14 Oct 2024
Eurex
Eurex Readiness Newsflash | MiFID II/MiFIR order flagging requirements: Short Code and Algo ID solution enhancement – Publication of documentation and technical information
Dear customer,
With this Newsflash, we would like to inform you that the “SCLC 2.0 - User guide GUI Short Code ID and Algo ID upload” is now available on the Eurex website www.eurex.com.
You can find all documents that were published on 28 August 2024, including the “SCLC 2.0 - User guide GUI Short Code ID and Algo ID upload”, on the Eurex website under:
Rules & Regs > Regulations > MiFID II/MiFIR > Client & Member Reference Data
Support > Initiatives & Releases > Readiness for projects > Short Code and Algo ID Solution 2.0
The new Short Code ID and Algo ID upload GUI features in the simulation environment are:
A) Already available:
- New upload file formats
- New Common Upload Engine (CUE) validation feedback, i.e. error messages and changed naming convention
B) Available as of 14 October 2024:
- Restructured menu panel with three main categories (Common, Short Code ID, Algo ID) with subitems
- New module “Report Download”
o Display and download of the Short Code ID reports TR160, TR161, TR166, TR167, TR168, TR169 and Algo ID reports TR162, TR163
o Paging, sorting, searching of results - New module “Missing(s)” for Short Code ID and Algo ID
o Display of “Missing” Short Codes/Algo IDs of the TR160/TR162 reports
o Link to the eForm in order to conveniently submit “Missing” Short Codes
o Paging, sorting, searching of results - New module “Final Missing(s)” for Short Code ID
o Display of “Final Missing” Short Codes of the TR169 report
o Link to the eForm in order to conveniently submit “Final Missing” Short Codes
o Paging, sorting, searching of results - New module “Upload Error(s)” for Short Code ID and Algo ID
o Display of upload file related errors of the TR160/TR162 reports
o Paging, sorting, searching of results
Additionally, the T7 XML report file naming of TR166 of Eurex (MIC: XEUR) in the production environment will be aligned in order to streamline the report naming convention. Currently, in addition to the MIC, there is “T7” in the file name, which will be removed.
Reports will be provided with the aligned report naming in the production environment with the T7 Release 13.0 on 18 November 2024. The report naming convention will be as follows:
Example for TR166: RPTTR166GDBXXYYYYMMDDXEUR.XML_ZIP
Please find the T7 XML report naming conventions in the “Common Report & Upload Engine User Guide” on the Eurex website under:
Support > Initiatives & Releases > T7 Release 13.0 > Reports
In the simulation environment, the T7 XML TR169 “Short Code ID - Correction Report” had a limitation, which was an incorrect value in the report fields “ValidFrom” and “ValidTo”. This limitation was fixed and the correct values were provided in the respective report fields with the simulation environment batch of 9 October 2024.
The Common Upload Engine (CUE) simulation environment had not been aligned with the T7 simulation batch calendar, which led to incorrect validation results of the upload file fields “ValidFrom” and “ValidTo”. The alignment took place and the CUE simulation environment has applied the T7 simulation batch calendar since 13 October 2024.
For the Short Code ID and Algo ID solution 2.0 go-live in Production, please consider that for the last day of the old solution, which is 15 November 2024, the submission of upload files is feasible until the regular cut-off time of 23:30 CET. However, the upload functionalities will be disabled on 23:31 CET on 15 November 2024 and will be enabled again on Sunday, 17 November 2024, at 00:01 CET.
From this time onwards, Trading Participants must submit upload files in the new upload file layout. This is also applicable for uploads of Short Code IDs, which shall resolve missings detected for trading day 15 November 2024. Please find the new upload files of Short Code IDs and Algo IDs on the Eurex website under:
Rules & Regs > Regulations > MiFID II/MiFIR > Client & Member Reference Data
Support > Initiatives & Releases > Readiness for projects > Short Code and Algo ID Solution 2.0
As always, Deutsche Börse highly recommends that all Trading Participants work through the documentation to ensure a smooth go-live of the enhanced Short Code ID and Algo ID solution 2.0, which will be introduced with the T7 Release 13.0 on 18 November 2024.
We strongly urge all Trading Participants to take part in the simulation environment and to test various scenarios to ensure readiness.
If you have questions or require further information, please contact us via e-mail: client.services@eurex.com.
Kind regards,
Your Client Services Team
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Recipients: | All Trading Participants of Eurex Deutschland and Vendors | |
Target groups: | Front Office/Trading, Middle + Backoffice, IT/System Administration, Auditing/Security Coordination | |
Contact: | client.services@eurex.com | |
Web: | www.eurex.com |
