Xetra® Release 6.0 Member Simulation Scripts & Schedule
Contents
1. Gruppe Deutsche Borse Xetra Release 6 0 Member Simulation Scripts amp Schedule 13 03 2001 Page 7 of 54 Monday Tuesday Wednesday Thursday Friday Saturday Sunday 26 Mar 2001 27 Mar 2001 28 Mar 2001 29 Mar 2001 30 Mar 2001 31 Mar 2001 01 Apr 2001 Business Date Business Date Business Date Business Date Business Date Business Date Business Date 26 Mar 2001 29 Mar 2001 29 Mar 2001 29 Mar 2001 02 Apr 2001 02 Apr 2001 02 Apr 2001 R6 0 Simulation R6 0 Simulation R6 0 Simulation R6 0 Simulation No Simulation No Simulation No Simulation 8 00 AM Pre Trading System Open for Trading Sasnal System Open for Trading System Open for Trading 5 00 PM 5 00 PM Begin Batch Begin Month End Batch Monday Tuesday Wednesday Thursday Friday Saturday Sunday 02 Apr 2001 03 Apr 2001 04 Apr 2001 05 Apr 2001 06 Apr 2001 07 Apr 2001 08 Apr 2001 Business Date Business Date Business Date 02 Apr 2001 04 Apr 2001 06 Apr 2001 R6 0 Simulation No Simulation R6 0 Simulation No Simulation R6 0 Simulation No Simulation No Simulation 8 00 AM 8 00 AM Pre Trading Pre Trading System Open for Trading System Open for Trading System Open for Trading 5 00 PM 5 00 PM 5 00 PM Begin Batch Begin Batch Begin Batch Give Up Take Up Distribution Xetra R6 0 Connection Test Xetra Netting Simulation Kit 2 R6 0 Simulation Kit 2 Monday Tuesday Wednesday Thursday Friday Saturday Sunday 09 Apr 2001 10 Apr 2001 11 Apr 2001 12 Apr 2001 13 Apr 2001 14 Apr 2001 15 Apr 20012. Business Date Business Date Business Date 09 Apr 2001 11 Apr 2001 12 Apr 2001 R6 0 Simulation No Simulation R6 0 Simulation R6 0 Simulation No Simulation No Simulation No Simulation 8 00 AM 8 00 AM 8 00 AM Pre Trading Pre Trading Pre Trading System Open for Trading System Open for Trading System Open for Trading 5 00 PM 5 00 PM 5 00 PM Begin Batch Begin Batch Begin Batch A TJ si NENNEN Monday Tuesday Wednesday Thursday Friday Saturday Sunday 16 Apr 2001 17 Apr 2001 18 Apr 2001 19 Apr 2001 20 Apr 2001 21 Apr 2001 22 Apr 2001 Business Date Business Date Business Date 17 Apr 2001 18 Apr 2001 20 Apr 2001 No Simulation R6 0 Simulation R6 0 Simulation No Simulation R6 0 Simulation No Simulation No Simulation 8 00 AM 7 30 AM 7 30 AM Pre Trading Pre Trading Pre Trading System Open for Trading System Open for Trading System Open for Trading 5 00 PM 8 30 PM 8 30 PM Begin Batch Begin Batch Begin Month End Batch Warrant Trading Trading with production Trading with production 5 like schedule like schedule 3 Intra day Closing Auction contains the new intra day closing and end of day auctions and the new trading restrictions Warrant Trading contains the new functionality prices without volume gt Trading with production like schedule enables simulation participants to exactly simulate production times Gruppe Deutsche Borse Xetra Release 6 0 Member Simulation Scripts amp Schedule 13 03 2001 Page 8 of 54 M
3. US2044096012 CID US2044493003 CSA US8022331065 ISD o TAR 886738 US9842451000 YPF nstrument Group SKA1 SKANDINAVIEN One Auction Only BUENOS AIRES EMB B ADR 2 One Auction Only BCO FRANCES R PL AP 1ADR 3 US0595944085 BGAA One Auction Only BCO GANADE B ADR 100 US20440X1037 IBRP One Auction Only CIA CERVEJ ARIA PFD ADR 20 y One Auction On CIA EN GER ADR 1000PFD NV One Auction Only CIA DE TELEC CHILE A ADR One Auction Only STA ISABEL ADR 15 US5017231003 One Auction On LAN CHILE S A ADR 5 y One Auction Only CIA DE MIN BUEN B ADR 2 One Auction Only ELEFONICA ARG SP ADR 10B One Auction Only PF D AP 10 SP ADR 870547 FI0009000285 amy One Auction Only MER GRP LTDA FM 20 nstrument Group STX1 STOXX 880026 NL0000301109 AAR Continuous Trading BN AMRO HLDG NV FL1 25 858185 NL0000301745 AEN Continuous Trading EGON NV FL 50 851287 NL0000331817 AHO Continuous Trading HOLD KON FL 50 850133 FR0000120073 AIR Continuous Trading IR LIQUIDE FF 70 850312 IT0000062072 IASG Continuous Trading Generali LI 2000 925700 FR0000130460 AVE AVENTIS S A Continuous Trading 855705 FR0000120628 Continuous Trading AXA UAP S A FF 60 887771 FR0000131104 IBNP Continuous Trading BNP FF 25 850832 1T0000064854 CRI 876800 CH0001462487 CSX Continuous Trading CRED IT LI 500 Continuous Trading CRED SUISSE GRP NA SF 20 Gruppe Deutsche Borse Xetra Release 6 0 Member Simulation Scripts a
4. e In order to simplify the give up take up process during Xetra Release 6 0 Simulation the automatic approval flag will be selected for all members This is not necessarily the case during production e Fora successful performing a give up take up transaction it is essential to find a potential partner because there are at least two parties being involved in a give up take up process Gruppe Deutsche Borse Xetra Release 6 0 Member Simulation Scripts amp Schedule R6 0 13 03 2001 Page 32 of 54 Steps e Open the Back Office Information window and the Give Up Take Up Overview window e Give up a trade In the Back Office Information window select a trade with Account Type A and press Modify in order to open the Trade Maintenance window for designating a trade for give up processing e n the Trade Maintenance Window mark a trade as Give Up Trade and enter the Take Up members ID e Use the Give Up Take Up Filter window in order to select filter criteria for the display of the Give Up Take Up Overview window e Undesignate a pending give up trade to set it back to the initial not designated trade state by pressing the Undesignate button in the Give Up Take Up Overview window Check that the undesignated trade disappears in the Give Up Take Up Overview window and that the GuTu column of the undesignated trade in the Back Office Information window is set to blank e Verify that a given up trade is
5. 722190 DE0007221905 SRZ Continuous Tradi 729700 DE0007297004 n 729703 DE0007297038 SZU3 n 700200 DE0007002008 TAG Continuous Tradi 755140 DE0007551400 USE Continuous Tradi n 509850 DE0005098503 VEM Continuous Tradin n 766710 DE0007667107 VOS 776560 DE0007765604 WAD 776563 DE0007765638 WAD3 Continuous Tradi Continuous Tradin Continuous Tradin g g g g g g g g g g g g g g g g ng ng g g g g g g g g g g g g g g g g 780100 DE0007801003 IWCA Continuous Trading WCM BET U G O N 3 3 Gruppe Deutsche Borse Xetra Release 6 0 Member Simulation Scripts amp Schedule Instruments available for Intra day Closing Auction WKN 80026 58185 51287 50133 14188 40002 40004 50312 25700 55705 55030 50700 02322 20000 30300 87771 24553 75773 58872 52362 73102 43901 50832 76800 75300 41690 04700 59100 59104 08900 64869 71028 97791 50001 53469 78563 06849 59929 90900 85700 85800 53950 87530 72087 68680 04701 04703 75800 07000 23100 81111 28060 ISIN Mnemonic Trading Model Type AEN NL0000009132 AKU DE0008400029 AMB2 Continuous Tradi 13 03 2001 Page 52 of 54 Name Continuous Tradin MB AACH U MUENCH BET INH g g ng ng g g AMB4 BEB2 FR0000131104 BNP____ Continuous Trading BSD2 CAR CGE g DBV DPF ELV ERCB ETLP FTS GEX GOZ NLO000303568 INN Continuous Trading DE0006280605 KAM Ericsson B
6. Name FRESEN MED CARE AG IGL FRESEN MED CARE AG VZ IGL HENKEL KGAA ST HENKEL KGAA VZO BAY HYPOTH U VEREINSBK AG NFINEON TECH AG NA O N KARSTADT QUELLE AG LUFTHANSA AG VNA INDE AG MAN AG ST AKT MAN AG VZ AKT METRO AG METRO AG VZO MUENCH RUECKVERS VNASOE MU ENCH RUECKV JG VNA O N PREUSSAG AG PREUSSAG AG NEUE WE AG ST A WE AG VZ AP AG DM 5 AP AG VZ O ST CHERING AG IEMENS AG IEMENS AG NAJG HYSSEN KRUPP AG IAG AG OLKSWAGEN AG ST OLKSWAGEN AG NSTE OLKSWAGEN AG ST O N OLKSWAGEN AG VZG r aN S S nstrument Group EEU1 OSTEUROPA 888759 CS0005017953 BIC One Auction On M BIOCEL PASKOV AS KC 1000 nstrument Group ESP1 SPANIEN PORTUGAL BCP1 PTCA ion On ion On ion On ion On ion On ion On One Aucti One Aucti One Aucti One Aucti One Aucti One Aucti lt i M BCO BIL VIZ PS 260DZ SVG BCO COM PORT ES1000DZ SVG ERCROS SA PS 60 FACEC ES 1000 ort Telecom NOM ES 1000 ONSTR SOARES COST ES1000 P C nstrument Group FRA1 FRANKREICH ELF One Auction On One Auction On Continuous Trad One Auction On One Auction On One Auction On E Ww lt M r AFARGE FF 25 Elf Aguitaine FF 50 ARIBAS S A FF 100 PERNOD RICARD FF 20 PEUGEOT SA FF 35 Schneider S A FF 50 DU nstrument Group GER1 DEUTSCHLAND 577410 DE0005774103 FEV 605630 DE0006056302 LMY 692820 DE0006928203 nstrument Group GER2 DEUTSCHLAND Conti
7. 13 03 2001 Page 33 of 54 e BackOffice Information window e Bach Office Information Filter window e Trade Maintenance window e Give Up Take Up Overview window e Give Up Take Up Filter window e RPTTC810 RAWTC810 Daily Trade Confirmation e RPTCB042 RAW042 Fee Per Executed Order Xetra Release 6 0 Exchange Trading System User Guide e Chapter 4 5 7 Back Office Information Window e Chapter 4 5 8 Back Office Information Filter Window e Chapter 4 5 9 Trade Maintenance Window e Chapter 4 5 11 Give Up Take Up Overview Window e Chapter 4 5 12 Give Up Take Up Filter Window 2 5 Prerequisites Gruppe Deutsche Borse Xetra Release 6 0 Member Simulation Scripts amp Schedule 13 03 2001 Page 34 of 54 Intra day Closing Auction An intra day closing auction is introduced for the continuous trading model to offer more flexibility In case an intra day closing auction is scheduled members will be provided with a closing price earlier than currently implemented After the main trading phase which is ended with the intra day closing auction trading continues with continuous trading potentially interrupted by additional intra day auctions and ends with an end of day auction The last auction of the day will be the end of day auction Post trading will start right after the end of day auction is finished In case the closing auction is not scheduled intra day there will be no end of day auction and post trading start
