System Admin News & Updates

CME: New Product Addition – Eris SOFR Swap Futures, MAC SOFR Swap Futures and Inter-Commodity Spreads

October 5

Effective Sunday, October 4 (trade date Monday, October 5), Eris SOFR Swap futures and MAC SOFR Swap Futures will be listed for trading. See below for products and product symbols:

X_TRADER® and TT® Platform Impacts
No action is required; products will be available automatically.

SGX: Change in Tick Size for FTSE China A50 Index Futures

October 5

SGX will modify the tick size for FTSE China A50 Index futures from the current tick size of 2.5 index points (US$2.5) to 1 index point (US$1) on October 5.

X_TRADER and TT Platform Impacts
The tick size will be updated automatically on both platforms. Customers should cancel long dated orders on October 2. All long-dated orders as of T+1 close on October 2 will be purged from the system.

FIA Industry-Wide Testing

October 24

The Futures Industry Association will sponsor its annual industry-wide disaster recovery testing on October 24. We will facilitate customer participation for registered TT platform customers. 

Testing is available on the following exchanges:

• CFE 
• CME 
• Eurex 
• Euronext
• ICE 
• Montréal Exchange
• Nodal

Customers who plan to use TT platform software to participate in the FIA IWT are expected to contact their Onboarding Manager to register with TT by September 25.

Ping/telnet tests for CME and ICE exchanges were completed successfully on September 12.

TT Platform Impact
We‘ve implemented the Mock Mode feature to support mock trading on the TT platform. Documentation on the use of Mock Mode, including proper use and limitations, is available here.

Of particular note for the FIA testing:

• Log in to mock.trade.tt for testing.
• Any Setup changes needed for a mock session must be made in Production (e.g., changes to IP and/or Port to connect to an exchange DR site). When a user clicks Setup while logged in to mock.trade.tt, they will be directed to the Production Setup database. It’s important to note that any changes made to Setup specifically for a mock session must be manually reverted after testing is complete if you don’t want to keep them in Production.

TT Support
Support during the FIA disaster recovery test will be available as during normal production hours. For assistance during testing, please submit feedback via the TT platform or contact TT Support:

U.S. Toll Free:   +1 877 424 8844
Chicago:           +1 312 476 1002
London:            +44 20 7621 8181
Singapore:        +65 6395 7002
Sydney:            +61 2 8022 1702
Tokyo:              +81 3 4577 8345

Additional Resources
FIA DR Test Website
Mock Mode Documentation

*UPDATED* TOCOM: TT Migration to JPX Colo

October

On the weekend of August 28, due to issues encountered during the migration of TT platform infrastructure to the JPX colo data center, components supporting TOCOM were rolled back to their previous configuration. 

After extensive internal review of the issues encountered, we have now successfully migrated TT platform infrastructure supporting TOCOM to the JPX colo data center.

Eurex: T7 9.0 Upgrade

November 23

Eurex will move forward with the T7 9.0 upgrade on November 23. Key dates are:

• September 14: Simulation start
• November 23: Production launch

Please note that Eurex Simulation will be unavailable from September 1 to September 14.

Details on Eurex T7 Release 9.0 are now available on the exchange website at https://www.eurexchange.com/exchange-en/technology/t7/release9.

X_TRADER Platform Impact
On September 14, Eurex simulation became available on the T7 9.0 API. Development of compatible software is in progress, and details on future availability in DDE to be published in the near future.

TT Platform Impact
On September 14, Eurex simulation became available on the T7 9.0 API. Development of compatible software is in progress, and details on future availability in UAT to be published in the near future.

Euronext: Oslo Børs Optiq Migration

November 30

Following Euronext’s acquisition of Oslo Børs in June 2019, Oslo Børs’ trading systems across asset classes will migrate from the Millennium Exchange and SOLA systems to the Euronext Optiq systems. The migration timeline is as follows:

• April 13: Availability in p-EUA
• November 14 and 21: Dress rehearsals in Production
• November 30: Production go-live

The Oslo Børs Migration Guidelines and Guide to New Trading System documents are available in the IT Documentation section of the Euronext Connect customer portal.

