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SGX: Patching activity for SGX member facing devices, Eurex/EEX: ETI TLS Encryption and More

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SGX: Patching activity for SGX member facing devices

Q4

SGX has recently started sending out notifications to inform Members that the exchange is scheduling maintenance activity on devices used by Members in the Secondary and Primary Data Centers.

SGX is scheduling all such maintenance activity during the afternoon/evening hours on Saturdays, usually 3:00 pm to 11:30 pm.

There is no impact to the TT platform since TT services are shut down during the affected time periods. As always, services will be closely monitored during start-up and any irregularities will be recognized and resolved immediately.

Eurex/EEX: ETI TLS Encryption

December

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:

InterfaceMandatory In SimulationMandatory in Production
ETI LF04 August 202323 October 2023
ETI HF24 November 202311 December 2023

These changes are complete in Production.

TT Excel Plugin Certificate Expiration

December 19

On December 19, 2023, the certificate used with the TT Excel plugin will expire.

TT Platform Impact

As of December 19, all TTW/TTD Excel plugin users will need to update to the new certificate, which is included in the latest TTD download or can also be installed through the TTW GUI by choosing File > Excel > Download Plugin.

Should you have any questions, please contact TT Support.

TFEX: Adjusted Year End Holiday Schedule

December 29

The Stock Exchange of Thailand has announced a change in the SET / TFEX New Year holiday trading schedule. The New Year Holiday has been moved from Tuesday, January 2 to Friday, December 29. The TT Platform has been adjusted to account for the change in schedule.

As part of this change TFEX will also update the Last Trading Date and Expiration Date of all TFEX series expired in December 2023. Since both Last Trading Date and Expiration Date are handled automatically by TT Market Data Server, changes to the TT platform are not required. All customers who would prefer to verify the Last Trading Date and Expiration Date changes for themselves are welcome to review the changes in the TT UAT “TFEX_DEV” market starting from Friday, November 24, 18:30 ICT.

No action is required on the part of TT end-users for handling these changes.

JPX: Implementation of Roman Alphabet Characters in Securities Code

January 1, 2024

JPX has announced an upcoming change to the formation of Securities Codes for new instruments. After the changes, Securities Codess will include Roman Alphabet Characters and the change will go live starting from January 1, 2024.

TT Platform Impact

There is no impact to the TT platform. Because the TT platform uses internally-generated “instrument IDs” for tracking instruments throughout the system and does not use JPX Securities Codes for functionality, no changes are required.

CME: Mandatory Migration – iLink3 Binary Order Entry Protocol for CGW

TBD, 2024

CME is introducing iLink3 on Convenience Gateways (CGW) for trading futures and options on CME Globex. TT is targeting UAT to be available in Q2 2024. More details will follow in upcoming System Updates.

CME will be going live in Production in February, however TT will not be supporting CGW on ilink3 until later in the year. TT will be providing customers with the ability to participate in Mock testing sessions which we will coordinate with CME and communicate details at a later date. CME will be decommissioning CGW iLink2 on December

TT will be providing a high-level project milestone/timeline document and will share a migration guide as we get closer to the go-live. Customers may be familiar with the MSGW ilink3 upgrade that occurred in 2019, and this CGW upgrade to ilink3 will be very similar.

JPX: Addition of Prime 150 Index Futures

March 18, 2024

JPX has announced the Addition of Prime 150 Index Futures with an effective date of March 18, 2024. The product code for the new product is JP150 and it will be available for testing in UAT starting from mid-to-late December, 2023. For Production, Prime 150 Index Futures will be available on TT for Risk Limit setup and other configurations starting from January 15, 2024.

Additional Resources

JPX: Addition of Weekly Contracts on Electricity Futures

March 18, 2024

JPX has announced the Addition of Weekly Contracts on Electricity Futures with an effective date of March 18, 2024. The product codes are listed below and they will be available for testing in UAT starting from mid-to-late December, 2023. For Production, the products will be available on TT for Risk Limit setup and other configurations starting from January 15, 2024.

  • EEBW (East Area Weekly Baseload Electricity Futures)
  • EWBW (West Area Weekly Baseload Electricity Futures)
  • EEPW (East Area Weekly Peakload Electricity Futures)
  • EWPW (West Area Weekly Peakload Electricity Futures)
Additional Resources

JPX: Revision of Tick Size for LNG Futures

March 18, 2024

JPX has announced a change of Tick Size for LNG Futures with an effective date of March 18, 2024. Tick Size changes are routine changes on the TT Platform and as such the updates will be applied to all TT environments automatically, immediately upon being sent out on the exchange’s Market Data Feed. The changes will be available for testing in UAT starting from December 6, 2023. The changes will be available in Production starting from March 18, 2024.

