Planned changes in the securities and FX markets system
The next release of securities, money and FX market systems is planned on 31 July 2023. The following key changes are included. In case of any changes, MOEX will provide an update.
ASTS bridge interface update to Broker46, BrokerRisk46 version
New version of ASTS Bridge broker interface IFCBroker46, for trading system and for clearing system is planned to be introduced on the securities market and on the FX market.
The new COVEREDSELL field will be added to the ASSETS table of the Broker interface for clearing system. Possible values:
· "Y" - Full accounting of covered sales
· "P" - Partial accounting of covered sales
· "N" - Ignore covered sales
New versions specification and changes from the current version of ASTS Bridge broker interface you may find at MOEX FTP server.
FX market: https://ftp.moex.com/pub/ClientsAPI/ASTS/Bridge_Interfaces/Currency/test/
Securities market: https://ftp.moex.com/pub/ClientsAPI/ASTS/Bridge_Interfaces/Equities/test/
Additional session algorithm changes
Please take a note that the earlier presented change in additional session algorithm will take effect in the production environment at a later date: 31 July 2023.
SECURITIES MARKET
Transfer to T+1 settlement mode
Main trading boards for bonds and shares will be transferred to T+1 settlement mode in the production environment.
Please be reminded about the update of the securities market T1 test environment (INET_GATEWAY).
REPO trades with open date
Functions to handle REPO trades with open date will be presented as technical readiness at the release date.
The open date feature is planned to be available for REPO with CCP with GCP Negdeals, REPO with CCP Negdeals, REPO-M negdeals.
New elements will be added to IFCBroker46, IFCBrokerRisk46 version of ASTS bridge broker interface for trading system and clearing system to specify and process data on such trades. To indicate the REPO trade ASTS bridge user sends the ISOPENREPO field value. To indicate the status of REPO trades with open date, ASTS bridge user handles the OPENREPOSTATUS field value.
Either counterparty may choose to finalize the second part of a REPO trade, within 365 calendar day period. The first part of REPO trade with open date is settled in a standard way for each trading board. To finalize REPO trade with open date, clearing member sends OPENREPO_SETTLE transaction.
Once a REPO trade with open date is finalized, it may be settled in a standard way on the next clearing day. Liabilities on REPO with CCP trades will be settled during the first clearing session. Liabilities on Inter-Dealer REPO trades must be settled with settlement reports confirmed by counterparties. Users may send a settlement instruction with the REPORT transaction.
It is planned to change clearing reports structure to produce data on REPO with open trades:
· RECORDS node will be supplemented with optional "OpenRepo" attribute to specify REPO trades with open date with "Y" value. The attribute will not be displayed for trades with fixed REPO term.
· New EQM151 report on commission fee on REPO trades with open date will be provided with data on cumulative total fees for unsettled REPO trades with open date.
You may find specifications of reports structure at the MOEX website: https://fs.moex.com/files/13900
Data published in USTRADES.BENCHMARKCHANGEDATE changes
For trades linked with overnight benchmark data published in the field will be harmonized with the data concept. Date when new benchmark value was determined will be published both for trades with overnight benchmarks and for trades linked with benchmark having non-overnight term.
Mentioned update will take effect with IFCBroker46 version of ASTS Bridge broker interface.
New buy-back board on the securities market
New buy-back board will be added to securities market system: · PSBY - Buy-back: Negotiated deals CNY
It is similar to the existing boards based on foreign currency (PSBU, PSBE). The board will be available in the production environment during the buy-back procedures in corresponding currency. Notifications on such events are published in the securities market news in advance.
FX MARKET
Trade period extension for the "CCP OTC Clearing CPCL" board
It is planned to extend trading period for T+1 and T+2 instruments on the CPCL bord from 19:00 to 23:55 on pre-trade and to 23:50 on post-trade.
New format for act of the integrated technical service rendered
Please be reminded that starting from 31 July 2023 Moscow exchange is planning to change the format of a report (act of the integrated technical service rendered). Reports will be provided monthly as XML formatted report having CUX19 number.