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Planning a TOCOM Migration

 

Before You Begin

Use this document to plan a migration of users of TOCOM Gateways due to the TOCOM Next Generation Derivatives Trading System (Next J-GATE) upgrade, which includes a new ITCH price feed in addition to the OM API changes.

Note: TOCOM will not migrate any orders to the new system.  TT recommends that traders cancel all working orders, including GTC, GTD, and GTDate orders entered for TOCOM products, as any remaining Synthetic SE orders will become unmanaged after the upgrade. All workspaces that include TOCOM products need to be rebuilt. For TT User Setup changes, please refer to “How do I migrate traders in TT User Setup”.

 

What are the major changes introduced by the API upgrade?

The API upgrade changes the following for TOCOM Gateway users:
  • Introduces the new Mini Gold-Mini Plat (SCO: Spread) product.
  • TOCOM is extending trading hours as follows:
    • Day Session will begin at 08:45 and end at 15:15.
    • Night Session will be begin at 16:30 and end at 05:30am (Night Session for Rubber (RSS3) ends at 19:00. No change).   
  • Introduces Closing Auction (Ita awase) for Futures and Options.
  • Introduces Opening Auction (Ita awase) for SCO (Spread) : no Closing Auction is held.
  • Deprecates support for Native Stop orders: Customers must now utilize Synthetic Strategy Engine (SSE) for Stop Order functionality.
  • Contract name format change: from contract month to a date specified by the exchange as below. Some products will display prior or following month to the contract month.
    • Last Trading Date Products with Delivery Settlement
    • SQ Date Products with Making-Up Settlement and Gold Option
    • Fixed Date (2079/12/31) Gold Daily Futures
For example, CRUD is cash settled (making-up) and SQ date is the first business day of the following month. Jan17 contract is currently displayed as “2017/01” and changed to “01Feb17” after migration.
  • Sub-Account in FFT3 is no longer required: Risk Account changes to Account#.
  • Fill Server Rollover time will now occur at 16:03.
  • Introduces Non-Cancellation Period:
    • Change and cancel are restricted by the exchange for one minute before auction matching except Closing Auction at day session end.
  • Exchange timestamp changes from JST to UTC (GMT): Exch Time and Exch Date columns in the Fill Window are now in UTC (GMT).
  • Tailor Made Combination (TMC) is now available under Strategy and available for Gold Option (available ratio is "one" due to the exchange limitation).
  Other rule changes (please refer to the TOCOM website for the details):
  • New contract becomes tradable from day session on the following day of expiry.
  • Trading for mini contracts cease at the day session on the previous day of expiry of standard contracts.
  • Night session will be open for the last business day of December.
  • Introduction of Dynamic Circuit Breaker (DCB).
  • Gold Option specification change.
  • Calculation for the Settlement Price for some products.
 

When should I migrate?

TOCOM will conduct the Next J-GATE upgrade on Tuesday, September 20, 2016. The TT TOCOM Gateway must be upgraded after the close of day session on Friday, September 16, 2016.   The migration is done once, and it should be done at a time that is best for your particular trading environment. However, TT recommends that you perform this migration during non-trading hours. Ideally, you should begin these steps following the close of the last trading day prior to migration and complete them over the course of the subsequent weekend.  

What testing is required by the exchange, and what are the required test dates?

For the most part, Next Generation J-GATE Conformance Testing of Trading Technologies (TT) software will be completed internally by TT engineers. For system failure tests, however, the participation of TT customers is required. All tests must be completed in the Production Environment using Login IDs provided by the exchange to the test participant.  

What are the differences in the new TOCOM Gateway that supports the API upgrade?

Differences include:  
  • The new TT TOCOM Gateway requires a 64 Bit Operating System, for example Windows Server 2008, 64-Bit.
  • TTChron changes to support TOCOM’s extended trading hours as follows:
    • Day Session will begin at 8:45am
    • Night Session will be extended to 5:30am
  • TT Gateways will initialize at 7am and shutdown will be 5:45am
    • schedule=MTWRF@7:00-05:45
 

How do I prepare my TT Trading Environment?

 

Can I upgrade an existing TOCOM Gateway?

