CME Market Data Subscription Agreement Change
August 31
As of September 1, the CME will update their market Data Subscription Agreement.
- From August 11, users in UAT have been prompted to sign a new agreement in order to allow continued access to CME market data
- Deployment of the new Agreement will occur in Production on August 26, 2024, and all users will be required to accept the agreement prior to October 1, 2024 in order to allow access to CME market data
- API users will need to access TT Setup to sign the new agreement
ICE: Manual Order Indicator (Tag 1028)
September 1
ICE has announced that, in order to meet regulatory requirements, Manual Order Indicator (Tag 1028) will become mandatory for New Order Cross [35=s].
The effective date for this requirement was updated from July 1, 2024, to September 1, 2024, as noted in the attached circular. TT began supporting this feature starting July 1, 2024.
TT Impact
This change applies to the Basis, Block, Cross, and Asset Allocation trade types in ICE and ICE_L. For trades placed manually via the front end Blocktrader widget, TT will send 1028=Y to ICE. No user action is required. The ability for FIX clients and .NET SDK clients to override Tag 1028 will be introduced in UAT in September. Until then and if not specified, the default 1028=Y (manual) will apply to orders placed by FIX and .NET SDK clients.
ICE is also mandating that Manual Order Indicator (tag 1028) be set in regular orders as well, and TT is already handling this requirement as follows:
- For manually placed orders via the front end such as Limit (Tag 40=2), Market (Tag 40=1), Stop Limit (Tag 40=4), and Stop Market (Tag 40=3), TT will assign 1028=Y.
- For the orders placed via the front end, but internally managed by the Automated trading server or Algo, TT will set 1028=N. This includes Autospreader, Aggregator, ADL Algo Trading, TT synthetic order types, and TT premium order types.
- FIX clients and .NET SDK clients can override Tag 1028. However, if not specified, the default setting is 1028=N.
More Information from the exchange:
IFEU :
Announcement: https://www.ice.com/publicdocs/circulars/24074.pdf
FAQ: https://www.ice.com/publicdocs/circulars/24074_attach.pdf
ICE Endex:
Announcement: https://www.ice.com/publicdocs/endex/circulars/E24011.pdf, https://www.ice.com/publicdocs/circulars/24084.pdf
FAQ: https://www.ice.com/publicdocs/endex/circulars/E24011_attach.pdf
HKEX: Data Centre Failover Rehearsal
September 7
Summary: The Hong Kong Exchange has announced a Data Centre Failover Rehearsal scheduled to take place on September 7, 2024. The exercise aims to help Exchange Participants to practice and refine contingency and operational procedures during a simulated service outage in the primary data center and subsequent failover to systems in the secondary data center.
Access to Testing: All EPs are invited to participate and must register with the exchange online by August 30, 2024, to take part in the rehearsal (link provided in the circular linked below). The TT Production environment will be available from 11:15 to 16:15 HKT on the day of the test. TT staff will verify the Market Data (OMD-D) portion of the test.
Additional Resources
Exchange Circular MO/DT/181/24
(Updated) CME: Mandatory Migration to iLink 3.0 – Available in Production
November 15, 2024
Update: In anticipation of the seasonal change freezes beginning in December, and the potential penalties imposed by CME for not migrating to iLink 3.0 by the end of 2024, TT has established a deadline of November 15, 2024, for all clients to complete their migration to CME iLink 3.0 on the platform. Support for CME iLink 2.0 will end after this date.
Summary: CME has introduced support for iLink3 on Convenience Gateways (CGW) for trading Futures and Options on CME Globex. CME will decommission CGW iLink2 on Jan 31, 2025 however, all customers must migrate by December 31 of this year to avoid penalties.
Convenience Gateway Migration from iLink 2.0 to iLink 3.0: Customers familiar with the MSGW iLink3 upgrade that occurred in 2019 will find the CGW iLink upgrade familiar. The steps for migrating are as follows:
- Coordinate with CME to apply for an iLink3 Convenience Gateway Session.
