Slide 1: Integrated Trading and Clearing (ITaC) Project Forum
Integrated Trading and Clearing (ITaC) Project Forum 19 September 2018 1
Slide 2: Agenda
Agenda • ITaC Key Dates • ITaC Market Dress Rehearsal 15 September 2018 • Observations and lessons learnt (functional and technical) • End-To-End (ETE) Testing • ETE Cycle 5 business specific scenario testing • Questions? 2
Slide 3: ITaC Key Dates
ITaC Key Dates Date Milestone 20 Aug – 3 Sep 2018 ETE Testing – Cycle 4 Scripted 4 Sep - 7 Sep 2018 ETE focused Test 10 Sep – 14 Sep 2018 MMDR 8 Prep PLEASE NOTE: Mandatory for all clients for 15 Sep 2018 Go-Live Ready Dress Rehearsal – mandatory for all clients ALL ITAC MARKETS 17 Sep – 1 Oct 2018
Slide 4: ITaC Key Dates
ITaC Key Dates • 3 Oct 2018 • ITaC Market Steering Committee decision on 12 November go-live • 6 Oct 2018 • Go-Live Dry Run – JSE, Clearing Members, Clearing SWP (Other SWPs –TBC) • Optional Dress Rehearsal however will be mandatory for those Trading Members that still need to pass a remaining MMDR
Slide 5: Agenda
Agenda • ITaC Key Dates • ITaC Market Dress Rehearsal 15 September 2018 • Observations and Lessons learnt (functional and technical) • End-To-End (ETE) Testing • ETE Cycle 5 business specific scenario testing • General • Monthly User Readiness report timeline for September • Questions? 5
Slide 6: Key Observations – Trading topics for discussion
Key Observations – Trading topics for discussion • Market Orders (MO) - disabling Market Orders and SWP “workarounds” • Allows a user to get into and out of a moving market quickly and with confidence • During regular trading, a market order to buy (sell) executes with the sell (buy) side of the ord
Slide 7: Key Observations – Trading topics for discussion
Key Observations – Trading topics for discussion • Failover of the trading and market data gateways • Short summary of failover process and questions from SWPs as to how their failover worked • Errors raised on Order and Trade rejections during the dress rehearsals • Follow up on issues still occurr
Slide 8: Key Observations – Trading topics for discussion
Key Observations – Trading topics for discussion • Failover of the trading and market data gateways • Short summary of failover process and questions from SWPs as to how their failover worked • Errors raised on Order and Trade rejections during the dress rehearsals • Follow up on issues still occurr
Slide 9: Key Observations – Clearing Topics for discussion
Key Observations – Clearing Topics for discussion • Client maintenance – loading of a foreign / non-resident client • JSE will now pre-load a member cash account for all members firms who do not currently have a cash account loaded to allow all members to add foreign clients • JSE observed that the
Slide 10: Optional Market Dress Rehearsal – 6 Oct 2018
Optional Market Dress Rehearsal – 6 Oct 2018 • Key objectives of the Go-Live Dry Run for the Equity Derivatives and Currency Derivatives Markets • Practice the go live cut-over activities and timings as they will occur on the weekend of go live i.e. the position take-on process will only start on Fr
Slide 11: Agenda
Agenda • ITaC Key Dates • ITaC Market Dress Rehearsal 15 September 2018 • Observations and Lessons learnt (functional and technical) • End-To-End (ETE) Testing • ETE Cycle 5 business specific scenario testing • General • Monthly User Readiness report timeline for September • Questions? 11
Slide 12: 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 13: End-To-End (ETE) Testing - Cycle 5
End-To-End (ETE) Testing - Cycle 5 End-To-End Testing Cycle 5 Business Specific Events Date 17-Sep-18 18-Sep-18 19-Sep-18 20-Sep-18 21-Sep-18 22-Sep-18 23-Sep-18 FCO / Expiries FX Expiry EDM FCO JSE User Created Corporate Actions CM-104 (LDT) CM-104 (Ex) Default Management CM-569 EOD Exceptions (T+1
Slide 14: End-To-End (ETE) Testing - Cycle 5
End-To-End (ETE) Testing - Cycle 5 End-To-End Testing Cycle 5 Business Specific Events Date 24-Sep-18 25-Sep-18 26-Sep-18 27-Sep-18 28-Sep-18 29-Sep 30-Sep 01-Oct FCO / Expiries FX Expiry EDM FCO All JSE JSE User Created initiated scenarios CM-624 (LDT) CM-624 (Ex) Corporate Actions RD-16 (Ex) RD-16
Slide 15: Questions?
Questions? Please refer all queries to the JSE Client Service Centre (CSC) CustomerSupport@jse.co.za +27 11 520 7777 15