Home

MiFID PTTS: Post-Trade Transparency Service

1. January 2015 Version 1 6 London Stock Exchange Group Contents 1 Revision History 4 2 Introduction 5 2 1 Scope 5 2 2 References 5 3 Functions 6 3 1 Login and language selection 6 3 2 OTC Report Insert 7 3 3 Report Display 14 3 4 Modify and Remove Trades 19 3 5 Password Change 20 3 6 Exit 20 MiFID PTTS Post Trade Transparency Service January 28th 2015 1 Revision History 28 01 2015 1 6 English version aligned to Italian version Borsa Italiana MIFID PTTS Post Trade Transparency Service Manuale utente Versione 1 6 MiFID PTTS Post Trade Transparency Service January 28th 2015 2 Introduction MIFID PTTS is a web application which enables to access via web browser the Post Trade Transparency Service offered by Borsa Italiana on European equities instruments Borsa Italiana equities and bond instruments and MTS instruments It is possible to access the application over the Internet with a usual browser no add ons nor additional components are required In this way it is possible not only to enter OTC orders but also to get a list of daily activities and query data about OTC historical activity according to the configured user profile rights 2 1 Scope This document provides functional and technical information on the web application for Post Trade Transparency services of Borsa Italiana This document does not provide service rules for this information refer to the fo
2. 3 4 Modify and Remove Trades From the Own Trade Reports Today window it is possible to select the following actions when the down arrow icon on an OTC row is selected gt Remove OTC Trade The OTC selected is removed upon explicit user confirmation the operation result is reported back to the user in case the OTC removal is successful the related row in the table is disabled gt Modify OTC Trade By selecting this option the Modify Own OTC Trade pop up form is ANNa32701220 _BIT_NTI MIFID displayed The form is pre compiled EE EEE with actual OTC values The fields es may be modified when the 4000 submit button is selected a request is sent to the Post Trade Transparency Service to modify the OTC accordingly Note An OTC modification is composed by two separate Operations cancellation and new insert it may happen that while the first transaction cancel is accepted the secondo one insert Submit MiFID PTTS Post Trade Transparency Service January 28th 2015 is rejected by the market In this case the OTC is cancelled and the user shall re insert the modified OTC manually by means of the Enter single Trade Report form 3 5 Password Change At first login time the application may require a mandatory password change The form displayed provides a summary of user credentials on pop up top and the fields required to change password To proceed it is neces
3. is selected the form is cleared for a new entry The time to be specified in the field Trade Date is the trade execution time according to the time zone of the machine where the browser is running The application converts the time in the correct market time zone Instrument A An incremental search feature is ANN4327C1220 BIT_NTI MIFID ANN4327C1220 provided while the user types in EEEE T_NT MIFID ANN43270 1303 the instrument ISIN a list of Capacity Size EEE instruments is provided which match the typed string MiFID PTTS Post Trade Transparency Service January 28th 2015 The final instrument selection from the dropdown takes then place e By clicking with the mouse the item to be selected e By typing the Enter key e By typing the Tab key It is also possible to provide a non listed ISIN code in this case the application does not validate the value before sending to the market the validity check shall be performed directly by the market After the form has been filled and sent to the market either a OTC Trade Confirm popup is displayed with the relevant Trade ID in successful case Or an error popup is displayed with failure details in case of a trade rejection 3 2 2 Enter Multiple Trade Reports The Multiple Trade Entry page can be displayed by clicking the menu item Enter and subsequently selecting the drop down item Enter multiple Trade
4. a a a a i 5011 BIT_NTI Third 1 000 90 1 2014 04 15 A 1 000 90 1 DEO00MQ3J4G2 jw BIT_NTI own E 5011 BIT_NTI 2014 04 15 1 000 90 1 2014 04 15 evan 125 Eii 5 000 90 5 ANN4327C1220 Own 13 000 91 3 BIT_NTI MIFID Lown M E ANN4327C1220 BIT NTI MIFID E 5011 BIT_NTI 890 12000 2014 04 15 E 5011 BIT_NTI 2014 04 15 2014 04 15 2014 04 15 E 14 000 E 5011 BIT_NTI CHA 17 000 2014 04 15 BR so sinti own 20 000 2014 04 15 E 5011 BIT_NTI i 21 000 2014 04 15 E 5011 BIT_NTI i 24 000 2014 04 15 E 5011 BIT_NTI 25 000 2014 04 15 E 5011 BIT_NTI 28 000 2014 04 15 From this table it is possible to modify field values before sending trades to market The change is enabled by clicking on the relevant cell 10 163 a 7 a a M 10m 0 orc M a a 7 a 10 163 a 7 7 z 10M 00M orc M E1063 100 00 orc B 10M 00 orc M 10M 00M orc M 10 163 10B 008 orc 0M 00 orc 10B 00 orc Page 1 Submit Stat Instrument 5011 BIT_NTI J 5090 BIT_NT MIFID 110004704224 After entering the needed changes it is enough to press the button Send to issue the loaded trades to the Post Trade Transparency Service A feedback on processed trades is received from the market and a report message is displayed to the 5094 BIT_NT MIFID 5092 BIT_NTI MIFID 5083 BIT