- When applying for a new iLink3 Session, Members should specify TT frontend name “TT CME iLink3 CGW”
- For each iLink Session, create NEW Connections in Setup
- Be sure to use a Session ID created by CME specifically for iLink3 (see #1 above).
- Be sure to set the Connection Type to “Convenience Gateway iLink3.”
- PLEASE NOTE: Modifying an existing connection’s “Type” (for example, changing a connection from “Convenience Gateway” to “Convenience Gateway iLink3” is not supported. All Customers migrating from iLink2 to iLink3 must create a new connection for iLink3.
- FIX configurations, Order Tag Defaults, etc. will all continue to function with no changes required since the functionality of TT CGW iLink3 is identical to TT MSGW iLink3.
- Throttle Limits
- For On-Demand order entry, TT recommends that customers set their Connection level Max Order Rate to 250 transactions per second in order to ensure CME iLink session throttle limits are not exceeded.
- This limit will be applied to New Order Single and Change messages, but Cancel messages will not be throttled by TT
- Note: Cancel messages are accounted for in the rolling transaction per second queue, but will not be rejected by TT
Access to Testing: Convenience Gateway for iLink 3.0 OnDemand Order entry is available now for testing in UAT. Members who have not yet started verifying iLink 3.0 are strongly encouraged to begin testing as soon as possible.
Access to Production: Convenience Gateway for iLink 3.0 OnDemand order routing is available now for Production Trading. Members are welcome to begin migrating as desired. User Acceptance Testing prior to migration is highly recommended.
Documentation/ iLink3 Migration Guide: The TT CME iLink3 Migration Guide is now available at the link below. Version 2.0, which includes more details on Pre-Registration functionality and implementation, will be released during the week of September 9-13.
Pre-Registration vs On Demand Order Support: At this time, TT Support of CME iLink 3.0 is limited to OnDemand Orders only. However, TT Engineers are currently working to complete support for the exchange’s new “Pre-Registration” Order entry method. Details about TT handling of Pre-Registration, including implementation details, Max Order Rate settings and delivery schedules are provided in the forthcoming iLink3 Migration Guide.
Prior to TT’s Production launch of Pre-Registration Support, customers will have the opportunity to participate in Mock sessions which we will coordinate with the CME.
Further updates regarding timelines, migration, documentation, etc will be shared here in System News.
Additional Resources
TT CME iLink3 Migration Guide – UPDATED!
Euronext: Clearing Migration for Financial Derivatives
September 9
The second phase of the Euronext Clearing migration, which began on 15 July with Commodity Derivatives, is scheduled for 9 September:
- Commodity Derivatives Go Live Weekend: July 15 (completed)
- Financial Derivatives Go Live Weekend: September 9
Euronext Clearing will no longer process the values sent in the Account (Account Info field on TT) from July 15 for Commodity Derivatives, and from September 9 for Financial Derivatives. Customers affected by this are requested to contact their onboarding representatives for any required changes in TTUS configuration.
On the Friday before this Go-Live (i.e. on September 6):
- The evening trading session for the Index Futures on Amsterdam and Paris markets will not take place.
- On Friday, September 6, after Market Closure, Euronext will cancel all resting orders on the Financial Derivatives Markets.
- Euronext deactivates any spreads that don’t have any active GTC/GTD orders temporarily, and again reactivates them before start of trading. Accordingly, these will get deactivated on TT, and will get added back once Euronext adds them.
- There will not be any impact on the Commodity Derivatives and IDEM markets.
NOTE:
- TT strongly recommends customers to carry out front to back testing with Euronext Clearing from the TT UAT environment to ensure there are no unforeseen issues due to this clearing migration.
- TT recommends that customers cancel their active GTC / GTD orders in the FInancial Derivatives market in the production environment before close of trading on 6 September and not rely on the exchange’s order purging to avoid any stale orders on TT.
