Slide 1: Integrated Trading and Clearing (ITaC) Client Forum
Integrated Trading and Clearing (ITaC) Client Forum 23 January 2019 1
Slide 2: Agenda
Agenda • ITaC High Level Timeline and Key Dates • 9 February Mandatory Market Dress Rehearsal • Decommissioning Testing • Conceptual Training • Client Forum Focus Sessions • Questions 2
Slide 3: Project ITaC Count Down
Project ITaC Count Down As at 23 Jan 2019 52 business days to Go Live on 8 April 2019
Slide 4: High Level ITaC Timeline
High Level ITaC Timeline NOV 2018 DEC 2018 JAN 2019 FEB 2019 MAR 2019 APR 2019 5- 12 - 19- 26- 3- 10- 17- 24- 31- 7- 14- 21- 28- 4- 11- 18- 25- 4- 11- 18- 25- 1- 15- 22- 29- 8-12 9 16 23 30 7 14 21 28 4 11 18 25 1 8 15 22 1 8 15 22 29 5 19 26 3 Key Milestone Go live bedding down 5/11 Go Live RTC, DR
Slide 5: ITaC Key Dates
ITaC Key Dates Date Milestone 14 Jan – 1 Feb 2019 ETE Final Testing Cycle - Scripted 4 – 8 Feb 2019 Dress Rehearsal Prep (ETE not available) 9 Feb 2019 Mandatory Market Dress Rehearsal As agreed by the ITaC Market Steering Committee. 9 Feb 2019 Enablement change freeze start (requests for changes to
Slide 6: ITaC Key Dates (cont.)
ITaC Key Dates (cont.) Enablement Freeze Period • All enablement requests must be submitted to the JSE by COB 29 Jan 2019 and CEIFs signed off by 1 Feb 2019 This therefore means that firms cannot change software providers or enablements post 29 Jan 2019 • Any new/changed enablements between now and
Slide 7: ITaC Key Dates (cont.)
ITaC Key Dates (cont.) TraderID Freeze Period • Any new Trader ID must be tested in at least one dress rehearsal (9 Feb or 9 Mar) • 1 Mar 2019 – TraderID freeze start • 15 Apr 2019 – TraderID freeze end Go Live Bedding Down Period • 8 Apr – 3 May 2019 7
Slide 8: Agenda
Agenda • ITaC High Level Timeline and Key Dates • 9 February Mandatory Market Dress Rehearsal • Decommissioning Testing • Conceptual Training • Client Forum Focus Sessions • Questions 8
Slide 9: Dress Rehearsal Participation Requirements
Dress Rehearsal Participation Requirements • 9 February 2019 Dress Rehearsal - Equity Derivative and Currency Derivatives markets • Mandatory for: • Trading Members - All Traders (testing should not be conducted by the IT teams or software providers) • Clearing Members - include operations staff (te
Slide 10: Market Dress Rehearsal – 9 February 2019
Market Dress Rehearsal – 9 February 2019 • The key objective of the ITaC dress rehearsal is to simulate as closely as possible a live production business day in the production environments of the ITaC solutions • The 9 February and 9 March 2019 dress rehearsals are for clients to: • Test your final
Slide 11: Amended Enablements – 9 February 2019
Amended Enablements – 9 February 2019 • The JSE is aware of a few clients who are testing amended enablements - can only do so subject to them meeting the 29 Jan 2019 cut-off for requests (order forms) and signed CEIFs being received by the JSE no later than 1 Feb 2019 • These changed enablements wi
Slide 12: Market Dress Rehearsal – 9 February 2019
Market Dress Rehearsal – 9 February 2019 • Passwords • Trading, Market Data and Real-Time Clearing Gateway passwords will be as at close of business 1 Feb 2019 • Trader IDs • Compliance Officers are required to ensure that participation by trading members must include all traders (testing should not
Slide 13: Market Dress Rehearsal – 9 February 2019
Market Dress Rehearsal – 9 February 2019 • Equity Derivatives and Currency Derivatives High Level Test Schedule Date Time Description To Action Go live Dry Run - Preparation, Batch Runs and Data Take-on 04 – 08 Feb 2018 All day JSE Go live dry run preparation activities JSE Trading and Real-Time Cle
Slide 14: Market Dress Rehearsal – 9 February 2019
Market Dress Rehearsal – 9 February 2019 • Equity Derivatives and Currency Derivatives High Level Test Schedule Date Time Description To Action Dress Rehearsal Activities CMs, TMs to commence trade reporting and Deal Mgmt 12:00 – 14:00 Off Book Trade Reporting Period (EDM, FXM) Information subscribe
Slide 15: Market Dress Rehearsal – Key objectives for Trading Members
Market Dress Rehearsal – 9 February 2019 Key objectives for Trading Members • Trading Members to Verify Trading Member and Client Positions in ITaC solutions • Verify all Nutron position data (as at close of business on Friday, 8 February 2019) has been correctly converted into ITaC on 9 Feb 2019 •
