Slide 1: Integrated Trading and Clearing (ITaC) Project Forum
Integrated Trading and Clearing (ITaC) Project Forum 14 November 2018 1
Slide 2: Agenda
Agenda • MMDR10 Dress Rehearsal Results Feedback • High Level ITaC Timeline and Key Dates • ITaC Production Service Level Agreements (SLAs) • ETE Testing Cycle 8 • Risk Management Structure • Key Focus for next 6-8 weeks • Questions? 2
Slide 3: Dress Rehearsal Results Overall
Dress Rehearsal Results Overall • Minimum of 2 dress rehearsal pass for Trading and Live Market Data • All Trading Members for both EDM and FXM • All Clearing Members (for OBO) • All real-time Information Subscribers • All Trading and Clearing Members have tested current TraderIDs (except for 5 IDs)
Slide 4: Project ITaC Count Down
Project ITaC Count Down As at 14 Nov 2018 98 business days to go live on 8 April 2019
Slide 5: High Level ITaC Timeline
High Level ITaC Timeline NOV 2018 DEC 2018 JAN 19 FEB 19 MAR 19 APR 19 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 Go live bedding down Milestone 5/11 Go Live RTC, 8 Apr DRs
Slide 6: ITaC Key Dates
ITaC Key Dates Date Milestone 12 Nov – 3 Dec 2018 ETE Cycle 8 Scripted We are here 12 Nov – 21 Dec 2018 CM Downstream & Integration Testing 4 Dec – 21 Dec 2018 ETE Cycle 9 Scripted 24 Dec – 4 Jan 2019 Project Break 7 Jan – 12 Jan 2019 ETE environment refresh 14 Jan – 1 Mar 2019 JSE ETE environment a
Slide 7: ITaC Key Dates (cont.)
ITaC Key Dates (cont.) • Enablement Freeze Period • Any new/changed enablements between now and go-live must pass 2 dress rehearsals (9Feb/9Mar) • 9 Feb 2019 - Enablement change freeze start • 6 May 2019 - Enablement change freeze end (could be earlier if bedding down period smooth) • TraderID Freez
Slide 8: Daily Trading Lifecycle
Daily Trading Lifecycle Timeline of a trading day Publish Client Reference Data 20:30 - Files to IDP Application Publish Client Reference Start up Applications 18:30 - Processes Data Files to IDP Market Shutdown (Contingency) Close (Clients will Start up 06:15 - 06:30 - Trade Reporting Operational M
Slide 9: Clearing EOD Processes
Clearing EOD Processes EOD processes and indicative timings RTC RTC Clearing EOD Post-EOD SoD RTC VIS SoD SoD EOD Net Reference payment Data EDM, FXD (RTC) instructions updates, RTC Roll CM Bal CM Bal (all Transfers System Business 1 2 markets) and CAs Start Day 05h30 07h30 18h10-28 18h30 18h45 18h5
Slide 10: Non-Live Market Data SLA times
Non-Live Market Data SLA times • Client specific data files (ED.zip and CD.zip) can only be produced and made available in the evening once all the constituent data records have been successfully produced • There will be material changes to the upstream routines that produce the source input data –
Slide 11: End-To-End (ETE) Testing Cycle 8
End-To-End (ETE) Testing Cycle 8 12 Nov to 3 Dec 2018 Basic Events Scope Specific Events Scope Order Management JSE and User created intra day instruments Trade Execution - On Book & Off Book Month End – 30 November 2018 - No Trade Cancellations until 28 Nov Options Exercised & Abandoned EDM FCOs &
Slide 12: Risk Management Structure
Risk Management Structure NOTE: Clearing Members can only do On-Behalf-Of actions for Trading Members that have met the minimum readiness pass criteria TRADING TRADING TRADING TRADING MEMBER MEMBER MEMBER MEMBER 12
Slide 13: Key Focus for next 6-8 weeks
Key Focus for next 6-8 weeks Dress rehearsal results for 10 November Closeout on Decommissioning readiness testing activities for Asset Managers Settlement Month End testing with all Balancing Clients Clearing Members Clearing Member and End-To-End downstream Testing Cycle 9 integration testing End-
Slide 14: Questions?
Questions? Please refer all queries to the JSE Client Service Centre (CSC) CustomerSupport@jse.co.za +27 11 520 7777 14