- SGX: Titan DT/DC Hardware Refresh
- CME: Resting Order Elimination: Changes to External Alias for Monthly and Weekly Friday Options on Brazilian Real/U.S. Dollar (BRL/USD) Futures
- CFE: Audit Trail File layout update
- Euronext: Standing Data Migration from EFS to CFTS
- LME: New Trading Platform
- NSE: November Mock Test
- JPX: Name Change of TSE Mothers Index Futures
- Cboe Europe Derivatives (CEDX) SSO Options
- TFEX: Extended Trading Hours
- Eurex/EEX: T7 Release 12.0
- Cboe Europe (CEDX) Annual Disaster Recovery Test
- Eurex/EEX: ETI TLS Encryption
- SGX: Titan DT/DC Update
- JPX: Implementation of Roman Alphabet Characters in Securities Code
- CME: Mandatory Migration – iLink3 Binary Order Entry Protocol for CGW
- IDEM: Migration to Euronext
- JPX: Addition of Weekly Contracts on Electricity Futures
- HKEX: Self-Match Prevention Service Enhancements
- LME: New Trading Platform
- TFEX: New Currency Futures
- JPX: Change of Derivatives Market Trading Hours
SGX: Titan DT/DC Hardware Refresh
On October 21, SGX will upgrade all servers, network gateways and network switches to Service Release (SR) 11 which is recompiled with the latest software versions.
Participants are encouraged to cancel their long-dated orders on Friday, 20 October 2023. All remaining long-dated orders as of T+1 close on Friday, 20 October 2023, will be purged from the system.
TT successfully participated in the Industry Wide Test (IWT) for this hardware refresh that was organized by SGX on Sep 9, 2023. No additional TT software deployment or testing is required for the go-live weekend.
CME: Resting Order Elimination: Changes to External Alias for Monthly and Weekly Friday Options on Brazilian Real/U.S. Dollar (BRL/USD) Futures
Please note: To facilitate this change, customers should cancel all Good Till Cancel (GTC) and Good Till Date (GTD) orders for these contracts by the close Friday, October 20. After 4pm CT on Friday, October 20, any remaining GT orders on these markets will be removed by CME.
CFE: Audit Trail File layout update
CFE is updating their Audit Trail layout, v1.3 https://www.cboe.com/us/futures/regulation/ which is effective from October 29. TT has made the required changes to follow the rules. Please be aware that TT does not support Options or quotes, so columns related to them will be empty in the complinance files.
Euronext: Standing Data Migration from EFS to CFTS
As communicated in the Info Flash of 30 May 2023, Euronext will decommission the Euronext File Services ( EFS ) and End of Day (EOD) application by 30 October 2023 . The services provided via EFS and EOD are already available via Euronext’s new file transfer system: Common File Transfer System (CFTS), live since December 2022.
TT has completed changes to support this migration in Production.
LME: New Trading Platform
TT will make support for the New Trading Platform (LME_NTP) in UAT on Monday, November 6th. Customers who have obtained their own credentials from the exchange can set up connections on November 6th or after. Please speak with your Onboarding Manager if you would like to be added to TT’s DTS Company in UAT.
NSE: November Mock Test
TT will participate in the contingency drill / mock test that will be conducted by NSE on November 4. Customers can participate in this mock by using the same connections and credentials that are used for trading in prod through TT. For additional details and the exact mock timings, please refer to the NSE Contingency Drill Calendar page.
JPX: Name Change of TSE Mothers Index Futures
JPX has announced that the product name of the TSE Mothers Index Futures will be changed to “TSE Growth Market 250 Index Futures” starting from November 6, 2023. For the TT platform this is a simple change of text value in TTW’s Description field / FIX Tag 107. The change will be reflected on TT starting from November 6, but there is no impact to trading functionality and no action is required on the part of TT end users.
Cboe Europe Derivatives (CEDX) SSO Options
Starting from November 6, 2023, Cboe Europe Derivatives (CEDX) will be launching first phase of Single Stock Equity Options (SSO) for companies based in 10 European countries, including Belgium, Denmark, France, Finland, Germany, Italy, the Netherlands, Norway, Spain, and Sweden. https://www.cboe.com/europe/derivatives/single_stock_options/
TT will support trading of these options, also Traders will be able to create strategies based on these options. This first phase will include 133 products. List of phase one products for SSO options
We encourage traders to test these SSO options in TT UAT environment.
Phase two of SSO options with additional European countries and a wider range of options on stocks will be introduced in February 2024.
TFEX: Extended Trading Hours
TFEX has announced tentative plans for an extension of trading hours for Non-Equity Products effective November 20, 2023. The exchange is planning a 2-phased approach for implementation of the changes. Q4 is the tentative schedule for Phase 1; Phase 2 is still under consideration by the exchange.
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.
Eurex/EEX: T7 Release 12.0
Eurex will upgrade to T7 version 12.0 on November 20 2023. Eurex simulation is once again available and UAT access has been restored on the TT Platform.
Eurex has added additional Mifid/Mifir restrictions . Please find more information about the MiFID II / MiFIR flagging scenarios under eurex.com > Rules & Regs > MiFID II / MiFIR > MiFID II / MiFIR > Client & Member Reference Data > MiFID II / MiFIR Flagging Requirements – Execution decision, investment decision, client ID and DMA .
The following features introduced in this release by Eurex will NOT be supported by TT on release:
- Delta Neutral Total Return Futures trade entry
- New Crossing Procedure and Pre-Arranged Trade Entry
- Buy-Side Trading Disclosure client identification via the Legal Entity Identification
Cboe Europe (CEDX) Annual Disaster Recovery Test
On Saturday, 25th November 2023, Cboe Europe (Cboe) will be conducting its annual disaster recovery (DR) test for the Production BXE, CXE, DXE, TRF, SIS (Equities) and CEDX (Derivatives) environments. TT will be participating in the CEDX Annual DR test.
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:
|Mandatory In Simulation
|Mandatory in Production
|04 August 2023
|23 October 2023
|24 November 2023
|11 December 2023
These changes are complete in Production.
SGX: Titan DT/DC Update
In a recent newsletter (“Titan DTDC Newsletter – Proposed T+1 Trading for United States Single Stock Futures”) SGX announced plans to extend trading hours for United States Single Stock Futures (Grab, SEA and TSMC Futures) into the T+1 session, with a tentative target timeframe of Q4, 2023.
As part of the implementation for this change, the exchange is making several changes to the behavior of OAPI messages, including the dissemination of Instrument Status (Trading Status) messages.
TT Platform Impact
There is no impact to the TT platform. All of the Titan DT/DC Update changes will be supported on TT automatically; no software changes are required. Customers are welcome to confirm the changes in the TT UAT environment, following the schedule outlined by the exchange in the “Session State Timings in Member Test Environment (MTE)” section of the newsletter.
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
February 4, 2024
CME is introducing iLink3 on Convenience Gateways (CGW) for trading futures and options on CME Globex. The iLink3 protocol will launch on the existing CGWs beginning Q1 2024. All customers connected via CGW will need to migrate to iLink3 by Q4 2024. More details will follow in upcoming System Updates.
IDEM: Migration to Euronext
IDEM products will be migrating to Euronext in March 2024. Further details will be provided as the date approaches, which can be found here.
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. Details about the availability of the new products in UAT and Production will be posted here in System News as they emerge.
HKEX: Self-Match Prevention Service Enhancements
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
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
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.