Cash Market Readiness Newsflash | T7 Release 13.0: Xetra Midpoint simulation testing
Cash Market Readiness Newsflash | T7 Release 13.0: Xetra Midpoint simulation testing Cash Market Readiness Newsflash
With this Newsflash, we would like to remind you of some helpful features available in the Xetra T7 Release 13.0 Simulation environment regarding the Midpoint functionality planned to go live with the T7 Release 13.0 on 18 November 2024.
1. Xetra Midpoint Focus Days
Xetra is offering dedicated Midpoint Functional Focus Days. These will take place as follows:
- 17 October, 24 October, 31 October, 7 November and 13 November 2024
Please also refer to the T7 Release 13.0 simulation calendar for the daily availability of the T7 simulation.
Further details regarding the “Xetra Midpoint” Focus Days can be found in Chapter 5.2.2. of the T7 Release 13.0 Participant Simulation Guide located under www.xetra.com > Technology > T7 trading architecture > System documentation > Release 13.0 > Simulation
2. Scenario testing for Xetra Midpoint
We are encouraging users to test different scenarios in the Simulation environment. Therefore, the Exchange is providing midpoint orders available for matching in selected instruments as follows:
ISIN | Currency | Order Type | CLOB BBO | Midpoint order Qty | Price step (CLOB) | Resulting Midpoint |
DE0006972508 | EUR | Midpoint Buy Market Orders (no MAQ) and Standard Orders in CLOB | 15.20 – 15.45 | 1000 | 0.05 | 15.325 |
DE000A0EQ578 | EUR | Midpoint Sell Market Orders (no MAQ) and Standard Orders in CLOB | 5.76 – | 1000 | 0.02 | 5.81 |
DE000A0S8488 | EUR | Midpoint Buy Market Orders with MAQ and Standard Orders in CLOB | 17.06 – 17.16 | 1000 | 0.02 | 17.11 |
DE000A289B07 | EUR | Standard Orders in CLOB only | 26.80 – 27.80 | n/a | 0.2 | 27.30 |
DE0001644565 | EUR | Standard Orders in CLOB only | 38.20 – 39.20 | n/a | 0.2 | 38.70 |
BE0974293251 | Not eligible for Midpoint trading, can be used to test order rejections | |||||
Details are listed in Chapter 5.4 “Recommended Test Scenarios to be Executed by Participants” of the T7 Release 13.0 Participant Simulation Guide.
The entire T7 Release 13.0 Participant Simulation Guide can be found on the Xetra website www.xetra.com under the following path:
Technology > T7 trading architecture > System documentation > Release 13.0 > Simulation
3. Midpoint trading and Short Order Layout enhancements
Furthermore, we want to emphasize that the midpoint trading functionality fields MinQty (Tag 110) and MidPointType (Tag 30388), that were originally only part of the standard layouts, have been added to the short layouts which are now supported in the T7 Release 13.0 Simulation environment since 1 October 2024.
For further details please refer to Xetra Circular 036/24: T7 Release 13.0: Important enhancement of the ETI short order message layouts to support the Midpoint trading functionality.
If you have questions or require further information, please contact us via e-mail: client.services@deutsche-boerse.com.
Kind regards,
Your Client Services Team
Recipients: | All Xetra® Trading Participants and Vendors | |
Target groups: | Traders, Technical Contacts, Security Administrators | |
Contact: | Your Technical Key Account Manager via VIP number or cts@deutsche-boerse.com | |
Web: | www.xetra.com |