Planned changes in the securities and FX markets system

Please be informed about the next release of the securities and FX market systems that take affect at production environment starting from November 11, 2024.

SECURITIES MARKET

REPO trades with open date: EverGreen

The functionality of REPO trades with open date is extended to include the parameter "Period until settlement of the second part of the REPO with open date" (EverGreen term). EverGreen term will define the number of calendar days after the submission of the settlement instruction required to finalize the REPO trade with open date. The new field OPENREPOEVERGREENTERM will become available for filling in transactions for entering REPO with CCP negotiated deals. This field will be considered when matching orders.

We remind you that the task was presented in a state of technical readiness in the release on September 23, 2024. The description of changes is available via the link.
We remind you the changes in the trading and clearing reports for the securities market: fields for displaying EverGreen term are being added.

Suspension of bond trading between record date and maturity

For all bonds in secondary trading modes, a restriction on allowable settlement codes is introduced, prohibiting transactions whose settlement date falls between the record date (prior to maturity) and the maturity date.

FX MARKET

Price update auction

When the event of an automatic shift in price limits occurs, a Price update auction will be conducted in the FX market. A message announcing the start of the auction will be sent by the trading system along with the message about the limit shift.

The auction will be held in the main trading mode CETS for all SPOT instruments, including precious metals market instruments.

The Price update auction will be conducted similarly to the existing mechanism of the opening auction in the FX market with a random selection of the moment for determining the auction price and the application of an efficient price determination algorithm that accounts for bid/ask imbalance.

In the IFCBroker51 interface for connection to the FX trading system, the value "U" (Price update auction) has been added to the list of possible values for the PERIOD field.