8. Business Date Business Date Business Date Business Date Business Date Business Date Business Date 07 May 2001 10 May 2001 10 May 2001 10 May 2001 14 May 2001 14 May 2001 14 May 2001 R6 0 Simulation Permanent Simulation Permanent Simulation Permanent Simulation Permanent Simulation Permanent Simulation Permanent Simulation 8 00 AM 8 00 AM Pre Trading Pre Trading System Open for Trading System Open for Trading System Open for Trading System Open for Trading System Open for Trading System Open for Trading System Open for Trading 5 00 PM 5 00 PM Begin Batch Begin Batch Please note that the Xetra business dates and the real calendar dates are not equal on all simulation days This simulation calendar covers two month ends but no year end A second Xetra Release 6 0 Simulation Kit will be distributed on April 4 2001 The installation of the second kit should be done after the simulation ends on April 4 2001 The connection test will be performed on April 5 2001 Apart from the timeframe of March 15 2001 to March 29 2001 after each Release 6 0 Simulation day Xetra and XONTRO Trade will be running a batch Within the above mentioned timeframe there will be a continuous release simulation taking place seven days a week and 24 hours a day During this period there will be only two batches each week which means that one business day corresponds with three or four calendar days Online XONTRO Trade Schlussnoten Contract No
9. Call PM PM Post Trading After Price After Price After Price From 04 29 PM to Auction 05 00 PM day Auction 05 00 Auction 05 00 PM PM Ready for Batch 05 00 PM 05 00 PM 05 00 PM 05 00 PM See chapter 3 3 for instruments scheduled for an intra day closing auction Last time for instruments to go to post trading There will be instruments that will switch earlier to post trading due to technical restrictions Gruppe Deutsche Borse Xetra Release 6 0 Member Simulation Scripts amp Schedule 13 03 2001 Page 14 of 54 1 4 3 3 Production like trading schedule 07 30 AM to 8 30 PM April 18 2001 April 20 2001 Phase Instruments in Continuous Instruments in One Instruments in Eee Opening Auction Cal 08 45 AM 09 00AM Price Determination Opening From 09 00 AM on Auction Continuous Trading After Price Determination oe Auction 01 00 Intraday Auction Call on 00 01 02 PM 01 20PM 0125PM Price Determination Intraday From 01 02 PM on From 01 25 PM on Auction Continuous Trading After Price Determination Pirani Auction 05 30 Intraday Auction Call n 30PM 05 32PM Price Determination Intraday From 05 32 PM on Auction Continuous Trading After Price Determination agi Auction 08 00 Closing Auction Call o6 00 PM 08 05PM Price Determination Closing From 08 05 PM on Auction Continuous Auctions 08 00AM 07 59 PM Post Contin
10. FRIA SK 2 50 INFINEON TECH AG NA O N ING GROEP NV CVA FL1 KAMPS AG IGL Gruppe Deutsche Borse Xetra Release 6 0 Member Simulation Scripts amp Schedule 13 03 2001 Page 53 of 54 ISIN Mnemonic Trading Model Type Name KAMPS AG JGE O N KPN LMY MET2 DE0006560303 MMN Continuous Trading MANNESMANN AGNA DE0006622400 MoB Continuous Trading MOBILCOMAG n n CH0004458847 NOT Continuous Tradi NOVARTIS NAM SF20 PAB PHO n CH0002137682 NESN Continuous Tradi Nestle Nam SF 10 FI0009000681 NOA3 Continuous Tradi Nokia Corp AFM 2 50 Continuous Tradi PARIBAS S A FF 100 RHK SAPA Schweiz Rueckvers N SF 10 FR0000130809 SGE DE0007231326 SIX2 DE0007231334 SIX3 n IT0001127429 ISET Continuous Tradin ELECOM ITALIA LI 1000 n Continuous Tradi STE GENERALE FF 30 Continuous Tradin SIXT AG ST Continuous Tradin SIXT AG VZ O ST DM 5 g g g g g g g g s g i g g g g g g ng ng g g g g g g d g g g 4 g g g g g g g TAG TNES UBS NAM SF 20 VFM VODD WKN 3 4 3 4 1 3 4 2 Gruppe Deutsche Borse Xetra Release 6 0 Member Simulation Scripts amp Schedule 13 03 2001 Page 54 of 54 Overview of Instrument Groups used for Simulation of Warrant Trading Warrant Instrument Groups The following table provides an overview of the instrument groups used for simulation of warrant trading Warrent Category Instrument Group Equities Indices I
11. Own Order Overview window and the Own Quote Overview window check the broadcast of the account level netted entered orders quotes Verify that the fees of an account level netted trade are updated in the Own Fee Overview window after every partial execution In the Own Order Overview window select an account level netted order In the Order Maintenance window modify the netting type of the order Verify that an account level netted order partially executed on two days will result in one netted position per business day separate trade confirmation with new unique trade ID Verify that additional to the online netting account level netted trades are account level netted in the reports on the next business day i e several account level netted orders are netted per instrument account type trade side buy sell settlement location and settlement account Verify that one unique trade ID is created for account level netted positions during the batch Gruppe Deutsche Borse Xetra Release 6 0 Member Simulation Scripts amp Schedule Order Entry window Fast Order Entry window Mass Order Entry window Order Maintenance window Mass Order Maintenance window Quote Entry window Mass Quote Entry window Own Order Overview window Own Quote Overview window Back Office Information window Trade Information window Order Fee Overview window RPTTC530 RAWTC530 Daily Quote Maintenance RPTTT540 RAWTC540 Daily Order Maintenance
12. Quote Overview Window Chapter 4 5 7 Back Office Information Window Chapter 4 5 10 Order Fee Overview Window Chapter 4 5 13 Trade Information Window 13 03 2001 Page 26 of 54 2 3 3 Prerequisites Gruppe Deutsche Borse Xetra Release 6 0 Member Simulation Scripts amp Schedule 13 03 2001 Page 27 of 54 Account Level Netting Whereas functionality of price level netting and order level netting becomes effective during the online trading day already the crucial feature of account level netting is created during the batch All trades with the account level netting indicator set will be netted together per instrument account type trade side buy sell settlement location and settlement account Further in case of account level netting order level netting is always included Thus if an order is entered with the netting type account level netting it will be handled like an order level netted order during the online trading day If the order quote is fully executed against several orders quotes at one limit one execution confirmation and one trade confirmation are sent to the member If the order quote is fully executed against several orders quotes at different limits one execution confirmation for each execution price is sent to the member including the respective price Only one trade confirmation with an average price and the accumulated volume is sent to the member In case of a partially executed order quote an execution c
13. RPTTC550 RAWTC550 Open Order Detail RPTTC810 RAWTC810 Daily Trade Confirmation RPTTC815 RAWTC815 Daily Netted Trade Detail Xetra Release 6 0 Exchange Trading System User Guide Chapter 4 3 1 Fast Order Entry Window Chapter 4 3 2 Order Entry Window Chapter 4 3 3 Mass Order Entry Window Chapter 4 3 4 Quote Entry Window Chapter 4 3 5 Mass Quote Entry Window Chapter 4 5 1 Own Order Overview Window Chapter 4 5 2 Order Maintenance Window Chapter 4 5 3 Mass Order Maintenance Window Chapter 4 5 5 Own Quote Overview Window Chapter 4 5 7 Back Office Information Window Chapter 4 5 10 Order Fee Overview Window Chapter 4 5 13 Trade Information Window 13 03 2001 Page 29 of 54 2 4 Gruppe Deutsche Borse Xetra Release 6 0 Member Simulation Scripts amp Schedule 13 03 2001 Page 30 of 54 Give Up Take Up Functionality Give up Take Up trade functionality enables investors to allocate trading and clearing and settlement services amongst different exchange members Hence give up trades are executed by an exchange member and then transferred to another exchange member for clearing and settlement Trades must be designated given up by the sending exchange member and accepted taken up by the receiving exchange member on the current trading day Give Up Take Up functionality is offered by the Central Counterparty CCP and Xetra Release 6 0 will be extended to support the CCP functions During the Xetra Release 6 0 Simulat
14. Release 6 0 Exchange Trading System User Guide Chapter 4 3 1 Fast Order Entry Window Chapter 4 3 2 Order Entry Window Chapter 4 3 3 Mass Order Entry Window Chapter 4 3 4 Quote Entry Window Chapter 4 3 5 Mass Quote Entry Window Chapter 4 5 1 Own Order Overview Window Chapter 4 5 2 Order Maintenance Window Chapter 4 5 3 Mass Order Maintenance Window Chapter 4 5 5 Own Quote Overview Window Chapter 4 5 7 Back Office Information Window Chapter 4 5 10 Order Fee Overview Window Chapter 4 5 13 Trade Information Window 13 03 2001 Page 23 of 54 2 3 2 Prerequisites Gruppe Deutsche Borse Xetra Release 6 0 Member Simulation Scripts amp Schedule 13 03 2001 Page 24 of 54 Order Level Netting In case of order level netting each order quote which is matched against several orders and quotes is netted If the order quote is fully executed against several orders quotes at one limit one execution confirmation and one trade confirmation are sent to the member If the order quote is fully executed against several orders quotes at different limits one execution confirmation for each execution price is sent to the member including the respective price Only one trade confirmation with an average price and the accumulated volume is sent to the member In case of a partially executed order quote an execution confirmation and an update trade confirmation are sent to the member for each further partial execution The update trade confi
