{"id":94843,"date":"2022-07-08T12:41:48","date_gmt":"2022-07-08T17:41:48","guid":{"rendered":"https:\/\/tradingtechno3.wpenginepowered.com\/?post_type=support&#038;p=94843"},"modified":"2022-07-08T12:54:11","modified_gmt":"2022-07-08T17:54:11","slug":"sgx-gift-city-mock-trading-sgx-gift-city-market-launch-and-more","status":"publish","type":"support","link":"https:\/\/tradingtechnologies.com\/support-updates\/sgx-gift-city-mock-trading-sgx-gift-city-market-launch-and-more\/","title":{"rendered":"SGX: Gift City Mock Trading, SGX: Gift City Market Launch, and More"},"content":{"rendered":"\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"sgx-gift-city-mock-trading\"><\/span><strong>SGX: Gift City Mock Trading<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>July 9<\/strong><\/h5>\n\n\n\n<p>In preparation for the launch of SGX Gift City, the exchange will conduct a Mock Trading Test in the Production Environment on July 9, 2022, according to the following schedule which was <strong>updated as of July 7:<\/strong> 2:30 p.m. until 7:30 p.m. SGT.<\/p>\n\n\n\n<p>Test details and test scripts are available in the Additional Resources section below. The TT platform will be available and online in accordance with the schedule above.<\/p>\n\n\n\n<p><strong>NOTE: <\/strong>If Members have any Login ID(s) for which the July 9 Mock Session will be the first time ever logging into the exchange, TT asks that this information please be reported to TT to ensure proper password handling after the end of the Mock.<\/p>\n\n\n\n<h6 class=\"wp-block-heading\"><em>Additional Resources<\/em><\/h6>\n\n\n\n<p><a href=\"https:\/\/api2.sgx.com\/sites\/default\/files\/2022-07\/Gift%20Connect%20Newsletter%20%236%20-%20Mock%20Trading%20Updates.pdf?destination=\/media\/65500\" target=\"_blank\" rel=\"noreferrer noopener\">GIFT Connect Newsletter #6 &#8211; Mock Trading Updates<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/api2.sgx.com\/sites\/default\/files\/2022-07\/Gift%20Mock%20Trading%20Test%20Plan%20Overview_v2.docx?destination=\/media\/65497\" target=\"_blank\" rel=\"noreferrer noopener\">GIFT Mock Trading Test Plan Overview<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/api2.sgx.com\/sites\/default\/files\/2022-07\/GIFT%20Mock%20-%20Appendix%201%20-%20Test%20Plan%20for%20Trading_v2.docx?destination=\/media\/65498\" target=\"_blank\" rel=\"noreferrer noopener\">GIFT Mock Trading &#8211; Appendix 1 &#8211; Test Plan for Trading Participant<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/api2.sgx.com\/sites\/default\/files\/2022-07\/GIFT%20Mock%20-%20Appendix%202%20-%20Test%20Plan%20for%20Clearing_v2.docx?destination=\/media\/65499\" target=\"_blank\" rel=\"noreferrer noopener\">GIFT Mock Trading &#8211; Appendix 2 &#8211; Test Plan for Clearing Participant<\/a><\/p>\n\n\n\n<!--more-->\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"sgx-gift-city-market-launch\"><\/span><strong>SGX: Gift City Market Launch<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>July 15<\/strong><\/h5>\n\n\n\n<p>SGX and NSE IFSC announced their partnership in 2019, which is now culminating in the launch of the SGX Gift City market, providing SGX members with offshore access to the NSE Nifty market on a new platform that is mutually beneficial to both exchanges. As per the official exchange announcement on June 24, 2022, the launch of GIFT Connect has been revised from July 22, 2022 to July 15, 2022.<\/p>\n\n\n\n<p>TT is currently preparing for the launch with the introduction of our new \u201cSGX_GIFT\u201d market, which is now available for testing in the UAT test environment.<\/p>\n\n\n\n<p>For detailed information about SGX Gift City on the TT Platform, please refer to the <a href=\"https:\/\/library.tradingtechnologies.com\/downloads\/SGX_GIFT_User_Guide.pdf\">SGX Gift City User Guide<\/a>. This document contains several <strong>new, important updates as of July 8,<\/strong> and TT recommends that all users be sure to review carefully.<\/p>\n\n\n\n<p>Please note also that on July 1, the exchange sent a PDF document entitled \u201c<a href=\"https:\/\/api2.sgx.com\/sites\/default\/files\/2022-07\/Gift%20Connect%20-%20Technical%20Advisory%20Notes%20%233.3.pdf?destination=\/media\/65139\" target=\"_blank\" rel=\"noreferrer noopener\">SGX-ICI GIFT Connect Technical Advisory Notes<\/a>\u201d to all Members. TT strongly encourages all users to read the document carefully as the information therein impacts all trading on the SGX Gift Connect platform.