System Admin News & Updates

• 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
• JPX: Mock Testing for three-month TONA futures, Nikkei 225 Micro Futures and Mini Options, ESG Index Futures and Contract Unit changes for Silver and Palladium futures
• 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

ASX: Business Continuity Testing

April 29

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.

• 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

April 20

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 As a consequence, the direct trading access of US Trading Members to AEX Index futures contracts will be withdrawn at that time.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: 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
• Eurex/EEX: ETI TLS Encryption
• IDEM: Migration to Euronext

Euronext: AEX Index Futures – Withdrawal of US Direct Trading Access

April 20

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.

Additional Resources

Euronext Info-Flash 23 January 2023

• TFEX: New Trading System Market Rehearsal
• CME: User Defined Spread (UDS) Name Update
• Euronext: AEX Index Futures – withdrawal of US Direct trading access 
• 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
• Eurex/EEX: ETI TLS Encryption
• IDEM: Migration to Euronext

TFEX: New Trading System Market Rehearsal

April 1

TFEX has announced a Market Rehearsal (MR) for their next generation trading system. The Rehearsal is mandatory for all Members and ISVs.

The “Preparing for TFEX Market Rehearsal” TT Factsheet has been prepared to ensure that all customers are provided with Market Rehearsal setup information and requirements.

• [Update] Eurex: Next-Generation ETD Contracts
• TFEX: New Trading System Market Rehearsal
• CME: User Defined Spread (UDS) Name Update
• Euronext: AEX Index Futures – withdrawal of US Direct trading access 
• ASX: Business Continuity Testing
• TFEX: New Trading System Upgrade
• [UPDATED] CME: DR Data Center Migration and Test 
• BIST: BISTECH 3.0 Dress Rehearsal
• SGX Titan & SGX GIFT City: Industry-wide BCP Exercise
• 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
• IDEM: Migration to Euronext

[Update] Eurex: Next-Generation ETD Contracts

March 27

The Eurex NextGen ETD initiatives are going live this weekend. Please note the following points:

• Update for FIX users: FIX Order Routing clients looking up contracts/placing orders on weekly contracts can no longer rely on tags 200 and 205, as there are now multiple contracts within a single month that will have the same Contract Year/Month. TT’s tag 200 value matches the year and month shown in the contract display name and will not match the year and month values in tag 541 for these contracts.Customers must use Tag 541 to ensure the correct year, month and day values are matched for weekly contracts. 

• TT is adding a new DeliveryTerm value to Tag 18211-DeliveryTerm ‘C’ which represents ‘EOM.’ This tag is not mandatory on orders but will be returned on Execution Reports. This value is not required for order routing. This value will not be available for the Go-Live on March 27th, however for FIX Drop Copy users, a FIX ruleset can be put in place based on AltSecID values to set 18211=C. 

• As a result of the Eurex NextGen ETD initiatives, the instrument name value sent by Eurex and populated in TT’s database in the instrument level field “Name” has changed for all products. This was updated in Production on the weekend of March 17th. Customers using RTD should be aware that changes may be necessary for proper contract lookup. Also, RTD customers should be aware that the instrument detail method will not work for sub-monthly products being introduced.

• Please refer to Next-Generation-ETD-Contracts-Roll-out-Appr.pdf for the timeline for the Roll-out approach in Production. This will provide the integration plans for various products. 
• For a full list of products, please refer to this doc: NextGeneration ETD Contracts – Product List