15. Schedule 13 03 2001 Page 51 of 54 633503 DE0006335037 KRN3 629200 DE0006292006 KSB 660202 DE0006602022 MET2 Continuous Trading METALLGESELLS O N JG n n 660200 DE0006602006 MET Continuous Trading METALLGESELLSCH n n 656990 DE0006569908 MLP n 659990 DE0006599905 MRK Continuous Trading MERCK KGAA Continuous Tradin PHOENIX AG 603100 DE0006031008 PHO 693773 DE0006937733 POR3 Continuous Trading PORSCHE AG VZ AKT 777773 DE0007777732 PSM3 n Continuous Tradin PROSIEBEN MEDIA DM5VZOSVG 696960 DE0006969603 PUM Continuous Tradi PUMA AG 704230 DE0007042301 RHK Continuous Tradi RHOEN KLINIKUM 703000 DE0007030009 IRHM Continuous Tradi RHEINMETALL BERLIN AG 656993 DE0006569932 MLP3 Continuous Tradi MARSCH LAUT U PARTNER VZ n n 704233 DE0007042335 RHK3 Continuous Tradin RHOEN KLINIKUM VZO n n 703003 DE0007030033 RHM3 Continuous Tradi RHEINMETALL BLN VZ 716200 DE0007162000 SDF Continuous Trading K S AG 723132 DE0007231326 SIX2 Continuous Tradi SIXT AG ST 723133 DE0007231334 SIX3 Continuous Tradi SIXT AG VZ O ST DM 5 n n 719230 DE0007192304 SML Continuous Trading SCHMALBACH LUBECA AG n 726430 DE0007264301 SNS Continuous Tradi 724260 DE0007242604 724690 DE0007246902 Continuous Tradi MARSCHOLLEK LAUT U PARTN STINNES AG SOFTWARE AG SPAR HANDELS AG IN ST 762660 DE0007626608 SKW TROSTBERG n n 724693 DE0007246936 SPA3 Continuous Tradin SPAR HANDELS AG VZ n
16. for order level netting and make sure that it is executed against several orders with the same price Enter an order quote and set its netting indicator to O for order level netting and make sure that it is executed against several orders on different prices Enter an order quote and set its netting indicator to O for order level netting and make sure that it is matched against several other orders or quotes during continuous trading and auction trading phases and at different prices Verify that order level netting averages different prices resulting from different execution times and accumulates all executed volumes in the Back Office Information window Verify that the price and the quantity of the last partial execution plus the updated average price accumulated market value and accumulated volume of all partial executions are displayed in the Back Office Information window after each new partial execution of an order level netted trade Verify that if the order quote is fully executed against several orders quotes at different limits one execution confirmation for each execution price is sent in the Trade Information window Verify that only one trade ID is assigned independently of the number of partial executions during the current trading day in the Trade Information window In the Own Order Overview window and the Own Quote Overview window check the broadcast of the order level netted entered orders quotes Verify
17. have been made regarding this document e New members may only participate after they have successfully taken part in an integration session conducted by Deutsche Borse Such a session should consist at least of the following activities e Startup of the Xetra Technical Services on a MISS MISS group and on a workstation if applicable e Login to Xetra Trader on a MISS and on a workstation if applicable e Verification of public broadcast receipt e Verification of private broadcast subscriptions e Logout from Xetra Trader on a MISS and on a workstation if applicable e Shutdown of the Xetra Technical Services on a MISS MISS group and on a workstation if applicable e All focus day scripts are based on XetraTrader However they are also applicable for member vendor front end applications using VALUES API e Simulation participants are familiar with the Member Simulation Guide R6 0 Purpose This document contains information regarding Xetra Release 6 0 Simulation for the members It is intended to support IT department employees member s security administrators back office employees and traders to become familiar with the new functionality of Xetra Release 6 0 This document is not a substitute for training 1 4 Gruppe Deutsche Borse Xetra Release 6 0 Member Simulation Scripts amp Schedule Simulation Details This section covers details on the following e Simulation calendar e Simulation trading sched
18. that the fees of an order level netted trade are updated in the Own Fee Overview window after every partial execution In the Own Order Overview window select an order level netted order and press Modify In the Order Maintenance window modify the netting type the order Verify that an order level netted order partially executed on two days will result in one netted position per business day separate trade confirmation with new unique trade ID Gruppe Deutsche Borse Xetra Release 6 0 Member Simulation Scripts amp Schedule Order Entry window Fast Order Entry window Mass Order Entry window Order Maintenance window Mass Order Maintenance window Quote Entry window Mass Quote Entry window Own Order Overview window Own Quote Overview window Back Office Information window Trade Information window Order Fee Overview window RPTTC530 RAWTC530 Daily Quote Maintenance RPTTT540 RAWTC540 Daily Order Maintenance RPTTC550 RAWTC550 Open Order Detail RPTTC810 RAWTC810 Daily Trade Confirmation RPTTC815 RAWTC815 Daily Netted Trade Detail Xetra Release 6 0 Exchange Trading System User Guide Chapter 4 3 1 Fast Order Entry Window Chapter 4 3 2 Order Entry Window Chapter 4 3 3 Mass Order Entry Window Chapter 4 3 4 Quote Entry Window Chapter 4 3 5 Mass Quote Entry Window Chapter 4 5 1 Own Order Overview Window Chapter 4 5 2 Order Maintenance Window Chapter 4 5 3 Mass Order Maintenance Window Chapter 4 5 5 Own
19. to technical restrictions 1 4 3 2 Gruppe Deutsche B rse Xetra Release 6 0 Member Simulation Scripts amp Schedule 13 03 2001 Page 13 of 54 Trading Schedule 8 00 AM to 5 00 PM April 2 2001 April 17 2001 Phase Instruments in Instruments in Instruments in One Instruments in Continuous Trading Continuous Trading Auction Only Continuous Auction with Intra day closing auction A PM AM AM M Opening Auction Call 08 20 AM 08 30 08 20 AM 08 30 AM AM Price Determination From 08 30 AM on From 08 30 AM on Opening Auction Continuous Trading After Price After Price Determination Opening Determination Opening Auction 02 00 PM Auction 12 00 AM Intraday Auction Call 02 00 PM 02 05 12 00 AM 12 05 02 10 PM 02 15 PM PM PM Price Determination From 02 05 PM on From 12 05 PM on From 02 15 PM on Intraday Auction Continuous Trading After Price After Price Determination Intraday Determination Opening Auction 04 25 PM Auction 02 00 PM Closing Auction Call 04 25 PM 04 30 PM Price Determination From 04 30 PM on Closing Auction 02 00 PM 02 05 PM Price Determination i Intra day Closing Price Determination From 04 30 PM on End of day Auction Determination Closing Determination End of Determination Intraday 05 00 PM Intra day Closing Auction Call From 02 05 PM on Auction Continuous Trading After Price Determination Intra day Closing Auction End of day Auction 04 25 PM 04 30
20. transactions is not limited Trade modifications cannot be performed for pending give up take up trades In case a member has accepted a taken up trade fees are not transferred to the receiving member and stay with the original owner of the trade Furthermore no additional transaction fees are charged for give up take up transactions Xetra Business Date 19 03 2001 Calendar Date 19 03 2001 Simulation hours 8 00 a m 5 00 p m Reports available next day Xetra Business Date 02 04 2001 Simulation hours 8 00 a m 5 00 p m Reports available next day Gruppe Deutsche Borse Xetra Release 6 0 Member Simulation Scripts amp Schedule 13 03 2001 Page 31 of 54 Xetra Business Date 11 04 2001 Simulation hours 8 00 a m 5 00 p m Reports available next day Prerequisites e Give Up Take Up functionality can only be performed for instruments which will be handled by the CCP e Set up resource access levels In order to apply the new Give Up Take Up functionality the member supervisor has to select the following resource access levels for his traders Give Up Trades Enabling a trader to give up trades Take Up Trades Enabling a trader to take up trades Inquire Give Up Take Up Trades Permitting a trader to see the display of the given up taken up trades in the Give Up Take Up Overview window Approve Give Up Take Up Trades Permitting a trader clearing member to approve a given up taken up trade
21. 3 Order Market Overview Window e Chapter 4 2 5 Ticker Window e Chapter 4 3 2 Order Entry Window e Chapter 4 3 6 Quote Request Entry Window Gruppe Deutsche Borse Xetra Release 6 0 Member Simulation Scripts amp Schedule 13 03 2001 Page 39 of 54 2 7 Xetra Trader Improvements In order to improve the front end application of Xetra Trader with Xetra Release 6 0 the Xetra Trading System window is enhanced and the dynamic resizing of the Order Instrument Overview window is introduced N NI m Enhancement of Xetra Trading System window updated and provides a list of all opened overview windows with their titles These titles reflect the currently used filter criteria When selecting a window from the list it is brought up front The Xetra Trading System window is enhanced via the menu item Window which is dynamically X Xetra Business Date each simulation day Simulation hours 8 00 a m 5 00 p m Steps e Open several windows with different filter criteria selected e On the Xetra Trading System window select the menu item Window and check that the displayed window titles reflect all currently opened windows with respect to the selected filter criteria e Select a window within the displayed list and check that it pops up automatically e Xetra Trading System window m les Xetra Release 6 0 Exchange Trading System User Guide e Chapter 3 2 3 Xetra Trading System Window E 2 7 2 Gruppe Deutsc
22. 48600 04350 DE0005043509 LIO 49290 DE0006492903 LUM 62300 62240 DE0006622400 MoB Continuous Trading MOBILCOMAG 63200 DE0006632003 MOR Continuous Trading MORPHOSYSAGO N SVG 62810 14676 62720 DE0006627201 MUB 58080 DE0006580806 MUM 85300 WKN o Gruppe Deutsche Borse Xetra Release 6 0 Member Simulation Scripts amp Schedule ISIN Mnemonic 01626 00710 16100 24190 09247 23890 16220 23040 08560 45510 48360 45490 48820 44900 08160 06150 DE0005061501 XOS DE0007007106 REF DE0007238909 SNG DE0005085609 TDS DE0007483604 TIL IO IA COPS SI CO S A 2 NL0000240000 Qia Continuous Trading QIAGEN NV 13 03 2001 Page 47 of 54 Trading Model Type Name FL 03 REFUGIUM HOLDING AG SVG Continuous Trading DE0007161002 Continuous Trading SALTUS TECHNOLOGY DM 5 DE0007241903 Continuous Trading SER SYSTEME AG DM 5 US7840181033 SMY Continuous Trading SCM MICROSYSTEMS DL 001 SINGULUS TECHNOL DM 5 IGL Continuous Trading DE0007162208 Continuous Trading SACHSENRING AUTOMOBIL AG DE0007230401 Continuous Trading SERO ENTSORGUNG AG Continuous Trading DS INFORMATIONSTECH SVG DE0007455107 FX Continuous Trading ELDAFAX AG O N Continuous Trading IPTEL AG Continuous Trading IXOS SOFTWARE AG O N nstrument Group SAM1 SUEDAMERIKA 84225 US1194242087 BAE 88635 US0595911076 BFP 01359 07384 95236 04706 96727 10493 00844 US2044481040 MBU