Additional Resources

IDEM: Migration to Euronext

March 25, 2024

On March 25, 2024, all IDEM products will migrate to Euronext. On TT, the IDEM market will be decommissioned, and these products will be available to trade on the Euronext exchange. In addition to existing Euronext order types of Market and Limit, Stop Market and Stop Limit will be allowed for IDEM derivatives. TT also plans to support the Euronext STP functionality, which will be applicable to IDEM products too. TT will release these changes in the TT UAT environment in 2 phases –

  • Phase 1 – IDEM products will be available to trade on Euronext through TT in the UAT environment on 20 Dec, 2023. TT will not support Stop orders and Euronext’s STP functionality in this phase. Traders can enter orders on these products on Euronext through TT using their existing Euronext user setup.
  • Phase 2 – Stop orders and the STP functionality will be supported on the TT UAT environment for IDEM products on Euronext in Jan 2024. A new option for subscribing to the IDEM products will be available under Users >> Exchanges (Euronext) >> Subscriber Market Data, which will need to be enabled in order to receive market data and enter orders on IDEM products.

Further details and the exact dates around this migration will be communicated in subsequent System News.

Euronext: Support for Euronext’s STP functionality

March 25, 2024

TT will extend support to Euronext exchange’s STP functionality on 25 March 2024. This will be available to test on TT UAT environment in Jan 2024. On TT User Setup, users can set the SMP ID and SMP Instruction for this functionality to take effect. SMP Instruction can be set to any of the below options –

  • Cancel Resting Order
  • Cancel Incoming Order
  • Cancel Both Orders

HKEX: Introduction of the 10-year China Ministry of Finance Treasury Bond Futures

Q1, 2024

HKEX has announced the long-awaited introduction of 10-year China Ministry of Finance Treasury Bond Futures to their product line-up. The product launch date is tentatively scheduled for Q1 2024. 

Changes to the TT platform are not needed for support of the new product. The product symbol is HTT and it will be available for testing in the UAT Environment starting from the minute that the exchange makes it available on their Test Environment Market Data Feed.

HKEX: Self-Match Prevention Service Enhancements

Q2, 2024

HKEX has announced enhancements to their Self-Match Prevention Service which will expand the methods of utilizing and accessing the SMP feature. The enhancements have a tentative Go Live date in Q2 2024.

At this time, TT is evaluating the changes to the API and will communicate plans for support of these enhancements in the near future. The already-existing HKEX SMP implementation will continue to operate normally, with no changes, both before and after the rollout of the exchange’s new enhancements.

LME: New Trading Platform

April 2024

LME will be introducing a new API for Order Entry and Market Data in Q2/2024. This will be made available in the UAT environment in Q4/2023. More information will be provided in upcoming System News and Updates.

TFEX: New Currency Futures

Q2-Q3, 2024

TFEX has announced plans for a production launch of the new Thailand Currency Futures with a tentative date of November 20, 2023 Q2-Q3, 2024. These are the same Currency Futures that were originally scheduled for launch in July of 2022 and Members already verified them during the 2022 IWT – MME testing.

Since the TT platform was fully updated for handling the products prior to the 2022 IWT tests, no further software changes are required on the TT side at this time. The Product Codes are as follows:

  • EUR/THB Futures – “EUR”
  • JPY/THB Futures – “JPY”

The exchange requires that Members verify the new Currency Futures in the TFEX “NEXT-B” Test Environment starting from September 4, 2023. Members may complete testing at any time (pending exchange availability of the feature) in the TT UAT “TFEX_DEV” Environment.

JPX: Change of Derivatives Market Trading Hours

November 5, 2024

JPX has announced that starting from November 5, 2024 there will be a change of trading Hours for the Exchange Derivatives Market due to extension of Trading Hours at TSE. Details about changes to the TT platform and availability of testing in UAT will be posted here in System News as they emerge.

TFEX: Extended Trading Hours

TBD

TFEX has announced tentative plans for an extension of trading hours for Non-Equity Products effective November 20 27, 2023. The exchange is planning a 2-phased approach for implementation of the changes and has stated that timelines would be communicated at a later time.

The exchange requires that Members verify the new trading hours in the TFEX “NEXT-B” Test Environment starting from September 4, 2023. Members may complete testing at any time (pending exchange availability of the feature) in the TT UAT “TFEX_DEV” Environment.

TT Platform Impact

There is no impact to the TT platform. Since TT TFEX services already stay connected to the exchange past the new Non-Equity Products‘ closing time, no changes are required.