Slide 1: Integrated Trading and Clearing (ITaC) Client Forum
Integrated Trading and Clearing (ITaC) Client Forum 25 April 2019 1
Slide 2: Agenda
Agenda • ITaC High Level Timeline and Key Dates • Early Deployment Support Model Update • Go live cutover, Deployment & Support • High Level Business Continuity Scenario Planning • Client Forum Topics • Questions 2
Slide 3: Project ITaC Count Down
Project ITaC Count Down As at 25 April 2019 2 business days to Go Live on 29 April 2019
Slide 4: High Level ITaC Timeline
High Level ITaC Timeline V 2018 DEC 2018 JAN 2019 FEB 2019 MAR 2019 APR 2019 MAY 2019 19- 26- 3- 10- 17- 24- 31- 7- 14- 21- 28- 4- 11- 18- 25- 4- 11- 18- 25- 1- 8- 15- 22- 29- 6- 13- 20- 27- 23 30 7 14 21 28 4 11 18 25 1 8 15 22 1 8 15 22 29 5 12 19 26 3 10 17 24 31 Go live bedding Go Live down RTC,
Slide 5: ITaC Key Dates
ITaC Key Dates Date Milestone 24 Apr 2019 Market Notice issued on JSE rule changes approved by FSCA 18 Mar – 18 Apr 2019 ETE Staging test environment available to clients 25 Mar – 26 Apr 2019 RTC in production available to clients extended to 26 Apr Reference Data Live External Production Daily Run
Slide 6: Key Dates – Freeze Period Reminder
Key Dates – Freeze Period Reminder Trader ID Freeze Period • 6 May 2019 – TraderID freeze end Go Live Bedding Down Period • 29 Apr – 17 May 2019 6
Slide 7: Agenda
Agenda • ITaC High Level Timeline and Key Dates • Early Deployment Support Model Update • Go live cutover, Deployment & Support • High Level Business Continuity Scenario Planning • Client Forum Topics • Questions 7
Slide 8: 26 April to 29 April – ITaC Go Live
26 April to 29 April – ITaC Go Live When • Activities pertaining to Go live commence on 26 April and will largely be completed on 27 April, with some completing during batch run on 29 April • All JSE markets closing earlier on 26 April 2019 (except Bond ETP) What • Positions and collateral balances
Slide 9: Early Market Close Timing - Reminder (Equity Market)
Early Market Close Timing - Reminder Equity Market Name Start Time End Time Segment Closing Auction Call Session 14:50 15:00 ZA01, ZA02, ZA03, ZA06, ZA11 Closing Auction Call Session 15:00 15:10 ZA12 Closing Price Publication Session 14:49 14:50 ZA04 Closing Price Publication Session 15:00 15:05 ZA0
Slide 10: Early Market Close Timing - Reminder (Derivatives)
Early Market Close Timing - Reminder Equity Derivatives Session Times Mark to Market 15:00 – 15:05 Market Close 15:30 Administration Period (trade reporting and deal management) 15:30 – 16:30 Market Offline (only file downloads allowed) 16:30 – 18:30 Commodity Derivatives (Grain products unchanged)
Slide 11: Early Market Close Timing - Reminder (Global Market)
Early Market Close Timing - Reminder Global Market Products Open order period 08:50 - 08:59 Mark to Market Valuation at 15:00 and release at 15:20 (no early valuations) Market Close 15:00 Administration Period (trade reporting and 15:00 - 15:15 deal management) Market Offline (only file downloads al
Slide 12: Early Market Close Timing - Reminder (Interest Rates)
Early Market Close Timing - Reminder Interest Rate Derivatives Administration Period 08:00 - 09:00 Market Open 09:00 Continuous Trading and Trade Reporting 09:00 - 15:00 Market Close 15:00 Mark to Market Valuation at 15:00 and release at 15:30 (no early valuations) Administration Period (trade repor
Slide 13: Overall Go-live Weekend - 26 to 29 April 2019
Overall Go-live Weekend - 26 to 29 April 2019 Thurs Fri Sat Sun Mon 25 26 27 Cut-over continues… 28 29 ~6am publish FINAL CSV files, 06h00 Technical support mapping spreadsheet and EDM All Markets Trading Schedules & FXM Friday EOD Closing Price on site: adjusted spreadsheet TMs, CMs, SWPs, SIPs & I
Slide 14: Trading Member Activities - 26 to 29 April 2019
Trading Member Activities - 26 to 29 April 2019 Thurs Fri Sat Sun Mon 25 26 27 JSE Cut-over continues… 28 29 ~6am publish FINAL CSV files, All Markets Trading Schedules mapping spreadsheet and EDM adjusted & FXM Friday EOD Closing Price Latest 06h00 Technical spreadsheet support on site. ~15h00 Noti
Slide 15: Trading Member Activities - 26 to 29 April 2019
Trading Member Activities - 26 to 29 April 2019 • Additional reminders for Trading Members: • Friday - 26 April 2019 • 16h30 – 18h30: download all Nutron Positions and client/sub accounts if required for verification on Saturday • Note any hold over orders that may need to be resubmitted on Monday i
Slide 16: Clearing Member Activities - 26 to 29 April 2019
Clearing Member Activities - 26 to 29 April 2019 Thurs Fri Sat Sun Mon 25 26 27 Cut-over continues… ~6am publish FINAL CSV files, 28 29 All Markets Trading Schedules mapping spreadsheet and EDM 06h00 Technical support adjusted & FXM Friday EOD Closing Price on site spreadsheet ~15h00 Notice on Go/No