23. AKZO NOBEL FL5 ELSEVIER NV___FL 10 HEINEKEN FL S OCE INH ST FLl PETROFINA SA Instrument Group MDX1 MDAX AGIV AG DM 5 ALT Continuous Trading LTANA AG DM 5 AMB4 n n BKL BUD L DEZ DYK g g g g g g g g g g ng ng ng g g g g ng ESC FAG FIE3 FRE GFK GOZ 559103 DE0005591036 DYK3 Continuous Tradi DYCKERHOFF VZ n ng ng HOT HOZ IKB DT INDUSTRIEBANK KAMPS AG IGL Gruppe Deutsche Borse Xetra Release 6 0 Member Simulation Scripts amp Schedule 13 03 2001 Page 45 of 54 WKN ISIN Mnemonic Trading Model Type Name KAMPS AG J GE O N KIE Continuous Trading KIEKERT AG KLOECKNER WERKE KOLBENSCHMIDT PIERBURG RONES AG ST O N KRN3 Continuous Trading RONES AG VZ SB AG ST KSB AG VZO MET Continuous Trading METALLGESELLSCH METALLGESELLS O N JG MLP Continuous Trading MARSCHOLLEK LAUT U PARTN MARSCH LAUT U PARTNER VZ MERCK KGAA PHOENIX AG ORSCHE AG VZ AKT PSM3 Continuous Trading PROSIEBEN MEDIA DM5VZOSVG UMA AG HOEN KLINIKUM RHK3 Continuous Trading RHOEN KLINIKUM VZO RHEINMETALL BERLIN AG RHEINMETALL BLN VZ SAG SGL Continuous Trading SGL CARBON AG IXT AG ST IXT AG VZ 0 ST DM 5 KW TROSTBERG SML Continuous Trading SCHMALBACH LUBECA AG TINNES AG AIA nei E a n 726430 DE0007264301 ISNS Continuous Trading 724260 DE0007242604 sow Continuous Trading SOFTWARE AG Ww SPA Continuous Trading PAR HANDELS AG IN ST PAR HAND
24. Deutsche Borse Xetra Release 6 0 Member Simulation Scripts amp Schedule Registered trademark of Deutsche B rse AG Gruppe Deutsche Borse Xetra Release 6 0 Member Simulation Scripts amp Schedule R6 0 13 03 2001 Page 2 of 54 Table of Contents 1 Introduction 3 1 1 Contents 4 1 2 Assumptions 4 1 3 Purpose 4 1 4 Simulation Details 5 1 4 1 Simulation Calendar 6 1 4 2 Simulation Trading Phases 9 1 4 3 Simulation Schedules 11 1 4 3 1 Trading Schedule Continuous Release Simulation March 15 2001 March 29 2001 11 1 4 3 2 Trading Schedule 8 00 AM to 5 00 PM April 2 2001 April 17 2001 13 1 4 3 3 Production like trading schedule 07 30 AM to 8 30 PM April 18 2001 April 20 2001 14 1 4 4 Simulation Data 15 1 4 5 Simulation Support 16 1 4 5 1 Supporting Documentation 16 1 4 5 2 Online Inquiry of Xetra Schlussnoten in Simulation 17 1 4 5 3 Deutsche Borse Contacts 18 2 Member Simulation Scripts 19 2 1 Preliminary Remarks 19 2 2 Script Conventions 19 2 3 Netting 21 2 3 1 Price Level Netting 21 2 3 2 Order Level Netting 24 2 3 3 Account Level Netting 27 2 4 Give Up Take Up Functionality 30 2 5 Intra day Closing Auction 34 2 6 Warrant Trading 37 2 7 Xetra Trader Improvements 39 2 7 1 Enhancement of Xetra Trading System window 39 2 7 2 Dynamic resizing of the Order Instrument Overview window 40 3 Instruments available for Xetra Release 6 0 41 3 1 Overview of all Instruments used in Permanent Simulation 41 3 1 1
25. ELS AG VZ SCHWARZ PHARMA AG SZU Continuous Trading SUEDZUCKER MANNH OCHSENF SZU3 Continuous Trading UEDZUCKER MA OCH VZ TAG Continuous Trading ARKETT SOMMER AG BEATE UHSE AG CL FILM MEDIEN AG OSSLOH AG WAD3 Continuous Trading WCA Continuous Trading Instrument Group NAM1 NORDAMERIKA MITTELAMERIKA Instrument Group NAM2 NORDAMERIKA MITTELAMERIKA Instrument Group NM1 NEUER MARKT RTICON INF SYST O N UGUSTA BETEILIG AG SVG Continuous Trading BAD a zs s lt s s H eu A v A mm CT gt gt gt OO s lt N 2 z O UJ m c o o 2 w Gruppe Deutsche Borse Xetra Release 6 0 Member Simulation Scripts amp Schedule 13 03 2001 Page 46 of 54 ISIN Mnemonic Trading Model Type Name 10468 BB BIOTECH 1 10 DZ SVG 28520 BDE Continuous Trading 23280 42270 25250 DE0005252506 BNI Continuous Trading BRAIN INTERNATIOALO N SVG 16100 BNT Continuous Trading 22190 22440 42000 DE0005420004 CEE 40740 08220 DE0005082200 _ CEW 43300 45430 40710 54550 DE0005545503 DRI Continuous Trading DRILLISCHAGSVG 52710 DE0005527105 DTD 41200 64950 08900 EIE Continuous Trading 07360 68030 71050 51390 DE0005513907 ERM 63400 68480 66000 70680 DE0005706808 EUD 25476 24910 76350 FXX Continuous Trading 13585 02670 09710 DE0006097108 HUZ 01100 DE0006011000 HwS Continuous Trading 22200 DE0006222003 FO 22700 28590 06877 US5019381046 LHI
26. Equities 41 3 1 2 Warrants 49 3 2 Designated Sponsor Instruments 50 3 3 Instruments available for Intra day Closing Auction 52 3 4 Overview of Instrument Groups used for Simulation of Warrant Trading 54 3 4 1 Warrant Instrument Groups 54 3 4 2 Bonds 54 Gruppe Deutsche Borse Xetra Release 6 0 Member Simulation Scripts amp Schedule 13 03 2001 Page 3 of 54 Introduction This document contains the scripts and the schedule for Xetra Release 6 0 Simulation The purpose of Xetra Release 6 0 Simulation is to provide an opportunity for all participants to familiarize themselves with the new functionality of Xetra Release 6 0 Xetra Release 6 0 Simulation will take place from March 15 2001 to April 20 2001 Between March 15 2001 and March 29 2001 there will be a continuous release simulation which provides software vendors and members with a simulation time of seven days a week and 24 hours a day During this time the end of day processing will take place twice a week As of April 2 2001 the simulation will take place three days a week and last until April 22 2001 Focus days within Xetra Release 6 0 Simulation put special emphasis on the following features of Xetra Release 6 0 e Give Up Take Up Functionality e Netting e Intraday Closing Auction e Warrant Trading e Xetra Trader Improvements In the third quarter of 2001 the Central Counterparty CCP is introduced The CCP offers Netting and Give Up Take Up functionality an
27. Scripts amp Schedule 13 03 2001 Page 36 of 54 RPTTC540 RAWTC540 Daily Order Maintenance RPTTC550 RAWTC550 Open Order Detail RPTTC810 RAWTC810 Daily Trade Confirmation Xetra Release 6 0 Exchange Trading System User Guide Chapter 4 2 1 Order Instrument Overview Window Chapter 4 2 3 Order Market Overview Window Chapter 4 3 1 Fast Order Entry Window Chapter 4 3 2 Order Entry Window Chapter 4 3 3 Mass Order Entry Window Chapter 4 5 1 Own Order Overview Window Chapter 4 5 2 Order Maintenance Window Chapter 4 5 3 Mass Order Maintenance Window Chapter 4 5 7 Back Office Information Window Chapter 4 5 13 Trade Information Window 2 6 Prerequisite Gruppe Deutsche Borse Xetra Release 6 0 Member Simulation Scripts amp Schedule 13 03 2001 Page 37 of 54 Warrant Trading For instruments traded in the trading model continuous auction for high quotation volume a member performed auction quote request is supported Members are allowed to send a manually entered quote request to the issuer via the Quote Request Entry window Additionally quote request entry is possible via the Order Entry window A quote request for buy and sell is submitted for the instrument specified in the Order Entry window using the entered order quantity The manual quote request functionality enables the trader to address a quote request directly to the issuer of the warrant The auction quote following this quote request therefore automatically
28. and independently of the order book situation triggers the auction call phase During this call phase either the indicative auction price or the best bid ask will be displayed The trader is able to prepare his order and use the Send Quote Request button to enter his quote request As soon as the issuer has entered his auction quote it will be visible to the market in the Order Instrument Overview window and the Order Market Overview window and the originator of the quote request can use his already prepared order to react instantly on the auction quote Additionally with Xetra Release 6 0 warrant prices without volume are introduced in order to improve price transparency Once a day a time triggered auction quote request is sent to the issuer in case no price determination has taken place so far for this instrument The issuer s quote entry as response to the time triggered auction quote request will trigger an auction call phase regardless of the order book situation A price without volume will be marked with a Bid to show that the price has no turnover and is based on the issuer s bid In case this time triggered quote request crosses the order book the price determination is triggered Xetra Business Date 29 03 2001 Calendar Date 29 03 2001 Simulation hours 8 00 a m 5 00 p m Reports available next day Xetra Business Date 17 04 2001 Simulation hours 8 00 a m 5 00 p m Reports available next day e Trader must not b
29. antity of the partial execution and the accumulated market value and accumulated volume same as quantity of partial execution at that price In the Own Fee Overview window verify that the fees are updated after each partially executed price level netted trade Open the Trade Information window and verify that for a price level netted order quote an execution confirmation for each partial execution is sent execution confirmations are sent per matching transaction and price level In the Own Order Overview window select a price level netted order and press Modify In the Order Maintenance window modify the netting type of the order Verify that a price level netted order partially executed on two days will result in at least two netted positions for the two days separate trade confirmation with new unique trade ID Gruppe Deutsche Borse Xetra Release 6 0 Member Simulation Scripts amp Schedule Order Entry window Fast Order Entry window Mass Order Entry window Order Maintenance window Mass Order Maintenance window Quote Entry window Mass Quote Entry window Own Order Overview window Own Quote Overview window Back Office Information window Trade Information window Order Fee Overview window RPTTC530 RAWTC530 Daily Quote Maintenance RPTTC540 RAWTC540 Daily Order Maintenance RPTTC550 RAWTC550 Open Order Detail RPTTC810 RAWTC810 Daily Trade Confirmation RPTTC815 RAWTC815 Daily Netted Trade Detail Xetra
