System Admin News & Updates

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Eurex: T7 9.1 Upgrade and Migration of FX Derivatives to the Standard T7 Trading System

June 28

As of May 15, Eurex will transfer its FX derivatives from the T7/FX trading system to its standard T7 trading system. Additional information from the exchange may be found here.

On June 28, Eurex will upgrade to T7 version 9.1 in Production. In preparation for the upgrade, the exchange will hold a connection test on Saturday, June 26

TT Platform Impact

TT will support the migration of the Eurex FX products to Eurex along with the T7 9.1 update occurring in production on June 28, and will participate in the connection test on June 28.

TT has submitted its Readiness Statement to Eurex as required for the upgrade.

X_TRADER Platform Impact

Please note that as of June 28, Eurex will no longer be supported on the X_TRADER Platform.

CurveGlobal: Modifications to TVTIC

July 12

On July 12, CurveGlobal will implement their SOLA CG21Aa functional release. As part of this new release, the Trading Venue Transaction Identification Code (TVTIC) value will no longer be disseminated via the FIX and SAIL trading interfaces, and must be created using values documented in the specification.

TT Platform Impact

TT will introduce software changes in order to continue to provide customers with correct TVTIC values. No customer action is required.

ICE: STPF and Manual Order Indicator Support

June/July 2021

ICE Self Trade Prevention Functionality will be available on the TT platform in June/July 2021. There will be settings in TTUS to provide the STP ID and the instructions.

1. Self Match Prevention ID 

2. Self Match Prevention Instruction

  • R= Cancel Resting order
  • T=Cancel Taker order
  • B= Cancel Both orders

ICE has started supporting the field Manual Order Indicator, Tag 1028, to indicate if an order originated from an automated trading system or if the order was manually keyed in. TT will support this field in June/July. The exact date of support will be announced soon in the next few days once we finish the conformance with ICE. This field is an optional field for ICE as of now. 

Both the features mentioned above are part of ICE Q1 API upgrade and will only be supported on the TT platform.

SGX: Titan DT/DC Service Release 8

July 26

SGX is planning for Titan Service Release 8 for OMnet Applications on July 26, 2021.  TT will communicate enhancements we will support in the near future. 

X_TRADER Platform Impact

Service Release 8 will not be supported on X_TRADER. 

TT Platform Impact

Service Release 8 will be supported in the UAT environment.

SGX: Industry-Wide BCP Test

August 21

SGX will be conducting a BCP Test on Saturday, August 21st. SGX will simulate an intra-day failure at the Primary Data Center. Participants will test order functionality during this test. 

TT Platform Impact

TT will be participating in this test. Customers who will be participating should register with the exchange and contact their Onboarding Manager for more details.

MX: Asian Hours Initiative

September 19

As of September 19, 2021, the trading day opening time for the following products will change from 2:00am ET to 8:00pm ET (T-1):

Interest Rate Derivatives (CRA, BAX, OBX, CGZ, CGF, CGB, OGB, LGB)

Index Futures & Sector Index Futures (SXF, SXM, SMJ, SCF, SXA, SXB, SXH, SXK, SXU, SXY, SEG)

Additional Resources

MX Circular 024-21

MX Notice of Date Change – Circular 063-21

OSE & TOCOM: J-GATE 3.0 API Upgrade

September 21

Osaka Exchange (OSE) and Tokyo Commodity Exchange (TOCOM) have announced that the production launch of the next-generation derivatives trading system, J-GATE 3.0, will be on September 21. 

Access to The Japan Exchange’s new J-GATE 3.0 API is now available via market ID, “JPX” on the TT platform in UAT and Production. Order entry and market data will be available in the Production Environment on predesignated exchange holiday test days only.

Prior to June 22, JPX access on the TT platform is provided for the purpose of completing Holiday/Weekend Testing only. The platform should not be used for verifying functionality outside of what’s outlined in Holiday/Weekend Testing test plans. Customers looking to complete system testing of market functionality and field values should begin testing on June 22.

Upcoming Exchange Holiday Tests

TT will support testing on the below listed dates:

May 23 – COMPLETED – First day of Exchange Holiday Test availability in Production on the TT platform. Participation is not mandatory and can be arranged at Users’ discretion.

June 6 – COMPLETED – TAP Failure Test – Mandatory for all customers assigned to Network Gateways having a Network Gateway name that contains even digits e.g.: API02, API04, etc.

June 27 – Matching Engine Failover, Price Dissemination, ITCH Failure and Rush Tests. All testing will be handled internally by TT staff. Customer participation is not required.

July 4 – TAP Failure Test – Mandatory for all customers assigned to Network Gateways having a Network Gateway name that contains  odd digits e.g.: API01, API03

We will publish additional upcoming dates in a future notice. Please be advised that customers who wish to participate in future weeknd testing should contact their TT Onboarding representative  a month prior in order to register their interest. TT’s participation in this testing is dependent upon sufficient customer registration, and may be cancelled due to insufficient interest.

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.