No. A clean install, or uninstall/reinstall is required since the architecture is moving from 32 to 64 bit.   Note that, during this migration, TOCOM will not migrate any orders to the new system. TT recommends that traders cancel all working orders, including GTC, GTD, and GTDate orders entered for TOCOM products, as any remaining Synthetic SE orders will become unmanaged after the upgrade.  

What version of the TOCOM Gateway should I use?

All users should migrate to TOCOM Gateway 7.18, which is currently available through your TAM. For information on installing and configuring a TOCOM Gateway, refer to the TOCOM Gateway System Administration online help.  

What are the minimum supported versions of TT Client applications?

Currently, there are no expected client version dependencies associated with the TOCOM 7.18 Gateway. Trading Technologies will notify customers, as well as update this document, should any additional dependencies be determined.  

What is the Licensing and Billing Impact?

 

Can I reuse my current TOCOM Gateway licenses?

Customers will be provided with the appropriate free gateway license(s) for use during conformance and exchange testing prior to the launch of the new API. Test license(s) must be requested by customers via the normal process, and they must also request a cancellation of test license(s) prior to the launch in order to avoid being billed.   For a description of TT licensing, refer to TT Gateway Architecture System Administration.  

Canceling TOCOM Licenses

During the conformance testing period, TT is offering customers TOCOM Gateway licenses for temporary gateways used for conformance purposes free of charge. These licenses will become billable once the exchange goes live on the NEXT J-Gate platform. Customers must submit license cancellations via the TT Website for TT TOCOM Gateways that are no longer in use following the migration. TT will not automatically cancel any licenses.  

Billing Server Impact

There is no impact on the TT Transaction Billing Server. After the migration, fills and billing packets will continue to be recorded and transferred daily to the TT Licensing Department Accounting and Billing System and will contain the Exchange ID of the newly installed TOCOM Gateway. The TT Licensing and Accounting Department will be notified by your TAM that the new gateway is installed and the exchange IDs have changed.  

Migration Checklists

 

Overview

The following checklists show the chronological steps for a successful migration to the TOCOM Gateway.  

Migration Checklist

You should complete the items below to prepare for migrating gateways.  
Check Migration Task Procedure
Obtain required TT Software licenses Obtain new TOCOM Gateway licenses for each new or upgraded gateway. Refer to What is the Licensing and Billing Impact?
Upgrade all client applications Currently no minimum version required. Refer to What are the minimum supported versions of TT Client applications?
Prepare X_TRADER® for migration TT recommends that traders cancel all working orders, including GTC, GTD, and GTDate orders entered for TOCOM products, as any remaining Synthetic SE orders will become unmanaged after the upgrade. Remove start-up setting for the workspace that includes TOCOM products, and create new workspaces after the upgrade. Review the supported order types. Refer to What is the X_TRADER® Impact?
Prepare X_TRADER® plug-ins for use with the TOCOM Gateway Refer to What is the impact to X_TRADER® Plug-ins?
Prepare trader logins for migration Configure gateway login and product limits as needed, and update Customer Defaults. Refer to How Do I Migrate Traders in TT User Setup?
Prepare trader positions If enabled on the current gateway, make sure the Auto-Calculate-SOD functionality on the new TOCOM Gateway is enabled. Publish the position via X_RISK as necessary. Refer to Will SODs be carried over to do I have to publish via X_RISK?
Prepare FIX Adapter for migration

Update your FIX Client with the changes.

Note: TT recommends that FIX clients connect to the new TOCOM Gateway 7.18 in DDS to do their own integration testing. DDS is available during the same time the SIM environment is up and available.

Refer to How does this migration impact existing FIX Adapter users?
Prepare X_RISK for use with the TOCOM Gateway Add TOCOM Gateway logins Update the Historical Fill Server database Refer to What is the X_RISK Impact?
Migrate the existing gateway to a TOCOM Gateway Refer to What is the TT Gateway Impact?
Check ADL templates Refer to What is the impact to Algo Design Lab (ADL)
Reconfigure any Strategy Engines Refer to What is the impact to Strategy Engines (SEs) connected to the new TOCOM Gateway?