HKEX: New Matching Engines
July 3
On July 3, HKEX will conduct a market rehearsal for the introduction of two new Matching Engines. Customer participation will not be supported. The production Go-Live date for the new matching engines is targeted for August 2020, but no firm date has been provided by the exchange.
TT Platform Impact
TT will perform connectivity testing as required by the exchange. No customer order entry will be supported during this test.
HKEX: Change in Trading Information for 7 MSCI Index Futures Contracts
July 12
Trading information for the following 7 MSCI Index Futures Contracts will be changed effective from July 12, 2021.
| Contract | Current Product Symbol | New Product Symbol |
| MSCI Vietnam (USD) Index Futures | MVT | MVI |
| MSCI Philippines (USD) Index Futures | MPH | MPS |
| MSCI Indonesia (USD) Index Futures | MID | MIA |
| MSCI Malaysia (USD) Index Futures | MMY | MMA |
| MSCI EM (USD) Index Futures | MEM | MEI |
| MSCI India (USD) Index Futures | MDA | MDI |
| MSCI Thailand (USD) Index Futures | MTH | MTD |
TT Platform Impact
Product symbols will be updated automatically for July 12th. No customer action required.
SGX: Launch of SGX Baltic LNG Freight Contracts
July 12
SGX is launching the following contracts on July 12, 2021:
| Product Name | Product Symbol |
| SGX Baltic LNG Freight Route BLNG1g (LNG Fuel) Futures | BL1GF |
| SGX Baltic LNG Freight Route BLNG2g (LNG Fuel) Futures | BL2GF |
| SGX Baltic LNG Freight Route BLNG3g (LNG Fuel) Futures | BL3GF |
TT Platform Impact
Product symbols will be added automatically for July 12th. No customer action required.
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
ICE Self Trade Prevention Functionality will be available on the TT platform in June/July. 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. 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
No new functionality is being supported by TT as part of this release.
SGX: Industry-Wide BCP Test
August 21
SGX will be conducting a BCP Test on Saturday, August 21. 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,, 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 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.
If any issues are observed during system testing in UAT or during Production testing, TT asks that users please report their findings to the Support Center. TT will deliver up-to-date changes and fixes for user acceptance testing as they become available.
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 – COMPLETED – 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 weekend 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.