The next release of securities and FX market system
The next release of securities, money and FX market systems is planned on 25 September 2023. The following key changes are included. In case of any changes, MOEX will provide an update.
Client Registration service update
To ensure regulatory compliance with the new edition of Bank of Russia Regulation No. 437-P "On Conducting Organized Trading", updates are planned for of Client Registration service.
Information on trade member’s clients and the second level clients who are not ultimate beneficiaries (sub-brokers) mist be provided during client registration. Broker’s license might be specified on any level of client which is a legal entity.
Updated service version is available for testing for testing on T1 test environment at https://play-apim.beta.moex.com/
Updated version implements storage and processing of information on the entire entity chain involved in providing technical access to trading for end client. The set of operations with client registration record and the existing list of client types are remain the same though.
There are no changes planned in ASTS bridge broker interface’s objects. In the CLIENTCODES (Brokers' clients) table:
- FIRMID field contains trade member’s identifier
- DETAILS filed contains information on the first level client
- SUBDETAILS field contains information on trade member’s end client of the second level
There are new field in the RptClients report on registered clients. The field will contain Information on the whole entity chain providing technical access to trading for end client.
ASTS bridge interface update to Broker47, BrokerRisk47 version
New version of ASTS Bridge broker interface IFCBroker47, IFCBrokerRisk47 for trading system and for clearing system is planned to be introduced on the securities market and on the FX market.
The new fields COLLATERALPERCENT and COLLATERALPERCENT_TOM (collateral acceptance limit percentage value for current day and for tomorrow) will be added to the RM_TRDACC table of the Broker interface for clearing system.
Transaction SET_RM_COLLATERAL_PERCENT to change a Collateral limit percentage value will be added.
The new FULLCOVEREDLIMIT field will be added to the ASSETS table of the Broker securities market interface for the clearing system.
SECURITIES MARKET
New trading boards for distribution / buy-back
Trading boards for distribution / buy-back of stocks, depositary receipts and shares that have no opportunity to be listed for organized trading will be added in trading and clearing system.
- MPAU — OTC Publ.Offer: Neg. deals
- MPBB — OTC Buy-back: Neg. deals
Distribution / buy-back operations will be operated with central counterparty NCC. Settlement code will be set for a specific case by NCC form a list (T0, Z0, X0, Bn).
Changes in clearing reports
- New clearing reports to provide an information on distribution / buy-back with NCC:
- EQM3A — Distribution/buy-back negdeals register
- EQM11 — Consolidated offers register
- The new possible value of CommInfo field will be determined in the EQM97 report on premium: 7 — rebate on OTC negotiated deals with CCP trades with Stocks
FX MARKET
New instrument codes
List of instruments available for trading on CETS, CNGD, CPCL boards is extended with new instruments for AED/RUB, AED/USD currency pairs. You may find new instrument codes in the eng_FX_new_instruments_tags_2023 document. A full list of parameters of new instruments will be published later.
Special settle mode
On the release date it is planned that instruments for trades on special settle mode with JPY/RUB, GBP/RUB, AED/RUB currency pairs will be available on the production environment. These instruments will be released by analogy with CHF/RUB instruments. You may find new instrument codes and position codes in the eng_FX_new_instruments_tags_2023 document.
Changes in clearing reports
There will be new clearing report on the FX market: CCX102 report on special settle mode trades obligation. Report will contain information on conversion rate, obligation and liability value based on conversion procedure.
Iceberg orders with SWAP instruments
SWAP orders with hidden quantity are planned to be made available for trade members on the FX and precious metals markets. SWAP iceberg orders entering will be provided for SWAP instruments with currency / precious metal pairs on TODTOM, TOMSPT terms.
Limitations planned to be provided:
- Minimum number of lots in the visible part is 100
- Maximum ratio of hidden quantity to the visible quantity is 1:100