity Test<\/td><td>5\/11\/2024<\/td><td><\/td><\/tr><tr><td>Exchange Go-Live<\/td><td>5\/13\/2024<\/td><td><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"sgx-industry-wide-bcp-exercise\"><\/span><strong>SGX: Industry-wide BCP Exercise<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>May 25<\/strong><\/h5>\n\n\n\n<p>SGX is conducting an Industry-Wide Business Continuity Planning Exercise scheduled for Saturday, May 25 2024. The exchange\u2019s goal is to validate its ability to recover and operate the market in the event of a data center failover scenario and to test its crisis communication capabilities. All Singapore-based Members are required to participate in this exercise.<\/p>\n\n\n\n<p>Additional details about connecting to TT for participation will be provided in due course as the exchange makes them available.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"lme-new-trading-platform\"><\/span><strong>LME: New Trading Platform<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>June<\/strong><\/h5>\n\n\n\n<p>LME will introduce a new API for Order Entry and Market Data, LMESelect v10, in Q2. Access is now available in the TT UAT environment.<\/p>\n\n\n\n<p>The following are the anticipated milestones for this project. Additional details on expected timelines for delivery will be based on the exchange launch date, which is still to be determined.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Milestone<\/strong><\/td><td><strong>Expected Date<\/strong><\/td><td><strong>Delivered Date<\/strong><\/td><\/tr><tr><td>TT Initial&nbsp;Deployment to UAT<\/td><td>December 11, 2023<\/td><td>December 11, 2023<\/td><\/tr><tr><td>TT Migration Guide (Draft)<\/td><td><\/td><td><\/td><\/tr><tr><td>Exchange Conformance Deadline<\/td><td><\/td><td><\/td><\/tr><tr><td>Exchange Dress Rehearsal 1 (TBC)<\/td><td><\/td><td><\/td><\/tr><tr><td>TT Migration Guide (Final)<\/td><td><\/td><td><\/td><\/tr><tr><td>TT Delivery of Go-Live Plan<\/td><td><\/td><td><\/td><\/tr><tr><td>Exchange Dress Rehearsal 2 (TBC)<\/td><td><\/td><td><\/td><\/tr><tr><td>Exchange Go-Live<\/td><td><\/td><td><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"gfo-x-new-market-for-cryptocurrency-derivatives\"><\/span><strong>GFO-X: New Market for Cryptocurrency Derivatives<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>Q2<\/strong><\/h5>\n\n\n\n<p>TT will support the GFO-X exchange, the UK&#8217;s first regulated and centrally cleared trading venue dedicated to digital asset derivatives, on launch in Q2, 2024.<\/p>\n\n\n\n<p>GFO-X&nbsp; is now available in the TT UAT environment, and interested customers can reach out to their Onboarding representative for assistance in getting connected to GFO-X.<\/p>\n\n\n\n<p>Further information will be provided in upcoming notices.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"hkex-self-match-prevention-service-enhancements\"><\/span><strong>HKEX: Self-Match Prevention Service Enhancements<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>Q2<\/strong><\/h5>\n\n\n\n<p>HKEX has announced enhancements to their Self-Match Prevention Service which will expand the methods of utilizing and accessing the SMP feature. The enhancements have a tentative Go Live date in Q2 2024.<\/p>\n\n\n\n<p>At this time, TT is evaluating the changes to the API and will communicate plans for support of these enhancements in the near future. The already-existing HKEX SMP implementation will continue to operate normally, with no changes, both before and after the rollout of the exchange\u2019s new enhancements.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"sgx-implementation-of-sgx-fx-futures-data-as-an-independent-data-module\"><\/span><strong>SGX: Implementation of SGX FX Futures Data as an Independent Data Module<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>July 1<\/strong><\/h5>\n\n\n\n<p>SGX has announced that starting from July 1, 2024 the exchange will implement an independent data module \u201cSGX FX Futures\u201d that will be comprised of SGX Instrument Groups \u201cFC\u201d, \u201cEC\u201d, \u201cEP\u201d and \u201cFFC.\u201d<\/p>\n\n\n\n<p>Upon completion of the change, all related SGX ticker symbols will be marketed and permissioned under SGX FX Futures as a standalone offering.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>TT Platform Impact<\/strong><\/h5>\n\n\n\n<p>This change brings no impact to the TT Platform or to customers and end-users of TT. Support for these changes is already in place and the SGX market data reporting processes already in place at TT today are compliant with the upcoming changes.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"sgx-gift-gift-connect-service-release-2\"><\/span><strong>SGX_GIFT: GIFT Connect Service Release 2<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>July 1&nbsp;<\/strong><\/h5>\n\n\n\n<p>SGX has announced plans to deploy a new system update, \u201cGIFT Connect Service Release 2\u201d with a target timeframe of July 1, 2023 for production release. TT will ensure full compatibility with the update. New details will be provided here in System News as they become available.