{"id":94589,"date":"2022-04-14T14:58:31","date_gmt":"2022-04-14T19:58:31","guid":{"rendered":"https:\/\/tradingtechno3.wpenginepowered.com\/?post_type=support&#038;p=94589"},"modified":"2022-04-14T15:02:38","modified_gmt":"2022-04-14T20:02:38","slug":"ice-three-month-euribor-futures-packs-and-bundles-price-methodology-change-tfex-external-crisis-test-and-more","status":"publish","type":"support","link":"https:\/\/tradingtechnologies.com\/support-updates\/ice-three-month-euribor-futures-packs-and-bundles-price-methodology-change-tfex-external-crisis-test-and-more\/","title":{"rendered":"ICE: Three Month Euribor Futures Packs and Bundles Price Methodology Change, TFEX: External Crisis Test, and More"},"content":{"rendered":"\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"ice-three-month-euribor-futures-packs-and-bundles-price-methodology-change\"><\/span><strong>ICE: Three Month Euribor Futures Packs and Bundles Price Methodology Change<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>April 18<\/strong><\/h5>\n\n\n\n<p>ICE is introducing the change to the pricing methodology of Three Month Euribor\u00ae Futures Packs and Bundles Strategy (\u201cthe Strategy\u201d). This change will be effective from Monday 18 April 2022. The minimum price increment for the Strategy will be 0.00125 index points. The change in the minimum price increment will impact the prices for the order entry, book updates and the settlement prices.<\/p>\n\n\n\n<p>TT will automatically handle the changes to the minimum price increment for the affected Strategy instruments. The changes are already available in the UAT environment and can be tested now by the interested customers.<\/p>\n\n\n\n<!--more-->\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"tfex-external-crisis-test\"><\/span><strong>TFEX: External Crisis Test<\/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>TFEX has scheduled an External Crisis Test which will take place in the TFEX STAGE environment on April 22 starting from 18:00 ICT. Because participation is mandatory for all Brokers TT will provide access to the test in the UAT Environment. Please note that on the day of the test, UAT TFEX will be available for the Crisis Test only from 15:30 onward. All questions and concerns specific to test guidelines or procedures should be directed to&nbsp; <a href=\"mailto:SETContactCenter@set.or.th\">SETContactCenter@set.or.th<\/a>.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>TT Platform Impact<\/strong><\/h5>\n\n\n\n<p>All participating Brokers are required to prepare a STAGE Environment Connection in TTUS in advance of the test. The new connection should be enabled at the start of the Crisis Test and then disabled upon completion. At the end of the Crisis Test, all original Connections that were previously used for routine testing should be returned to normal operation along with all of their original settings.<\/p>\n\n\n\n<p>For connecting to the Crisis Test, TFEX requires the following:<\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>STAGE Test Environment IP and Port:<ol><li>Primary &#8211; 10.232.6.31:6974<\/li><li>Secondary &#8211;&nbsp; 10.232.6.32:6974<\/li><\/ol><\/li><li>Username must be the same as the one used in Production.<\/li><li>Password must be set to ffffff@2<\/li><\/ol>\n\n\n\n<p>For questions or concerns specific to Connection setup and configuration, please contact your TT service representative.<\/p>\n\n\n\n<h6 class=\"wp-block-heading\"><em>Additional Resources<\/em><\/h6>\n\n\n\n<p><a href=\"https:\/\/www.set.or.th\/contactcenter\/html\/ct\/ctresult.html\" target=\"_blank\" rel=\"noreferrer noopener\">Test Script<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.setportal.set.or.th\/teleconference\" target=\"_blank\" rel=\"noreferrer noopener\">Teleconference (Apr 20 \u2013 21, 14:00 \u2013 16:00 ICT)<\/a><\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"hkex-derivatives-holiday-trading\"><\/span><strong>HKEX: Derivatives Holiday Trading<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>May 9<\/strong><\/h5>\n\n\n\n<p>HKEX has announced the introduction of Derivatives Holiday Trading with a launch date of <strong>May 9<\/strong> 2022 *. This new exchange initiative will allow all MSCI Futures and Options to be traded on Hong Kong public holidays. Schedules will be adjusted to ensure platform availability during holidays, but other software changes for supporting Holiday Trading are not required.<\/p>\n\n\n\n<p>(*) Note that HKEX\u2019s initial Derivatives Holiday Trading announcement provisioned for a launch date of April 15, but the date was moved to May 9 as per exchange circular MO\/DT\/057\/22.&nbsp;<\/p>\n\n\n\n<h6 class=\"wp-block-heading\"><em>Additional Resources<\/em><\/h6>\n\n\n\n<p><a href=\"https:\/\/www.hkex.com.hk\/Services\/Trading\/Derivatives\/Overview\/Trading-Mechanism\/Derivatives-Holiday-Trading\" target=\"_blank\" rel=\"noreferrer noopener\">HKEX Derivatives Holiday Trading Portal<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.hkex.com.hk\/-\/media\/HKEX-Market\/Services\/Circulars-and-Notices\/Participant-and-Members-Circulars\/HKFE\/2022\/MO_DT_057_22_e.