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August 9, 2018

Exchange System Updates


HKEX: New Product Additions

August 8

HKEX launched several new products on August 8.

X_TRADER® Platform Impact
To trade these products, apply an updated pMerge file to all HKEX Gateways:

  1. Copy the HKEX.pmg file to <drive letter>:\tt\config.
  2. Stop GuardServer.
  3. Navigate to <drive letter>:\tt\bin.
  4. Double-click pMerge.exe. The Enter Exchange Name window appears.
  5. Specify the exchange name and flavor and click OK. The Open Guardian product table merge file window appears.
  6. Navigate to <drive letter>:\tt\config and select the HKEX.pmg file. pMerge will update the existing Guardian Product Table with the correct values. After pMerge completes its tasks, the pMerge status bar displays Finished.
  7. Close the pMerge status bar.
  8. Start GuardServer.

Repeat the above listed steps for each HKEX Gateway.

After pMerge runs, verify that the Guardian Product Table contains the following values:

Contract Product Code Point Value
China Tower Corporation Limited Stock Futures TWR 10000
China Tower Corporation Limited Stock Options XTW 10000


TT® Platform Impact
None.


ASX: New Product Addition

August 9

ASX listed the new AUD 20 Year Government Bond Futures contract (LT) on . This contract replaces the existing 20 Year Bond Futures XX contract. No new XX contracts will be listed beyond the current December 2018 expiry (XXZ8). To move positions from the existing XX contract to the new LT contract, use one of the two available inter-commodity spreads, which allow participants to migrate positions on market at a net price, without legging risk.

X_TRADER Platform Impact
To trade these products, apply an updated pMerge file to all SFE Gateways:

  1. Copy the SFE.pmg file to <drive letter>:\tt\config.
  2. Stop GuardServer.
  3. Navigate to <drive letter>:\tt\bin.
  4. Double-click pMerge.exe. The Enter Exchange Name window appears.
  5. Specify the exchange name and flavor and click OK. The Open Guardian product table merge file window appears.
  6. Navigate to <drive letter>:\tt\config and select the SFE.pmg file. pMerge will update the existing Guardian Product Table with the correct values. After pMerge completes its tasks, the pMerge status bar displays Finished.
  7. Close the pMerge status bar.
  8. Start GuardServer.

To set account limits for the LT contracts, access your Admin and Risk Terminals.

The above-listed steps need to be repeated for each SFE Gateway.

After pMerge runs, verify that the Guardian Product Table contains the following values:

Contract Product Code Point Value
SFE 20 Year Treasury Bond Futures LT 10000


TT Platform Impact
None.


B3: Mock Testing and Changes to Market Data Feeds

August 27

As part of the continuous improvement to the contingency and resilience of the BM&FBOVESPA PUMA trading system, B3 is introducing changes for the market data feeds:

  • Market data feed B will migrate to new addresses on August 27
  • A new market data feed C will be introduced for disaster recovery

Mandatory mock trading sessions have been scheduled by the exchange for August 4 and August 25.

X_TRADER Platform Impact
We have provided customers with an updated multicastgroups.cfg file, which contains the new B and C feed addressing. Download the file here.

TT Platform Impact
We will make the necessary changes to subscribe to the updated B feed channels in accordance with the exchange dates.


SGX: SR4 Customer Conformance

Now through September

Both the X_TRADER and TT platforms have passed orders and price conformance with the new SGX SR4 API. In October, SGX will go forward with its Service Release 4 (SR4) upgrade. From now through September (according to the exchange’s schedule), you can use the conformance release in UAT or DDE.

