Release Notes for SMR4 (Version 1.00)
Contents
1. will be introduced for both OBM Partitions The new GLIMPSE Service uses the SoupBinTCP protocol only and allows users to re connect during the trading day and rebuild the current order book state efficiently Each OBM Partition has its own dedicated GLIMPSE hosts and users 4 1 3 OTI OUCH Trading Interface The OUCH Trading Interface OTI will also be extended to include OBM Partition 2 ETFs Sponsored Funds Bonds Scoach Switzerland Structured Products and will allow the sending of orders to this Partition Each OBM Partition will have its own dedicated OTI hosts and users Participants need to apply for new and dedicated OTI users for Partition 2 The OTI functionalities currently provided for OBM Partition 1 Equities will not be affected For Price Takers the capacity provided via OTI for OBM Partition 2 will be throttled and delayed to similar levels as on the Standard Trading Interface STI while Market Makers will enjoy the low latency of the new QTI interface In addition a global per OTI user safety limit will be implemented to protect the system from misbehaving applications submitting abnormal high number of transactions per second e g gt 7000 The safety limit will be the same for all OTI users When an OTI user exceeds the safety limit the OTI user will be disconnected and the OTI user s orders will be deleted public SWXess Maintenance Release Page 9 Release Notes for SMR4 Version 1 00 SSX SMR4 RELN 100 E V2. 0 UNCHANGED 17 05 2013 Standard Trading Interface STI Specification Bilateral SSX SPEC STI BTR 1 7 0 Trading Version 1 7 0 UNCHANGED 29 05 2013 Standard Trading Interface STI FIX 4 4 Repository see Member Section Downloads Version for SMR4 page public SWxXess Maintenance Release Page 14 Release Notes for SMR4 Version 1 00 SSX SMR4 RELN 100 E Version 1 00 20 08 2013 Status Date Subject Reference Market Data Interface MDI NEW FOR 09 08 2013 SWX VCA SPEC MDI 116 E SMR4 NEW FOR 14 08 2013 SMR4 see Member Section Downloads page see Member Section Downloads page NEW FOR 14 08 2013 SMR4 UNCHANGED 25 05 2012 see Member Section Downloads page Reference Data Interface RDI s NEW FOR 17 05 2013 SMR4 SWX VCA SPEC RDI 119 E Sponsored Access Service UNCHANGED 06 05 2013 SSX SA FDC SPEC 1 8 UNCHANGED 20 03 2013 SSX SA SFI SPEC 1 0 2 Participant Trade Reconciliation Report NEW FOR 21 06 2013 SMR4 Trade and Transaction Reporting UNCHANGED 18 12 2012 SWX PTP TRX INT 2 7 0 SSX SWXS SPEC TRR1 10 0 E UNCHANGED 27 05 2013 SIX SSE MAN REP 312 E Bilateral Trading Platform UNCHANGED 21 05 2013 SSX SWXS SPEC VPF110 E Connectivity 17 07 2013 UNCHANGED SWX CNTY GUID1800 E public SWxXess Maintenance Release Page 15 Release Notes for SMR4 Version 1 00 SSX SMR4 RELN 100 E Version 1 00 20 08 2013 7 Migration A
3. Documents and Artefacts ssnssunssunssunnnunneunnnunnnunnnnnnnnnnnnnnnnnnn anneanne nnne nnnn ennnen ennen 13 7 Migration Activities and Transitional Periods c ccceeseeceeeeeeeeeeeeneeeeeeeneeseeeeneesesesneeseeeeneneeeeenees 15 Ken We e 15 7 2 Preparation for Migration Weekend AAA 16 Peed SUSer APpliCation EE 16 KEE 16 73 Migration Weekend esarion ie ale len cee eka dle ee ea keh cle vel alee 16 7 3 1 Membertest Migration Schedule cceceeeceeeeeceneeeeaeeeeeeeeeaeeeeaaeeeeaeeseeeeesaaeeesaaeseeneeseeeeesaeeseeeteaes 17 7 3 2 Information during Membertest Migration Weekend 17 73 3 Production Migration Sehegdule seuren itanna anaana aa urnana airian angie lee ayia ee 17 7 4 Connectivity Testing Checklist During Migratton 18 8 Testing Activities During Member Test Phase c sccceeseeceeeeneeeeeeeneneeeeeneeseeenneeseeesneeseeesnenseeesnees 19 8 1 Scope of Member Test Phase 19 8 2 Clearing and Settlement During Member Test Phase 19 8 3 Trading Hours and Availability eee ccceceeee ee eeeee ee eeee ener eeeeaeeeeeeeaeeeeeneaeeeeeeaaeeeseeaaeeeseeaaeeeeneaeeeesenaes 19 8 4 On Book Trading Testing Gences nnt 19 8 5 Performance Tests and Background Load Tests 20 8 6 SWXess Intraday Recovery Tests 20 public SWXess Maintenance Release Page 4 Release Notes for SMR4 Version 1 00 SSX SMR4 RELN 100 E Version 1 00 20 08 2013 1 Introduction 1 1 Purpose amp Scope This document provi