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Exchange Circular MO\/DT\/057\/22<\/a><\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"euronext-data-center-migration\"><\/span><strong>Euronext: Data Center Migration<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>June 6<\/strong><\/h5>\n\n\n\n<p>From the exchange:<\/p>\n\n\n\n<h6 class=\"wp-block-heading\"><em>Euronext is planning to migrate its trading chain and colocation services from its current Data Centre in Basildon, UK, to the Aruba Global Cloud Data Centre IT3 in Bergamo, Italy, in Q2 2022. The move is subject to regulatory approval and operational readiness.<\/em><\/h6>\n\n\n\n<p><strong>Timeline<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>3 March 2022: Start of technical testing phase to Next EUA platform in Aruba; connectivity testing from London PoPs available<\/li><li>4 April 2022: Start of technical testing phase to Euronext DR site<\/li><li>7 April 2022: Go-Live of Next EUA environment in Aruba; functional and technical testing available from London PoPs<\/li><li>23 April 2022: Dress Rehearsal #1<\/li><li>6 June 2022: Go-Live of Aruba DC-IT3 as Primary Data Centre for all Cash &amp; Derivatives markets<\/li><\/ul>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>TT Platform Impact<\/strong><\/h5>\n\n\n\n<p>TT is currently in the process of completing Technical Testing in the \u201cNew Production\u201d environment. Once completed, we will submit the \u201cTest Form Unicast and Multicast &#8211; New Production Environment &#8211; Aruba Data Centre\u201d form to the exchange, and will also provide customers with a copy for submission, if needed.<\/p>\n\n\n\n<p>TT intends to participate in Dress Rehearsal #1 on April 23, and all interested customers should plan to test on that date.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"cme-brokertec-dr-test\"><\/span><strong>CME BrokerTec: DR Test<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>June 11<\/strong><\/h5>\n\n\n\n<p>To help ensure readiness and provide an opportunity to test connectivity to DR systems, CME will hold Disaster Recovery (DR) Failover testing for BrokerTec US Markets on June 11, 2022.<\/p>\n\n\n\n<p>This test will provide customers with a chance to test TT production connectivity to BrokerTec\u2019s DR engines and customer gateways.&nbsp;<\/p>\n\n\n\n<p>Customers must register by June 5th, and each individual participant that will test must register with the login ID they will use (GFID and GUS) so it can be permissioned for Saturday testing.&nbsp;<\/p>\n\n\n\n<p>The market will open at 9:00am ET and close at 11:00am ET on Saturday, May 7, or sooner should all registered firms complete testing before the scheduled close. The test window may be kept open through 12:00pm ET should any firms require additional time to test.&nbsp;<\/p>\n\n\n\n<h6 class=\"wp-block-heading\"><em>Additional Resources<\/em><\/h6>\n\n\n\n<p><a href=\"https:\/\/www.cmegroup.com\/globex\/files\/btec\/btec-mock-script-june11.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">CME BrokerTec Disaster Recovery Test Script<\/a><\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"updated-eurex-next-generation-etd-contracts\"><\/span><strong>[Updated] Eurex: Next Generation ETD Contracts<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>February 6 2023<\/strong><\/h5>\n\n\n\n<p>Eurex is aiming to introduce a more flexible set-up of Exchange Traded Derivatives (ETD) products by implementing an enhanced contract identification concept in June 2022 allowing more than one expiration per month on product level (sub-monthly contracts).<\/p>\n\n\n\n<p>New features, changes and improvements:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Integration of Weekly Expiring Instruments on Product Level<\/li><li>Volatility Strategies in Single Stock Options<\/li><li>Market-On-Close Futures T+X (Basis Trading in Equity Index Futures)<\/li><\/ul>\n\n\n\n<p>Weekly contracts will follow the new format of DDMMYYYY (current format: MMYYY), and will be listed under the same Product symbol as the Monthly contracts.&nbsp;<\/p>\n\n\n\n<p>Example: OEB1, OEB2, OEB3, OEB4 will be listed under the OESB Product Symbol, and will be sequentially integrated.&nbsp;<\/p>\n\n\n\n<p>Monthly Option: OESB Sep22<\/p>\n\n\n\n<p>Sub-monthly Options, Week 1-5): OESB Sep22-W1Fr, OESB Sep22-W2Fr, OESB Sep22-W3Fr, OESB Sep22-W4Fr, OESB Sep22-W5Fr<\/p>\n\n\n\n<p>The sub-monthly contracts will be rolling out in two waves in Simulation.