Slide 16: Market Dress Rehearsal – Key objectives for Clearing Members
Market Dress Rehearsal – 9 February 2019 Key objectives for Clearing Members • JSE Data Take-on Process • Post the production Nutron EOD batch on Friday evening, 8 February 2019 the JSE will commence the data take-on process to convert/carry over all Nutron data (contracts, member and client account
Slide 17: Market Dress Rehearsal – Key objectives for Information Subscribers
Market Dress Rehearsal – 9 Feb 2019 Key objectives for Information Subscribers • JSE Data Take-on Process • Post the production Nutron EOD batch on Friday evening 8 February 2019 the JSE will commence the data take-on process to convert/carry over all Nuclears market data (contracts and closing pric
Slide 18: Agenda
Agenda • ITaC High Level Timeline and Key Dates • 9 February Mandatory Market Dress Rehearsal • Decommissioning Testing • Conceptual Training • Client Forum Focus Sessions • Questions 18
Slide 19: ITaC EDM & FXM Decommissioning
ITaC EDM & FXM Decommissioning CURRENT From 8 Apr 2019 Equity, Interest Rate Equity Market, Interest Rate Markets Markets, Currency & Equity Derivatives, & Commodity Equity Market Commodity Derivatives Currency Derivatives Market Markets Derivatives Member A Member B Member C Member D Member E Membe
Slide 20: Decommissioning Testing – Overview
Decommissioning Testing – Overview • Equity Derivatives and Currency Derivatives markets will be migrated from the Nutron trading platform onto the new Integrated Trading and Clearing (ITaC) technology. These markets will no longer be accessible on Nutron post ITaC go live on 8 April 2019 • In order
Slide 21: Decommissioning Testing – Trading Members
Decommissioning Testing – Trading Members Decommissioning Test Dates for trading members and Final End to End Testing Cycle: 28 January 2019 to 1 February 2019 information subscribers Is this testing optional or All trading members and information subscribers are strongly encouraged to mandatory? pa
Slide 22: Decommissioning Testing – Trading Members (cont.)
Decommissioning Testing – Trading Members (cont.) Connectivity details for the IRC (Interest Rate Derivatives, Currency Derivatives and Spot Bond Markets) in the ITaC decommissioning environment: Trading Members: IP Address & Port: Please request the IP address from JSE CSC The same member code
Slide 23: Decommissioning Testing – Clearing Members
Decommissioning Testing – Clearing Members Decommissioning environment JSE will be restoring production data as at End of Day on 22 January 2019 prep between 23 and 24 January 2019 Clearing Members to restore their GCMS test environment interfacing to the What do Clearing Members need End to End env
Slide 24: Decommissioning Testing – Market Data Subscribers
Decommissioning Testing – Market Data Subscribers • Live Data Subscribers • Live Interest Rate and Commodities test data feeds are available • Data is as per test data being created in test environment so no correlation to production data For live clients • Contact JSE Client Service Centre (CSC) if
Slide 25: Agenda
Agenda • ITaC High Level Timeline and Key Dates • 9 February Mandatory Market Dress Rehearsal • Decommissioning Testing • Conceptual Training • Client Forum Focus Sessions • Questions 25
Slide 26: Final Conceptual Training Sessions
Final Conceptual Training Sessions • As part of the Market Readiness for the implementation of ITaC, the JSE will facilitate a final round of conceptual training sessions • These will be a repeat of the sessions conducted in September 2018 • Training will be open to all clients that wish to gain a b
Slide 27: Agenda
Agenda • ITaC High Level Timeline and Key Dates • 9 February Mandatory Market Dress Rehearsal • Decommissioning Testing • Conceptual Training • Client Forum Sessions – Draft Agendas • Questions 27
Slide 28: Client Forum Sessions – Draft Agendas
Client Forum Sessions – Draft Agendas Date Session Topics for Discussion 6 February 2019 • ITaC – Reminder of Key Changes • 9 Feb Dress Rehearsal update • ETE environment availability 11 Feb – 1 Mar 2019 20 February 2019 • 9 March Dress Rehearsal briefing 6 March 2019 • 9 March Dress Rehearsal updat
Slide 29: Questions?
Questions? Please refer all queries to the JSE Client Service Centre (CSC) CustomerSupport@jse.co.za +27 11 520 7777 29