TRADECHO RELEASE 10ABC RELEASE NOTES (CDS & PROD)

Transcription

1 TRADECHO RELEASE 10ABC RELEASE NOTES (CDS & PROD) TRADEcho Rules Guide June / 7

2 Copyright 2018 London Stock Exchange plc and Boat Services Ltd. All rights reserved. No part of this document may be reproduced, copied, published, transmitted, or sold in any form or by any means without the expressed written permission of London Stock Exchange plc and Boat Services Ltd. London Stock Exchange and London Stock Exchange coat of arms device are trademarks of London Stock Exchange plc. Boat and TRADEcho are trademarks of Boat Services Ltd. Other product or company names mentioned herein may be the trademarks of their respective owners. TRADEcho Release 10ABC Release Notes (CDS & PROD) 2/7

3 Summary These release notes provide a high-level overview of the functionality available in the CDS environment from 24 th, known issues and future functionality to be delivered. These changes will be deployed into the PROD environment in July (date TBC). There will then be a second part of release 10 which will contain all of the aggregation elements for supplementary deferrals (date TBC). Proposed Test Environment Upgrade Dates The dates below give a guide to functional upgrades to the CDS test environment. Dates are subject to change. - Technical Go Live 20 th November (production version) - Release 8 05 th December Release th December 2017 (patch to sprint 8 with critical bug fixes) - Release th December 2017 (further patch to sprint 8 with critical bug fixes) - Release th January 2018 (further patch to sprint 8 with critical bug fixes) - Release 9A 13 th February 2018 (targeted for PROD release on 3 rd March) - Release 9B 27 th February 2018 (targeted for PROD release on 3 rd March) - Release 10AB 27 th April 2018 (targeted for PROD release in July date TBC) - Release 10ABC 24 th (targeted for PROD release in July date TBC) - Release 10ABCD Mid June 2018 (targeted for PROD release in July - TBC, this is FIX Specification Versions the full aggregation solution for supplementary deferrals) Post-Trade - FIX Specification MMT v2.10-c (Note - support for the PTGW has been removed) o APA & On Exchange/Off Book Only available on LSE website in the Millennium Exchange Technical Specifications section o SRR specification available on the TRADEcho client hub Pre-Trade - SI Quote FIX specification v2.10-c available on LSE website in the Millennium Exchange Technical Specifications section. Supporting Documentation CDS Client Release 10ABC notes (this doc) TRADEcho_PreTrade_FIX_Specification_v2.10-C TRADEcho_PostTrade_FIX_Specification_v2.10.C TRADEcho_PostTrade_APA_Only_FIX_Specification_v2.10-C TRADEcho_WebPortal_UserGuide_NonAdmin_v2.11-A (online in portal) TRADEcho_WebPortal_UserGuide_Admin_v2.11-A(online in portal) TRADEcho_SRR_CSV_specification_2.10.C TRADEcho_APA_CSV_specification_2.10.C TRADEcho Reject Codes 2.10.C 3/7

4 Changes in this release (Sprint 10ABC): The additional functionality below has been implemented in this release: Addition of EEA and Equivalent Trading Venues Ability to change session times intraday CSV upload can handle Cancels and Amends Removed incorrect date range in GUI search views SRR - Branch location on entering and counterparty side Post Trade Supplementary Deferrals, part 1; Store and apply different NCA deferrals (LMTF/VOLO). Also changed data model from separate boolean supplementary deferral flags to a single multi-value field to prevent applying more than one regime simultaneously. Also adjusted CSV and GUI in a similar manner to simplify for end users. Change in the management of Executed Quantity, Denominated Par Value and Unit Quantity Bug Fixes in this release (Sprint 10ABC): The table below summarises all bug fixes in this release: Summary of new functionality Detail Quote for non-equity Instrument submitted without Notional Currency is accepted OffBookTradingMode is not validated against Execution Venue Incorrect reported price in WebPortal in case of low (- 0.0****) negative price on NEQ instrument It's impossible to export trades from SRR search in case of there are trades with pending price Long response time for searching trade reports and quotes in WebPortal Impossible to amend any SI reference data instance Voice Negotiation not included in SRR to TRQ conversion CSV Documentation does not match the FIX Spec updatenotionalcurrencyonnonequities() would set notionalcurrency to currency if missing, so it was always valid to skip sending it. This update removes that code. The validation of the CSV files is now changed so that the erroneous combinations are not accepted. Fixed bug where GUI displayed the negative sign for small numbers incorrectly The pending price attribute was used in a comparison before it had been deserialised and assigned. The order was changed to make it have a non-default value in the comparison. Made the queries more efficient in general by reordering constraints and removing redundant constraints. Also changed QUOTEID from string to long for the internal handling in the history server, which means faster lookups. This requires the QUOTEID data to be migrated. There was a problem relating to the lookup of already existing reference data (SI) which caused all updates and removes of Systematic Internalisers (ISIN/Cofia/Issuer) to fail. Added voice negotiation to SRR->TRQ conversion Fix specification updated 4/7