New features in SR4 include:

  • Support for Hidden Half Tick Prices: SGX will allow some contracts (to be decided by SGX at a later date) to trade at half a tick higher (for bids) or lower (for offers) for selected products. While TT will not initially support order entry in half-ticks, both TT and X_TRADER will support the display of half-tick prices when present.
  • Strip Trading for Commodities: SGX has introduced quarterly and calendar combos for commodity products. Quarterly strips will comprise three contract months (Q1 17 – Jan17, Feb17, Mar17; Q2 – Apr18, May18, Jun18), and calendar strips will comprise 12 contract months (Cal 17 – Jan17 to Dec17; Cal18 – Jan18 to Dec18). It will also be possible to have spreads between the quarter and calendar strips (Buy Q1 17 v Q2 17). TT will support these new contracts.
  • ISIN Generation for all Derivatives: ISINs will be assigned to all newly generated derivatives contracts at a series level. Note that ISINs will not be generated for combination instrument series. ISINs will remain the same after corporate action adjustment.
  • Self-Match Prevention: SGX has introduced an optional self-match prevention key. In TT, this new field appears in the Setup application on Account>Exchanges>SGX. In X_TRADER, this field is mapped to Exchange 1 in the TT User Setup “Users and Their Gateway Login” window.

X_TRADER Platform Impact
We will release SGX Gateway 7.18.10 prior to October. Customers will need to upgrade to that version after the close preceding the go live date and before the open of the go-live date.

Our test environment, DDE, will be upgraded to this version and made available to customers upon request.

TT Platform Impact
We will perform the necessary upgrades prior to start of trading on the go-live date, and there is no action required on the part of customers. Our UAT environment has been upgraded to support customer testing.


CME: Price Precision Extension and Globex MDP3 SBE Schema Update

August 12 – January 13

Per CME Globex Notices (some information omitted, see Additional Resources for full text):

CME Group is implementing end-to-end technology changes to support increased price granularity. Currently, CME Group systems support a maximum of 7 decimals. With this initiative, products with up to 9 decimals may be listed and traded. On Sunday, January 13 (trade date Monday, January 14), pending regulatory approval, the 2-Year Treasury Note futures, all 2-Year Treasury Future Spreads (including Calendar Spreads, Tail Spreads and Inter-Commodity Spreads with a 2-Year Treasury Future) along with the futures portion of covered options UDS, will move from 7 decimals to 8 to support trading at 1/8 of 1/32.

Starting Sunday, August 12, the price precision extension rollout will begin with MDP 3.0 in production over several weekends. In conjunction with the price precision initiative, CME Group will update the schema for all Globex MDP 3.0 SBE market data channels. Please view the rollout schedule. This release will not support template extension, however the order of the fields will be preserved in the new templates.

Customer Mock Trading Sessions:
To ensure customers can process the market data, CME Group will offer three customer mock trading sessions prior to each schema rollout group and Globex test instrument launch:

  • Saturday, August 25 (CME MDP 3.0 Production Mock)
  • Saturday, October 20 (NYMEX, DME, BMD & KRX MDP 3.0 Production Mock)

Customers are required to register and join the conference bridge line to participate in the mock trading sessions.

On Sunday, November 4, a production test instrument for the 2-Year Treasury Note futures will be launched on CME Globex. This new test instrument will give customers the ability to confirm system readiness for the introduction of 8-digit decimal price precision. Upon the launch of this test instrument, clients whose systems are not yet prepared to handle 8 decimal precision must ensure their systems have the ability to ignore market data and iLink/Drop Copy execution reports on this new instrument.

We will fulfill all required certification on both the X_TRADER and TT platforms prior to the rollout of the schema changes, which begins on August 12.

X_TRADER Platform Impact
A new gateway package to support the schema update was released on July 27. This package is required for the August 12 schema rollout. Note: Locally hosted customers may register to participate in the mock test sessions. Customers that are hosted in TTNET do not need to register/participate, as we have tested internally.

A new gateway package to support the reduced tick for the 2 Year Treasury Note will be released prior to test instruments being available on November 4, with a go-live trade date of January 14.

TT Platform Impact
No impact. Customers do not need to register/participate in mock trading sessions as we have tested internally.

Additional Resources
Globex Notices July 30, 2018