<\/p>\n\n\n\n<h6 class=\"wp-block-heading\"><em>Additional Resources<\/em><\/h6>\n\n\n\n<p><a href=\"https:\/\/www.nseindia.com\/resources\/nse-gift-city-sgx\" target=\"_blank\" rel=\"noreferrer noopener\">Inauguration of SGX&#8217;s GIFT City office and the launch of GIFT Data Connect<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/api2.sgx.com\/sites\/default\/files\/2022-07\/Gift%20Connect%20Newsletter%20%236%20-%20Mock%20Trading%20Updates.pdf?destination=\/media\/65500\" target=\"_blank\" rel=\"noreferrer noopener\">GIFT Connect Newsletter #6 &#8211; Mock Trading Updates<\/a><\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"eurex-correction-of-eex-segment-mic\"><\/span><strong>Eurex: Correction of EEX Segment MIC<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>July 17<\/strong><\/h5>\n\n\n\n<p>TT has fixed an issue where the product database was storing EEX Operating MIC codes instead of Segment MIC codes. EEX MIC codes will change from XEEE to XEER. This change was made in UAT on June 16, 2022.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"cme-changes-to-silver-and-copper-weekly-monday-and-wednesday-options-resting-order-eliminations\"><\/span><strong>CME: Changes to Silver and Copper Weekly Monday and Wednesday Options: Resting Order Eliminations<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>August 8<\/strong><\/h5>\n\n\n\n<p>Effective Sunday, August 7 (trade date Monday, August 8) pending regulatory approval, the match algorithm for silver and copper weekly Monday and Wednesday options will be amended.&nbsp;<\/p>\n\n\n\n<p>To facilitate this change, customers should cancel all Good \u2018Til Cancel (GTC) and Good \u2018Til Date (GTD) orders for these contracts by the close on Friday, August 5. After 16:00 CT on Friday, August 5, any remaining GT orders on these markets will be removed by CME.<\/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\/notices\/electronic-trading\/2022\/06\/20220627.html#cscwmwo\" target=\"_blank\" rel=\"noreferrer noopener\">Globex Notices June 27, 2022<\/a><\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"tfex-new-trading-system-iwt\"><\/span><strong>TFEX: New Trading System IWT<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>August 8<\/strong><\/h5>\n\n\n\n<p>TFEX has announced the start of IWT for their next generation trading system. IWT for the TFEX Derivatives market begins on August 8 2022 and participation is mandatory for all Brokers.<\/p>\n\n\n\n<p>TT is currently working to prepare access to the IWT Testing system via our UAT test environment. Details about how to prepare for IWT and access the environment are provided in the <a href=\"https:\/\/library.tradingtechnologies.com\/downloads\/TFEX_System_Upgrade_Migration_Guide.pdf\">TFEX Trading System Upgrade Migration Guide<\/a>.<\/p>\n\n\n\n<p>All customers participating in IWT should contact the exchange Member Readiness Team (<a href=\"mailto:MME_MemberReadiness@set.or.th\">MME_MemberReadiness@set.or.th<\/a>) directly to make arrangements.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"sgx-titan-industry-wide-bcp-exercise\"><\/span><strong>SGX Titan: Industry-wide BCP Exercise<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>August 27<\/strong><\/h5>\n\n\n\n<p>SGX is conducting an Industry-Wide Business Continuity Planning Exercise scheduled for Saturday, 27 August 2022. All Singapore-based Securities and Derivatives Trading, and Clearing 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.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"cme-dr-datacenter-migration-and-test\"><\/span><strong>CME: DR Datacenter Migration and Test<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>September 10<\/strong><\/h5>\n\n\n\n<p>CME is announcing the move and upgrade of the backup datacenter. To ensure customers can connect to the new backup datacenter, CME will hold a Mock Disaster Recovery Test on Saturday, September 10.&nbsp;<\/p>\n\n\n\n<p>Please note: TT will remain in our Production Environment for this test.<\/p>\n\n\n\n<p>Customers must register in advance to participate.<\/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\/notices\/electronic-trading\/2022\/06\/20220627.html#cgcsdc\" target=\"_blank\" rel=\"noreferrer noopener\">Globex Notices June 30, 2022<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.cmegroup.com\/content\/dam\/cmegroup\/notices\/electronic-trading\/2022\/06\/coresitedrmock.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Mock Trading Script<\/a><\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"jpx-introduction-of-holiday-trading\"><\/span><strong>JPX: Introduction of Holiday Trading<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>September 20<\/strong><\/h5>\n\n\n\n<p>JPX has announced the introduction of Holiday Trading with a launch date of September 20 2022. This new exchange initiative will allow trading during Japan public holidays for Index Futures and Options and all Commodity Futures and Options (including TOCOM products). Securities Options, JGB Futures and Options on JGB Futures will not be tradable during holidays.<\/p>\n\n\n\n<p>For support of order management and trading during holidays, changes to TT Order Connector (OC) are currently in progress and will be deployed to UAT for testing as soon as possible. To ensure correct display of trading status during holidays, a TT Market Data Server (MDS) change is needed. This MDS change is now available for testing in UAT.