Support for SGX India Single Stock Futures

Advisory CA006-18

As of February 5th, TT will support the newly added SGX India single stock futures (SSF) products. These SSF products are part of the Nifty index on SGX. A unique feature of the SSFs is that they support a corporate action adjustment that is used to maintain the economic value of open positions. Corporate actions that require capital adjustment can include special dividends, issuance of bonus shares, rights issues, stock splits, and\or share consolidation. There are approximately six applicable corporate actions per year, and the exchange is striving to provide at least seven business days notice before an applicable corporate action.

When an applicable corporate action occurs, affected instruments are appended with an “_A1” for the first adjustment, “_A2” for the second adjustment, etc. Customers can expect the following behavior in X_TRADER® and TT®:

X_TRADER®

During a corporate action, the new contract (post-corporate action) is added. Any working orders on the pre-corporate action contracts are removed from the Order Book. If X_TRADER is open during the corporate action, existing orders will appear on the pre-corporate action contracts, and new orders will appear on the new instruments.

After restarting X_TRADER post-corporate action, pre-corporate instruments are removed, and positions are not migrated from the pre-corporate action contracts. If using the Auto-SOD option, trading administrators can adjust positions using manual fils or SOD records if needed.

Note: Risk limits set per product will not need to be modified after a corporate action. However, if you override limits per instrument (which is only available using Account-based risk), you will need to set up additional limits for the new instrument.

TT®

During a corporate action, the new contract (post-corporate action) is added and pre-corporate instruments are removed. Positions are not migrated from the pre-corporate action contracts,  however, if SODs are enabled, trading administrators can adjust positions using manual fils or SOD records if needed. Working orders on the pre-corporate action contracts are removed from the Order Book.

Note: Risk limits set per product will not need to be modified after a corporate action. However, if you set limits per instrument, you will need to set up additionally limits for the new instrument.

Should you have any questions, please contact your local TAM

CME GTD Orders and Fills During Dr. Martin Luther King, Jr. Holiday

Advisory CA005-18

Due to the observance of the Dr. Martin Luther King, Jr. Holiday, CME day orders placed on Sunday, January 14th will be for the trade date of Tuesday, January 16th and will not expire until Tuesday’s close.

In order to maintain fill records over this extended session, the TT CME Fill Server must be configured to not rollover on Monday, January 15th.  To perform this configuration change, open the \TT\config\CME_Rollover_Schedule.ini file and comment out Monday’s line.

#sunday = 22:37:00,21:37:00

#monday= 22:37:00,21:37:00

tuesday= 22:37:00,21:37:00

wednesday= 22:37:00,21:37:00

thursday= 22:37:00,21:37:00

friday= 22:37:00,21:37:00

#saturday= 22:37:00,21:37:00

Revert this configuration change on Tuesday January 16th.

Important Notes

  • This configuration change will impact all products that trade via TT CME Gateways.  If any contracts are not observing adjusted trade dates due to the holiday, fill records for those contracts will remain visible over multiple trade dates.
  • Customers using Drop Copy FIX Adapters should verify that their systems will not pull fill records in a way that will result in the same fill being pulled twice, as fill records will not be purged on Monday as usual.

For more information regarding the exchange schedule please click here, and refer to the “Compact Excel” file for the Dr. Martin Luther King Jr. Holiday.

NOTE: Due to CME’s observance of the following holidays in 2018, “TT CME Fill Server” configuration changes must be carried out for each holiday.  We will send updated Customer Advisories in the days leading up to each, which will include specifics for that particular holiday.

US Holiday Date
President’s Day February 19, 2018
Good Friday March 30, 2018
Memorial Day May 28, 2018
Independence Day July 4, 2018
Labor Day September 3, 2018
Thanksgiving November 22, 2018
Christmas Day December 25, 2018
New Year’s Day January 1, 2019

Should you have any questions, please contact your local TAM

 

First Quarter 2018 License Updates

Advisory CA004-18

First Quarter 2018 License Updates

Updated and amended first quarter license files have been distributed to TT customers. Please contact your TT Sales representative if you have not received your license file. The new file must be installed via Guardian prior to January 15, 2018, or you will not be able to trade.

Customer environments managed by TT via the TTNET or ASP hosted solution do not need to take any action, as all license updates are handled by TT; however any past due balances are still payable per the terms of your contract

Please contact TT Support if you experience any installation problems.

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FMDS Trade Calendar Update

Advisory CA003-18

FMDS Trade Calendar Update

FMDS TradeCalendar.xml and TradeCalendar_primary.xml files have been updated and are currently available for download via the Miscellaneous  section of the TT Download Center.

Updates include:

  • Holidays through the end of 2018

To upload these files to FMDS:

  • Navigate to <drive letter>:\tt\config.
  • Back up existing TradeCalendar.xml and TradeCalendar_primary.xml files.
  • Copy the latest TradeCalendar.xml and TradeCalendar_primary.xml files downloaded from the TT Download Center into this directory.

Should you have any questions, please contact TT Support.

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