JSE Limited · JSE:JSE
JSE — Corporate Update (December 2024)
11 slides from JSE's corporate update, December 2024
Slide 1: Nutron Repo Project Summary
Nutron Repo Project Summary Dec 2024 Let’s Connect
Slide 2: Agenda
Agenda • Project objective • Trading process flow change • Impact to API • Testing requirements • Milestones 2
Slide 3: Repo Project Objective
Repo Project The purpose of this project is to manage the delivery and deployment of the reformed Repo Reporting requirements which will cater for the globally used Classic Repurchase Agreements, on the Nutron front- Project end and API. The new functionality will enable Repurchase Objective Agreeme
Slide 4: Trade reporting process flow change
Trade reporting process flow change Current Nutron functionality - Buy-sell/backs • No changes to current Cash Bonds & Buy-Sell/back (BSB) functionality • BSB still follows the same process where both parties submit trades and trades match on Nutron Classics and Triparty - New trade process flow • C
Slide 5: Master trade flow member to member
Master trade flow member to member Book Master trade Member A (Specify trade type) Trade accepted & system Settlement Legs creates Master trade generated Member B Accept/Edit/Reject trade Client trades auto-accepted Send settlement legs to CSD Strate & route to CSDP CSDP CSDP receives Settlement Leg
Slide 6: Impacts - API
Impacts - API Updates to be made to Nutron and API Current Production API will have no changes to existing functionality • cash bonds and • buy-sell back (repo) transactions New API includes the addition of 28 NEW API messages for: • Classic repo and • Triparty transactions API released; • Software
Slide 7: Nutron and API will be UPDATED
Nutron and API will be UPDATED 1. Connect to Nutron Front End 2. Connect via API – using new functionality • Download new version of Nutron • Must development to new API • Regression testing – current BAU (Bonds, • Conformance testing Repos, IRD) • Functional testing • Regression testing – current B
Slide 8: Nutron API – Changes required
Nutron API – Changes required API Concern raised : • Integration/middle software layers who act as booking intermediaries for client frontends have highlighted challenges with the new API messages. • Intensive Matching logic will need to be built on the middle layer software to facilitate the bookin
Slide 9: Testing Requirements for Members
Testing Requirements for Members Classic Repo and Triparty Repo users • Comprehensive testing of new added functionality as well as regression testing of day-to-day BAU activities All other Bond and IRD Members • Regression testing of day-to-day BAU activities Clearing Members • Regression testing o
Slide 10: Indicative Milestones
Indicative Milestones • API specifications to be issued Mid July 2024 • API software providers & developers dev Mid July - Mid Oct 2024 • SYT with Strate Mid Sept - end Oct 2024 • Internal Integration Testing Mid Nov - early Jan 2025 WIP • SWP conformance testing Mid Nov - early Jan 2025 • Acceptanc
Slide 11: Questions
Questions 11 11