{"id":90600,"date":"2020-11-02T09:20:08","date_gmt":"2020-11-02T15:20:08","guid":{"rendered":"https:\/\/tradingtechno3.wpenginepowered.com\/?post_type=support&p=90600"},"modified":"2020-11-02T09:20:09","modified_gmt":"2020-11-02T15:20:09","slug":"sgx-open-position-migration-from-msci-tw-to-ftse-twn-cme-changes-to-cross-functionality-for-certain-cbot-and-cme-products-cme-ilink-enhancements-for-location-id-and-display-quantity-and-more","status":"publish","type":"support","link":"https:\/\/tradingtechnologies.com\/support-updates\/sgx-open-position-migration-from-msci-tw-to-ftse-twn-cme-changes-to-cross-functionality-for-certain-cbot-and-cme-products-cme-ilink-enhancements-for-location-id-and-display-quantity-and-more\/","title":{"rendered":"SGX Open Position Migration from MSCI TW to FTSE TWN, CME Changes to Cross Functionality for Certain CBOT and CME Products, CME iLink Enhancements for Location ID and Display Quantity, and More"},"content":{"rendered":"\n

<\/span>SGX: Open Position Migration from MSCI TW to FTSE TWN<\/strong><\/span><\/h4>\n\n\n\n
October 30<\/strong><\/h5>\n\n\n\n

SGX will be migrating all open positions in MSCI TW after the end of the T Session on Friday, October 30, to FTSE TWN. TT will not support this programmatically, so customers who wish to take advantage of this will need to carry out the process manually by completing the following:<\/p>\n\n\n\n\n\n\n\n

X_TRADER\u00ae Platform Impact<\/strong>
Customers should create SOD records manually in FTSE TWN that correspond to all open positions in MSCI TW. Additionally, all open positions for MSCI TW should be offset by publishing new MSCI TW SOD records such that the resulting net qty becomes zero. Customer back office records will reflect the migration when they get their clearing statement.\u00a0<\/p>\n\n\n\n

In order to create SODs, the X_Risk application, along with Administrative credentials is needed. Customers who do not currently use X_Risk should contact their Customer Success Manager for assistance.<\/p>\n\n\n\n

TT\u00ae Platform Impact<\/strong>
Customers should create SOD records manually in FTSE TWN that correspond to all open positions in MSCI TW. Additionally, all open positions for MSCI TW should be offset by publishing new MSCI TW SOD records such that the resulting net qty becomes zero. Customer back office records will reflect the migration when they get their clearing statement.<\/p>\n\n\n\n

<\/span>CME: Changes to Cross Functionality for Certain CBOT and CME Products<\/strong><\/span><\/h4>\n\n\n\n
November 8<\/strong><\/h5>\n\n\n\n

Effective Sunday, November 8 (trade date Monday, November 9), and pending all relevant regulatory review periods, with the exception of dairy products, the R-Cross functionality for CME and CBOT agriculture futures and CBOT agriculture options on CME Globex will not be supported. CME will support C-Cross functionality for these products, which is not yet supported by TT.<\/p>\n\n\n\n

X_TRADER and TT Platform Impacts<\/strong>
R-Cross functionality will only be available for dairy products.<\/p>\n\n\n\n

Additional Resources<\/em>
Globex Notice October 22, 2020<\/a><\/p>\n\n\n\n

<\/span>CME: iLink Enhancements for Location ID and Display Quantity<\/strong><\/span><\/h4>\n\n\n\n
November 15<\/strong><\/h5>\n\n\n\n

Effective Sunday, November 15 (trade date Monday, November 16), CME Group will implement iLink changes to Location ID and Displayed Quantity Order Modification for both Convenience Gateway(CGW) and Market Segment Gateway(MGSW) sessions. These changes as described below are available in DDE and UAT for customer testing.<\/p>\n\n\n\n

Location ID<\/em>
To accurately reflect Location ID sent by client system, CME Globex will return the Location ID value on the iLink Execution Report – Cancel<\/a> (tag 35-MsgType=8 & tag 39-OrdStatus =4) message from the Location ID on the Order Cancel Request (tag 35-MsgType=F) message. Currently, the iLink Execution Report – Cancel<\/a> contains the Location ID value from the original order. <\/p>\n\n\n\n

X_TRADER Platform Impact\u00a0<\/strong>
Tag 143-TargetLocationID on the ER-Cancel message will contain the locationID value from the Order Cancel Request message.<\/p>\n\n\n\n

TT Platform Impact\u00a0<\/strong>
Tag 143-TargetLocationID on iLink2 and Tag 9537-Location on iLink3 on the ER-Cancel message will contain the locationID value from the Order Cancel Request message.<\/p>\n\n\n\n

Displayed Quantity Order Modification<\/em>
To better align with BrokerTec markets, iLink customers will no longer be able to modify the resting Displayed Quantity orders to the Non-Displayed Quantity orders, and vice versa.   Currently, CME Globex allows this Displayed Quantity order modification for Futures and Options markets.  With the change, CME Globex will validate display quantity value on  iLink messages.   Any resting Displayed Quantity order modified to become a Non-Display Quantity order, and vice versa, will be rejected. CME Globex will send an Execution Report-Reject (tag 35-MsgType=8, tag 39-OrdStatus=8) message including tag 103-OrdRejReason=5102 and tag 58-Text=<Modification of orders from Iceberg to Non-iceberg & vice-versa is not allowed>.<\/p>\n\n\n\n

X_TRADER Platform Impact\u00a0<\/strong>
Tag 210-MaxShow will be impacted as noted above.<\/p>\n\n\n\n

TT Platform Impact\u00a0<\/strong>
Tag 210-MaxShow on iLink2 and Tag 1138-DisplayQty on iLink3 will be impacted as noted above.<\/p>\n\n\n\n

<\/span>[UPDATED] CME: Mandatory iLink 3 Binary Order Entry Protocol for MSGW and BrokerTec Migration<\/strong><\/span><\/h4>\n\n\n\n
Q4 <\/strong><\/h5>\n\n\n\n

CME Group will be launching iLink 3, a new order-entry protocol for trading futures, options and BrokerTec products on CME Globex. All customers connected via Market Segment Gateway (MSGW) are encouraged to migrate to iLink 3 as early as possible prior to the iLink decommission. iLink 2 and iLink 3 for MSGW will run in parallel until February 26, 2021, and at that time will incur additional charges by CME. On March 28, 2021, iLink 2.0 for MSGW will be decommissioned. <\/p>\n\n\n\n

BrokerTec products will migrate to CME in Production on December 7 and will only be available on iLink 3 MSGW. Customers will need to obtain a dedicated iLink Session ID to be used for only the BrokerTec market segment. CGW will remain on iLink 2 and will not be impacted.<\/p>\n\n\n\n

MSGW iLink3 for CME products is now available in UAT for customer testing. BrokerTec products will be available in upcoming weeks and communicated in future updates.<\/p>\n\n\n\n

CME will be holding Saturday Mock Sessions for BrokerTec. We plan to participate in testing in Production on the following dates:<\/p>\n\n\n\n