ntp production industry-wide information pack version 1.0 ... · asx derivatives market...

NTP Production Industry-Wide Test (IWT2) Information Pack Version 1.0 | January 2017

INFORMATION CLASSIFICATION - PUBLIC

NTP Industry-Wide Test (IWT2) Information Pack V1.0

© Copyright 2017 ASX Limited ABN 98 008 624 691. All rights reserved 2016. 2/13

Table of Contents

1. Introduction ............................................................................................................................................... 3

1.1. Purpose and Audience ..................................................................................................................... 3

1.2. Enquiries .......................................................................................................................................... 3

1.3. Document History ............................................................................................................................ 3

2. IWT Checklist .............................................................................................................................................. 4

2.1. IWT Requirements and Actions ....................................................................................................... 5

2.2. Test Scenarios .................................................................................................................................. 6

3. Detailed Indicative IWT Schedule ............................................................................................................... 7

3.1. IWT: Day 1 — 16 January 2017 ........................................................................................................ 7

3.2. IWT: Day 2 — 17 January 2017 ........................................................................................................ 8

3.3. IWT: Day 3 — 18 January 2017 ........................................................................................................ 9

3.4. IWT: Day 4 — 19 January 2017 ...................................................................................................... 10

3.5. IWT: Day 5 — 20 January 2017 ...................................................................................................... 11

4. Conclusion ................................................................................................................................................ 13



1. Introduction

The Australian Securities Exchange (ASX) will conduct the second Industry-Wide Test (IWT2) over a 1-week

period, from 16th to 20th January 2017, on ASX’s New Trading Platform (NTP).

IWT2 is designed to simulate a number of market events that occur throughout a trading year, during the

week long test period. The intent is to prepare customers for the launch of ASX NTP, which replaces ASX

Trade24, scheduled for February 2017.

The IWT2 will be conducted on the NTP Pre-Production environment and is strongly recommended for all

ASX derivatives market participants and customers. The NTP Pre-Production is a front-end environment only

and does not offer end to end trading to clearing capability (unlike IWT1).

In preparation for IWT2, customers should ensure their own internal systems are ready to commence

industry-wide testing, including connectivity to NTP Pre-Production environment and receipt of the requisite

ASX conformance-passed software from their software provider/s. Any such software must have passed ASX

conformance testing prior to IWT2 commencement.

Customers must complete appropriate internal scheduling activities ahead of NTP IWT2 commencement as

per the checklist provided in this document.

1.1. Purpose and Audience

This document is primarily relevant to operational and technical staff within ASX 24 participants, information

vendors, and other market participants that connect directly to ASX’s New Trading Platform. It describes the

key requirements and expectations for successful completion of IWT2 and outlines the expected schedule.

1.2. Enquiries

The NTP Pre-Production environment operates as per current Australian derivative market production

hours:

Customer Technical Support: [email protected] | +612 9227 0372 | 1800 663 053

ASX Trading Operations: [email protected] | +612 9256 0677 | 1300 655 560

For escalations, contact your ASX Technical Account Manager.

1.3. Document History

Issue Date Description

1.0 December 2016 First release of document.

http://www.asx.com.au/documents/products/ntp_iwt_information_packv_v10_draft_ppdates-od.pdf

mailto:[email protected]




2. IWT Checklist

Customers must ensure they comply with checklist items below prior to IWT2 commencement. Failure to do

so may result in the customer being unable to participate in the testing.

Requirement/Action Yes/No

Connectivity to the latest software versions of ASX Trading Terminal and Risk & Admin

Terminal (ART). Refer to the NTP Document Library for technical and connectivity

specifications.

Familiarity with NTP procedures including, Shared Order Group administration, Account and

Limits set-up and upload functionality.

Confirm your IWT participation, via email to [email protected], by nominating at minimum:

1 operational/technical testing contact

1 escalation contact

Note: as part of NTP production readiness the ASX has wiped pre-existing users and are only reinstating based on customer submitted NTP Order Forms.

http://www.asx.com.au/services/ntp/document-library.htm




2.1. IWT Requirements and Actions

In conducting IWT2, the ASX will:

ASX

Generate daily test trading activity.

Act as a participant counterpart for selected tests (upon request).

Simulate standard market and calendar events.

Monitor IWT2 activities to ensure progress is being made as expected.

Communicate test activities and events via the New Trading Platform information updates webpage

As IWT2 participants, customers are expected to:

Customers

Advise ASX of any issues/impediments as they occur.

Test API, in-house and ASX-provided software as required by their business model.

Confirm completion of IWT2 by email to ASX, outlining any issues experienced.

http://www.asx.com.au/services/ntp/new-trading-platform-information-updates.htm



2.2. Test Scenarios

The test schedule will include activities listed below. Customers should test the scenarios as applicable,

based on their own business requirements. The daily test schedule outlines the test scenario timings and

activities.