- Since the Euronext API connectivity is not impacted by this clearing migration, there is no corresponding TT upgrade / release for this.
Additional Resources
Euronext Clearing Migration Go Live Details
CME: Change to E-mini S&P Options User Defined Spreads Market Data Channel – Resting Orders Elimination
September 22
TT has received the following communication from the CME:
Effective Sunday, September 22 (trade date Monday, September 23), E-mini S&P options User Defined Spreads (UDS) (tag 1151-SecurityGroup=1V) will move from Market Data Platform (MDP) 3 Channel 311 to 323 to better load balance across the MDP 3 channels.
To facilitate this change, customers are asked to cancel all Good ‘Till Cancel (GTC) and Good ‘Till Date (GTD) orders on E-mini S&P options UDS after the close on Friday, September 20. After 16:00 CT on Friday, September 20, all remaining GT orders for these User Defined Spreads will be canceled or deleted by the CME Global Command Center (GCC).
GT orders on the E-mini S&P 500 option outrights are not affected by this change.
TFEX: Order Entry Gateway Rebalance
October 5
TFEX has announced an Order Entry Gateway Rebalance for Q4 2024. Prior to the Rebalance Process, all members using a TFEX User Login that requires a gateway change will receive an email from the exchange. The email will contain information about the ID slated for rebalancing, an attendance confirmation survey, the test schedule and the test script.
For all IDs that require a rebalance, the Primary IP and Port as well as the Secondary IP and Port must be updated to match the configuration specified in the exchange email. This update must be completed in TT under Setup → Connections. Members who receive such an email are requested to contact TT Onboarding or Service Management to discuss plans.
On October 5, 2024 TFEX is conducting a connectivity test that is mandatory for all Members required to complete a rebalance.
JPX: Change of Derivatives Market Trading Hours
November 5
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.
Support for the trading hours change is now available for testing in UAT. All customers looking to test the new changes should contact TT support and request “access to the JPX Trading Hours Change in UAT.”
Additional Resources
Factsheet – JPX Trading Hours Change on TT
Eurex/EEX: T7 13.0 Upgrade
November 18
Eurex plans to release T7 13.0 to Production on November 18. Simulation access for T7 Release 13.0 will become available in Simulation on September 9.
Additional information from the exchange (including System documentation, circulars and timelines) is available here → https://www.eurex.com/ex-en/support/initiatives/t7-release13
The following are the anticipated milestones for this project:
Milestone | Expected Date | Delivered Date |
---|---|---|
Exchange Upgrade Announcement | 6/22/2024 | 5/27/2024 |
Exchange Preliminary Release Notes | 7/22/2024 | 7/22/2024 |
Exchange Preliminary Specifications | 8/6/2024 | 8/6/2024 |
Exchange Simulation Available | 9/9/2024 | |
TT Deployment to UAT | 9/9/2024 | |
TT Impact Analysis | 9/20/2024 | |
TT Delivery of Go-Live Plan | 9/20/2024 | |
Exchange Connectivity Test | 11/16/2024 | |
Exchange Go-Live | 11/18/2024 |
Note: TT will restore access to Eurex/EEX in UAT as soon as possible during the week of September 9, once internal testing has been conducted upon completion of the upgrade by Eurex.
B3: Binary Protocol
Q3
B3 has introduced new, lower latency Binary protocols for Market Data via the Unified Market Data Feed (UMDF) and Order Entry via Simple Binary Encoding (SBE).
On March 19, 2024, TT upgraded the B3 Binary market data protocol in UAT, the release note can be found here: https://library.tradingtechnologies.com/release_notes/uat-2024-03.html
Please note that on the new binary SBE UMDF market data protocol, B3 does not send Settle and SettlePU prices. B3 plans to address this in Q2, with the solution becoming available to ISVs in Q3. To address this in the new protocol, TT is implementing an interim solution to retrieve Settle and SettlePU from the old protocol at the beginning and end of each trading session. These values will remain constant until the end of the trading session and won’t be updated in real time. Once this feature becomes available via the new protocol, these values will once again be updated in real-time.
