VOLUME 23 – BULLETIN #172
TO:
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ALL CLEARING PARTICIPANTS
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FROM:
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CLIENT SERVICES AND SUPPORT
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DATE:
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December 30, 2003
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SUBJECT:
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Eurex US Simulation Calendar
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On Monday, January 5, 2004, the Open Simulation phase (Phase 3) of Eurex US simulation will begin. In Phase 3, the simulation system will be made available to all traders, front office vendors, clearing participants, and back office vendors. This phase will continue until January 28, 2004.
Eurex US Simulation Test Guidelines
• The clearing participant should submit the test request form to the Clearing Corporation two business days prior to the test day.
• The clearing participant should indicate on the request form the desire to receive the register data file. Note that the naming convention for the register data file will be: “CHTD.TR.CBT***.REGDOUT”
• The test request form can be accessed at http://www.clearingcorp.com/clearingmembers/Procedures/TestingProcedures.html#TopOfPage
Simulation Guidelines
• The clearing participants, along with the Eurex US traders, should determine when they will participate in Eurex US simulation.
• In Eurex US simulation, an order entered can be matched against any other order in the trading system. There is no concept as doing “buddy trading simulation.”
• Focus days are scheduled to highlight certain trading activities. Eurex US Market Supervision will ensure appropriate market depth on these days in the respective focused products. Information regarding focus days can be found on the Eurex US web site in the Member Section.
• Clearing participants will receive TREX messages via MQM real-time except during Clearing Corp end of day processing (between start of session and 9:00 am thru January 15th) and during weekends when processing is suspended.
• At the completion of CCorp end of day processing (approximately 9:00 am until January 16, then approximately 9:00 pm), register data files will be produced for firms that have requested the register data file. A simulation trade register report will also be produced at the same time for all firms that have simulation trade data.
• Other than trade registers, no other reports will be supported during simulation.
• Firms can access simulation trade register report via production Infopac. The report is “CLR00234XX - EUREX SIMULATION DAILY TRADE AND POSITION REGISTER.”
• The Eurex US simulation calendar can be found at: http://www.clearingcorp.com/clearingmembers/EurexUS/SimulationCalendar.pdf
Test File Alternatives
Clearing participants who want to receive Eurex US test files prior to the startup of phase 3 on Monday, 1/5/04, can receive a generic package of TREX records to begin their testing. This package includes sample trades representing the types of trading activity that will occur in Eurex US. This file can be customized so that it contains the clearing participant’s number as the executing firm and a customer account provided by the clearing participant.
Clearing participants who want to expand their testing to include GAPI messages should contact CSS. Trades executed in Eurex US simulation and marked as give-up will be loaded to the ST ACT environment. Firms can then submit allocation and claim transactions using GAPI messaging or the ACT GUI. The resulting GAPI messages will then be sent to the firm’s test queue.
Calendar Description
Monday, 1/5/04 – Sunday, 1/11/04
• Pre-trading will be from 5:00 am CST – 5:30 am CST.
• Simulation trading will be available from 5:30am CST – 4:00 pm CST.
• Post-trading will be from 4:00 pm – 4:30 pm CST.
• The trading date will be the next business day. For example, simulation trading on January 5th, 2004, will have a trading date of January 6th, 2004.
• Clearing Corporation processing will take place after Eurex US batch processing on the day following simulation. For example, simulation trades from January 5th will be processed by Eurex US and the Clearing Corp on January 6th.
• Eurex US simulation system will also be available on January 10th and 11th; the CCorp end of day processing is on Monday, January 12.
Monday, 1/12/04 – Wednesday, 1/14/04
• Pre-trading will be from 5:00 am CST – 5:30 am CST.
• Simulation trading will be available from 5:30am CST – 4:00 pm CST.
• Post-trading will be from 4:00 pm – 4:30 pm CST.
• The trading date will be the next business day. For example, simulation trading on January 12th, 2004, will have a trading date of January 13th, 2004.
• Clearing Corporation processing will take place after Eurex US batch processing on the day following simulation. For example, simulation trades from January 12th will be processed by Eurex US and the Clearing Corp on January 13th.
Thursday, 1/15/04 – Friday, 1/16/04
• Pre-trading will be from 5:00 am CST – 5:30 am CST on Thursday, 1/15/04.
• The trading date will be Friday, 1/16/04.
• The trading day will run from 5:00 am on 1/15/04 until 4:00 pm CST on 1/16/04.
• Post-trading will be from 4:00 pm – 4:30 pm CST on Friday, 1/16/04.
• Simulation trades from January 15th and 16th will be processed by Eurex US and the Clearing Corp on January 16th.
• Simulation will not be available on Saturday and Sunday, January 17th and 18th. The next simulation-trading day will begin on the evening of Sunday, January 19th.
Monday, 1/19/04 – Friday, 1/23/04
• Simulation trading hours and processing will follow production-trading hours.
• Simulation trading will be available from 7:30 pm CST until 4:30 pm the following day, Monday through Thursday.
Saturday, 1/24/04, Sunday, 1/25/04
• Eurex US simulation system will be open for trading until January 26, 4.30 pm (incl. post-trading).
Monday, 1/26/04 – Wednesday, 1/28/04
• Simulation trading will be available from 7:30 pm until 4:30 pm CST the following day, Monday through Wednesday.
Should you have any questions, please call or e-mail one of the following Client Services and Support Representatives:
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