- Euronext: AEX Index Futures – Withdrawal of US Direct Trading Access
- MX Market Order
- ASX: Business Continuity Testing
- TFEX: New Trading System Upgrade
- CME: DR Data Center Migration and Test
- BIST: BISTECH 3.0 Dress Rehearsal
- SGX Titan & SGX GIFT City: Industry-wide BCP Exercise
- Eurex/EEX: T7 Release 11.1
- 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
- BIST: BISTECH 3.0
- SGX_GIFT: GIFT Connect Service Release 1
- SGX_GIFT: Full-scale operation of NSE IFSC-SGX
- Eurex/EEX: ETI TLS Encryption
- IDEM: Migration to Euronext
Euronext: AEX Index Futures – Withdrawal of US Direct Trading Access
From 20 April 2023, the AEX Index will transition from a broad-based to a narrow-based index. As a consequence, the direct trading access of US Trading Members to AEX Index futures contracts will be withdrawn at that time.
Euronext Info-Flash 23 January 2023
MX Market Order
The new Market Order type that chases the price limit (price type: W) will be enabled for the Three-Month Canadian Bankers’ Acceptance Futures (BAX), Ten-Year Government of Canada Bond Futures (CGB), and the S&P/TSX 60 Index Standard Futures (SXF) on April 23, 2023.
In the TT system, this order type is mapped to the ‘Market’ type. It is FIX tag 40=1 for FIX users.
ASX: Business Continuity Testing
ASX has scheduled a business continuity test on the production ASX 24 environment for April 29, 2023. This test will include component failure from the primary ASX data centre (ALC) to the Secondary Data Centre (SDC). This test will be conducted in the TT production environment from 13:00 to 17:00 AEST.
TFEX: New Trading System Upgrade
TFEX has rescheduled the official Go-Live date of their new Trading System Upgrade for May 8, 2023. Prior to Go-Live there will be a migration period in which TT staff will work together with customers to ensure preparedness for the upgrade.
The TFEX Trading System Upgrade Migration Guide is will continue to be updated with new details and information as the Go-Live date draws nearer. It is recommended that customers check the document from time to time so that new updates will be received in a timely manner.
CME: DR Data Center Migration and Test
CME will hold mock disaster recovery testing on Saturday, May 6 at 9am Eastern Time. To participate in the exercise, customers need to register. Please see below for more information.
BIST: BISTECH 3.0 Dress Rehearsal
TT plans to participate in the Dress Rehearsal for the BISTECH 3.0 scheduled by the exchange for 13 May, 2023. This Dress Rehearsal will be conducted in the TT Production Environment on the said date. For this test, all BIST systems will open as a normal working day on Saturday morning and session hours valid in the production environment will be applied.
Company admins will need to update the order entry connection settings with the latest user details that they may have received from the exchange for this test.
SGX Titan & SGX GIFT City: Industry-wide BCP Exercise
SGX is conducting an Industry-Wide Business Continuity Planning Exercise scheduled for Saturday, May 13 2023. SGX will simulate an intra-day failure at its PDC. All Singapore-based Securities and Derivatives Trading, and Clearing Members are required to participate in this exercise.
Additional details about connecting to TT for participation will be provided in due course.
Eurex/EEX: T7 Release 11.1
Eurex and EEX will update the Derivatives Trading System Eurex T7 to version 11.1 on 22 May 2023. No new functionality will be added for this upgrade.
The UAT environment will be down from Thursday, March 30 until Tuesday, April 4th for the upgrade, and TT will target having availability for the upgraded environment by Monday, April 10th at the latest.
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.
Updated information, including details about UAT test availability, will be relayed here in System News and Updates as it becomes available from the exchange.
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 has begun planning to complete all required software changes and testing efforts for both Inbound Dropcopy and FIX Order Routing.
TT will provide all customers with the completed Member Readiness Sign-Off on or before May 31, 2023.
Updated information, including a timeframe for availability in UAT, will be relayed here in System News and Updates as it becomes available.
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.
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.