System Admin News & Updates

← Back to System Admin News & Updates

[Updated] CME: Change to Maximum Order Quantity for Gold Futures Calendar Spreads

May 3

Effective Sunday, May 2 (trade date Monday, May 3), the maximum order quantity for Gold Futures calendar spreads will be changed from 2,499 to 7,500. 

TT Platform Impact

UPDATE: Customers do NOT need to cancel all Good ‘Till Cancel (GTC) and Good ‘Till Date (GTD) orders after the close on April 30. 

Eurex: Change to Default MiFID Value Requirements

May 21

TT will remove default values sent on orders to Eurex, which had been implemented with the launch of MiFID II and were intended to ensure customer orders were not rejected at that time. Customers must ensure that these values are correctly populated as of that date:

  • Trading Capacity
  • Client ID
  • Liquidity Provision
  • Execution Decision ID

Eurex: Migration of FX Derivatives to the Standard T7 Trading System

June 28

As of May 15, Eurex will transfer its FX derivatives from the T7/FX trading system to its standard T7 trading system. Additional information from the exchange may be found here.

TT Platform Impact

TT will support the migration of the Eurex FX products to Eurex along with the T7 9.1 update occurring in production on June 28. Additional information on configuration will be provided as we approach the date.

MX: Asian Hours Initiative

September 19

As of September 19, 2021, the trading day opening time for the following products will change from 2:00am ET to 8:00pm ET (T-1):

Interest Rate Derivatives (CRA, BAX, OBX, CGZ, CGF, CGB, OGB, LGB)

Index Futures & Sector Index Futures (SXF, SXM, SMJ, SCF, SXA, SXB, SXH, SXK, SXU, SXY, SEG)

Additional Resources

MX Circular 024-21

MX Notice of Date Change – Circular 063-21

SGX: Titan DT/DC Service Release 8


SGX is planning for Titan Service Release 8 for OMnet Applications in June or July of 2021. Final date has not been communicated by the exchange yet. TT will communicate enhancements we will support in the near future. 

X_TRADER Platform Impact

Service Release 8 will not be supported on X_TRADER. The DDE environment will not be available after March 22.

TT Platform Impact

Service Release 8 will be supported in the UAT environment 

ICE: Transition of European Union Emission Allowance Contracts to ICE Endex

June 7

ICE has determined that the trading of the existing EU Emissions Allowance (“EUA”) Futures and Options products be transitioned from IFEU to NDEX, but continue to be cleared by ICE Clear Europe (“ICEU”), during the second quarter of 2021. The transition date has been decided as June 07, 2021.

The summary of the changes can be found in the below table where the products and the corresponding market data group could be referred.

ProductsMarket Type IDExisting Market Data groupNew Market Data group
ECFEUA Future12IFEC (IFEU Commodities)ENDEX (ICE Endex)
EFOEUA Futures Options (Futures StyleMargin)12IFEC (IFEU Commodities)ENDEX (ICE Endex)
ECPICE EUA Daily Futures12IFEC (IFEU Commodities)ENDEX (ICE Endex)
CEUEUAA Future84IFEC (IFEU Commodities)ENDEX (ICE Endex)

Customers need to get in touch with the ICE account support to make sure that they have access to the new market data group in order to trade the above mentioned products.

ICE Trading Support (SMA and LMA Account set up)

 John Rohrer
+1 (770) 857-2487 

Winston Garth
+1 (770) 857-2549

TT Platform Impact

TT will do the required software changes to map the products to the correct market data group on TT platform. The products will be tradable on Day1 after the transition.

Additional Resources

ICE Circular

ICE: STPF and Manual Order Indicator Support


ICE Self Trade Prevention Functionality will be available on the TT platform in Q2. There will be settings in TTUS to provide the STP ID and the instructions.

1. Self Match Prevention ID 

2. Self Match Prevention Instruction

  • R= Cancel Resting order
  • T=Cancel Taker order
  • B= Cancel Both orders

ICE has started supporting the field Manual Order Indicator, Tag 1028, to indicate if an order originated from an automated trading system or if the order was manually keyed in. TT will support this field in Q2. This field is an optional field for ICE as of now. 

Both the features mentioned above are part of ICE Q1 API upgrade and will only be supported on the TT platform.

OSE & TOCOM: J-GATE 3.0 API Upgrade

September 21

Osaka Exchange (OSE) and Tokyo Commodity Exchange (TOCOM) have announced that the production launch of the next-generation derivatives trading system, J-GATE 3.0, will be on September 21. 

TT will provide  information relevant to planning, schedules, client impact and testing availability (for both UAT and Production Weekend Tests) in the near future.

FIA: Execution Source Code Schema Initiative (Tag 1031)

Timeline Varies by Exchange

Multiple exchanges, in cooperation with the FIA Execution Source Code Schema Initiative, are moving forward with plans to implement FIX tag 1031 (CustOrderHandlingInst) on their APIs.

Exchange-Specific Plans
  • CME: Tag 1031 is supported and is mandatory.
  • ICE: Tag 1031 is supported, but not required. 
  • Eurex: Tag 1031 is supported, but not required. 
  • CurveGlobal/IDEM: Tag 1031 is supported with the SOLA 14 Upgrade on February 3, but is not required.
X_TRADER Platform Impact

For CME, tag 1031 is now available in production. Customers should enter a valid value in the FFT6 field in Customer Defaults and/or FIX Account Defaults. For FIX Order Routing applications, FFT6 maps to tag 16903. If no value is set, a default value of “Y” will be sent. CME Gateway 7.18.49 was released on October 18. 

For ICE, tag 1031 is now available with ICE Gateway 7.18.29. Customers should use FFT6 to send the value to the exchange. The field is optional for ICE.

TT Platform Impact

For CME, tag 1031 is now available for use in Production. Customers should select a valid value in Setup or set Order Tag Defaults. 

For ICE, tag 1031 is now available for use in Production. Customers should select a valid value in Setup or set Order Tag Defaults to send the value to the exchange. Customers can choose not to select any value as this is an optional field for ICE.

For Eurex, support of tag 1031 on the TT platform is now available. Customers should select a valid value in Setup or set Order Tag Defaults to send the value to the exchange. Customers can choose not to select any value as this is an optional field for Eurex. On the X_TRADER platform, tag 1031 is not currently supported.

For CurveGlobal and IDEM, support for tag 1031 was added on February 3 for both exchanges.

Additional Resources

FIA Indirect Clearing Documentation


No new products were released this week.