VOLUME 24 – BULLETIN #063
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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November 18, 2004
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SUBJECT:
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Global Clearing Link Phase I Trade Register Enhancements
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The Clearing Corporation (CCorp) has updated the trade register report format to better reflect the detail associated with trades that are executed through an all electronic exchange. With the implementation of Phase 1 of the Global Clearing Link, the new version of the trade register report (CLR00234F) is available through Infopac and also can be routed automatically to a firm’s print queue. Current versions of the final trade register will continue to be produced with plans to phase them out in the future.
With the introduction of the new trade register report format, clearing participants that maintain divisions (NCMs) will have the option of receiving separate trade registers for the parent firm as well as each of its division, thus keeping activity segregated by firm ID. Another option will allow for the merging of each division’s activity into that of the parent firm’s in order to create one master trade register report.
A test version of the new trade register report format is currently available in Infopac. Firms that are currently participating in simulation can review the new format (Infopac ID CLR00234XX). It is also important to note that the trade register data file will remain unchanged; the enhancements to the trade register outlined in this bulletin only affect the printed version of the trade register report.
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NEW Information
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Field Name
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Length
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Description
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Reason
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Example
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Exchange Member ID
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13
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Provides full member exchange code ID, participant sub group and participant number.
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The Back Office will be able to find a home for an unknown transaction more quickly.
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FFDUS ORS 012
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Trade Session (TR SE)
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1
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A code that shows which exchange the associated trade was executed.
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The Back Office will be able to determine if a trade was executed on Eurex or Eurex US
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X - For Eurex US
R – Eurex Europe
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Exchange ID
(Printed Report Only)
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10
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Eurex assigned transaction
ID and suffix
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The Back Office will be able to trace trades to both the Eurex trading platform and to ECAG
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431338 001
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UPDATED Information
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Field Name
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Length
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Description
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Reason
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Example
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Trade Date
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5
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Shortened from 8 bytes to 5. Will display the month and business day the trade was executed.
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Free up space for new information.
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06/25
02223
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Order Number (Ordr No)
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4
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The term card is more associated with floor trading.
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ORDR NO
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CTI (CT)
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1
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CTI column header has been shorted to CT.
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Free up space for new information.
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CT replaces CTI
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Trans Type
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6
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Shorted from 9 bytes to 5. A new list will be provided shortly.
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Free up space for new information.
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GF (Give-up From)
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Should you have any questions, please call or e-mail one of the following Client Services and Support Representatives:
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