30. ct inquiry and broadcast of the new trading restrictions as well as the changes in order number and timestamp due to order maintenance e Open the Order Market Overview window and the Order Instrument Overview window and verify that orders with trading restriction MT MA and EA are added to respectively removed from the public order book with respect to their trading restrictions e n the Order Market Overview window and the Order Instrument Overview window verify the broadcast of the trading phases after an intra day closing auction has taken place e Open the Trade Information window and the Back Office Information window and check execution confirmations and trade confirmations for the respective display of the trading restrictions e n the Order Market Overview window and Order Instrument Overview window verify that the field ValPrc is only updated after the intra day closing auction or closing auction with the last traded price Also check that historical information derived from intra day closing auction values is displayed in the respective columns mee me celal e Order Entry window e Fast Order Entry window e Mass Order Entry window e Order Maintenance window e Mass Order Maintenance window e Order Market Overview window e Order Instrument Overview window e Own Order Overview window e Trade Information window e Back Office Information window Gruppe Deutsche Borse Xetra Release 6 0 Member Simulation
31. d Xetra Release 6 0 will be extended to support the CCP functions During the Xetra Release 6 0 Simulation the Central Counterparty special functionality within Xetra will be activated to allow the simulation of all new features of Xetra Release 6 0 Please note that this functionality will only be available in production after the introduction of the CCP More details regarding the Xetra Release 6 0 Simulation can be found in the Member Simulation Guide The scripts contained in this document are supposed to introduce the participants to the new functionality of Xetra Release 6 0 They aim at providing the participants with the guidance required to undertake each simulation focus day In addition to the scripts daily schedules are included for each simulation day 1 1 1 2 1 3 Gruppe Deutsche B rse Xetra Release 6 0 Member Simulation Scripts amp Schedule 13 03 2001 Page 4 of 54 _ Contents This document is structured by topics with special emphasis on focus functionality It contains focus oriented activity recommendations usability guidelines and additional user support e g references to supporting information list of related reports The chapters vary in their level of detail Activities related to features which are new for Xetra Release 6 0 are introduced on a step by step basis functionality which is known among the audience of these scripts is not described as detailed Assumptions The following assumptions
32. d of Trade 13 03 2001 Page 10 of 54 Gruppe Deutsche Borse Xetra Release 6 0 Member Simulation Scripts amp Schedule 13 03 2001 Page 11 of 54 1 4 3 Simulation Schedules 1 4 3 1 Trading Schedule Continuous Release Simulation March 15 2001 March 29 2001 Phase Instruments in Instruments in Cont Instruments in One Instruments in Continuous Trading Trading with Intra Auction Only Continuous Auction day closing auction Pretrading only on days 08 00 AM 08 20 08 00 AM 08 20 08 00 AM 02 10 08 00 AM 08 15 after a batch AM AM PM AM Opening Auction Call pes 20 AM 08 30 i 20 AM 08 30 only on days after a batch Price Determination From 08 30 AM on From 08 30 AM on Opening Auction Continuous Trading After Price After Price Determination Determination Opening Auction Opening Auction 02 00 PM 12 00 AM Intraday Auction Call 02 00 PM 02 05 12 00 AM 12 05 02 10 PM 02 15 Monday and Wednesday PM PM PM Price Determination From 02 05 PM on From 12 05 PM on From 02 15 PM on Intraday Auction Monday and Wednesday Continuous Trading After Price After Price Determination Determination Intraday Auction Opening Auction 04 25 PM 02 00 PM Closing Auction Call only 04 25 PM on days with batch 04 30 PM Price Determination From 04 30 PM on Closing Auction only on days with batch Intra day Closing Auction i 00 PM 02 05 Call Monday and Wednesday Price Determination Intra F
33. day Wednesday Thursday Friday Saturday Sunday 12 Mar 2001 13 Mar 2001 14 Mar 2001 15 Mar 2001 16 Mar 2001 17 Mar 2001 18 Mar 2001 Business Date Business Date Business Datel Business Date 19 Mar 2001 19 Mar 2001 19 Mar 2001 19 Mar 2001 No Simulation No Simulation No Simulation R6 0 Simulation R6 0 Simulation R6 0 Simulation R6 0 Simulation 8 00 AM Pre Trading System Open for Trading System Open for Trading System Open for Trading System Open for Trading Distribution Xetra R6 0 Connection Test Xetra Connection Test Xetra Simulation Kit 1 R6 0 Simulation Kit 1 R6 0 Simulation Kit 1 Monday Tuesday Wednesday Thursday Friday Saturday Sunday 19 Mar 2001 20 Mar 2001 21 Mar 2001 22 Mar 2001 23 Mar 2001 24 Mar 2001 25 Mar 2001 Business Date Business Date Business Date Business Date Business Date Business Date Business Date 19 Mar 2001 22 Mar 2001 22 Mar 2001 22 Mar 2001 26 Mar 2001 26 Mar 2001 26 Mar 2001 R6 0 Simulation R6 0 Simulation R6 0 Simulation R6 0 Simulation R6 0 Simulation R6 0 Simulation R6 0 Simulation 8 00 AM 8 00 AM Pre Trading Pre Trading System Open for Trading System Open for racing System Open for Tadina __ System Open for Trading System Open for Trading 5 00 PM 5 00 PM Begin Batch Begin Batch 1 2 su ND Ss SSS a Bale Give Up Take Up contains the new functionality of giving and taking up trades for the different account types Netting contains the price order and account level netting functionality
34. displayed as PTU for Pending Take Up in the Give Up Take Up Overview window Note if the automatic approval flag is not selected and the give up member is not a clearing member the given up trade is broadcast in the Give Up Take Up Overview window as PGA for Pending Give Up Approval e Reject a given up trade on the receivers side by pressing the Reject button in the Give Up Take Up Overview window and verify that the rejected trade is displayed as REJ e Take up a trade In the Give Up Take Up Overview window select a given up trade and press the Take Up button Verify that the taken up trade disappears from the Give Up Take Up Overview window Note if the automatic approval flag is not selected and the take up member is not a clearing member the taken up trade is displayed as PTA for Pending Take Up Approval e Verify that a generated give up take up trade triggers a broadcast in the GuTu column of the Back Office Information window e Check that a trade which is still in the give up take up process before end of post trading is re assigned to its originator e Verify that the Modify button in the Back Office Information window is disabled for pending give up take up trades e Check that fees of a given up trade are not transferred to the receiving member but stay with the original owner of the trade Gruppe Deutsche Borse Xetra Release 6 0 Member Simulation Scripts amp Schedule
35. e test environment IMS27 after a batch run has taken place a day before This service will be provided throughout the entire time table of simulation from March 15 2001 until April 20 2001 In order to login to the IMS environment with the members own Clearstream Account number or Clearing Member Account number the steps listed below should be followed e Open a 3270 Terminal Emulation e Enter IMS27 in the corresponding field of the login mask e Enter ID KZ xxxx199800 xx Clearstream Account Clearing Member Acoount and PW XETRASIM Personal XONTRO Trade Schlussnoten Contract Notes containing the Xetra trades are available using transaction code TRAN BCAG and FC AL In the following mask X for Xetra needs to be entered in the field Abrufgruppe and 1 in the field Abruf Nummer It is possible to filter the display by entering an Instrument ID WKN or abbreviation In this case no entry is allowed in the field Abruf Nummer When referring to business data as of the previous day please replace J in the field Lfd Boersentag by N or enter the required business date in the DDMMYY format this is possible for up to five business days ago Function keys PF8 or PF7 can be used to turn to the next or previous display mark respectively To logout from this dialogue use PF11 1 4 5 3 Gruppe Deutsche Borse Xetra Release 6 0 Member Simulation Scripts amp Schedule 13 03 2001 Page 18 of 54 Deutsche Borse Contacts Deutsche Borse wi
36. elong to the quotation provider subgroup of the issuer Gruppe Deutsche Borse Xetra Release 6 0 Member Simulation Scripts amp Schedule 13 03 2001 Page 38 of 54 Warrant trading with manually entered quote request Steps e In the Quote Request Entry window enter a quote request for an instrument traded in continuous auction e n the Order Instrument Overview window verify that as a reaction of the issuer on the quote request a quote is entered and the trading phase changes e n the Order Entry window prepare order and press Send Quote Request button e n the Order Market Overview window verify that as a reaction of the issuer on the quote request a quote is entered and the trading phase changes e Use prepared order in the Order Entry window to react on issuer s quote Warrant trading with time triggered quote request Steps e As issuer answer a time triggered quote request via the Quote Entry window e As trader verify that prices without turnover are marked with a Bid in the Order Market Overview window Order Instrument Overview window and the Ticker window Note The automatic quote request will only be generated if no price determination has occurred e Order Entry window e Quote Request Entry window e Order Market Overview window e Order Instrument Overview window e Ticker window Xetra Release 6 0 Exchange Trading System User Guide e Chapter 4 2 1 Order Instrument Overview Window e Chapter 4 2
