- B3: Template upgrade and new Exchange Defined Spreads (EDS)
- JPX: Three-month TONA Futures
- JPX: Nikkei 225 Micro Futures and Nikkei 225 Mini Options
- JPX: ESG Index Futures
- JPX: Contract Unit Change for Silver Futures and Palladium Futures
- TAIFEX: Trading and Settlement System Update
- TFEX: Annual SET BCP Test
- BIST: BISTECH 3.0
- SGX_GIFT: GIFT Connect Service Release 1
- SGX_GIFT: Full-scale operation of NSE IFSC-SGX
- KRX: Derivatives Market Rules Improvements
- Eurex/EEX: ETI TLS Encryption
- IDEM: Migration to Euronext
B3: Template upgrade and new Exchange Defined Spreads (EDS)
There is a B3 FAST template upgrade to 155 happening this weekend. TT has made the required changes to accommodate this upgrade.
The new Rollover Structured Transaction for U.S dollar currency pair futures will be available on TT platform in upcoming weeks.
JPX: Three-month TONA Futures
JPX has announced the introduction of Three-month TONA (Tokyo Overnight Average) Futures with a launch date of May 29, 2023. The Symbol is TOA3M and the product is available now for testing in UAT.
English: Market News
JPX: Nikkei 225 Micro Futures and Nikkei 225 Mini Options
JPX has announced the introduction of Nikkei 225 micro Futures and Nikkei 225 mini Options linked to the Nikkei Stock Average with a launch date of May 29, 2023. JPX ‘s decision to launch the new products is in response to recent trends toward smaller investment units in the cash equity market as well as the increasing demand for more precise risk management tools.
The Symbols are 225MC and 225M and the products are available now for testing in UAT.
English: Market News
JPX: ESG Index Futures
JPX has announced the introduction of three new ESG Index Futures with a launch date of May 29, 2023. The new contracts will be utilized in asset management taking into account ESG (Environmental, Social, and Governance) factors. Listing them is part of JPX’s effort to assist in the creation of a society in which sustainability-focused information, products and services are easily accessible to all.
The Symbols are as follows and the products are available now for testing in UAT:
- FJNZR – FTSE JPX Net Zero Japan 500 Index Futures and Spreads
- NKC15 – Nikkei 225 Climate Change 1.5C Target Index Futures and Spreads
- SJESG – S&P/JPX 500 ESG Score Tilted Index Futures and Spreads
English: Market News
JPX: Contract Unit Change for Silver Futures and Palladium Futures
JPX has announced a change of the Contract Unit for Silver Futures and Palladium Futures with an effective date of May 29, 2023.
The changes are available now for testing in UAT.
TAIFEX: Trading and Settlement System Update
TAIFEX has announced a Trading and Settlement System Update with a Production trading effective date of June 5, 2023. The update includes minor exchange-side changes to the TAIFEX Kill Switch feature and to the exchange’s Dynamic Price Banding system.
There is no impact to the TT trading system, no changes are required and there is no impact to customers. TT will not be participating in the weekend market rehearsals on May 20 or June 3.
TFEX: Annual SET BCP Test
TFEX has announced commencement of their Annual SET BCP Test scheduled for June 10, 2023. The TT Production environment will be available and set up for handling BCP activities. All members are required to participate in the test.
Further details will be provided here in System News as they become available.
BIST: BISTECH 3.0
A new phase of the BISTECH system, called BISTECH 3.0, is announced to be launched by the exchange on June 12, 2023. As part of this, the TT platform will support the connection changes required for the FIX Order Entry and TIP channels in the derivatives markets.
Equity Markets, Fixed Income Markets, Precious Metals Markets, exchange’s Drop Copy functionality and ITCH protocol for market data are not supported by the TT platform currently, and hence the TT platform will be unaffected by any changes to these.
On 9 June 2023, in preparation for the transition to BISTECH 3.0, there will be no evening session in the Derivatives market and all GTC, GTD and inactive Stop orders waiting in the system will be deleted by the exchange, and these will not be reinstated post the cutover. Hence, TT recommends that traders cancel such orders on or before 9 June.
On the go live date of 12 June, company admins will need to update the order entry connection settings with the latest user details that they may have received from the exchange, in order to be able to enter orders post this change.
SGX_GIFT: GIFT Connect Service Release 1
June / July
SGX has announced plans to deploy a new system update, “GIFT Connect Service Release 1” with a target timeframe June / July 2023 for production trading. TT is currently working with the exchange to complete all required software changes for Inbound Drop Copy. UAT Delivery for these updates is targeted for the end of May.
For FIX Order Routing, all development and testing efforts are now complete. The TT UAT environment has already been configured to connect to the exchange’s Service Release 1 test environment, so all customers who plan to conduct testing on their own are welcome to begin at any time.
TT will provide all customers with the completed Member Readiness Sign-Off on or before May 31, 2023.
SGX_GIFT: Full-scale operation of NSE IFSC-SGX
SGX has announced that the full transition of SGX Nifty derivatives to NSE IFSC (SGX GIFT City) will be on 3 July 2023.
SGX GIFT City went live on July 29, 2022. Since that time, the NIFTY products have been trading in parallel on both the “SGX” (Titan) and the “SGX_GIFT” (GIFT City – NSE) platforms.
Starting from July 3, 2023 there will be a permanent shutdown of NIFTY trading on SGX Titan. From that time, all SGX users must trade NIFTY on SGX_GIFT. The exchange is keeping far months available on SGX Titan throughout the transition to aide Risk / Position management.
All of the above points apply to DMA trading only. Users sending Trade Report (NLT / Wholesale / OTC) orders will continue to use the SGX Titan platform even after the transition.
For TT users, there are no specific steps that need to be taken on our platform to prepare. SODs and position tracking on our platform should be managed by the customers as needed, but all other operations will take place entirely on the exchange side.
KRX: Derivatives Market Rules Improvements
July 17 (Tentative)
KRX has announced a list of Derivatives Market Rules Improvements with a tentative Go Live date of July 17, 2023.
KRX improvements include the New Listing of KOSPI 200 Monday Weekly Options. TT KRX Price Server is currently being updated to add support for the new Weekly Option product and an upgrade to the UAT environment is currently targeted to the first week of July.
For all other Improvements announced by KRX (listed below) there is no impact to the TT platform.
- Earlier Derivatives Market Opening
- Changes to Negotiated Block Trades
- New Listing of Single Stock Futures·Options
- Segmentation of SSF / SSO Order Quantity Limit
Additional updates will be provided here in System News as they become available.
Eurex/EEX: ETI TLS Encryption
Eurex has implemented mandatory changes regarding data transmission via the T7 trading interfaces. These changes have been made to improve the security of information transmitted via communication networks to further reduce the risk of unauthorized interception, manipulation, or misuse.
Changes will be made by TT to meet these requirements. These changes will be mandatory on the following dates:
|Interface||Mandatory In Simulation||Mandatory in Production|
|ETI LF||04 August 2023||23 October 2023|
|ETI HF||24 November 2023||11 December 2023|
More details will be provided in upcoming Updates.
IDEM: Migration to Euronext
IDEM products will be migrating to Euronext at the end of 2023. Further details will be provided as the date approaches, which can be found here.