Jse Limited · JSE:JSE
Jse — Corporate Update (August 2018)
26 slides from Jse's corporate update, Aug 8, 2018
Slide 1: Integrated Trading and Clearing (ITaC) Project Forum
Integrated Trading and Clearing (ITaC) Project Forum 8 August 2018 1
Slide 2: Agenda
Agenda • ITaC Key Dates • ITaC End-To-End Testing • ITaC Market Dress Rehearsal 18 August 2018 • High level objectives and approach • Participation requirements • Trading and Post-Trade Business functional test guides • Trading Member and Clearing Member trade reporting counterparty allocation • JSE
Slide 3: ITaC Key Dates
ITaC Key Dates Date Milestone 11 Jun – 22 Jun 2018 Clearing Member & Software Provider Testing in ETE environment 26 Jun 2018 Start of End to End Testing in ETE environment 26 Jun – 5 Jul 2018 ETE Testing – Cycle 1 Structured 9 Jul – 13 Jul 2018 Prep for MMDR; data clean up and full position take on
Slide 4: ITaC Agreements – Now DUE!
ITaC Agreements – Now DUE! • JSE Services Agreement (JSA) • Signed JSA is required to access all production and test services including the End-To-End environment • JSA should have been signed by Friday, 27 July 2018 which was prior to the start of Scripted End-To-End testing on Monday, 30 July 2018
Slide 5: Agenda
Agenda • ITaC Key Dates • ITaC End-To-End Testing • ITaC Market Dress Rehearsal 18 Aug 2018 • High level objectives and approach • Participation requirements • Trading and Post-Trade Business functional test guides • Trading Member and Clearing Member trade reporting counterparty allocation • JSE me
Slide 6: End-To-End Testing update
End-To-End Testing update • ETE Cycle 3 ends on 10 August 2018 • Testing is progressing – more active participation required from trading members • Has assisted in identifying key issues • ETE Cycle 4 commences 20 August 2018 immediately following the dress rehearsal • Specific business events testi
Slide 7: End-To-End (ETE) Testing - Cycle 4
End-To-End (ETE) Testing - Cycle 4 Start Date: 20 August 2018 End Date: 4 September 2018 Basic Events Scope Specific Events Scope Order Management Users to create intra day instruments Trade Execution - On Book & Off Book Month End – 31 August 2018 Options Exercised & Abandoned EDM Multiple FCOs – 2
Slide 8: End-To-End (ETE) Testing - Cycle 5
End-To-End (ETE) Testing - Cycle 5 Start Date: 17 September 2018 End Date: 1 October 2018 Basic Events Scope Specific Events Scope Order Management Users to create intra day instruments Trade Execution - On Book & Off Book Month End – 30 September 2018 Options Exercised & Abandoned EDM Multiple FCOs
Slide 9: Agenda
Agenda • ITaC Key Dates • ITaC End-To-End Testing • ITaC Market Dress Rehearsal 18 Aug 2018 • High level objectives and approach • Participation requirements • Trading and Post-Trade Business Functional test guides • Trading Member and Clearing Member trade reporting counterparty allocation • JSE me
Slide 10: High Level Dress Rehearsals Objectives
High Level Dress Rehearsals Objectives • Key objectives of the end to end dress rehearsal is to:- • Test the flow of solutions to verify they perform as designed from start to finish • Test and confirm that your chosen front end meets your business requirements • Identify all system dependencies and
Slide 11: Participation in Dress Rehearsal – 18 Aug 2018
Participation in Dress Rehearsal – 18 Aug 2018 • This dress rehearsal is Mandatory for all clients: • All Clearing Members • All Equity Derivatives and Currency Derivatives Trading Members • All Live Information subscribers with direct connectivity to the JSE (for ITaC EDM and FXM services) • All so
Slide 12: Dress Rehearsals Scope 18 Aug 2018
Dress Rehearsals Scope 18 Aug 2018 • Simulate a normal production business day • Live Information Subscribers • Subscriber to real-time multicast data • Login to perform recovery via the Replay and Recovery Gateways • Verify the new Symbol Directory message for the user created instruments change •
Slide 13: Dress Rehearsals Scope
Dress Rehearsals Scope • Trading and Post-trade checklists are now far more meaningful • Minor revisions applied • Use to guide your testing Trading Business Functional Test Guide Post-trade Checklist Must be completed and returned to the JSE by Trading DO NOT need to be completed & returned to the