37. he Borse Xetra Release 6 0 Member Simulation Scripts amp Schedule 13 03 2001 Page 40 of 54 Dynamic resizing of the Order Instrument Overview window With Xetra Release 6 0 the Order Instrument Overview window is enhanced by dynamic resizing in order to reduce the required overall window size The auction group box is automatically integrated into the size of the window in respect to the trading phases This allows saving desktop space with areas which are not permanently in use Xetra Business Date each simulation day Simulation hours 8 00 a m 5 00 p m Steps e Open the Order Instrument Overview window e Verify that the auction group is automatically integrated into the size of the Order Instrument Overview window in case an auction phase takes place e Order Instrument Overview window Xetra Release 6 0 Exchange Trading System User Guide e Chapter 4 2 1 Order Instrument Overview Window 3 1 3 1 1 Gruppe Deutsche Borse Xetra Release 6 0 Member Simulation Scripts amp Schedule 13 03 2001 Page 41 of 54 Instruments available for Xetra Release 6 0 All equities apart from the equities listed in chapter 3 3 Instruments available for Intra day Closing Auction have the Central Counterparty CCP functionality switched on For bonds and warrants the CCP functionality is switched off Overview of all Instruments used in Permanent Simulation Equities KN ISIN Mnemonic Trading Model Type Name Instrument G
38. in the activity Indicates information about reports relevant for the script or activity Indicates references within training materials and supporting documentation The following text styles are used to highlight words and expressions Text Style Description Italics Indicates a component of the Xetra Front End e g window names or fields Bold Indicates a sub topic header or references header Unless explicitly mentioned the given descriptions and function explanations are valid for all platforms Sun Solaris IBM AIX and Microsoft Windows NT Intel 2 3 2 3 1 Prerequisites Gruppe Deutsche Borse Xetra Release 6 0 Member Simulation Scripts amp Schedule 13 03 2001 Page 21 of 54 Netting Netting is offered by the Central Counterparty CCP and Xetra Release 6 0 will be extended to support three levels of netting in order to reduce the number of settlement instructions During the Xetra Release 6 0 Simulation the Central Counterparty special functionality within Xetra will be activated to allow the simulation of all new features of Xetra Release 6 0 Please note that this functionality will only be available in production after the introduction of the CCP which is planned for the third quarter 2001 All netting types are available on the Proprietary Agent Designated Sponsor Issuer and Liquidity Provider accounts An order quote partially executed on different trading days will result i
39. ion Scripts amp Schedule 13 03 2001 Page 22 of 54 Steps Open the Mass Order Entry window and the Mass Quote Entry window or use the Fast Order Entry window Further open the Own Order Overview window Own Quote Overview window Back Office Information window Own Fee Overview window and the Trade Information window Enter an order quote and set its netting indicator to P for price level netting and make sure that it is matched within the same price determination against several orders or quotes at the same price Enter an order quote and set its netting indicator to P for price level netting and make sure that it is executed against orders with the same price on different times Enter an order quote and set its netting indicator to P for price level netting and make sure that it is executed against orders with different prices during auctions and continuous trading Verify that for each price at which parts of the order were netted one trade confirmation is sent In case a price level netted order results in a partial execution at the same price as a previous partial execution of the same order a new trade confirmation is sent In the Own Order Overview window and the Own Quote Overview window check the broadcast of the price level netted entered orders quotes In the Back Office Information window check that one trade confirmation unique trade ID per matching transaction is sent containing the price and qu
40. ion the Central Counterparty special functionality within Xetra will be activated to allow the simulation of all new features of Xetra Release 6 0 Please note that this functionality will only be available in production after the introduction of the CCP which is planned for the third quarter 2001 Trades can only be given up from the exchange member s agent account but taken up in the agent proprietary designated sponsor issuer and liquidity provider accounts when applicable according to the trading model of the instrument Give Up Take Up functionality is available for clearing members and non clearing members likewise However if the member is a non clearing member his clearing member has to approve the give up take up transaction No approval is required if the give up take up member is a clearing member or if the automatic approval flag is selected by Market Supervision A clearing member can only inquire information on all give up and take up activities of all non clearing members for whom he is acting as clearer and approve the give up trades and take up trades of his non clearing members Senior traders can give up or take up trades on behalf of their trader sub groups Give up Take up transactions are only supported for trades of the current day Thus the process of giving up taking up has to be completed before the end of post trading Otherwise all trades will be re assigned to their originator The number of give up take up
41. ll provide dedicated support to the members to facilitate successful participation in the simulation Members can reach Deutsche B rse with their questions and comments regarding simulation using the familiar helpdesk numbers Deutsche B rse Trading Helpline Xetra e Telephone 49 69 2101 14 00 e Fax 49 69 2101 1401 e Hours 7 00 a m 8 00 p m CET on exchange trading days Deutsche B rse Technical Helpdesk Xetra e Telephone 49 69 2101 84 00 e Fax 49 69 2101 8401 e Hours 6 00 a m 10 00 p m CET on exchange trading days Deutsche B rse Change Management Xetra e Telephone 49 69 2101 1640 e Fax 49 69 2101 16 41 e Hours 8 00 a m 6 00 p m CET on exchange trading days Deutsche B rse Technical Member Readiness Xetra e Telephone 49 69 2101 1390 e Fax 49 69 21 01 1391 e Hours 8 00 a m 6 00 p m CET on exchange trading days Queries from members regarding the current focus day topic will be handled with higher priority 2 1 2 2 Symbols Gruppe Deutsche Borse Xetra Release 6 0 Member Simulation Scripts amp Schedule R6 0 13 03 2001 Page 19 of 54 Member Simulation Scripts Preliminary Remarks In order to offer a wide range of simulation functionality there will be instruments with Central Counterparty CCP functionality and instruments without CCP functionality in Xetra Release 6 0 Simulation Furthermore instruments with an intra day closing auction scheduled will be provided during
42. mp Schedule 13 03 2001 Page 48 of 54 WKN ISIN Mnemonic Trading Model Type Name VIVENDI S A FF 100 GOB Continuous Trading STGOBAIN FF 100 881111 NLO000303568 INN Continuous Trading ING GROEP NV CVA FL1_ LYO NOA3 PHI ROY Schweiz Rueckvers N SF 10 SGE Continuous Trading STE GENERALE FF 30 UBR Gruppe Deutsche Borse Xetra Release 6 0 Member Simulation Scripts amp Schedule 13 03 2001 Page 49 of 54 3 1 2 Warrants KN ISIN Mnemonic Trading Model Type Name Instrument Group WAR1 WARRANTS BBEB BFE DRDZ EUROP SMALLER WTO2 DZ SVG PRSB SAZA g g g ng ng d ng g Gruppe Deutsche Borse Xetra Release 6 0 Member Simulation Scripts amp Schedule 13 03 2001 Page 50 of 54 Designated Sponsor Instruments ALT AVA BBX BEB2 n CON n n n n g g g g g g g g g g DUE DYK n 559103 DE0005591036 DYK3 Continuous Tradin DYCKERH OFF VZ g ng i FAG FIE3 n 578560 DE0005785604 FRE Continuous Trading FRESENIUS AG ST DM 5 578563 DE0005785638 FRE3 Continuous Trading FRESENIUS AG VZ O ST DM 5 n n g g GEH GOZ HDD n n d HEI3 IKB g g g g g g ng ng g g g g g g g 522390 DE0005223903 BSK Continuous Trading BHW HOLDING AG DM 5 IGL L 622910 DE0006229107 JEN KLOECKNER WERKE KRN Continuous Trading KRONES AG ST O N Gruppe Deutsche Borse Xetra Release 6 0 Member Simulation Scripts amp
43. n at least one netted position for each trading day because netting is only applicable for the current business day Netting needs to be performed during order quote entry Fee calculation is based on the executed order and the resulting fees are included in the trade confirmation Price Level Netting In case of price level netting each order quote which is matched against several orders and quotes at the same price within the same price determination is netted For every price level netted transaction one new unique trade ID is generated per price level If the price level netted order or quote is executed against several orders or quotes at the same limit one execution confirmation and one trade confirmation with the accumulated volume is sent to the member If the price level netted order or quote is executed against several orders or quotes at different limits one execution confirmation and one trade confirmation with the accumulated volume is sent to the member for each limit Price level netted trades are displayed dynamically in the Back Office Information window Xetra Business Date 22 03 2001 Calendar Date 22 03 2001 Simulation hours 8 00 a m 5 00 p m Reports available next day Xetra Business Date 06 04 2001 Simulation hours 8 00 a m 5 00 p m Reports available next day e Netting can only be performed for instruments which will be handled by the CCP Gruppe Deutsche Borse Xetra Release 6 0 Member Simulat
