- SGX: Patching activity for SGX member facing devices
- TT Excel Plugin Certificate Expiration
- TFEX: Adjusted Year End Holiday Schedule
- JPX: Implementation of Roman Alphabet Characters in Securities Code
- JPX: BCP Test
- TFEX: Extended Trading Hours
- CME: Mandatory Migration – iLink3 Binary Order Entry Protocol for CGW
- B3 Binary Protocol
- JPX: Addition of Prime 150 Index Futures
- JPX: Addition of Weekly Contracts on Electricity Futures
- JPX: Revision of Tick Size for LNG Futures
- IDEM: Migration to Euronext
- Euronext: Support for Euronext’s Self Trade Prevention (STP) functionality
- HKEX: Introduction of the 10-year China Ministry of Finance Treasury Bond Futures
- HKEX: Self-Match Prevention Service Enhancements
- LME: New Trading Platform
- SGX: Industry-wide BCP Exercise
- TFEX: New Currency Futures
- JPX: Change of Derivatives Market Trading Hours
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.
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 apply 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.
JPX: BCP Test
January 7, 2024
JPX is conducting a Business Continuity Planning Exercise scheduled for Sunday, January 7 2024. Participation in the BCP exercise is not mandatory for Members, but TT will host and support testing during the event. Members who would like to participate should contact their TT Service Manager or Onboarding Representative.
Additional details about connecting to TT for participation will be provided in the coming weeks.
TFEX: Extended Trading Hours
January 15, 2024
TFEX has announced plans for an extension of trading hours for Non-Equity Products with an effective date tentatively set for January 15, 2024. The exchange is planning a 2-phased approach for implementation of the changes with Phase 1 changes starting in January and Phase 2 changes tentatively scheduled to go into effect in February at a yet-to-be-determined date.
The exchange requires that Members verify the new trading hours in the TFEX “NEXT-B” Test Environment which all Members may access 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.
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 support CGW on ilink3 until later in the year. TT will provide 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 decommission CGW iLink2 in December 2024.
TT will provide 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.
B3 Binary Protocol
TT is presently working on adding support for B3’s binary protocols for Market data SBE and Binary Order Entry. It will be available in UAT in Q1 2024.
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
- English: Data & Statistics: JPX Prime 150 Index
- 日本語: マーケット情報： JPXプライム150指数
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
- English: Addition of Weekly Contracts on Electricity Futures and Revision of Tick Size for LNG Futures
- 日本語: 電力先物に係る週間物取引の追加及びＬＮＧ先物の呼値の単位の見直しについて
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
- English: Addition of Weekly Contracts on Electricity Futures and Revision of Tick Size for LNG Futures
- 日本語: 電力先物に係る週間物取引の追加及びＬＮＧ先物の呼値の単位の見直しについて
IDEM: Migration to Euronext
March 25, 2024
On March 25, 2024, Euronext will complete the migration of Borsa Italiana (IDEM) products to the Euronext exchange. On TT, the IDEM market will be decommissioned and these products will be available to trade on the Euronext market.
Notable changes with this migration:
- In addition to the currently supported Euronext order types of Market and Limit, Stop Market and Stop Limit will be enabled for IDEM Derivatives, and will be supported on TT
- TT will introduce support for the Euronext Self-Trade Prevention (STP) functionality, which will be supported on both Euronext and IDEM products.
TT will release these changes to UAT in 2 phases:
- Phase 1, December 20, 2023
- IDEM market data and order routing will be available to users on the Euronext market on their existing credentials
- TT will not support Stop orders or Euronext’s STP functionality in this phase
- Phase 2, January 2024
- Stop orders will be supported in the TT UAT environment for IDEM products
- In Setup, Administrators will be required to permission users for access to IDEM market data on Euronext, as well as to allow trading
- Exchange Self Trade Prevention functionality will be available for both Euronext and IDEM products
The following are the anticipated milestones for this project:
| Milestone | Expected Date |
| TT Deployment to UAT | December 20, 2023 |
| TT Migration Guide (Draft) | January 25, 2024 |
| Exchange Conformance Deadline | January 31, 2024 |
| Exchange Dress Rehearsal 1 | February 24, 2024 |
| TT Migration Guide (Final) | February 26, 2024 |
| TT Delivery of Go-Live Plan | February 26, 2024 |
| Exchange Dress Rehearsal 2 | March 9, 2024 |
| Exchange Go-Live | March 25, 2024 |
Further details on the IDEM to Euronext migration will be communicated in due course.
Euronext: Support for Euronext’s Self Trade Prevention (STP) functionality
March 25, 2024
TT will implement support for Euronext’s Self Trade Prevention (STP) functionality on 25 March 2024. This will be available to test in the TT UAT environment in Jan 2024. In 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, and access is now available in the TT UAT environment. More information will be provided in upcoming System News and Updates.
SGX: Industry-wide BCP Exercise
May 25, 2024
SGX is conducting an Industry-Wide Business Continuity Planning Exercise scheduled for Saturday, May 25 2024. The exchange’s goal is to validate its ability to recover and operate the market in the event of a data center failover scenario and to test its crisis communication capabilities. All Singapore-based Members are required to participate in this exercise.
Additional details about connecting to TT for participation will be provided in due course as the exchange makes them available.
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.