4. During migration weekend only the network connectivity to the new interfaces can be tested public SWxXess Maintenance Release Page 19 Release Notes for SMR4 Version 1 00 SSX SMR4 RELN 100 E Version 1 00 20 08 2013 8 Testing Activities During Member Test Phase 8 1 Scope of Member Test Phase We strongly recommend that all participants ASPs and ISVs test their Member Own Applications MOAs Goals during Member Test phase e Test your Member Own Applications and verify that they are in line with the latest SMR4 interface specifications including full loop test with clearing and settlement e Optional participate in the performance tests organised by SIX Swiss Exchange e Highly recommended participate in one of the scheduled SWXess Intraday Recovery Tests organised by SIX Swiss Exchange 8 2 Clearing and Settlement During Member Test Phase The SIX SIS link for Clearing and Settlement is available during the Member Test phase except during performance tests and background load tests We recommend running full loop tests as soon as possible with your MOAs and back office system 8 3 Trading Hours and Availability The trading hours and the availability of the Membertest environment remain unchanged for the SMR4 Membertest phase Please refer to the following links for details Environment calendar http www six swiss exchange com participants participation environment_calendar_en html http www six swiss Trading hour
5. including set up of CTI STI IMI OTI or QTI users QPS OPS or FOPS capacity allocation please contact Member Services Location Phone E mail Days and Times Local Zurich 41 58 399 2473 r services six Business days 08 00 18 00 CET public SWXess Maintenance Release Page 6 Release Notes for SMR4 Version 1 00 SSX SMR4 RELN 100 E Version 1 00 20 08 2013 2 SMR4 Summary SIX Swiss Exchange is introducing a maintenance release SMR4 on the SWXess trading platform with a first active date of 2 September 2013 in Membertest and 4 November 2013 in Production The key facts of SMR4 are summarised below e X stream INET direct low latency interfaces for trading OTI quoting QTI and market data IMI introduced for OBM Partition 2 via SCAP and Co Location Access e New IMI Order Book Snapshot Recovery Service GLIMPSE introduced for both OBM Partitions e The Capacity Trading Interface CTI will be decommissioned for both OBM Partitions six months after the SMR4 production live date During this transition period CTI applications will continue to be supported e Improved recovery mechanism introduced for MDI users e The legacy URL links to the server provided files accessible via SCAP will be decommissioned nine weeks after the SMR4 production live date e New Reference Data Interface RDI attribute instrumentPartitionCode added to TradedInstrument object e The legacy MDI Rendezvous Point will be decommissione
6. instead of the FlX based section 4 6 Reconciliation file With the Co Location Service also available for OBM Partition 2 Participants with market making obligations should evaluate whether given their business modes it makes sense for them to go into co location and benefit from the lower latency public DW ess Maintenance Release Page 16 Release Notes for SMR4 Version 1 00 SSX SMR4 RELN 100 E Version 1 00 20 08 2013 7 2 Preparation for Migration Weekend 7 2 1 User Application Participants wishing to use any of the new interfaces IMI GLIMPSE OTI or QTI are required to apply for User IDs by filling in the appropriate form available on the Forms page as from 23 08 2013 and returning it to Member Services 7 2 2 IP Addresses The IP addresses for all new interfaces and services are shown in SWXess Public Config The ports are available in SWXess Private Config as they are assigned individually per user The following table shows the availability of the new IP addresses Environment Available to ping Available to connect Production P01 as of Sat 31 Aug 2013 see section 7 3 3 Production P01 Disaster Backup Site not applicable not applicable Membertest M01 as of Sat 31 Aug 2013 as of Tue 03 Sep 2013 The P01 Disaster Backup Site IP addresses will be available to ping as part of the Production Migration schedule SIX Swiss Exchange will inform participants in due course regarding further testing oppo