5. Report upon selection the file selection form is displayed To load the file just click the button Browse and select a valid file which was previously prepared P Browse ee The application accepts the following file formats e xls MS Excel 97 2003 e txt Tab delimited MiFID PTTS Post Trade Transparency Service January 28th 2015 e xls in csv format TO prepare an application compliant file follow the following procedure 1 Download and open with MS Excel the example file available on Borsa Italiana site at url http www borsaitaliana it borsaitaliana gestione mercati migrazionemillenniumit mit mifidpttsmultipleinsertiontemplate2 0 0 zip 2 Leave the header unchanged and fill the fields according to the proposed format Pay attention to the decimal separator and to time date format 3 Save the file as xls Excel 97 2003 Workbook o as txt Text Tab delimited File name MultipleOTc xls Save as type stats ceed mee ed EN The format to be used for file preparation as described in the previous user manual version save as xls with csv format is still valid although deprecated In the following you can find an example of header and data structure Header Instrument Account Type Quantity Price Venue ID Delay Flag Alternative Market Indicator Type Negotiated Price Indicator Countervalue Threshold Overcoming Quantity Publication Transaction Date Trans
6. _NT MIFID 5094 BIT_NTI MIFID 5095 BIT_NTI MIFID SD BIT_NTI 50 FR0011063916 FR0011063924 FR0011063957 FROO11063973 FROO11063007 Information Number of OTC processed 48 Number of rejected from market 42 Click on the icon of the OTC in order to read the related error message customer with processing summary results For each OTC three market statuses are possible e Non validated OTC e Validated and correctly entered OTC e Validated and rejected OTC 12 MiFID PTTS Post Trade Transparency Service January 28th 2015 By selecting Close a detailed table is displayed with the results of the multiple insertion processing Each trade is associated to a status icon For successfully entered OTCs the field TradeID is displayed as well If the status icon is clicked further detail is provided about the failure cause of the selected trade In the following table the meaning of the different status icons is provided Icon Description Meaning 7 OTC loaded but not sent The trade has been loaded from a file but has still to be validated OTC not validated The validation was unsuccessful Fields are missing or have not been A correctly populated Details are provided by clicking on the icon The trade has not been sent to the Post Trade Transparency Service OTC validated and sent The trade has been successfully validated and sent to the Post Trade Transpare
7. action Time Data LIiZzOe Ts 600000 290 01 20OTCeNs Ss Ce NeN207 7057 2012 10 01 Data format Fa o o Vaene Instrument ISIN Code or InstrumentID 10 MiFID PTTS Post Trade Transparency Service January 28th 2015 O Own Thr Size no thousand separator Delay Flag N No or S Yes ee For non share instruments it must be S N No or S Yes N No or S Yes N No or S Yes N7 No or S Yes Transaction Time Trade Execution Time format HH MM HH MM or HH MM The time to be specified in the field Trade Date is the trade execution time according to the time zone of the computer where the browser is running The application converts the time in the correct market time zone E g if a trade is executed at 14 00 GMT 1 and the application is run in a server where time zone is configured as GMT the time to be specified is 13 00 The application converts the time into 14 00 GMT 1 After selecting the file the user can activate the button Send data to market now enabled and load and display file data 11 MiFID PTTS Post Trade Transparency Service January 28th 2015 Enter Query Language Stat Instrument Capacity Size Price Trade Date Enter multiple Trade Reports PTTS ADVANCED Venue ID Delay flag Alt Mkt Ind Nego Prc Ind Civ Th Ove Publish Sz Ind n o an EE pps a a a a a a a 0 1 ee a
8. ce shows a login page where it is also possible to select the site language Italian or English MiFID PTTS Post Trade Transparency Service January 28th 2015 The language selected is stored by the browser 2 London for one year since the latest login unless SESE Stock Exchange Group cookies are either disabled or are removed by the user The language can be selected with the radio buttons highlighted in yellow in the snapshot on the right It is also possible to switch the interface menn language later by clicking on the Lingua Language menu and selecting the item correspondent to the desired language 3 2 OTC Report Insert OTCs may be entered one at a time or in batch mode 3 2 1 Enter Single Trade Report The Single Trade Entry page can be displayed by clicking the menu item Enter and subsequently selecting the drop down item Enter single Trade Report MiFID PTTS Post Trade Transparency Service January 28th 2015 Enter Query Language Enter single Trade Report Ma 3 PTTS ADVANCED Instrument Capacity Size Trade Date 8 01 2015 Venue ID Delay flag Alt Mkt Ind Nego Pre Ind Ctv Th Ove Publish Sz Ind When the form has been filled in and the Submit button is pushed validation checks are performed in case all fields are consistent and valid the form content is sent to the Post Trade Transparency Service If the button Reset
