Slide 1: Integrated Trading and Clearing (ITaC) Client Forum
Integrated Trading and Clearing (ITaC) Client Forum 27 March 2019 1
Slide 2: Agenda
Agenda • ITaC High Level Timeline and Key Dates • 9 March Dress Rehearsal Feedback • Participant Test Weekend (PTW) 30 March 2019 • Early Deployment Support Model Update • Go-live cutover, Deployment and Support • Client Forum Topics • Questions 2
Slide 3: Project ITaC Count Down
Project ITaC Count Down As at 27 March 2019 8 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 1 Mar 2019 Trader ID freeze start 4 – 8 Mar 2019 Dress Rehearsal Prep (ETE not available) 9 Mar 2019 Mandatory Market Dress Rehearsal 11 – 12 Mar 2019 Existing JSE ETE environment available 16 Mar 2019 JSE internal deploy of VIS & RTC into production (not available to c
Slide 6: ITaC Key Dates (cont.)
ITaC Key Dates (cont.) Enablement Freeze Period • Enablement change freeze is now in effect • 6 May 2019 - Enablement change freeze end (could be earlier if bedding down period smooth) Trader ID Freeze Period • 28 Mar 2019 – Cut off date for any final trader deletions prior to go live (no new Trader
Slide 7: Agenda
Agenda • ITaC High Level Timeline and Key Dates • 9 March Dress Rehearsal Feedback • Participant Test Weekend (PTW) 30 March 2019 • Early Deployment Support Model Update • Go live Cutover, Deployment & Support • Client Forum Topics • Questions 7
Slide 8: 9 March Dress Rehearsal Feedback
9 March Dress Rehearsal Feedback • End of day balancing – All IM & VM balanced across 7 clearing members. Remaining clearing member had internal data issues • JSE produced NLMD files on 11 March 2019 • Delays in the JSE’s take on activities had a knock on impact to the start of the Dress Rehearsal •
Slide 9: 9 March Dress Rehearsal Feedback
9 March Dress Rehearsal Feedback • Position Take on • Issue identified where positions that needed to be loaded on a cash settled Dividend Neutral, were loaded on the equivalent physically settled Dividend Neutral due to required reference data not taken on • Only 11 positions were impacted across a
Slide 10: Agenda
Agenda • ITaC High Level Timeline and Key Dates • 9 March Dress Rehearsal Feedback • Participant Test Weekend (PTW) 30 March 2019 • Early Deployment Support Model Update • Go live cutover, Deployment & Support • Client Forum Topics • Questions 10
Slide 11: Participant Test Weekend (PTW)
Participant Test Weekend (PTW) • What is a PTW? • A Participant Test weekend (PTW) is an opportunity for clients to test their solutions/systems in a production environment out of office hours • In the past, PTWs were available monthly for the Equity Market services • The following standard activiti
Slide 12: Participant Test Weekend (PTW) - 30 March 2019
Participant Test Weekend (PTW) - 30 March 2019 • March PTW extended to include ITaC Equity Derivatives (EDM) and Currency Derivatives (FXM) markets • Standard EQM production schedule, EDM and FXM production Trading and Clearing schedule as follows: Start Of Trading Opening Auction Call Continuous Tr
Slide 13: Agenda
Agenda • ITaC High Level Timeline and Key Dates • 9 March Dress Rehearsal Feedback • Participant Test Weekend (PTW) 30 March 2019 • Early Deployment Support Model Update • Go live cutover, Deployment & Support • Client Forum Topics • Questions 13
Slide 14: Key ITaC Milestones
Key ITaC Milestones 16 March 18 March 5 April – 8 April ITaC Go Live RTC & VIS Early JSE End-To-End (ETE) • 5 Apr all markets will close early (see notice) Deployment Data will be as for 9 • Nutron data take-on into ITaC services Early introduction of RTC and Mar dress rehearsal • Data take-on verif
Slide 15: 25 March to 5 April – Early Deployment Support Period
25 March to 5 April – Early Deployment Support Period When • Period spans the three weeks post RTC and VIS deployment until the ITaC go Live weekend Please note: Production What credentials and IP addresses are • 25 Mar - 5 Apr applicable for this environment • Heightened period of focus during onli
Slide 16: Early Deployment Support Period: Communication and Issue Logging
25 March to 5 April – Early Deployment Support Period Communication • Monitor exception communication at the following link: https://www.jse.co.za/services/itac-communications-page A general client call will be scheduled if and when necessary Verify Reference Data and report any issues to your softw
Slide 17: Agenda
Agenda • ITaC High Level Timeline and Key Dates • 9 March Dress Rehearsal Feedback • Participant Test Weekend (PTW) 30 March 2019 • Early Deployment Support Model Update • Go live Cutover, Deployment & Support • Client Forum Topics • Questions 17
Slide 18: 5 April to 8 April – ITaC Go Live
5 April to 8 April – ITaC Go Live When • Activities pertaining to Go live commence on 5 April and will largely be completed on 6 April, with some completing during batch run on 8 April • All JSE markets closing earlier on 5 April 2019 (except Bond ETP) What • Positions and collateral balances data t
Slide 19: Go-live Weekend – 8 April 2019
Go-live Weekend – 8 April 2019 Thurs Fri Sat Sun Mon 4 5 6 Cut-over continues… 7 8 JSE EXCO ~6am publish FINAL CSV files, Should have mapping spreadsheet and 06h00 Technical on Go/No Go Decision proved EDM & FXM Friday EOD site early support Closing Price spreadsheet connectivity All markets closing
Slide 20: Member Data Verification Sign-off
Member Data Verification Sign-off NB!! 6 Apr 2019 • On Saturday 6 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 sig
Slide 21: 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 22: Information Subscriber Checklist
Information Subscriber Checklist • Live Information Subscribers • Verify reference data (as at close of business on Friday, 5 April 2019) has been correctly converted into ITaC. This verification should include Contract Codes. This can be checked using the Start of Day reference data CSV files. • Re
Slide 23: 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 24: 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 25: 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 26: 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 27: 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 28: 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 29: 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 EDM Deal Mgmt 08:00 –
Slide 30: Go live Reminders
Go live Reminders • Contacts • In preparation for go live - your JSE buddy will be in contact with you to confirm the following contact details: 1. Daily Production Operational Contacts 2. ITaC Project Contact (RO, PO, PM) 3. Senior Escalation Contact • Monitor go live communication status via this
Slide 31: Client Forum Sessions – Draft Agendas
Client Forum Sessions – Draft Agendas Date Session Topics for Discussion 3 April 2019 • Final Go Live Briefing 31
Slide 32: Questions?
Questions? Please refer all queries to the JSE Client Service Centre (CSC) CustomerSupport@jse.co.za +27 11 520 7777 32