7. Ba I X Swiss Exchange SWXess Maintenance Release Release Notes for SMR4 Version 1 00 SSX SMR4 RELN 100 E Version 1 00 20 08 2013 This document provides all relevant information for SMR4 including functional and technical changes relevant documents and specifications migration plan and testing activities public Copyright SIX Group Ltd 08 2013 All rights reserved All trademarks observed SWXess Maintenance Release Page 2 Release Notes for SMR4 Version 1 00 SSX SMR4 RELN 100 E Version 1 00 20 08 2013 Table of Content E CUATRO CUCUIO NN isese A EEEE E ee 4 Vl PUIPOSE 8CSCOPC ete aith aa E in ta ee a ee 4 1 2 Changes Since Last Version 4 1 3 Definitions amp Abbreviations 2 2 ce a an E AA A EE T A A 4 LZ eer EE 5 2 SMRA SUMIMALY ee 6 3 SOMRAK y Da O e reaa a ae a a a ae a aa p ae a a aeaaea a E a re Eae 7 4 Overview of SMR4 ChangeS s sssnssunseunrsunnnennnennnennnunnnnnnnnnnnnnnnnnnn nunn nnnn nnne nnnn ennn nnnn ennn ennnen annue nenn n annen 8 4 1 Direct Trading Interfaces QTI IMI OT 8 4 1 1 QTI Quote Trading Interface QTI New only for OBM Partition 21 8 4 1 2 IMI ITCH Market Data Interface ccceeccecececceeeeeeeeeeceeeee cae eeeaaeseaeesaeeesaaeseeaaesgneeseaeessaeseeneeseaes 8 4 1 3 OTI OUCH Trading Interface 8 4 2 Capacity Trading Interface CT 9 4 3 Standard Trading Interface GT 9 KC Da NM irade idoni te NEE 9 4 4 Market Date Interface MIDI 9 4 4 1 Imp
8. MR4 the first of these last two bytes will be filled with the Channelld For details please refer to section 8 4 in the current MDI specification document For clients who have correctly ignored these last two bytes there is no impact to their MDI receivers 4 4 3 Value Added Data Message after End of Trading After end of trading value added information on the MDI interface will only be distributed for securities which had at least one trade on that day and for all securities with an SSX order book For details please refer to section 4 5 1 in the current MDI specification document 4 4 4 Decommissioning of Legacy URL links The legacy URL links to the server provided files accessible via SCAP will be decommissioned nine weeks after the SMR4 Production live date The valid URLs for server provided files are published in section 6 of the Market Data Interface specification see box below Further Reading on Market Data Interface Market Data Interface MDI Specification Version 1 16 public DW ess Maintenance Release Page 10 Release Notes for SMR4 Version 1 00 SSX SMR4 RELN 100 E Version 1 00 20 08 2013 4 5 Reference Data Interface RDI 4 5 1 Additional Attribute The following minor specification change will be introduced to the Reference Data Interface RDI e An additional attribute will be introduced to identify on which Partition a security is traded The RDI File TradedInstrument txt is extended with an additiona
9. Schedule The detailed plan for the Production migration will be published in due course public SWxXess Maintenance Release Page 18 Release Notes for SMR4 Version 1 00 SSX SMR4 RELN 100 E Version 1 00 20 08 2013 7 4 Connectivity Testing Checklist During Migration On the migration weekend after the SWXess trading platform upgrade has been completed the interfaces will be available for testing according to the schedule in section 7 3 as shown in the following table Interface Available via Status Recommended Testing Activities SCAP e Test SCAP network is up e Test VPN tunnel status is up e g ping 146 109 99 254 Co Location Access P01 e Test Co Location Access only network status is up STI SCAP e Test network connectivity e Test login CT SCAP e Test network connectivity e Test login MDI SCAP e Join MDI Channels e Test your set up and reception of messages RDI SCAP e Download RDI files e Process RDI files IMI SCAP and Co Location Access e Test network connectivity P01 only T e Test login e Test your set up and reception of messages OTI SCAP and Co Location Access e Test network connectivity P01 only Ss e Test login QTI SCAP and Co Location Access e Test network connectivity P01 only e Test login Please note that participants can login to the new interfaces IMI OTI and QTI on Partition 2 in Membertest M01 as of Tue 03 Sep 2013