9. d in green in the previous picture is selected the options available for the selected OTC are displayed Modify Remove In the top right corner the export button is highlighted in red through this button it is possible to export the displayed report in a xls MS Excel 97 2003 file where all the field and records reported by the query will be stored independently from what displayed by the browser The buttons on the bottom of the page allow to browse through the result pages reporting each page ten trades to get an updated status of Post Trade Transparency service data it is necessary to click the Submit button once more no dynamic update is available Note that the amount of daily queries towards the Post Trade Transparency Service is limited during the day 15 MiFID PTTS Post Trade Transparency Service January 28th 2015 3 3 2 Own Trades Historical Report To display the query of the trades sent in a period within g cosy Ee g cosy Ee Parte the previous three months except the current day select Own Trade Reports Today from the menu Query the item Own Trade Reports Own Trade Reports History 3 months Trade Reports History 2 years History 3 months Before sending the request by clicking the Submit button highlighted in green in the picture it is possible to filter the query by instrument and by date If no filter is specified all OTCs sent by the member in the las
10. ing procedure shall be followed with reference to the picture below e Select the day highlighted in light blue in the Day field if the field is left empty the previous day is selected e Select the OTC category required own member all OTCs highlighted in red e If All OTCs has been selected in the previous step enter the instrument selected in the Instrument field highlighted in green If this field is left empty an error will be returned e Select the Excel icon highlighted in yellow to download the data required in a xls file MS Excel 97 2003 At this point a download status popup window is displayed which provides the download evolution In case a high amount of data is returned the export procedure may take some minutes to be fulfilled In this phase a popup is displayed see picture above which may be minimized by clicking the Minimize button in order to allow further activities during data download the export process proceeds concurrently in background and the user can perform further activities with the application During data download a progression bar is displayed in the bottom right corner 18 MiFID PTTS Post Trade Transparency Service January 28th 2015 When the popup is minimized it is possible to restore the window at Trade ID Trade Date UTC Inst any time by clicking on the progression bar To abort the procedure click the button Abort process
11. llowing chapter where the reference provided as link is available at the page http www borsaitaliana it borsaitaliana gestione mercati migrazionemillenniumit mit millenniumitmigration en htm 2 2 References e MIT401 BIT Guide to Post Trade Transparency Service BIT Issue 1 1 e COMMISSION REGULATION EC No 1287 2006 of 10 August 2006 e Directive 2004 39 CE MiFID Markets in Financial Instruments Directive MiFID PTTS Post Trade Transparency Service January 28th 2015 3 Functions The functions made available by MIFID PTTS service are described in the following 1 Language selection the site is available in two languages a English b Italian 2 OTC report input a single OTC entry performed via input form b multiple OTC entry performed via file 3 OTC report query a current day query of OTCs entered by the own member filter by instrument available b query of OTCs entered by the own member in a time interval up to three months old filter by instrument and data available c historical query of OTCs entered up to two years old filter by instrument and data available 4 OTC report edit and cancel 5 Password change The user profiles available are the following e STANDARD profile entitled to access all functionalities except two year historical queries e ADVANCED profile entitled to access all functionalities 3 1 Login and language selection The landing page of the servi
12. n the top right corner highlighted in red in the following picture The application saves the query in a xls file MS Excel 97 2003 where all the field and records reported by the query will be stored Minimize Abortprocess independently from what displayed by the browser In case a high amount of data is returned the export procedure may take some minutes to be fulfilled In this phase a popup is displayed see picture above which may be minimized by clicking the Minimize button in order to allow further activities during data download the export process proceeds concurrently in background and the user can perform further activities with the application During data download a progression bar is displayed in the bottom right corner When the popup is minimized it is possible to restore the window at any time by clicking on the progression bar To abort the procedure click the button Abort process 3 3 3 Trades Historical Report To display the query of the trades sent in a day within the previous two years except the current day select from the menu Query the item Trade Reports History 2 years This function offers two options 17 MiFID PTTS Post Trade Transparency Service January 28th 2015 e Download own trades performed on all instruments e Download all trades sent on the selected day for a single instrument To configure and perform the query the follow
