Slide 1: ITaC Client Forum
ITaC Client Forum 23 May 2018 1
Slide 2: Agenda
Agenda • Dress rehearsal results • 26 May Optional Market Dress Rehearsal • Questions? 2
Slide 3: Overall Dress Rehearsal Results
Overall Dress Rehearsal Results • Average (not weighted) Trading Member results across both EDM and FXM – both technical and functional results 24 March 2018 Market Connectivity Market Native Trading Post Trade - Own Drop Copy EDM / FXM Login Login Login 81% 82% 73% 12 May 2018 Connectivity Native T
Slide 4: Overall Dress Rehearsal Results
Overall Dress Rehearsal Results • Average (not weighted) Trading Member results across both EDM and FXM – both technical and functional results 24 March 2018 ORDER MANAGEMENT Submit New Order - TIF Submit New Order Amend Order Cancel OOBD Order - Type DAY GTD MARKET Amended Cancelled Recovery 59% 8%
Slide 5: Overall Dress Rehearsal Results
Overall Dress Rehearsal Results • Average (not weighted) Trading Member results across both EDM and FXM – both technical and functional results 24 March 2018 TRADE MANAGEMENT On Book Off Book Trades - Off Book Trades - Cancellation OTBD Trades Dual-Sided Single-Sided AT NT NT On Book Off Book Recove
Slide 6: Overall Dress Rehearsal Results
Overall Dress Rehearsal Results • Average (not weighted) Trading Member results across both EDM and FXM – both technical and functional results 24 March 2018 INSTRUMENT MANAGEMENT Permissions Sessions/Status Instrument Creation Correct Market Correct Instrument Type Suspend/Halt No trading session F
Slide 7: Overall Dress Rehearsal Results
Overall Dress Rehearsal Results • Average Post-trade (deal management) results for Trading Members only • March and May results % Met is derived on this minimum set of criteria which will be revised for the next dress rehearsal 24-Mar 12-May Trade feed into RTC Receive Trades in RTC for all particip
Slide 8: Dress Rehearsal Results queries
Dress Rehearsal Results queries • Not all dress rehearsal checklists were completed correctly • We reviewed the Off Book match/cancel pending report and where there were pending transactions we gave the initiating member the benefit of the transaction • If I passed Trading but failed Post-Trade – do
Slide 9: Dress Rehearsal 26 May 2018
Dress Rehearsal 26 May 2018 • All clients that did not obtain a pass for the 12 May dress rehearsal will be mandated to test the applicable component – Members and Information subscribers • Dress rehearsal and schedule is as per 12 May 2018 Trading • Trading Reference Data Client CSV files are in th
Slide 10: Additional Testing
Additional Testing 26 May Optional Market Dress Rehearsal (OMDR) for those that are not mandated to test • Mandatory test for all clients that failed the 12 May dress rehearsal for either Trading or RTC or both • Client to notify via email if they will be participating in the optional dress rehearsa
Slide 11: ITaC Key Dates
ITaC Key Dates Date Milestone 26 May 2018 Optional Market Dress Rehearsal 1 Jun 2018 End of Non-Live Market Data (NLMD) user acceptance testing (extended from 20 April 2018 at the request of clients) 9 Jun 2018 Mandatory Market Dress Rehearsal TBC Final Mandatory Market Dress Rehearsal TBC Targeted
Slide 12: Questions?
Questions? Please refer all queries to the JSE Client Service Centre (CSC) CustomerSupport@jse.co.za +27 11 520 7777 12
Slide 13: Other questions
Other questions • We passed one market and not the other yet did not receive errors on functionality we failed on? Do we test even though we believe we passed? • If our software provider has not given us an updated code drop to resolve issues previously reported 12 May – do we still have to test as