10. als html https www six swiss exchange com member_section it downloads htm Status Date Subject Reference NEW FOR 20 08 2013 Release Notes for SWXess Maintenance Release 4 This document SMR4 Version 1 00 NEW FOR To be delivered SWXess Business Recovery Guide for Participants SMR4 SMR4 NEW FOR To be delivered Best Practice Guide for SWXess SMR4 Direct Trading Interfaces OTI QTI IMI NEW FOR 07 05 2013 Direct Trading Interfaces Specification OTI QTI IMI SSX DIR TRD SPEC 204 E SMR4 Version 2 04 Capacity Trading Interface CTI UNCHANGED 01 10 2010 Capacity Trading Interface CTI Specification Version SWX VCA SPEC CTI 510 E 5 10 UNCHANGED 10 12 2012 CTI Configuration Files for Unix and Linux see Member Section Downloads page UNCHANGED 10 12 2012 CTI Configuration Files for Windows see Member Section Downloads page UNCHANGED 19 11 2010 X stream Client SDK 5 9 0 see Member Section Downloads page UNCHANGED 27 06 2012 X stream Client SDK 7 4 49 see Member Section Downloads Standard Trading Interface STI UNCHANGED 30 10 2012 Standard Trading Interface STI Specification Orders SWX SPEC STI PRE 2 4 1 and Executions Version 2 4 1 UNCHANGED 18 12 2012 Standard Trading Interface STI Specification Post SWX SPEC STI POST 2 23 0 Trade Version 2 23 0 UNCHANGED 27 04 2012 Standard Trading Interface STI Specification Session SWX SPEC STI SES 2 2 0 Layer Version 2 2
11. ctivities and Transitional Periods 7 1 Overview The central SWXess infrastructure and all associated interfaces will be upgraded to SMR4 over a single migration weekend The SMR4 changes become active on the Monday after the migration weekend All order books will be migrated transparently by SIX Swiss Exchange No active orders will be deleted On Monday at the start of business day Execution Reports will be sent out for all active orders Participants ISVs and ASPs will need to upgrade their trading applications and other infrastructure on the migration weekend or within the transitional periods given below for each migration activity Interface Migration Activity Transitional Start End Period CTI OBM Partition 1 Migration Migrate to the OUCH Trading Interface OTI Weekend see rea t section 4 2 CEI Fede ee d Migrate to the new Quote Trading Interface QTI Modify MDI application to use improved recovery MDI mechanism see Modify MDI applications to use specified URL section 4 4 links to the server provided files Modify RDI application to use additional attribute Migration RDI Weekend see Modify RDI applications to use specified URL Today section 4 5 links to the reference data download files Connectivity Modify SCAP configuration to use the site specific Rendezvous Points see section 4 7 Move into Co Location TRR Modify applications to use the Participant Trade see Reconciliation Report
12. d six months after the SMR4 production live date e The FIX based Trade Reconciliation file will be decommissioned from the Member Section nine weeks after the SMR4 production live date Participants SCAP d MDI FIX FAST FIX 5 0 RDI File STI News STI FIX 4 4 STI Trade Reporting STI FIX 4 4 Internet OTI OUCH STI Confirmations STI FIX 4 4 STI Bilateral Trading STI FIX 4 4 IMI ITCH GLIMPSE STI Orders amp Executions STI FIX 4 4 Trade amp Transaction Reporting Web File GUI Participant Trade Reconciliation Report File Co Location Access i OBM Partition 2 Order amp S Market OEM E Ser i ETF Bond Execution Bana Data den Post Trade Processing S IS Structured Products Routing 9 Top Cum SIX Swiss Exchange public SWxXess Maintenance Release Release Notes for SMR4 Version 1 00 3 SMR4 Key Dates The following table shows the key dates of SMR4 as scheduled at this stage Page 7 SSX SMR4 RELN 100 E Version 1 00 20 08 2013 Date Mbtst Prod Activity Tue 20 08 2013 mi mi Details on the migration and specification updates delivered Fri 30 08 2013 M SMR4 Membertest Migration weekend Sat 31 08 2013 Mon 02 09 2013 M Start of SMR4 Membertest and first business day Tuesdays and M Background l