On April 02, 2024, TT deployed the new Binary Order Entry API in UAT. Customers should contact B3 for credentials to be used with the new API. The release note can be found here: https://library.tradingtechnologies.com/release_notes/uat-2024-04.html
* All clients are strongly encouraged to conduct in UAT and provide feedback.
Migration Documentation: https://library.tradingtechnologies.com/downloads/B3_Binary_Protocol_Migration_Guide.pdf
Please note that B3 continues to support the legacy protocols in parallel with the new Binary offering, and the TT migration will follow a phased approach:
- Phase 1: TT will update its Market Data feed to use the new UMDF protocol, which is compatible with both the new SBE Order API and the legacy order entry protocol – no changes are expected for end users. This is completed and available in UAT.
- Phase 2: TT will allow customers to continue using their existing order connections, and in parallel will allow customers to configure and use new connections using SBE.
- Phase 3: TT will discontinue support of the legacy orders API, and customers will need to utilize new SBE connections. Please note that any GTC/GTDate orders on legacy connections will be canceled when we cut off support for the old API.
The following are the anticipated milestones for this project:
Milestones | Expected date | Delivered date | Notes |
TT conformance with B3 for Binary Market Data | February 21, 2024 | February 21, 2024 | |
TT conformance with B3 for Binary Order Entry | February 29, 2024 | February 29, 2024 | |
Deployment of Binary Market Data to UAT | March 19, 2024 | March 19, 2024 | |
Deployment of Binary Order Entry to UAT | April 2, 2024 | April 2, 2024 | TT will provide support for both legacy FIX and Binary protocols |
Migration Document | April 2, 2024 | April 2, 2024 | |
Phase 1: Deployment of Binary Market Data to Production | June 28, 2024 | June 28, 2024 | |
Phase 2: Deployment of Binary Order Entry to Production at end of trading session. | October 11, 2024 | TT will provide support for both legacy FIX and Binary protocols | |
Phase 3: TT discontinues the support of legacy FIX Order Entry protocol | TBD |
CFE Options Support
TT will be adding support for CFE’s Corporate Bond Index Options on IBHY and IBHG, as well as Weekly Options on Cboe Volatility Index Futures (VX).
SGX: FIA Tech Execution Source Code
September 23
SGX has announced the start of support for the FIA Tech Execution Source Code field (FIX Tag 1031) in the SGX Titan DT order flow beginning April 29, 2024. The FIA Tech Execution Source field is now also accessible for SGX traders on TT:
- by using the Setup Account setting Customer Order Handling Instruction under SGX Exchange Properties. Or,
- by sending a value in Tag 1031 from FIX Order Routing.
TT Platform support for the FIA Tech Execution Source Code is available now for testing in UAT. Support for the feature will be available in Production starting from September 23, 2024.
Additional Resources
Guidelines for the FIA Execution Source Code Schema
(Updated) JSE: Release 7.7: Self-Match Prevention
H2
JSE has announced Release 7.7, occurring in the latter half of 2024. This release will include the introduction of Self-Match Prevention (SMP) functionality, however, the functionality will ONLY be available for the Equities markets, which are not supported on TT.
Should the exchange make SMP functionality available for use on Derivatives markets in the future, TT will offer support.
TFEX: Auto Halt
Q1 2025
Summary: TFEX has announced support for a new Auto Halt feature which will trigger when the volume of orders exceeds a threshold that is pre-defined by the exchange. TFEX will confirm and announce the Go Live date after the improvements have been approved by the SEC and once the overall readiness of market participants has been met.