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"tfex-new-currency-futures\"><\/span><strong>TFEX: New Currency Futures<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>Q2-Q3<\/strong><\/h5>\n\n\n\n<p>TFEX has announced plans for a production launch of the new Thailand Currency Futures with a tentative date of Q2-Q3. These are the same Currency Futures that were originally scheduled for launch in July of 2022 and Members already verified them during the 2022 IWT &#8211; MME testing.<\/p>\n\n\n\n<p>Since the TT platform was fully updated for handling the products prior to the 2022 IWT tests, no further software changes are required on the TT side at this time. The Product Codes are as follows:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>EUR\/THB Futures &#8211; \u201cEUR\u201d<\/li>\n\n\n\n<li>JPY\/THB Futures &#8211; \u201cJPY\u201d<\/li>\n<\/ul>\n\n\n\n<p>The exchange requires that Members verify the new Currency Futures in the TFEX \u201cNEXT-B\u201d Test Environment starting from September 4, 2023. Members may complete testing at any time (pending exchange availability of the feature) in the TT UAT \u201cTFEX_DEV\u201d Environment.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"jse-release-77-self-match-prevention\"><\/span><strong>JSE Release 7.7 : Self-Match Prevention<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>H2<\/strong><\/h5>\n\n\n\n<p>JSE has announced Release 7.7 , also referred to as MIT Upgrade 2024, which will occur in the latter half of 2024. Specifications and specific details are not yet available from the exchange.&nbsp; The JSE release 7.7 summary can be found here:<\/p>\n\n\n\n<p><a href=\"https:\/\/clientportal.jse.co.za\/Content\/JSEHotlinesItems\/JSE%20Service%20Hotline%2003624%20EDM%20EQM%20and%20FXM%20-%20JSE%20Trading%20-%20MIT%20Upgrade%202024%20v1.0%20(Attachment).pdf\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/clientportal.jse.co.za\/Content\/JSEHotlinesItems\/JSE%20Service%20Hotline%2003624%20EDM%20EQM%20and%20FXM%20-%20JSE%20Trading%20-%20MIT%20Upgrade%202024%20v1.0%20(Attachment).pdf<\/a><\/p>\n\n\n\n<p>Of particular note, this release will include the introduction of Self-Match Prevention functionality. Once specifications become available, TT will evaluate requirements for implementation and advise on timelines.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"mx-api-upgrade-client-identifiers\"><\/span><strong>MX API Upgrade: Client Identifiers<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>Q3<\/strong><\/h5>\n\n\n\n<p>MX has announced a SAIL protocol upgrade (B4), with a soft launch date of June 28, 2024, and a production cutoff date of October 1st.<\/p>\n\n\n\n<p>This upgrade includes the introduction of client identifier fields such as Short Code, UniqueID, Sponsored Access Flag, and Algo Trading Flag for regulatory compliance. TT plans to support these fields, and is currently completing requirements prior to the start of development. Additional details on implementation details will be provided in due course.<\/p>\n\n\n\n<h6 class=\"wp-block-heading\"><em>Additional Resources<\/em><\/h6>\n\n\n\n<p><a href=\"https:\/\/reg.m-x.ca\/en\/requirements\/client-and-order-identifiers\" target=\"_blank\" rel=\"noreferrer noopener\">MX Client and Order Identifiers<\/a><\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"jpx-change-of-derivatives-market-trading-hours\"><\/span><strong>JPX: Change of Derivatives Market Trading Hours<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>November 5<\/strong><\/h5>\n\n\n\n<p>JPX has announced that starting from November 5 there will be a change of trading Hours for the Exchange Derivatives Market due to extension of Trading Hours at TSE. Details about changes to the TT platform and availability of testing in UAT will be posted here in System News as they emerge.<\/p>\n","protected":false},"author":93,"parent":0,"template":"","class_list":["post-100186","support","type-support","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/tradingtechnologies.com\/wp-json\/wp\/v2\/support\/100186","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingtechnologies.com\/wp-json\/wp\/v2\/support"}],"about":[{"href":"https:\/\/tradingtechnologies.com\/wp-json\/wp\/v2\/types\/support"}],"author":[{"embeddable":true,"href":"https:\/\/tradingtechnologies.com\/wp-json\/wp\/v2\/users\/93"}],"version-history":[{"count":0,"href":"https:\/\/tradingtechnologies.com\/wp-json\/wp\/v2\/support\/100186\/revisions"}],"wp:attachment":[{"href":"https:\/\/tradingtechnologies.com\/wp-json\/wp\/v2\/media?parent=100186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}