13. des all relevant information for SMR4 including functional and technical changes relevant documents and artefacts configuration changes migration plan and testing activities 1 2 Changes Since Last Version First Version 1 3 Definitions amp Abbreviations Term Abbreviation Explanation CTI Capacity Trading Interface FIX Financial Information eXchange Protocol FOPS STI FIX Orders per Second INET Name of NASDAQ OMX platform IMI ITCH Market Data Interface MOA Member Own Application MDI Market Data Interface OPS CTI Orders per Second OTI Orders per Second OTI OUCH Trading Interface RDI Reference Data Interface OBM On Book Matcher QPS CTI Quotes per Second QTI Quotes per Second QTI New Quote Trading Interface SCAP SIX Swiss Exchange Common Access Portal SMR SWXess Maintenance Release STI Standard Trading Interface SWXess Name of the SIX Swiss Exchange trading platform TRR Trade Reconciliation Reports public SWXess Maintenance Release Page 5 Release Notes for SMR4 Version 1 00 SSX SMR4 RELN 100 E Version 1 00 20 08 2013 1 4 Contacts If you have technical questions please do not hesitate to contact your Local Support Center Location Phone Fax E mail Geneva 41 58 399 5642 41 58 499 5643 Isg six group com London 44 20 7864 4364 44 20 7864 4333 IsI six group com Zurich 41 58 399 2400 41 58 499 2400 Isz six group com For business related questions
14. emain unchanged For bandwidth details please refer to Appendix A Bandwidth Requirements for SWXess in the Connectivity Guide see box below 4 10 3 Decommissioning of Legacy Rendezvous Point Participants still using the legacy MDI Rendezvous Point are requested to modify their SCAP router configuration accordingly to use a dedicated Rendezvous Points for each data center instead The legacy MDI Rendezvous Point will be decommissioned after a transition phase of six months after the SMR4 production live date The legacy configuration on a participant s SCAP router may look like this where 146 109 111 254 is the IP address of the legacy Rendezvous Point OLD single RP for both Datacenter A and Datacenter B ip host ews p 146 109 111 254 ip pim rp address 146 109 111 254 SWX IPMC GROUP A The required new configuration for SCAP routers with a line to Datacenter A looks like this where 146 109 111 252 is the IP address of the Rendezvous Point for Datacenter A NEW RP for Datacenter A ip host swx rp a 146 109 111 252 ip pim rp address 146 109 111 252 SWX IPMC GROUP A The required new configuration for SCAP routers with a line to Datacenter B looks like this where 146 109 111 253 is the IP address of the Rendezvous Point for Datacenter B NEW RP for Datacenter B ip bost swe tp b 146 109 111 253 ip pim rp address 146 109 111 253 SWX IPMC GROUP B Please also refer to SWXess Public Config for Rendezvous Point IP addresses Sta
15. ersion 1 00 20 08 2013 Further Reading on Direct Trading Interfaces Direct Trading Interfaces Specification OTI QTI IMI Version 2 04 4 2 Capacity Trading Interface CTI The industry standard OTI and QTI will replace the legacy Capacity Trading Interface CTI for proprietary trading and market making and will be decommissioned for both OBM partitions six months after the SMR4 production live date During this transition period CTI applications will continue to be supported 4 3 Standard Trading Interface STI No changes with SMR4 4 3 1 Trade Identification On the outbound STI Confirmation message MsgType Ak a trade based on a quote entered via new Quote Trading Interface QTI can be identified with e FIX tag 26558 BusinessTransactionT ype 5 Quote and e FIX tag 26559 EntrySource 6 OTI 4 4 Market Date Interface MDI 4 4 1 Improved Recovery Mechanism An improved recovery mechanism will be introduced for MDI users The new recovery mechanism will use a recovery protocol that is analogous to that of Mold UDP64 This change is optional so that users who do not wish to take advantage of the new recovery mechanism can continue to use their current MDI applications Refer to the MDI specification document for more details see box below 4 4 2 Channel Identifier in Multicast Packet Header With the pre SMR4 release the last two bytes of the Multicast packet header of every MDI packet could be ignored With S
