Advisories

Keep informed of topics that impact X_TRADER® trading environments. Visit the TT app's Message Center to access TT platform advisories.

ICE Enhanced Order Validation Requirements

 

Starting March 1, ICE will enhance its order validation process to verify that any short code (“Execution in Firm,” “Investment Decision” or “Client”) or MiFID Profile ID submitted on an order matches a short code or profile that is set-up in the ICE Identifier App (IIA). 

 

The exchange’s current order validation process requires short codes for the following tags, or a  valid MiFID profile ID (Tag 9707), to be submitted on every order:

  • Investment Decision (Fix Tag 9704)
  • Execution in Firm (Fix Tag 9705)
  • Client ID (Fix Tag 9706) 

When the enhanced order validation is implemented by ICE, these short codes, or the MiFID Profile ID, sent on an order must be registered in the IIA, or the order will be rejected with the error code “Mifid parsing error”.  ICE will not accept orders until this information is registered with the exchange.

 

ICE will implement enhanced order validation on a phased basis for specific products. The production dates for the affected products in ICE and ICE_L markets are as follows:

  • March 1: Financial and Equity Products (IFLL, IFLO)
  • March 15: Commodity derivatives including freight and Emission Allowance products (IFEU, IFLX)

Details from ICE related to this change may be found in the following circulars:

The ICE Identifier Admin (IIA) guide from the exchange may be found here, and should be used as a reference in order to configure short codes for their profiles in the production environment. 

 

For additional assistance with this process, customers should contact ICE directly.

TT Support President’s Day Holiday Schedule

Due to the observance of the President’s Day Holiday, CME day orders placed on Sunday, February 16th will be for the trade date of Tuesday, February 18th 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, February 17th.  To perform this configuration change, open the TTconfigCME_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, February 18th.

 

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 President’s Day Holiday.

 

NOTE: Due to CME’s observance of the following holidays in 2020, “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

Memorial Day

May 25, 2020

Independence Day

July 4, 2020

Labor Day

September 7, 2020

Thanksgiving

November 26, 2020

Christmas Day

December 25, 2020

New Year’s Day

January 1, 2021

Should you have any questions, please contact your local TAM

  

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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…

  • Updated holidays for 2020
  • Updated SFEEquityIndexSchedule
  • Updated ICEFuturesEuropeEnergySchedule
     

To upload these files to FMDS:

  • Navigate to :ttconfig.
  • 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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