Handling of Trading Status: There are two trading statuses associated with the new feature, which will be shown on the TT platform as follows:
- Halt (PAUSE_D) = “Freeze” on the TT platform
- Pre-open (PRE-OPEN_CB_D) = “Pre-Open” on the TT platform
The handling for these status updates is already supported on TT and therefore new software changes are not required.
Access to Testing: Information will be provided once made available on the exchange side.
(Updated) LME: New Trading Platform
Q1 2025
LME will introduce a new API for Order Entry and Market Data, LMESelect v10, in Q1, 2025. Access is now available in the TT UAT environment.
The following are the anticipated milestones for this project. Additional details on expected timelines for delivery will be based on the exchange launch date, which is still to be determined.
Milestone | Expected Date | Delivered Date |
TT Initial Deployment to UAT | December 11, 2023 | December 11, 2023 |
Exchange Conformance Deadline | December 22, 2023 | December 29, 2023 |
TT Migration Guide (Draft) | August 15, 2024 | |
Exchange Dress Rehearsal 1 (TBC) | September 23, 2024 | |
TT Migration Guide (Final) | September 30, 2024 | |
TT Delivery of Go-Live Plan | September 30, 2024 | |
Exchange Dress Rehearsal 2 (TBC) | October 7, 2024 | |
Exchange Go-Live ( Testing only ) | October 21, 2024 | |
Exchange Go-Live ( Production ) | TBD |
LME will provide another update in June and more details will be made available then.
TFEX: STEC Restructuring Plan
TBD
Summary: TFEX has announced a restructuring plan for Sino-Thai Engineering and Construction PCL (Symbol = “STEC”). Upon completion of the restructuring plan, TFEX will cease trading on “STEC” and continue trading on a new Holding company with symbol “STECON.”
Handling of Positions and Orders: TT will not automatically move any positions from STEC to STECON. TT will not automatically move any working orders from STEC to STECON. Traders who have open positions on STEC and wish to maintain their positions after the restructuring should work with their Risk Administrators to create SODs or Admin Fills on STECON.
Additional Information: Users who need details regarding SET/TFEX Clearing, Margin, Credit and other concerns related to the STEC restructuring plan should reach out to their Brokers or respective exchange representatives.
Access to Testing: The exchange provided opportunities to test the behavior in UAT, and they concluded this testing on May 24, 2024.
Consultation and Verification: Customers looking for specific details about test procedures and verification points should consult with their TFEX exchange representative or Broker.
Disaster Recovery and Mock Testing
LME : Disaster Recovery Test
September 7
Summary :- The London Metal Exchange (“LME”) is scheduling a failover test and changeover of LME and LME Clear production services from the secondary data centre (“DC 2”) to the primary data centre (“DC 1”) on Saturday 7 September 2024.
Test Participation:On the scheduled date, production services will be made available for participants to complete connectivity tests in the respective data centre (DC 1) .Following the tests, the services will remain as production service at DC 1 until further notice.
Participants should ensure that they have connectivity to both data centres provisioned within their LAN (e.g. appropriate routing/firewall rules) and can connect to both data centres. For the avoidance of doubt, participants using the LME Domain Name Service (DNS) and utilizing the Fully Qualified Domain Name (FQDN) do not need to make any changes providing firewall permissions allow for access to both data centres.
Members and market participants should utilise their CDC/LMEnet connections to access LME systems and test their services during the connectivity test window.
SGX: Data Recovery Exercise for Derivatives
September 14
Summary: With reference to Circular No. DT/CCM: 4 of 2023, SGX will conduct a data corruption, recovery, and reconciliation exercise (DRE) in Titan DTDC systems. The objective of this exercise is to practice recovery, reconciliation, trading and clearing resumption with Derivatives Members. This exercise also aims to refresh crisis communication, escalation protocols and procedures between SGX and Members.
Test Participation and Registration: SGX will conduct the test in the SGX Titan Member Test Environment (MTE) which is accessed on TT via the UAT environment. Members who have not yet registered their participation via the SGX BCP Information Portal (http://www.sgx.com/BCP) should contact SGX as soon as possible since the official close of Registration was on Monday, June 10, 2024.