16. es Simulated Exchange Saturday Sat 31 08 2013 until 11 00 SIX Swiss Upgrade of SWXess trading platform to SMR4 continues Simulated Exchange Sunday all day Participants Upgrade of MOAs continues approx SIX Swiss Confirmation published on the system status page in the 11 00 Exchange Member Section and by MSC Alert for subscribers that the upgrade has been completed SW Xess systems are running connectivity is possible however markets are closed and orders quotes will be rejected following Participants Check connectivity login and migration see sections 7 2 2 and confirmation 7 4 until 20 00 Sun 01 09 2013 All day SIX Swiss SWXess Systems are closed SCAP available Exchange Mon 02 09 2013 as from 06 00 Participants First trading day on SMR4 Usage of new interfaces IMI OTI and QTI on Partition 2 not yet possible Tue 03 09 2013 as from 06 00 Participants can login to the new interfaces 7 3 2 Information during Membertest Migration Weekend For the current status of the migration please visit the membertest status page in the Member Section at https www six swiss exchange com member_section system_ status test html igs If you wish to receive MSC Alerts by SMS or e mail regarding this migration please subscribe to priority 2 Medium alerts on the My Subscription page in the Member Section at https www six swiss exchange com member _section user_subscriptions html 7 3 3 Production Migration
17. https www six swiss exchange com member_section it manuals htm The contraFirmPartylD field is now populated not only for Reported Trades but also for on book trades without counterparty anonymity Further Reading on Participant Trade Reconciliation Report B MSC Message No 07 2013 B Participant Trade Reconciliation Report Specification Version 1 10 0 4 7 Trade and Transaction Reporting No changes with SMR4 4 8 Sponsored Access Service Several enhancements to the RiskXposure Graphical User Interface RX GUI and the FIX Drop Copy service will be implemented For the RX GUI these include the suppression of duplicate e mails to users and the ability to set e mail options for various events without simultaneously needing to edit specific public DW ess Maintenance Release Page 11 Release Notes for SMR4 Version 1 00 SSX SMR4 RELN 100 E Version 1 00 20 08 2013 limits All minor issues currently listed in the Sponsored Access FAQ Known Problems area of the Member Section will be corrected 4 9 Bilateral Trading Platform No changes with SMR4 4 10 Connectivity Changes 4 10 1 Co Location With the Co Location Service also available for OBM Partition 2 Participants with market making obligations should evaluate whether given their business modes it makes sense for them to go into co location and benefit from the lower latency 4 10 2 Bandwidth Requirements All connectivity options and bandwidth requirements will r
18. ing the following load distribution Time CET QPS Load OPS Load FOPS Load 18 00 to 20 00 6500 500 You are invited to participate and allowed to generate own transaction load up to your test capacity The SIX SIS link for Clearing and Settlement is not available during performance tests and background load tests 8 6 SWxXess Intraday Recovery Tests We have scheduled SWXess Intraday Recovery Tests on the dates given in the table below During these tests you have the possibility to verify the behaviour of your applications during a business recovery Date Time Remark Wed 18 09 2013 Wed 02 10 2013 14 00 to 17 00 CET Wed 16 10 2013 public
19. l column instrumentPartitionCode Note that this change is compliant with the specified flexibility for field changes as described section 2 2 of the RDI specification document see box below 4 5 2 Decommissioning of Legacy URL links The legacy URL links to the reference data download files in the Member Section and via SCAP will be decommissioned nine weeks after the SMR4 Production live date The URLs for reference data download valid today are published in section 4 2 of the current RDI specification document see box below Further Reading on Reference Data Interface Reference Data Interface RDI Specification Version 1 19 4 6 Participant Trade Reconciliation Report TRR 4 6 1 Decommissioning of FIX based Trade Reconciliation Files The FIX based Trade Reconciliation file currently available on the Member Section will be decommissioned nine weeks after the SMR4 Production live date It has been replaced with a newer improved human readable Participant Trade Reconciliation Report which was already introduced with SMR3 4 6 2 Enhancement of Participant Reconciliation Report The Participant Trade Reconciliation Report has been further enhanced and made available at regular time intervals during the trading day For the time intervals details please see the Overview Trade Reconciliation or the Best Practices Guide in the Member Section https www six swiss exchange com member_section trade_reconciliation overview html