<\/p>\n\n\n\n<p>For detailed information about JPX Holiday Trading on the TT Platform, please refer to the <a href=\"https:\/\/library.tradingtechnologies.com\/downloads\/JPX_Holiday_Trading_on_TT.pdf\">JPX Holiday Trading document<\/a>. This document will be kept up to date with the latest information as it becomes available, so customers are encouraged to check periodically to get the newest updates.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"jpx-system-reboot\"><\/span><strong>JPX: System Reboot<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>September 20<\/strong><\/h5>\n\n\n\n<p>JPX has announced the introduction of Recovery by system reboot with a launch date of September 20 2022. This new exchange initiative is to allow the exchange to resume trading following certain failure scenarios. JPX is rolling this out as a response to Arrowhead failures experienced by the exchange during the 2021 Calendar year.<\/p>\n\n\n\n<p>TT Platform will fully support all elements of the System Reboot process including all sequence number changes, settlement price updates and post-reboot order workflow. TT Business and Engineering Teams will coordinate efforts to verify correct platform response during the pre-scheduled test environment weekday test events.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"fia-industry-wide-testing\"><\/span><strong>FIA: Industry-Wide Testing<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>October 15<\/strong><strong><br><\/strong><\/h5>\n\n\n\n<p>The Futures Industry Association will sponsor its annual Industry-Wide Disaster Recovery Testing (IWT) on Saturday, October 15. We will facilitate customer participation for registered TT platform customers.&nbsp;<\/p>\n\n\n\n<p>Testing is available on the following exchanges:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>CFE&nbsp;<\/li><li>CME&nbsp;<\/li><li>Eurex&nbsp;<\/li><li>Euronext<\/li><li>ICE&nbsp;<\/li><li>Montr\u00e9al Exchange<\/li><li>Nodal<\/li><\/ul>\n\n\n\n<p>Customers who plan to participate in the FIA IWT should contact their Onboarding Manager to register for testing and provide exchanges that will be tested along with Connection_IDs that will be used during the test.<\/p>\n\n\n\n<p>Ping\/telnet tests for CFE, CME and ICE exchanges will be completed by TT staff as required.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"ice-mandatory-migration-from-lma-to-im-sma\"><\/span><strong>ICE: Mandatory Migration from LMA to IM-SMA<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>December 31<\/strong><\/h5>\n\n\n\n<p>ICE has started the process of phasing out Locally Managed Accounts (\u201cLMAs\u201d) by introducing a new set-up feature, called Independently-Managed System Managed Account (\u201cIM SMA\u201d), in the ICE Clearing Admin tool which is designed to replace LMAs. The timeline for the migration has been set to the&nbsp; year-end.<\/p>\n\n\n\n<p>The new ICE IM SMA feature is available within the SMA functionality and is replacing the legacy LMA, which will be phased out completely by December 31, 2022. The new IM SMA feature offers Clearing Members more control over accounts than is available with LMA.&nbsp;<\/p>\n\n\n\n<p>With IM SMA set-up, it is mandatory to send in tags 439 (Clearing Firm) and 440 (Clearing Account) to the exchange. The customer could continue using tag 9207 (CustAccountRefID field) as an optional field to distinguish the customer business. ICE is targeting December 31, 2022, as the end date for LMA access. In line with this milestone, ICE will not support the creation of any new LMA access starting August 01, 2022.<\/p>\n\n\n\n<p>The TT platform already supports the required tags for IM SMA as required by ICE. Below are the mappings between the required tags and the respective fields in the TT user set up.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Tag Tag 439 &#8211; Clearing Firm ID<\/li><li>Tag 440 &#8211; Exchange Account<\/li><\/ul>\n\n\n\n<p>Customers are requested to get in touch with TT onboarding team in case any assistance is needed for the set up.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"eurex-next-generation-etd-contracts\"><\/span><strong>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 February 2023 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>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<p>TT will support the sub-monthly contracts and T+X MSCI Futures in the UAT environment in mid July, date TBD.<\/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=\"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-94843","support","type-support","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/tradingtechnologies.com\/wp-json\/wp\/v2\/support\/94843","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\/94843\/revisions"}],"wp:attachment":[{"href":"https:\/\/tradingtechnologies.com\/wp-json\/wp\/v2\/media?parent=94843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}