Participation is mandatory for all Trading Members (Agency) and Clearing Members based in Singapore.
Access to Testing: As per information received from SGX, all participants are required to apply for new User IDs for accessing the Test Environment. Furthermore, all participants should ensure that they have configured their Accounts appropriately to interface with the SGX Clearing System. Please reach out to the exchange directly at [email protected] for any questions or concerns related to the SGX User ID or Clearing ID application process.
The exchange requested that all participants configure their TT connections to connect to the SGX Conformance Test environment and complete a login test. The exchange’s deadline for this was August 21, 2024. Any customers who plan to participate in the test and have not yet completed their ID application process and connectivity test should do so with urgency.
CEDX: Data Recovery Test
September 21
TT has received the following from CEDX regarding its DR testing on September 21:
On Saturday, 21st September 2024, 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. The purpose of this testing day is for Cboe to simulate various DR failover scenarios, including a test of market failover from its primary data centre at Equinix Slough (LD4) to its secondary data centre at Equinix Park Royal (LD3).
Additional information from the exchange may be found here:
https://cdn.cboe.com/resources/release_notes/2024/Cboe-Europe-Annual-Disaster-Recovery-Test.pdf
TT will participate in this testing.
HKEX: Severe Weather Trading
September 23
Summary: HKEX has announced plans to implement Severe Weather Trading starting from September 23, 2024. The date is tentatively set pending regulatory approval. After Severe Weather Trading has been put into effect, all trading and market data systems will continue operating as usual, the same as during a regular trading day, regardless of Severe Weather conditions.
Changes to the TT Platform are not needed and there will be no new software versions deployed for supporting Severe Weather Trading.
August 24 Practice Session: HKEX is hosting an optional practice session for Severe Weather Trading on Saturday, August 24. TT will not participate in the Practice Session.
July 16 ~ End-to-End Test Session: HKEX is hosting an optional End-to-End Test Session for Severe Weather Trading starting from Tuesday July 16, 2024 through Friday, August 23. All TT customers are welcome to login to the UAT Environment and conduct testing as needed.
Readiness Declaration: HKEX requires that all Exchange Participants (except for those with certain exemptions) complete and submit a Readiness Declaration form on or before August 30, 2024. EPs should make use of the above-mentioned End-to-End Test Session to verify their readiness and submit their declaration forms.
Additional Resources
HKEX FAQ on Severe Weather Trading
TFEX: SET Alternate DR (DC3)
November 9
TFEX has announced plans to conduct their annual SET Alternate DR (DC3) test on November 9, 2024. TT does not provide connectivity to the SET/TFEX “Alternate DR” / Tertiary Data Center. Member participation in the test is not mandatory.
Note that all members are required to register Non-Participation by completing the Participation Survey, which will be sent out to all Members in due time from the SET Contact Center. Any questions or concerns regarding this point should be directed to the SET Contact Center.
New Markets
FMX: Launch of FMX Futures Exchange
September 9
FMX Futures Exchange, which will be a marketplace for futures contracts on U.S. Treasuries and SOFR, is expected to start its operations in September 2024. TT will support trading on this new exchange on its launch. FMX is available in the TT UAT environment and interested customers can reach out to their Onboarding representative for assistance in getting connected to FMX.
The following are the anticipated milestones for this project.
Milestone | Expected Date | Delivered Date |
TTUS Deployment to Production | Aug 23, 2024 | Aug 23, 2004 |
TT Initial Deployment to Production | Aug 30, 2024 | |
Connectivity Testing | Aug 31 to Sep 6 | |
TT Final Deployment to Prod | Sep 7, 2024 | |
FMX Go Live | Sep 9, 2024 |
The below fixes are targeted to be deployed to TT UAT on 30 Aug –
- Allowing Market-IOC and Market-FOK orders
- Overrides for Customer Order Capacity and Order Origination Trader
- Login with both primary and secondary user ids
In preparation for the Go Live, FMX has announced that they will conduct dress rehearsal tests in their production environment from 31 Aug. The details and schedule of these tests will be as –
- 31 Aug is reserved for internal TT testing in order to ensure TT systems are able to connect to FMX in the production environment.
