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Exchange System Updates

ICE: Post Harmonization 

January 23

The API upgrade for ICE Harmonization has been completed for both the X_TRADER and TT platforms to meet the exchange deadline of January 14. Since the upgrade, users have reported that some contracts are missing, and we are targeting multiple fixes for these issues with a high priority.

X_TRADER® Platform Impact
We have released ICE Gateway 7.18.32 to address the issue of dropping of spread contracts due to change of exchange message type for these contracts. This fix will restore the availability of many of the missing contracts. Also, the issue related to availability of CSO spreads has been addressed with this release.

In addition, we are working with the exchange to address the remainder of the missing spread contracts caused by missing leg markets.

TT® Platform Impact
The latest TT version of the software has the fix for missing contracts due to change of exchange message type for these contracts.


CME: Changes to Minimum Price Increments, Non-Reviewable Range and Trade Matching Algorithm to Canadian Dollar/U.S. Dollar and Australian Dollar/U.S. Dollar (AUD/USD) Futures Intra-Currency Calendar Spreads: Resting Order Eliminations

January 27

Effective Sunday, January 26 for trade date Monday, January 27, the changes listed above will be made to CAD/USD futures and AUD/USD futures intra-currency calendar spreads. Please see the additional resource below for more information.

X_TRADER and TT Platform Impact
To facilitate this change, customers should cancel all Good ‘Till Cancel (GTC) and Good ‘Till Date (GTD) orders for these contracts, including any user- or exchange-defined spreads, by the close on Friday before the Monday effective date. At 16:00 CT on the Friday before the Monday effective date, any remaining GT orders on these markets will be removed by CME.

Additional Resources
Globex Notice January 20, 2020


SGX: Saturday Special Trading Session

February 1

SGX will hold a special live trading session for India Equity Index and FX Derivatives on February 1. Both the X_TRADER and TT platforms will be available. 

The following contracts will be open for trading:

SGX MSCI India Index Futures (MD)
SGX MSCI India Net Total Return (USD) Index Futures (NMD)
SGX Nifty Bank Index Futures (INB)
SGX Nifty 50 Index Futures and Options (IN, CIN, PIN)
SGX INR/USD FX Futures and Options (IU, CIU, PIU)

Business and Clearing Date:

All electronic trades conducted during the respective sessions and dates will bear the following business and clearing dates:

All electronic trades conducted during: Business Date Clearing Date
T+1 Session on 31 January 2020 (Friday) 31 January 2020 3 February 2020
Special Trading Session on 1 February 2020 (Saturday) 1 February 2020 3 February 2020

GTC Orders:

Market participants should note that if they have configured their Trading API settings to remove all orders in the event of a trading API disconnection, then all Good-till-Cancelled (GTC) orders for the Contracts will be removed from the trading engine should they experience any Trading API disconnection on 1 February 2020.

This will apply to GTC orders for following FX Futures contracts in the event of any Trading API disconnection on 1 February 2020 although these FX futures contracts will not be open for trading on 1 February 2020. 

SGX AUD/USD Futures
SGX AUD/JPY Futures
SGX KRW/USD Futures
SGX KRW/JPY Futures
SGX USD/SGD Futures

Session Schedule (Singapore Time):

Contracts SGX MSCI India Index Futures (MD)

SGX Nifty Bank Index Futures (INB)

SGX Nifty 50 Index Futures (IN)

SGX INR/USD FX Futures (IU) SGX MSCI India Net Total Return (USD) Index Futures (NMD)
Pre-opening 8.45 am – 8.58 am 7.10 am – 7.23 am 7.10 am – 7.23 am
Non-cancel period 8.58 am – 9.00 am 7.23 am – 7.25 am 7.23 am – 7.25 am
Opening 9.00 am – 6.10 pm 7.25 am – 7.30 pm 7.25 am – 6.30 pm
Pre-closing 6.10 pm – 6.14 pm 7.30 pm – 7.34 pm 6.30 pm – 6.34 pm
Non-cancel period 6.14 pm – 6.15 pm 7.34 pm – 7.35 pm 6.34 pm – 6.35 pm

Contracts SGX Nifty 50 Index Options

(CIN, PIN)

SGX INR/USD FX Option

(CIU, PIU)

Order Cancellation 8:45 am – 9:00 am 7.10 am – 7.25 am
Opening 9:00 am – 6:15 pm 7.25 am – 7.35 pm

DGCX: Saturday Special Trading Session

February 1

DGCX will hold a special live trading session on February 1. The TT platform will be available. 

Session Schedule (Dubai Time):

Session Time
Login Period 06:00 hours onward
Continuous Trading 07:00-15:30
Post Trade 15:30-15:45
Market Close 15:45
Post Trade Reports Download from FTP 16:30

Business and Clearing Date:

As all trades executed on Friday 31 January 2020, will be settled on Saturday 1 February 2020. Trades executed on Saturday 1 February 2020, will be settled on Monday 3 February 2020.


IDEM: SOLA 14 Upgrade

February 3

IDEM will upgrade to the SOLA 14 API on February 3. Dress rehearsals will be held on January 25

The hours for the January 25 mock session are 08:00 – 12:45 CET. Further details on the test plan from the exchange may be found here.

X_TRADER Platform Impact
We have released LSE Gateway 7.18.35 to support this upgrade for IDEM. Please note that LSE Gateway 7.18.35 may not be used for production trading until the upgrade on February 3. 

TT Platform Impact
We will deploy updated software to support the SOLA 14 release to support IDEM on February 3. No customer action is necessary.

We will facilitate customer testing in the dress rehearsals, with additional details to come.

These changes are available for customer testing in UAT.

Additional Resources
Customer Dress Rehearsal Guide SOLA 14


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, 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, plans for support of tag 1031 on both the X_TRADER and TT platforms will be communicated in the near future.

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

Additional Resources
Globex Notices October 21, 2019
FIA Indirect Clearing Documentation