5 `Incorrect filter criterias for Received time (From and To) and Trading time (From and To) on Trade Reports>Search Across Members Intraday system schedule change SRR system rejects amend request without not required FirmTradeID(1041) value Handle trade reports for ISIN not deemed ToTV by TRADEcho Incorrect auto search of trades in WebPortal after CSV upload Long response time for searching trade reports and quotes in WebPortal SRR incorrectly processes RPRI trades Sub Asset Class has discrepancy in the previous release Truncated field "reporttypecode" of object "RpeReportType" ITO Alert System does not publish deferral trades at same intended publication date and time It's impossible to send a trade via LastMkt in CSV Remove attribute CounterpartyTraderLocation Fixed in connection to JIRA 1576 Changed so ReceivedDate and TradingDate can only be specified with a single day. The majority of this functionality was delivered in a previous release but the feature "Change from GUI should not be persisted to database" is now added which completes this enhancement. The check for a valid FirmTradeId was done for all SRR operations, including Amend. It is now only done for Submit. Note! This CR was implemented in connection with the SRR Instrument Validation Logic Changes in a previous release. However this was not presented in release notes and is therefore added to this delivery document instead. Three different errors were fixed: 1) CSV amends on APA web submissions were not shown in the result search page. It was due to the search being done for trade reports with a CSV origin, but the amended uploads would always inherit the origin from the original. Fixed by setting it every time. 2) After a CSV upload, the redirect to the result search page could happen before the trade reports were persisted in the database so none were found. It was more likely to happen for SRR. Fixed by waiting before redirecting. 3) The CSV upload result page was the normal search page with some hidden filter parameters that were confusing if a user made subsequent searches after the upload. Fixed by using a dedicated CSV upload results page without search fields. Response times improved when trade reports and quotes are searched for in the WebPortal Changed to not required in quickfix and added validation of TrdType in code according to BATS fix requirements. Updated file to FIXBATS129b.xml Added new migration to add the missing subassetclasses Shortened names for a few reports so that they do not exceed implicit length requirements. To avoid automatic truncation of report file names, "reporttypecode" has been changed for three reports. As part of the CD migration the report names will be shortened so that the warning does not appear. The bug was introduced in a previous delivery, which stops automatic release of deferred trade reports under some circumstances. Specifically, if more than one deferred trade report has the same intended publication time, only one of them was released. Manual release was not affected and is still possible. Corrected validation for CSV so that MIC lookup can be used when submitting through CSV. Removed counter party location from codebase. Was earlier already removed from FIX and requirements. 5/7

6 Length of input fields Note! This was added in version 2.9 but was not communicated in release notes, so it is added here for completeness. Added safeguard that truncates strings to proper lengths according to requirements (FIX, GUI, CSV). Defaults to 256 if no max length is specified in requirements. These specific fields/attributes max lengths have been implemented: OriginalSrrTradeId(alphanumerical(20)), SrrTradeId(alphanumerical(20)), TransactionId(alphanumerical(12)), Comment(alphanumerical(64)), CounterpartyFirm(alphanumerical(11)), CounterpartyUser(alphanumerical(11)), InstrumentID(alphanumerical(9)), ISIN(alphanumerical(12)), CountryOfRegister(alphanumerical(2)), Currency(alphanumerical(3)), FirmTradeID(alphanumerical(50)), ReportingFirm(alphanumerical(11)), ReportingUser(alphanumerical(11)), ExecutingFirm(alphanumerical(11)), ExecutingTrader(alphanumerical(11)), ExecutingSalesperson(alphanumerical(11)), Account(alphanumerical(11)), ContraFirm(alphanumerical(11)), CounterpartyLEI(alphanumerical(20)), ContraFirmUserID(alphanumerical(11)), CounterpartyTrader(alphanumerical(11)), OriginalTransactionID(alphanumerical(12)), SettlementDate(alphanumerical(10)), NotionalCurrency(alphanumerical(3)), PackageID(alphanumerical(12)), APA incorrectly validates OnExchange rules in case of trade currency is not EUR It's impossible to search for today trades in SRR after migration in the previous release Please note that InstrumentID/ISIN via FIX is a special case since we use SecurityID(48) for both InstrumentID and ISIN. Currently the max is the default 256. Round to 5 decimals instead of 0 in LIS threshold computation in off book on exchange flow. This was corrected in but was missed in patch notes. Removed DEFERRALTYPE and DEFERRALENRICHMENT 6/7

7 Issues with PostTrade FIX specification from previous release Unexpected error occurs on Quote User login Incorrect time of publication for VOLO supplementary deferral Trades in TCR-S msgs before limited publication IntendedPublicationDateTime and IntendedLimitedPublicationDateTi me columns are empty in exported CSV file Default value for ApplySupplementaryDeferral (20200) tag has been updated in FIX spec Fixed accessgroup conversion to long when querying yesterdays quote counts Updated mapping of RptTime (7570) to handle publication times in case of supplementary deferrals. When a TradeReport was exported with supplementary deferral to CSV file the IntendedPublicationDateTime and IntendedLimitedPublicationDateTime columns were empty, but these columns have now been populated. Known Issues: Known issues with the current release (10ABC) that will be addressed in a future release: Detail CSV upload is not rejected when supplementary deferral flags are not specified No alert sent to other users. Information about changes to the system schedule is not sent as an alert to all affected users Cannot amend supplementary deferral flag (1934) and apply supplementary deferral (20200) via SRR RptTime included when submitting trade with TradePublishIndicator(1390)=DoNotPublish(0) Pre-release for supplementary deferral does not clear the fields in SRR Future Functionality: The below summarises some of the major pieces of future functionality planned: Enhanced Assisted Reporting views Enhanced Reporting and more available fields in reports Support for Supplementary Deferrals Instrument validation logic change on force publish to TRADEcho APA Enhanced Package Trade support o The deferral logic and publication scheduling of components is not based on other components in the package o The TradeNumber (2490) of a component is not checked for duplication o The number of components sent is not validated against TotNumTradeReports (748) 7/7