- From 2 Sep to 6 Sep, customers can enter orders and participate in these dress rehearsal tests. Please note that FMX will support only order entry during the dress rehearsal, and will not support order matching even if the orders cross the available market.
- The trading session will follow the regular session times of 9 PM to 5 PM ET (trading session will open on Sunday, 1 Sep at 9 PM ET).
- Test instruments will be made available by FMX, and customers will need to use the test credentials, that will be shared by FMX, for configuring their FMX order connections on TT for these dress rehearsal tests.
- The three fixes that are planned for TT UAT deployment on 30 Aug will not be included in this dress rehearsal. These will be deployed to production on 7 Sep.
GFO-X: New Market for Cryptocurrency Derivatives
September 27
TT will support the GFO-X exchange, the UK’s first regulated and centrally cleared trading venue dedicated to digital asset derivatives, on launch in Q3 2024.
GFO-X is now available in the TT UAT environment, and interested customers can reach out to their Onboarding representative for assistance in getting connected to GFO-X.
Further information will be provided in upcoming notices.
New Products
Please Note: Trading Technologies’ default approach is to support every new product listed, on the products’ first day of trading, for all markets available on the TT trading platform. If a new product listing receives high-profile attention or is of significant industry importance, TT may announce support for it below. For all other new products announced by exchanges but not listed below, users should expect that TT provides support unless otherwise noted.
CFE: S&P 500 Variance Futures
September 23
CFE will launch S&P 500 Variance Futures on 23 September. Existing customers will be able to trade on these contracts under the VA symbol on TT without requiring any changes to their existing setup.
These contracts are currently available in the TT UAT environment for customer testing.
- In addition to the standard expiration of 3rd Friday, the CFE test environment has additional contracts that expire on other dates. CFE has confirmed that these are created due to their internal testing, and only the contracts that expire on the 3rd Friday are relevant and will be available in the production environment.
HKEX: Introduction of Weekly Stock Option Contracts
November 4
HKEX has announced plans to introduce weekly expiries for ten single stock option products by the end of 2024. The Product Codes for the new Weekly Options are listed on TT as follows and are now available for testing in UAT:
- ALBW : Alibaba Group Holding Ltd.
- BIUW : Baidu, Inc.
- BYDW : BYD Company Limited
- HEXW : Hong Kong Exchanges and Clearing Limited
- HKBW : HSBC Holdings Plc.
- JDCW : JD.com, Inc.
- KSTW : Kuaishou Technology
- METW : Meituan
- PAIW : Ping An Insurance (Group) Company of China, Ltd.
- TCHW : Tencent Holdings Limited
The new products will be available on TT in Production starting from November 4, 2024, just prior to the exchange’s opening auction trading period.
Additional Resources
Exchange Circular EQD/09/24
TFEX: New Currency Futures
November 4
Summary: TFEX has announced plans for a production launch of the new Thailand Currency Futures with a tentative date of November 4, 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 test.
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”
Access to Testing: In preparation for production release, the exchange has arranged for a third round of testing from October 7 to 10, 2024. Customers may access the testing events in the TT UAT Environment using the “TFEX_DEV” market (exchange-side “NEXT-B” test environment). Test participation is optional.
HKEX: Introduction of 10-Year China Ministry of Finance Treasury Bond Futures
TBD
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 will be announced when the preparatory work is completed on the exchange side.
Changes to the TT platform are not needed for support of the new product. The product symbol is HTT and it is available now for testing in the UAT Environment.
Additional ResourcesExchange Circular EBF/FIC/004/24