13. ncy Service waiting for a market answer OTC rejected by Post The trade has been successfully validated and sent to the Post Trade Trade Transparency Transparency Service but it has been rejected To get more Service information click on the icon OTC validated by Post The trade has been successfully validated and sent successfully to va Trade Transparency the Post Trade Transparency Service Service 13 MiFID PTTS Post Trade Transparency Service January 28th 2015 3 3 Report Display 3 3 1 Day Report To display the page of current day trades query select from the menu Query the item Own Trade Reports MEST nN Today Own Trade Reports History 2 months In the left hand side the most meaningful fields are Trade Reports History 2 years displayed in the right side scrollable window it is possible to access the remaining trade fields Own Trade Reports Today Trade Date Instrument Size ce Removal Date To display entered orders it is required to select the Submit button It is possible to set an instrument filter through the incremental search field If no instrument has been provided when the button Submit is selected no filter will be applied and all trades will be provided by the Post Trade Transparency Service 14 MiFID PTTS Post Trade Transparency Service January 28th 2015 Trade Date Instrument Size i Publish Date If an option button highlighte
14. ocument may or may not have been prepared by Borsa Italiana and in this last case is made available without responsibility on the part of Borsa Italiana The publication of this document does not represent solicitation by Borsa Italiana of public saving and is not to be considered as a recommendation by Borsa Italiana as to the suitability of the investment if any herein described Stock Exchange Group Contact Details Borsa Italiana Clients Technology Service Team Technical Account Management Italy clients services borsaitaliana it 39 02 72426348 606 647 Service Desk Italy service desk borsaitaliana it Toll Free 0080026772000 From mobile 39 02 45411399
15. sary to enter the current and the new passwords the latter cannot be empty nor shorter than eight characters It is not allowed to re use the last three passwords formerly used When a correct password has been entered select Submit to issue the Subt password change request to the system A confirmation will pop up to notify the acceptance of the password change request otherwise a popup will report the change refusal cause After the first password change it is suggested to logout and re login in the application A password change may be performed by the user at any time by clicking on the session menu item located in the display top right corner and selecting Change Password 3 6 Exit By clicking on the session menu item located in the display top right corner and selecting Exit it is possible to logoff 20 MiFID PTTS Post Trade Transparency Service January 28th 2015 After the logoff the login popup shall be displayed again 21 tt Disclaimer Heading See This document contains text data graphics photographs illustrations artwork names logos trade marks service marks and information Information connected with Borsa Italiana S p A Borsa Italiana Borsa Italiana attempts to ensure Information is accurate however Information is provided AS IS and on an AS AVAILABLE basis and may not be accurate or up to date Information in this d
16. t three months are queried on all instruments Enter Query Language Own Trade Reports History 3 months a PTTS ADVANCED Trade Date When the results are displayed it is possible to browse through the pages either by clicking the lt and gt or by entering the page in the Go field and clicking the Go button on the Enter Query Language Own Trade Reports History 3 months x PTTS ADVANCED a Trade Date Trade ID Trade Date UTC Instrument Size i Status Transact date Rome Currency i Venue ID DE000DE3E BIT_NTI 44 Active 08 01 2015 08 36 48 MIFID ANN4327C1 BIT_NTI 3 91 3 Active 08 01 2015 08 55 52 j 728089 MIFID ANN4327C1 BIT_NTI i i 08 01 2015 08 55 52 728089 MIFID ANN4327C1 BIT_NTI 3 91 2 08 01 2015 08 55 54 u 728089 MIFID ANN4327C1 BIT_NTI Active 08 01 2015 08 55 54 728089 MIFID ANN4327C1 BIT_NTI 300 91 3 Active 08 01 2015 08 55 56 i 728089 MIFID ANN4327C1 BIT_NTI 14000 i 08 01 2015 08 55 56 728089 MIFID 08 01 2015 m5Byg6Buk 00 00 00 08 01 2015 M5Byg6BuKi piglet 08 01 2015 k M5Byg6Buk 07 00 00 E msevasgug 08 01 2018 ag 07 00 00 08 01 2015 z msByg6Bukt pea 08 01 2015 B M5Byg6BuK 07 11 00 08 01 2015 07 12 00 M5Byg6BuKt Page 1 of 1 bottom of the page 16 MiFID PTTS Post Trade Transparency Service January 28th 2015 It is possible to export data by clicking on the button i

MiFID PTTS: Post-Trade Transparency Service

Contents

Download Pdf Manuals

Related Search

Related Contents