Slide 17: Member Data Verification Sign-off
Member Data Verification Sign-off NB!! 27 Apr 2019 • On Saturday 27 April, Trading and Clearing Members must provide sign-off on the account, opening positions and collateral (margin) balances take-on performed by the JSE as part of the final ITaC go live weekend activities • This form needs to be s
Slide 18: Trading and Clearing Member Sign-off
Trading and Clearing Member Sign-off NAME OF TRADING / CLEARING MEMBER: NAME OF AUTHORISED REPRESENTATIVE: DESIGNATION OF REPRESENTATIVE: DATE: / / 2019 Click here SIGNATURE: to download DATA TO BE COMMENTS (IF Signoff sheet VERIFICATION BY DESCRIPTION VERIFIED VERIFIED NECESSARY) Cash Collateral Cl
Slide 19: Live Information Subscriber Activities - 26 to 29 April 2019
Live Information Subscriber Activities - 26 to 29 April 2019 Thurs Fri Sat Sun Mon 25 26 27 JSE Cut-over continues… 28 29 ~6am publish FINAL CSV files, All Markets Trading Schedules mapping spreadsheet and EDM adjusted & FXM Friday EOD Closing Price Latest 06h00 Technical spreadsheet support on site
Slide 20: Non-Live Information Subscriber Checklist
Non-Live Information Subscriber Checklist • Non-Live Information Subscribers • Verify reference data (as at close of business on Friday, 26 April 2019) has been correctly converted into ITaC - this verification should include Contract Codes • Final data record subscriptions are now in place • Final
Slide 21: Summary Production Service Schedule
Summary Production Service Schedule Start Of Trading Opening Auction Call Continuous Trading Post Close EDM 07:00 - 08:15 08:15 - 08:30 08:30 - 17:30 17:30 - 18:30 FXM 07:00 - 09:00 09:00 - 17:00 17:00 - 18:30 EDM Trade Reporting 08:00 – 18:30 FXM Trade Reporting 08:00 – 18:30 Note: ITaC SLA’s post
Slide 22: Go live Reminders
Go live Reminders MONITOR GO LIVE STATUS: Communication updates via this link and key updates via SMS • https://www.jse.co.za/services/technologies/market-communications ALL DOCUMENTATION: Available on the ITaC webpage • https://www.jse.co.za/services/itac#OtherDocumentation • Data verification sign
Slide 23: Go Live Reminders
Go Live Reminders COMMS OVER GO LIVE WEEKEND • Friday 26 April 2019 • Approx 07h00 – reminder of all markets (except Bond ETP) closing earlier on 26 April 2019 • Approx 15h00 - communication of the JSE EXCO Go Live Decision • Saturday 27 April 2019 • Confirmation of the publication of the final CSV
Slide 24: First Line Support
First Line Support Client Front-end SIP / SWP YES Log call with connectivity or Investigate your SIP / SW functional issue - need to Provider SIP/SWP escalate? escalate to JSE CSC NO Apply corrective JSE actions Logged Apply corrective actions ticket Apply corrective actions 1st Line Support - Share
Slide 25: APPENDIX
APPENDIX • Appendix A • Daily trading life cycle • EDM System reminders • FXM System Reminders • Clearing EOD process 25
Slide 26: 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 27: EDM Trading System Reminders
EDM Trading System Reminders 1. Trading Sessions • New “Start of Trading” session • Opening Auction extended by 5 min 2. Order Types • Enabled for Go Live: Limit Orders and Stop Limit Orders • Disabled for Go Live: Market Orders, Stop Orders, Market if Touched and Market to Limit orders 3. Trade Typ
Slide 28: EDM Trading System Reminders (cont.)
EDM Trading System Reminders (cont.) 5. Price Bands – Off Book • Price Band: 4% • The price bands do not limit the matching of Off Book trades that may breach the thresholds set • Trading Members and Clearing Members involved will be notified via a flag on the trade message if the price band has bee
Slide 29: FXM Trading System Reminders
FXM Trading System Reminders 1. Trading Sessions • New “Start of Trading” session • 07h00 – 08h00 - View open orders, view expired orders • 08h00 – 18h30: Trade reporting • Extended closing time of the deal management and trade reporting session to 18h30 2. Order Types • Enabled for Go Live: Limit O
Slide 30: FXM Trading System Reminders (cont.)
FXM Trading System Reminders (cont.) 5. Price Bands – Off Book • Price Band: 4% • The price bands do not limit the matching of Off Book trades that may breach the thresholds set • Trading Members and Clearing Members involved will be notified via a flag on the trade message if the price band has bee
Slide 31: Clearing EOD Processes
Clearing EOD Processes EOD processes and timings RTC RTC Clearing EOD Post-EOD SoD VIS SoD EOD Roll Net Reference Business payment Data Day and EDM, FXD (RTC) instructions updates, RTC CM Bal CM Bal (all Transfers available 1 2 markets) and CAs for logon 07h30 18h10-28 18h30 18h45 18h50 19h20 19h30
Slide 32: Questions?
Questions? Please refer all queries to the JSE Client Service Centre (CSC) CustomerSupport@jse.co.za +27 11 520 7777 32