44. nterest Rates Mnemonic Trading Model Type Name Instrument Group RC01 REVERSE CONVERTIBLES 000104300 DE0001043008 Continuous Auction DT BANK IS 99 00 000104302 DE0001043024 Continuous Auction DT BANK IS 99 00 000104350 DE0001043503 Continuous Auction DT BANK IS 99 00 000394350 DE0003943502 ZBUN Continuous Auction DRESDNER BK DAX REV
45. nuous Trading Continuous Trading Continuous Trading FORTEC ELEKTRONIK VERTR LAHM EYER AG DM 5 PLETTAC AG 508600 DE0005086003 555030 DE0005550305 802500 DE0008025008 BHF One Auction Onl Conti Conti y inuous Trading inuous Trading ALLBECON AG O N BRAU UND BRUNNEN AG BHF BANK AG Gruppe Deutsche Borse Xetra Release 6 0 Member Simulation Scripts amp Schedule WKN ISIN Mnemonic 00 41003 DE0008410036 COL3 U1 U1 00 U1 85703 DE0005857031 GEA3 IO AG 01 01 Trading Model Type 41000 DE0008410002 coL Continuous Trading Continuous Trading 14000 DE0005140008 IDBK Continuous Trading 41690 DE0008416900 DBV Continuous Trading 85700 DE0005857007 IGEA Continuous Trading Continuous Trading 656030 DE0006560303 MMN Continuous Trading 13 03 2001 Page 43 of 54 Name AXA COLONIA KONZERN AG AXA COL VZ O ST DM 5 DEUTSCHE BANK AG NA DBV WINTERTHUR HOLD AG EA AG GEA AG VZ O ST FRIEDRICH GROHE AG VZ HOECHST AG MANNESMANN AG NA SAP AG VZ ADR 1 12 O N ARTA nstrument Group ITA1 ITALIEN 73677 DE0008736778 BNGD One Auction Only 00 co 67535 DE0008675356 FIA One Auction Only ENETTON GRP LI500 DZ SVG IAT LI 1000 DZ SVG M m Gruppe Deutsche Borse Xetra Release 6 0 Member Simulation Scripts amp Schedule 13 03 2001 Page 44 of 54 WKN ISIN Mnemonic Trading Model Type Name Instrument Group LUX1 BENELUX AKU Continuous Trading
46. on User profiles will be converted for Release 6 0 Simulation Designated Sponsor assignments will remain the same as in Xetra Release 5 0 Permanent Simulation Also the same instruments will be used for Designated Sponsors Designated Sponsor measurement will only be taken for the following five equities Index Mnemonic WKN e MDAX AFI 502820 e MDAX DOU 609900 e MDAX HEI 604700 e MDAX IVG 620570 e MDAX SGL 723530 To access the XONTRO Trade Simulation environment the already known password XETRASIM can be used User IDs have the format kkkk199800 where kkkk is the member s Kassenvereinsnummer For a detailed description please refer to chapter 1 4 5 2 and for further information please contact Deutsche Borse Xetra Trading Helpline Gruppe Deutsche Borse Xetra Release 6 0 Member Simulation Scripts amp Schedule 13 03 2001 Page 16 of 54 1 4 5 Simulation Support 1 4 5 1 Supporting Documentation The following documents are available to provide background information not covered in this document Document Audience Description Member Simulation System General information about Xetra Release 6 0 Simulation Guide Operator Administrator Trader System Administration Administrator Description ofthe Xetra authorization concept for Release 6 0 Guide maintenance of user access rights assignment of accounts and instruments to users user subgroups senior traders and trading assistants Front End Installation System Informa
47. onday Tuesday Wednesday Thursday Friday Saturday Sunday 23 Apr 2001 24 Apr 2001 25 Apr 2001 26 Apr 2001 27 Apr 2001 28 Apr 2001 29 Apr 2001 Business Date Business Date Business Date Business Date Business Date 02 May 2001 02 May 2001 02 May 2001 02 May 2001 02 May 2001 No Simulation No Simulation Permanent Simulation Permanent Simulation Permanent Simulation Permanent Simulation Permanent Simulation 8 00 AM Pre Trading System Open for Trading System Open for Trading System Open for Trading System Open for Trading System Open for Trading o A ee ee L Production Kit R6 0 Production Kit Monday Tuesday Wednesday Thursday Friday Saturday Sunday 30 Apr 2001 01 May 2001 02 May 2001 03 May 2001 04 May 2001 05 May 2001 06 May 2001 Business Date Business Date Business Date Business Date Business Date Business Date Business Date 02 May 2001 02 May 2001 02 May 2001 07 May 2001 07 May 2001 07 May 2001 07 May 2001 Permanent Simulation Permanent Simulation Permanent Simulation Permanent Simulation Permanent Simulation Permanent Simulation Permanent Simulation 8 00 AM Pre Trading System Open for Trading System Open for Trading System Open for Trading System Open for Trading System Open for Trading System Open for Trading System Open for Trading 5 00 PM Begin Batch Production Launch Xetra R6 0 Monday Tuesday Wednesday Thursday Friday Saturday Sunday 07 May 2001 08 May 2001 09 May 2001 10 May 2001 11 May 2001 12 May 2001 13 May 2001
48. onfirmation and an update trade confirmation are sent to the member for each further partial execution The update trade confirmation includes the average price and the accumulated volume based on all executions of the order for the current trading day as well as the price and volume of the last execution Only one trade ID is assigned independently of the number of partial executions during the current trading day The trade confirmation broadcasts sent out with each additional partial execution will contain the originally assigned trade ID Account level netting averages different prices resulting from different execution times of partial executions at different prices for one order quote and accumulates all executed volumes Account level netted trades are displayed dynamically in the Back Office Information window Xetra Business Date 22 03 2001 Calendar Date 22 03 2001 Simulation hours 8 00 a m 5 00 p m Reports available next day Xetra Business Date 06 04 2001 Simulation hours 8 00 a m 5 00 p m Reports available next day e Netting can only be performed for instruments which will be handled by the CCP Gruppe Deutsche Borse Xetra Release 6 0 Member Simulation Scripts amp Schedule 13 03 2001 Page 28 of 54 Steps Open the Mass Order Entry window and the Mass Quote Entry window or use the Fast Order Entry window Further open the Own Order Overview window Own Quote Overview window Back Office Information
49. rmation includes the average price and the accumulated volume based on all executions of the order for the current trading day as well as the price and volume of the last execution Only one trade ID is assigned independently of the number of partial executions during the current trading day The trade confirmation broadcasts sent out with each additional partial execution will contain the originally assigned trade ID Order level netting averages different prices resulting from different execution times of partial executions at different prices for one order quote and accumulates all executed volumes Order level netted trades are displayed dynamically in the Back Office Information window Xetra Business Date 22 03 2001 Calendar Date 22 03 2001 Simulation hours 8 00 a m 5 00 p m Reports available next day Xetra Business Date 06 04 2001 Simulation hours 8 00 a m 5 00 p m Reports available next day e Netting can only be performed for instruments which will be handled by the CCP Gruppe Deutsche Borse Xetra Release 6 0 Member Simulation Scripts amp Schedule 13 03 2001 Page 25 of 54 Steps Open the Mass Order Entry window and the Mass Quote Entry window or use the Fast Order Entry window Further open the Own Order Overview window Own Quote Overview window Back Office Information window Own Fee Overview window and the Trade Information window Enter an order quote and set its netting indicator to O
50. rom 02 05 PM on day Closing Auction Monday and Wednesday Continuous Trading After Price Determination Intra day Closing Auction 04 25 PM End of day Auction Call E 25 PM 04 30 Monday and Wednesday Price Determination End om 04 30 PM on of day Auction Monday and Wednesday cR Ro de ce ed PM See chapter 3 3 for instruments scheduled for an intra day closing auction Gruppe Deutsche Borse Xetra Release 6 0 Member Simulation Scripts amp Schedule 13 03 2001 Page 12 of 54 Phase Instruments in Instruments in Cont Instruments in One Instruments in Continuous Trading Trading with Intra Auction Only Continuous Auction day closing auction Post Trading After Price After Price After Price From 04 29 PM to Determination Determination End Determination Intraday 05 00 PM until Closing Auction of day Auction Auction 05 00 PM continuous auctions 05 00 PM only on 05 00 PM only on until intraday auction of next day if no days with a batch days with a batch of next day if no batch batch scheduled scheduled Ready for Batch only on 05 00 PM 05 00 PM 05 00 PM 05 00 PM days with batch During the Continuous Release Simulation Trading Schedule there might be slight divergences concerning the start times of the trading phases because they will be initiated manually Last time for instruments to go to post trading There will be instruments that will switch earlier to post trading due
51. roup ASI1 ASIEN 885881 TH0150010013 KTBF Continuous Trading KRUNG THAI BK FGN BA 10 Instrument Group AST1 AUSTRIA Instrument Group BC1 BLOCK CROSSING BCALV BCBAS BCBAY BC0803200 BC0008032004 BCCBK Block Crossing BCDBK BCDEZ Block Crossing BCDRB BCDTE Block Crossing BCEOA BCHVM Block Crossing BC0605630 BC0006056302 BCLMY Block Crossing BCSIE BMUV2 BSAP3 BVOW2 Instrument Group DAX1 DAX 500340 DE0005003404 ADS Continuous Trading ADIDAS SALOMON AG SVG ALLIANZ AG DM 5 n n g g g BMW3 ng ng ng g g DTE Gruppe Deutsche Borse Xetra Release 6 0 Member Simulation Scripts amp Schedule ISIN Mnemonic FME3 IFX LIN MAN3 PRS RWE3 17200 23610 SIE vow VOW3 78580 78583 04840 04843 02200 23100 27500 23212 48300 93700 93703 25750 25753 43002 43004 95200 95201 03700 03703 16460 16463 SS SS SS BB Of CO MY 1 La D o a o COP HM oy Ss A 2 N Trading Model Type Continuous Trading Continuous Trading Continuous Trading Continuous Trading Continuous Trading Continuous Trading Continuous Trading Continuous Trading Continuous Trading Continuous Trading Continuous Trading Continuous Trading Continuous Trading Continuous Trading Continuous Trading Continuous Trading Continuous Trading Continuous Trading Continuous Trading Continuous Trading Continuous Trading Continuous Trading 13 03 2001 Page 42 of 54