20. ng quoting and market data will be made available for OBM Partition 2 via SCAP and Co Location Access For Market Makers a new Quote Trading Interface QTI will be introduced Price Takers can use OTI for order entry 4 1 1 QTI Quote Trading Interface QTI New only for OBM Partition 2 The Quote Trading Interface QTI will be the new interface for market makers based on the OUCH protocol It defines the business message protocol for quote management functionality allowing SIX Swiss Exchange market makers to enter replace and cancel quotes as well as receive status changes and executions trades for their quotes The capacity allocation model for the new QTI interface will be analogous to that of the Capacity Trading Interface CTI QTI and OTI use the SoupBinTCP network protocols to reliably exchange messages The table below shows the supported connectivity variants Interface Via SCAP Via Co Location Access QTI via SoupBinTCP Yes Yes OTI via SoupBinTCP Yes Yes IMI Yes Yes 4 1 2 IMI ITCH Market Data Interface The ITCH Market Data Interface IMI will be extended to include OBM Partition 2 ETFs Sponsored Funds Bonds Scoach Switzerland Structured Products and allow participants to receive not only market data from the Equity Partition but also from the Non Equity Partition Each OBM Partition has its own dedicated IMI hosts and users On top of that a new IMI Orderbook Snapshot Recovery Service GLIMPSE
21. oad tests see section 8 5 Thursdays 18 00 20 00 CET Sat 14 09 2013 M Performance Test from 10 00 to 16 00 CET see section 8 5 Wed 18 09 2013 M SWXess Intraday Recovery Test from 14 00 to 17 00 CET see section 8 6 October 2013 M E Publication of updated Directives Wed 02 10 2013 M SWXess Intraday Recovery Test from 14 00 to 17 00 CET see section 8 6 Sat 12 10 2013 M Performance Test from 10 00 to16 00 CET see section 8 5 Wed 16 10 2013 M SWXess Intraday Recovery Test from 14 00 to 17 00 CET see section 8 6 Sat 26 10 2013 M Performance Test from 10 00 to 16 00 CET see section 8 5 Sat 02 11 E SMR4 Production Migration weekend Sun 03 11 2013 Mon 04 11 2013 Ed SMR4 Production Live date Sat 23 11 E Contingency date for SMR4 Production Migration weekend only to be used Sun 24 11 2013 in case of unexpected events Mon 25 11 2013 E Contingency date for SMR4 Production Live date Nine weeks after M E Decommissioning of SC Production Live e MDI legacy URL links e RDI legacy URL links e FIX based Reconciliation file May 2014 M E Decommissioning of public e Capacity Trading Interface CTI e Legacy Rendezvous Point SWXess Maintenance Release Page 8 Release Notes for SMR4 Version 1 00 SSX SMR4 RELN 100 E Version 1 00 20 08 2013 4 Overview of SMR4 Changes This section gives an overview of the changes introduced with SMR4 4 1 Direct Trading Interfaces QTI IMI OTI The X stream INET direct low latency interfaces for tradi
22. roved Recovery Mechamnism nannaa 9 4 4 2 Channel Identifier in Multicast Packet Header 9 4 4 3 Value Added Data Message after End of Tradmg eeeccseeeeeeneeeeeeeeeeeeeeaeeeeeeaaeeeeeeaaeeeeeeaeeeeneaaes 9 4 4 4 Decommissioning of Legacy URL JINKS 00 2 eee eee cece eee eeeeeaeeeeeeaaeeeseeaaeeeeeeaaeeeeeeaaeeeseeaeeeenenaes 9 4 5 Reference Data Interface DUDI REENEN 10 E Mee te INTE 10 4 5 2 Decommissioning of Legacy URL Imks 00 eeeceeeeeeeeee eect ee eeeaeeeeeeaaeeeeeeaaeeeseeaaeeeeeeaaeeeeeenaeeeeneaaes 10 4 6 Participant Trade Reconciliation Report TH 10 4 6 1 Decommissioning of FlX based Trade Reconciliation FPles AA 10 4 6 2 Enhancement of Participant Reconciliation Heport 10 4 7 Trade and Transaction Heportmg nantin nantun nantun nastan nanten nant 10 4 8 Sponsored Access Service cceccceceeeceeneeeeeeeeceeeeeeaaeseneeceaeeeceaeeeeaaesgeeeeceaeeseaaesseaeesseeeessaeessaaeseeneeees 10 49 Bilateral LraGumgoRiettormt se Seege besse geed eSRER ai iadatesed eda EE ai ietind tisesusepehuds eee abies 11 4 10 Connectivity Changesiav 34 ince tii ads Sitin Sat Aa A aa daka aa aiaa 11 TEE ee ee EE 11 4 10 2 Bandwidth Requirement esne era iE A A A EET TEA A 11 public SWXess Maintenance Release Page 3 Release Notes for SMR4 Version 1 00 SSX SMR4 RELN 100 E Version 1 00 20 08 2013 4 10 3 Decommissioning of Legacy Rendezvous Pot 11 Sx NET 12 5 1 Deviation from Gpechflcatlon nenuntun nnnen nsen nsen nenn 12 6 Overview of