X_TRADER Platform Impact
Oslo Børs products will not be supported on the X_TRADER platform.

TT Platform Impact
Oslo Børs products are available for customer testing in UAT. 

*UPDATED* CME: Mandatory iLink 3 Binary Order Entry Protocol for MSGW and BrokerTec Migration

Q4

CME Group will be launching iLink 3, a new order-entry protocol for trading futures, options and BrokerTec products on CME Globex. All customers connected via Market Segment Gateway (MSGW) are urged to migrate to iLink 3 by Q4. iLink 2 and iLink 3 for MSGW will run in parallel until February 26, 2021, and at that time will incur additional charges by CME. On March 28, 2021, iLink 2.0 for MSGW will be decommissioned. 

BrokerTec products will migrate to CME in Production on December 7 and will only be available on iLink 3 MSGW. Customers will need to obtain a dedicated iLink Session ID to be used for only the BrokerTec market segment. CGW will remain on iLink 2 and will not be impacted.

We will make testing available in the UAT environment for MSGW iLink3 during the week of September 28. BrokerTec products will not be available at this time. Dates for BrokerTec product test availability will be provided in a future update.

CME will be holding Saturday Mock Sessions for BrokerTec. We plan to participate in testing in Production on the following dates:

• Saturday, October 31
• Saturday, November 7
• Saturday, November 21
• Saturday, December 5

Any change to participation in Mock Sessions will be provided in a future update.

For the iLink 2 to 3 migration, CME Group does not require customers to obtain new iLink sessions. Customers will have the ability to migrate their existing iLink sessions from iLink 2 to 3 within the CME Request Center. For all existing migrated sessions, standard Session Policy Charges will apply. 

X_TRADER Platform Impact
X_TRADER will not support iLink 3.0 for MSGW or BrokerTec products that will migrate to CME on December 7. 

Customers keeping Link 2.0 MSGW connections will need to move their connections to CGW to maintain access to CME. Customers are strongly encouraged to migrate to the TT platform prior to the end of Q4.

TT Platform Impact
We will support both the iLink 3.0 upgrade and the BrokerTec US migration to CME on the TT platform. iLink 3.0 for CME products is currently available in UAT for customer testing. BrokerTec products will be added in upcoming weeks.

Additional Resources
Globex Notice October 1, 2020

HKEX: New Product Additions – MSCI Asia and Emerging Market Index Futures and Options

Q4

HKEX continues to add MSCI Asia and Emerging Market Index futures and options. Remaining products to be launched are listed below. Launch dates will be provided when finalized by the exchange.

X_TRADER Platform Impact
The Pmerge file will be added in a future update.

TT Platform Impact
No action is required; products will be available automatically.

Additional Resources
Exchange Notice, June 1, 2020

FIA: Execution Source Code Schema Initiative (Tag 1031)

Timeline varies by exchange

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.

Exchange-Specific Plans

• CME: Tag 1031 is supported and is mandatory.
• ICE: Tag 1031 is supported, but not required. 
• Eurex: Tag 1031 is supported, but not required. 
• CurveGlobal/IDEM: Tag 1031 is supported with the SOLA 14 Upgrade on February 3, but is not required.

X_TRADER Platform Impact
For CME, tag 1031 is now available in production. Customers should enter a valid value in the FFT6 field in Customer Defaults and/or FIX Account Defaults. For FIX Order Routing applications, FFT6 maps to tag 16903. If no value is set, a default value of “Y” will be sent. CME Gateway 7.18.49 was released on October 18. 

For ICE, tag 1031 is now available with ICE Gateway 7.18.29. Customers should use FFT6 to send the value to the exchange. The field is optional for ICE.

TT Platform Impact
For CME, tag 1031 is now available for use in Production. Customers should select a valid value in Setup or set Order Tag Defaults. 

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.

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.

For CurveGlobal and IDEM, support for tag 1031 was added on February 3 for both exchanges.

Additional Resources
FIA Indirect Clearing Documentation

PRODUCT RELEASES
No new products were released this week.