52. s right after the closing auction To enhance the trading model three new trading restrictions are introduced The restriction main trading phase only leads to an order which is only executable in the main trading phase start of the opening auction until the end of the intra day closing auction The restriction auctions in the main trading phase specifies an order which is only executable in the auctions of the main trading phase Orders will only be executed in the end of day auction if the end of day auction only trading restriction is selected Xetra Business Date 26 03 2001 Calendar Date 26 03 2001 Simulation hours 8 00 a m 5 00 p m Reports available next day Xetra Business Date 09 04 2001 Simulation hours 8 00 a m 5 00 p m Reports available next day e Intra day closing auction has to be scheduled for the instrument refer to chapter 3 3 Gruppe Deutsche Borse Xetra Release 6 0 Member Simulation Scripts amp Schedule 13 03 2001 Page 35 of 54 Steps e Open the Mass Order Entry window or use the Fast Order Entry window and open the Mass Order Maintenance window e Enter and modify orders with the new trading restrictions MT for main trading phase MA for auctions in the main trading phase and EA for end of day auction only e Open the Own Order Overview window and check that the orders are displayed with the respective trading restrictions e Verify the corre
53. simulation For the instruments listed in chapter 3 3 an intra day closing auction will be scheduled during simulation Hence these instruments provide the opportunity to get to know the new functionality of the intra day closing auction For these instruments the CCP will be switched off For Netting and Give Up Take Up functionality the CCP functionality will be switched on Hence for all equities apart from the equities for which an intra day closing auction has been scheduled see chapter 3 3 Netting and Give Up Take Up functionality are supported during simulation For block crossing instruments post trade anonymity will be switched on For warrants and bonds neither post trade anonymity nor the CCP will be switched on Script Conventions The following symbols are used as visual orientation aids within this document They appear in the left margin of the scripts and give additional orientation help e g to retrieve important information or to find a step by step walkthrough more quickly Symbol Description Indicates the focus objectives of the scripts Indicates information about times relevant for the script Indicates activity recommendations and usability guidelines Indicates a step by step walkthrough of the activity KS e Text Styles Miscellaneous Gruppe Deutsche Borse Xetra Release 6 0 Member Simulation Scripts amp Schedule 13 03 2001 Page 20 of 54 Description Indicates windows used with
54. tes will be available for members review in the XONTRO Trade Simulation environment IMS27 The process of accessing these confirmations online will reflect the same processes used in production 1 4 2 Gruppe Deutsche B rse Xetra Release 6 0 Member Simulation Scripts amp Schedule Simulation Trading Phases For the trading phases the following abbreviations are used ADD START PRETR QPREC OIPO QIPO OCALL OPOBB OOBB QCALL QPOBB QOBB IIPO ICALL IPOBB IOBB CCALL CPOBB COBB ECALL EPOBB EOBB TRADE BETW POSTR OFRZ QFRZ IFRZ HALT SUSP New Instrument Start Pre Trading Quote Driven Auction Pre Call Opening IPO Initial Public Offering Call Quote Driven IPO Call Opening Auction Call Opening Auction Pre OBB Order Book Balancing Opening Auction OBB Quote Driven Auction Call Quote Driven Pre OBB Quote Driven OBB Intra Day IPO Call Intra Day Auction Call Intra Day Auction Pre OBB Intra Day Auction OBB Closing Auction Call Closing Auction Pre OBB Closing Auction OBB End of Day Auction Call End of Day Auction Pre OBB End of Day Auction OBB Continuous Trading In Between Auction Post Trading Opening IPO Freeze Quote Driven IPO Freeze Intra Day IPO Freeze Halt Suspended 13 03 2001 Page 9 of 54 Gruppe Deutsche Borse Xetra Release 6 0 Member Simulation Scripts amp Schedule VOLA Volatility Interruption VOLA of Continuous Trading DEL Instrument ready to be deleted ENDTR En
55. tion about installation of the Xetra Release 6 0 Front Guide Xetra R6 0 Operator End Front End Operations System Information about operation of the Xetra Release 6 0 Front Guide Xetra R6 0 Operator End Exchange Trading Trader User Manual of Xetra Trader for Xetra Release 6 0 System User Guide Administrator Training Material for Trader Examples and exercises of how to work with Xetra Release Member Funct Administrator 6 0 Functional Description Trader This document contains information of the new Xetra Release 6 0 functionality It describes the functionality made available to members with Xetra Release 6 0 Technical Description Administrator The objective of this document is to provide an overview of the technical structure of Xetra Release 6 0 This mainly includes a description of hardware and software components as well as the requirements that have to be met by the network configuration Market Model Stocks Trader Description of the mechanism for matching orders for stocks in the exchange trading system Market M odel Trader Description of the mechanism for matching warrants for Warrants warrants in the exchange trading system 1 4 5 2 Gruppe Deutsche Borse Xetra Release 6 0 Member Simulation Scripts amp Schedule 13 03 2001 Page 17 of 54 Online Inquiry of Xetra Schlussnoten in Simulation All trades entered during Xetra Simulation will be available online as Schlussnoten Contract Notes in XONTRO Trade within th
56. ule e Information about data and functionality available during simulation e Details about the support provided by Deutsche Borse throughout simulation 13 03 2001 Page 5 of 54 Gruppe Deutsche Borse Xetra Release 6 0 Member Simulation Scripts amp Schedule 13 03 2001 Page 6 of 54 1 4 1 Simulation Calendar The calendar for Xetra Release 6 0 Simulation is given below Monday Tuesday Wednesday Thursday Friday Saturday Sunday 26 Feb 2001 27 Feb 2001 28 Feb 2001 01 Mar 2001 02 Mar 2001 03 Mar 2001 04 Mar 2001 Business Date Business Date Business Date Business Date Business Date Business Date Business Date 08 Mar 2001 09 Mar 2001 09 Mar 2001 09 Mar 2001 12 Mar 2001 12 Mar 2001 12 Mar 2001 Permanent Simulation Permanent Simulation Permanent Simulation Permanent Simulation Permanent Simulation Permanent Simulation Permanent Simulation 10 00 AM Start Pre Trade 10 00 AM Start Pre Trade System Open for Trading System Open for Trading System Open for Trading System Open for Trading System Open for Trading System Open for Trading System Open for Trading 2 30 PM 2 30 PM Begin Batch Begin Batch Monday Tuesday Wednesday Thursday Friday Saturday Sunday 05 Mar 2001 06 Mar 2001 07 Mar 2001 08 Mar 2001 09 Mar 2001 10 Mar 2001 11 Mar 2001 Business Date 12 Mar 2001 Permanent Simulation No Simulation No Simulation No Simulation No Simulation No Simulation No Simulation System Open for Trading 2 30 PM Begin Batch Monday Tues
57. uous Auctons After Price Determination After Price From 07 59 PM to ue Auction 08 30 Determination Intraday 08 30 PM Auction 08 30 PM Ready for Batch o8 30 PM 08 30 PM 08 30 PM No intra day closing auction will be provided on this days because there will be no intra day closing auction being scheduled with production start Last time for instruments to go to post trading There will be instruments that will switch earlier to post trading due to technical restrictions 1 4 4 Gruppe Deutsche B rse Xetra Release 6 0 Member Simulation Scripts amp Schedule 13 03 2001 Page 15 of 54 Simulation Data For Xetra Release 6 0 Simulation the following setup has been provided to support members simulation activities Technical member data i e IP address node name logical name node password network password primary and backup access point hardware type 2 report nodes application identifier etc will be taken from Xetra Release 5 0 Permanent Simulation Functional member data i e member name member address KV number member type clearing type settlement account fee package etc will be taken from Xetra Release 5 0 Permanent Simulation Functional user data i e user name account type user password activation status etc will be taken from Xetra Release 5 0 Permanent Simulation Additional users may be set up by the members security administrators during Xetra Release 6 0 Simulati
58. window Own Fee Overview window and the Trade Information window Enter an order quote and set its netting indicator to A for account level netting and make sure that it is executed against several orders with the same price Enter an order quote and set its netting indicator to A for account level netting and make sure that it is executed against several orders on different prices Enter an order quote and set its netting indicator to A for account level netting and make sure that it is matched against several other orders or quotes during continuous trading and auction trading phases and on different prices Verify that account level netting averages different prices resulting from different execution times and accumulates all executed volumes in the Back Office Information window Verify that the price and the quantity of the last partial execution plus the updated average price accumulated market value and accumulated volume of all partial executions are displayed in the Back Office Information window after each new partial execution of an account level netted trade Verify that if the order quote is fully executed against several orders quotes at different limits one execution confirmation for each execution price is sent in the Trade Information window Verify that only one trade ID is assigned independently of the number of partial executions during the current trading day in the Trade Information window In the
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