23. rting with SMR4 downloadable router configurations will include the dedicated Rendezvous Points Further Reading on Connectivity Connectivity Guide Version 18 00 public DW ess Maintenance Release Page 12 Release Notes for SMR4 Version 1 00 SSX SMR4 RELN 100 E Version 1 00 20 08 2013 5 Known Issues Known problems are published and tracked in the SIX Swiss Exchange Member Section at https www six swiss exchange com member_section it faq html 5 1 Deviation from Specification SWX_IC_68725 Quote Token is not mapped to FIX tag 11 ClOrdld In contrast to the QTI Quote Mapping Table in section 7 3 of the current Direct Trading Interfaces specification document the QTI Field Token will not be mapped to the FIX tag 11 ClOrdld of the outbound STI Confirmation message MsgType Ak by start of SMR4 Membertest phase Instead the FIX tag 11 contains UNDEFINED This issue affects QTI and STI and will be fixed during SMR4 Membertest phase public DW ess Maintenance Release Page 13 Release Notes for SMR4 Version 1 00 SSX SMR4 RELN 100 E Version 1 00 20 08 2013 6 Overview of Documents and Artefacts Please find below the updated lists of all technical documents and artefacts relevant to SMR4 New and changed items since MSC Message 30 2013 25 06 2013 are marked with an asterisk All items can be downloaded from the Member Section Manuals or Downloads pages at https www six swiss exchange com member_section it manu
24. rtunities 7 3 Migration Weekend The main activities during the migration weekend will be e Upgrade of trading platform to SMR4 e Update of MOAs by Members e Verification of connectivity and login by Members after upgrade see footnote in section 7 4 The following migration procedures are preliminary and subject to change For the final SMR4 Migration Procedures please refer to the MSC Messages for the Final Migration Confirmation During the platform migration SIX Swiss Exchange will inform participants about the current status via System Status in the Member Section see section 7 3 2 public SWxXess Maintenance Release Release Notes for SMR4 Version 1 00 7 3 1 Membertest Migration Schedule Page 17 SSX SMR4 RELN 100 E Version 1 00 20 08 2013 On Saturday and Sunday your Local Support Center will be available between 10 00 16 00 CET Date Time CET Who Activity Thu 29 08 2013 22 30 23 00 SIX Swiss Closing respectively closing auctions in the various segments Simulated EE Friday until 23 00 Participants Reporting of Off Order Book transactions and Trade Reversals possible 23 00 Participants End of Business Remain connected with your STI application until after you receive the logout message from the exchange about 23 15 CET 23 30 onwards SIX Swiss Upgrade of SWXess trading platform to SMR4 Exchange Fri 30 08 2013 all day SIX Swiss Upgrade of SWXess trading platform to SMR4 continu
25. s exchange com member_section download public Trading_Hours_Membertest pdf 8 4 On Book Trading Testing Services Preliminary Remark This service will become available with start of SMR4 Member Test Phase on 2 September 2013 For testing On Order Book functions there are two types of testing services available in the Membertest environment 1 OrderBook depth service 2 Automatic matching service Please find all details concerning testing services available on the Member Section https www six swiss exchange com member_section swxess_testing html public SWxXess Maintenance Release Page 20 Release Notes for SMR4 Version 1 00 SSX SMR4 RELN 100 E Version 1 00 20 08 2013 8 5 Performance Tests and Background Load Tests During the SMR4 Membertest phase SIX Swiss Exchange will hold performance tests on the Membertest infrastructure on the dates given in the table below Date Time Load Generated Sat 14 09 2013 Sat 12 10 2013 10 00 to 16 00 CET Sat 26 10 2013 You are invited to participate in these tests to verify your applications under high load You are allowed to generate limited transaction load No registration is required You are kindly requested to leave your MDI IMI clients running and connected during the performance test even if you do not participate in the test In addition SIX Swiss Exchange will hold background load tests each Tuesday and Thursday evening from 18 00 to 20 00 CET us
Download Pdf Manuals
Related Search