Slide 14: Dress Rehearsals Scope
Dress Rehearsals Scope • Remember to confirm what business functionality is not applicable to your firm • Dress rehearsal results are generated by the JSE based on transaction data in JSE systems • Business functionality not applicable to your business and as provided to the JSE for the May/July dre
Slide 15: Measuring Success of Dress Rehearsals
Measuring Success of Dress Rehearsals • What the JSE measures – input/suggestions welcome Trading Connectivity and authentication Market Data Order management & On Book trading Connectivity and authentication Off Book Trade Reports (incl OBO) Successfully receive and process real-time multicast data
Slide 16: Measuring Success of Dress Rehearsals
Measuring Success of Dress Rehearsals • Technical Pass / Fail criteria will be the same as for 14 July 2018: • Trading Members: • Login to all Native Trading, Post-Trade and Drop Copy GWs • Own Order Book Download (OOBD) • Own Trade Book Download (OTBD) • Live Market Data subscribers • Receive multi
Slide 17: Dress Rehearsal Testing
Dress Rehearsal Testing • Please ensure you have appropriate business representatives on site to test all TRADER IDs and signoff functionality and verify correct authorisation in JSE systems and your software Front -ends • JSE production and pre-production environments will be available 2 days prior
Slide 18: Dress Rehearsal 18 August - Preparations
Dress Rehearsal 18 August - Preparations TAKE NOTE! • Reference Data • For all Trading, Market Data and RTC enablements as at COB 10 August 2018 • For production instrument reference data as at 10 August 2018 with changes applied from production for 13-15 August 2018 • For full position take-on as a
Slide 19: Dress Rehearsal Testing
Dress Rehearsal Testing • Ensure clear issue logging procedure for your team • Ensure you have the support helpdesk contact details of your software provider for support during the dress rehearsals and log all software issues with them • First line JSE support is the Client Service Centre (CSC) - lo
Slide 20: Dress Rehearsal Schedule – 18 August 2018
Dress Rehearsal Schedule – 18 August 2018 • Technical Teams • 6h30 – 13h00 - technical teams be on site 6h30 – 7h00 • 12h00 – 13h00 – Technical Gateway failover testing for trading and post-trade with software providers and own solution developers • Business Users • 08h30 – 12h00 – Business users on
Slide 21: Dress Rehearsal Tracking
Dress Rehearsal Tracking • Each JSE client has a dedicated JSE user readiness contact (“buddy”) – don’t know who your buddy is? Send an email to ITaC@jse.co.za • Your JSE “buddy” will contact your nominated key ITaC contact person (primary/responsible officers) to exchange contact details (by Friday
Slide 22: Trade Reporting counterparty allocation
Trade Reporting counterparty allocation • As indicated in the Trading test guide each Trading Member and each Clearing Member will be allocated two trade reporting counterparties for the 18 August dress rehearsal – minor revisions in progress at the request of clients • The intention is that clients
Slide 23: Dress Rehearsal Results Criteria – 18 Aug 2018
Dress Rehearsal Results Criteria – 18 Aug 2018 Connectivity PASS Market Connectivity RATE Native Trading Post Trade - Own Post Trade - OBO Drop Copy % EDM/ Login All Login Login both Login Login both Login Login both Login FXM 3 GWs GWs GWs GWs Trading – Order Management Order Order Submit New Order
Slide 24: Agenda
Agenda • ITaC Key Dates • ITaC Market Dress Rehearsal 18 Aug 2018 • High level objectives and approach • Participation requirements • Trading and Post-Trade Business functional test guides • Trading Member and Clearing Member trade reporting counterparty allocation • JSE measurement criteria • Gener
Slide 25: User Readiness report
User Readiness report Remember that your August User readiness reports are due on Friday, 10 August 2018 • 21 Questions • Complete “Yes” or “No” responses in the spreadsheet for every question and return to your JSE buddy • Should you not complete and submit these reports, we will annotate your firm
Slide 26: Questions?
Questions? Please refer all queries to the JSE Client Service Centre (CSC) CustomerSupport@jse.co.za +27 11 520 7777 26