Spread ratio adjustments

Regulatory halts (Facilitate resting of price bands)

Option strike extensions

New futures expiry month listing

Facilitated Order and Trade cancellation

Public holiday scenarios

Ad hoc scenarios as required

Note: ASX prescribed scenarios are baseline tests and customers should test all additional scenarios as required by their individual business model.



3. Detailed Indicative IWT Schedule

3.1. IWT: Day 1 — 16 January 2017

Market Event Simulation

Time (AEST) Required Customer Action/s

YT/XT Spread Ratio

Adjustment to

33:10

ASX maintenance occurs

on trading business date 16

Jan

Change is live on trading

business date 17 Jan

Confirm Order entry prior to change

Confirm new Tradeable Instrument is visible

Confirm previous ratio no longer visible

Validate order entry and fills post change

AP Regulatory Halt 11.30am – First regulatory

halt simulation

11.30pm – Second

regulatory halt simulation

Prior to halt, enter order in AP Intra and AP-AM

inter-spreads

Confirm market halt for contract

Confirm receipt of Market Data Protocol (MDP)

Text Message (x) or FIX News message (35=B)

regarding Regulatory Halt and resumption time

Validate purge of any spread orders

Confirm removal of halt

Order/Trade

Cancellation

Available during day and

night sessions

Contact ASX Trading Operations providing

order/deal number to facilitate Trade and Order

cancellations

Verify resulting cancellation messages

T+1 cancellation not available



3.2. IWT: Day 2 — 17 January 2017



IR/YT Spread Ratio

Adjustment to

20:17


on trading business date 17

Jan Change is live on

trading business date 18

Jan



Validate order entry and fills

AM Regulatory Halt 11.30am – First regulatory

halt simulation

11.30pm – Second


Prior to halt, enter order in AM Intra and AP-AM

inter-spreads







Order/Trade

Cancellation


night sessions



cancellations





3.3. IWT: Day 3 — 18 January 2017



APH7 Strike

Extension

Upper range

extended to include

strikes from 70250

to 72000, inclusive

ASX maintenance occurs on trading


Change is live on trading business

date 19 Jan

Verify new strikes visible after

increment of trading business date

Validate order entry for new strikes

TY/TN Spread Ratio

Adjustment to 29:10

ASX maintenance occurs on trading


Change is live on trading business

date 19 Jan

Confirm new Tradeable Instrument is

visible



AP Regulatory Halt 11.30am – First regulatory halt

simulation

11.30pm – Second regulatory halt

simulation

Prior to halt, enter order in AP Intra

and AP-AM inter-spreads


Confirm receipt of Market Data

Protocol (MDP) Text Message (x) or FIX

News message (35=B) regarding

Regulatory Halt and resumption time



Order/Trade

Cancellation

Available during day and night

sessions

Contact ASX Trading Operations

providing order/deal number to

facilitate Trade and Order cancellations





3.4. IWT: Day 4 — 19 January 2017



YT/XT Spread Ratio

Adjustment to 34:10


on trading business date

19 Jan

Change is live on trading






halt simulation

11.30pm – Second


Prior to halt, enter order in AP Intra and AP-AM

inter-spreads







Order/Trade

Cancellation


night sessions



cancellations





3.5. IWT: Day 5 — 20 January 2017

Market Event Simulation Time (AEST) Required Customer Action/s

Order/Trade Cancellation Available during day and

night sessions

Contact ASX Trading Operations

providing order/deal number to facilitate

Trade and Order cancellations




halt simulation

Prior to halt, enter order in AP Intra and

AP-AM inter-spreads


Confirm receipt of Market Data Protocol

(MDP) Text Message (x) or FIX News

message (35=B) regarding Regulatory

Halt and resumption time



Failover test for all NTP FIX

Gateways

2.00pm: Half of the

primary FIX Gateway

Servers fail

2.30pm: Services restored

3.00pm: Second half of

the primary FIX Gateway

Servers fail

3.30pm: Services restored

**Saturday 1.00am: All

primary servers fail

Manage connectivity following gateway

failover tests

Report any issues to ASX

Note on Monday - all services revert to

normal configuration



4. Conclusion

Following the completion of IWT2, each customer is required to send an email confirming participation

results to [email protected].

Disclaimer

This document provides general information only and may be subject to change at any time without notice. ASX Limited (ABN 98 008 624 691) and its related bodies corporate (“ASX”) makes no representation or warranty with respect to the accuracy, reliability or completeness of this information. To the extent permitted by law, ASX and its employees, officers and contractors shall not be liable for any loss or damage arising in any way, including by way of negligence, from or in connection with any information provided or omitted, or from anyone acting or refraining to act in reliance on this information. The information in this document is not a substitute for any relevant operating rules, and in the event of any inconsistency between this document and the operating rules, the operating rules prevail to the extent of the inconsistency.

ASX Trade Marks

The trade marks listed below are trademarks of ASX. Where a mark is indicated as registered it is registered in Australia and may also be registered in other countries. Nothing contained in this document should be construed as being any licence or right to use of any trade mark contained within the document.

ASX®


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