&nbsp;<\/p>\n\n\n\n<p>Wave 1: Activation of sub-monthly expiring contracts, will be available when TT opens UAT for customer testing targeted to April:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Integration of all weekly expiring contracts in option NOA3<\/li><li>Daily expiring contracts in SSF AXAP, BAYP, NO3P<\/li><li>Daily expiring contracts in MSCI Futures FMEA, FMWN<\/li><\/ul>\n\n\n\n<p>Wave 2: Activation of sub-monthly expiring contracts will be available on the following:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>May DD: Daily expiring contracts in MSCI Futures FMWO, FMJP, FMEF<\/li><li>May DD+2: Integration of all weekly expiring contracts in option OESX<\/li><li>May DD+7: Daily expiring contracts in SSF ADSP, BMWP, ROGP, UBSP<\/li><\/ul>\n\n\n\n<p>The Production Launch will occur over the following:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>July 18th (3rd Friday expiration in July): Activation of daily expiring contracts in all MSCI Futures<\/li><li>July 25th (4th Friday expiration in July): Activation of integrated weekly and end-of-month expiring contracts in all relevant options including OESX<\/li><li>August 1: (5th Friday expiration in July): Activation of daily expiring physically settled SSFs supporting delta neutral options trading<\/li><\/ul>\n\n\n\n<p>Market on Close T+X will be eligible for MSCI Futures. An example is the following:<\/p>\n\n\n\n<p>On T, Client trades the calendar between the daily future (T+1) and the standard future. After the T+1 session, the index close of T+1 is published by MSCI. On T+2, the T+1 index close is entered as the Final Settlement Price for the daily future. At the end, the Client has paid basis + index close for the standard future.&nbsp;<\/p>\n\n\n\n<h6 class=\"wp-block-heading\"><em>Additional Resources<\/em><\/h6>\n\n\n\n<p><a href=\"https:\/\/www.eurex.com\/ec-en\/support\/initiatives\/project-readiness\/Next-Generation-ETD-Contracts-2562820\" target=\"_blank\" rel=\"noreferrer noopener\">Eurex Circular<\/a><\/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>July 18<\/strong><\/h5>\n\n\n\n<p>TFEX has announced the introduction of four new Currency Futures with a tentative launch date of July 18, 2022. The Product Codes will be listed as follows:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>EUR\/THB Futures &#8211; \u201cEUR\u201d<\/li><li>JPY\/THB Futures &#8211; \u201cJPY\u201d<\/li><li>EUR\/USD Futures &#8211; \u201cEURUSD\u201d<\/li><li>USD\/JPY Futures &#8211; \u201cUSDJPY\u201d<\/li><\/ul>\n\n\n\n<p>Starting from May 2, the new products will be available in UAT for testing and also for access by Brokers for the purpose of verification and submission of the readiness survey to the exchange.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"fia-execution-source-code-schema-initiative-tag-1031\"><\/span><strong>FIA: Execution Source Code Schema Initiative (Tag 1031)&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>Timeline Varies by Exchange<\/strong><\/h5>\n\n\n\n<p>Multiple exchanges, in cooperation with the FIA Execution Source Code Schema Initiative, are moving forward with plans to implement FIX tag 1031 (CustOrderHandlingInst) on their APIs.<\/p>\n\n\n\n<h6 class=\"wp-block-heading\"><em>Exchange-Specific Plans<\/em><\/h6>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>CME: <\/strong>Tag 1031 is supported and is mandatory.<\/li><li><strong>ICE: <\/strong>Tag 1031 is supported, but not required.&nbsp;<\/li><li><strong>Eurex: <\/strong>Tag 1031 is supported, but not required.&nbsp;<\/li><li><strong>CurveGlobal\/IDEM<\/strong>: Tag 1031 is supported, but is not required.<\/li><\/ul>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>TT Platform Impact<\/strong><\/h5>\n\n\n\n<p>For CME, tag 1031 is now available for use in Production. Customers should select a valid value in Setup or set Order Tag Defaults.&nbsp;<\/p>\n\n\n\n<p>For ICE, tag 1031 is now available for use in Production. Customers should select a valid value in Setup or set Order Tag Defaults to send the value to the exchange. Customers can choose not to select any value as this is an optional field for ICE.<\/p>\n\n\n\n<p>For Eurex, support of tag 1031 on the TT platform is now available. Customers should select a valid value in Setup or set Order Tag Defaults to send the value to the exchange. Customers can choose not to select any value as this is an optional field for Eurex. On the X_TRADER platform, tag 1031 is not currently supported.<\/p>\n\n\n\n<p>For CurveGlobal and IDEM, support for tag 1031 was added on February 3 for both exchanges.<\/p>\n\n\n\n<h6 class=\"wp-block-heading\"><em>Additional Resources<\/em><\/h6>\n\n\n\n<p><a href=\"https:\/\/www.fia.org\/sites\/default\/files\/2019-05\/FIA-Indirect-Clearing-Infosheet.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">FIA Indirect Clearing Documentation<\/a><\/p>\n","protected":false},"author":101,"parent":0,"template":"","class_list":["post-94589","support","type-support","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/tradingtechnologies.com\/wp-json\/wp\/v2\/support\/94589","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\/101"}],"version-history":[{"count":0,"href":"https:\/\/tradingtechnologies.com\/wp-json\/wp\/v2\/support\/94589\/revisions"}],"wp:attachment":[{"href":"https:\/\/tradingtechnologies.com\/wp-json\/wp\/v2\/media?parent=94589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}