Slide 1: Integrated Trading and Clearing (ITaC) Client Forum
Integrated Trading and Clearing (ITaC) Client Forum 6 June 2018 1
Slide 2: Agenda
Agenda • 26 May Dress rehearsal feedback • E2E testing • ITaC Timeline • Questions? 2
Slide 3: Dress Rehearsal Feedback
JS | Dress Rehearsal Feedback | INTEGRATE | | ac ACCELERATE GROW
Slide 4: Dress Rehearsal Observations
Dress Rehearsal Observations • Enablements/Login issues • Password policy changes (4) • Password resets (5) • Client connectivity issues – issue on own internal networks - resolved during the test (2) • Incorrect ports configured (2) • Trading • Incorrect TraderIDs used (2) • TraderIDs not enabled f
Slide 5: Dress Rehearsal Observations
Dress Rehearsal Observations • Front-end issues experienced by clients • FXM - Mismatch in trades window • FXM - Creation of Anyday Option, Futures and Delta Options were not working • FXM - Limit Order with TIF=IOC • FXM - Report only Trade • FXM - Single/Dual Sided Reported Trade: off book trade c
Slide 6: Dress Rehearsal Observations
Dress Rehearsal Observations • Market Data • Multicast data not being received – network configurations issues at clients resolved by Internet Solutions quite late in the test • Malformed messages submitted and rejected • Some general enquiries on Trader Groups and Trader Ids received 6
Slide 7: Overall Dress Rehearsal Results
Overall Dress Rehearsal Results 24 March 2018 ORDER MANAGEMENT Submit New Order - TIF Submit New Order Amend Order Cancel OOBD Order - Type DAY GTD MARKET Amended Cancelled Recovery 59% 24% 37% 37% 5% 12 May 2018 ORDER MANAGEMENT Submit New Order - TIF Submit New Order - Type Order Order OOBD Amend
Slide 8: Overall Dress Rehearsal Results
Overall Dress Rehearsal Results 24 March 2018 TRADE MANAGEMENT On Book Off Book Trades - Off Book Trades - Cancellation OTBD Trades Dual-Sided Single-Sided AT NT NT On Book Off Book Recovery 58% 16% 20% 0% 4% 11% 12 May 2018 TRADE MANAGEMENT On Book Off Book Trades - Dual-Sided Off Book Trades - Sin
Slide 9: Overall Dress Rehearsal Results
Overall Dress Rehearsal Results 24 March 2018 INSTRUMENT MANAGEMENT Permissions Sessions/Status Instrument Creation Correct Market Correct Instrument Type Suspend/Halt No trading session Future Option 96% 100% 97% 92% 2% 12% 12 May 2018 INSTRUMENT MANAGEMENT Permissions Sessions/Status Instrument Cr
Slide 10: Overall Dress Rehearsal Results
Overall Dress Rehearsal Results • Average Post-trade (deal management) results for Trading Members only • March and May results % Met is derived on this minimum set of criteria which will be revised for the next dress rehearsal 24-Mar 12-May 26-May Trade feed into Receive Trades in RTC for all parti
Slide 11: ITaC End-to-End (ETE) Testing
ITaC End-to-End (ETE) Testing 11
Slide 12: End-To-End (ETE) Testing
End-To-End (ETE) Testing • End-To-End (ETE) testing is an opportunity for clients to test in an integrated environment that closely mirrors production • Some data for testing purposes not aligned to production • Size of environment not the same as production • Times of market events different for te
Slide 13: End-To-End (ETE) Testing
End-To-End (ETE) Testing • Two phases of End-to-end testing are envisaged: • Structured ETE testing - test specific identified scenarios and events on specific days • Scripted ETE testing – ring fenced with specific data and functionality on specific days with specific expected outcomes as well as o
Slide 14: End-To-End (ETE) Testing
End-To-End (ETE) Testing • Members and Live Information subscribers to contact CustomerSupport@jse.co.za via email to request enablement IP address information and to schedule required connectivity tests • Provide the CompIDs for Trading and RTC that you will connect with • Request the target IP add
Slide 15: ITaC Project Timeline & Key Dates
ITaC Project Timeline & Key Dates 15
Slide 16: ITaC Timeline
ITaC Timeline • Most recent consultation with key stakeholders reached consensus on and a commitment to a targeted go-live date with a closed scope • Go-Live is subject to certain critical milestones being met • A Market Steering Committee comprising representatives from the JSE, Clearing Members (a
Slide 17: ITaC Key Dates
ITaC Key Dates Date Milestone 11 Jun – 22 Jun 2018 Clearing Member & Software Provider Testing in ETE environment 25 Jun 2018 Start of End to End Testing in ETE environment 25 Jun – 6 Jul 2018 ETE Testing – Cycle 1 Structured 9 Jul – 13 Jul 2018 Prep for MMDR; data clean up and full position take on
Slide 18: Questions?
Questions? Please refer all queries to the JSE Client Service Centre (CSC) CustomerSupport@jse.co.za +27 11 520 7777 18