System Admin News & Updates

ASX: Production Environment Business Continuity Test

February 19

On February 19 (Saturday), ASX will conduct a business continuity test in the production environment. The test is to confirm functionality during ASX 24 component failover from the primary to secondary ASX site and to confirm connectivity is maintained when primary ASX Net connections are failed over. Additional details from the exchange may be found here.

Customers must register their interest with the exchange here by close of business on February 11.

TT is planning to participate in the Business Continuity Test. Customers who wish to participate in this testing should contact their TT Onboarding representative to register their interest. 

ASX: Production Environment Business Continuity Test

February 19

On February 19 (Saturday), ASX will conduct a business continuity test in the production environment. The test is to confirm functionality during ASX 24 component failover from the primary to secondary ASX site and to confirm connectivity is maintained when primary ASX Net connections are failed over. Additional details from the exchange may be found here.

Customers must register their interest with the exchange here by close of business on February 11.

TT is planning to participate in the Business Continuity Test. Customers who wish to participate in this testing should contact their TT Onboarding representative to register their interest. 

Eurex: Direct Market Access (DMA) Flow Validation

January 31

Eurex has communicated the following with regard to validation of tag 1724 “OrderOrigination”, effective January 31:

Starting from 31 January 2022, the Eurex T7 system will reject orders, where tag 1724 “OrderOrigination” is set to “true”, i.e. ”5”, but the Exchange Participant is not authorized as DMA Provider with Eurex.

Exchange Participants who currently apply tag 1724 on orders but are not authorized as DMA Providers with Eurex are urged to get in contact with their respective Key Account Manager to trigger the authorization process of their DMA system.

Exchange Participants who are already authorized DMA Providers at Eurex, will automatically be enabled for flagging DMA order flow and are not required to pursue any additional actions.

For further details concerning the DMA-related rules, please refer to the Eurex website under the following path: 

Rules & Regs > MiFID II/MiFIR > DEA/DMA/ORS 

TT Platform Impact

Prior to January 31, customers that support Direct Electronic Access (DEA) should ensure they are properly authorized with the exchange. For assistance with authorization, please contact the exchange. Customers that do not support DEA on Eurex and/or EEX should ensure they are sending “Direct Electronic Access” = No by configuring Order Tag Defaults or Profiles.

SGX: Self-Trade Prevention Enhancement

January 22

SGX is planning to deploy Titan Service Release 8.5 to production on January 22 for the purpose of enhancing their Self Trade Prevention (STP) functionality. Changes will allow for an additional tier of STP checking at a new “Trading Group” level, while still retaining their existing STP functionality.

TT will fully support Service Release 8.5, and the new versions of TT software that support this feature are now available for testing in UAT and will be deployed to Production during the Jan 22-23 weekend.

Use of SGX Service Release 8.5 features will require no new changes or additional configurations on the TT platform. Messages that are currently in use with existing SGX STP features will continue to be the same after the update.

SGX currently plans to make the new STP Trading Groups effective in production starting from February 8. Customers wishing to make immediate use of Trading Groups in production must email their requests to access@sgx.com by January 29. If customers wish to test the new feature in UAT, requests for Trading Group setup in the SGX Member Test Environment must be sent to derivatives_dev@sgx.com.

Trading Group setup request template:

New Self-Trade Protection Trading Group Setup

Nodal: T7 10.0 Upgrade

January 18

Nodal is upgrading to T7 version 10.0. This is available for testing in UAT. The production environment will be upgraded on January 15th, and the new version will go live on Tuesday, January 18, 2022. Please note, Nodal is closed on Monday, January 17th due to the MLK holiday.