IT Documentation

OPTIQ NOTICE CASH – LAUNCH OF DUBLIN BOND & FUND FEED ON OPTIQ MDG

The purpose of this document is to provide:
- A global overview of the application messages exchanged between Order Entry Connections (Logical Accesses) and Optiq’s Matching Engine (ME), and the associated publicly broadcast market data messages;
- The main rules and particularities associated with this model; -
The enhancements to the model implemented with the migration to Optiq;
with the objective to allow all market participants to gain a better understanding of the model.

The second Oslo Optiq Technical User Group presentation that was held as a webcast.

The purpose of this document is to describe all the specifications of Optiq® Market Data Gateway.

This document sets out the client messages specifications for Optiq OEG using the SBE format. More specifically, it describes the contents of administrative and application messages and provides detailed field descriptions.

MDG_BINARY_SBE_INPUT_301

The purpose of this document is to describe all the specifications of Optiq® Market Data Gateway.

This document sets out the client messages specifications for Optiq OEG using the FIX 5.0 format. More specifically, it describes the contents of administrative and application messages and provides detailed field descriptions.
Note: Euronext Block and Algomi are not in scope of this document.

The purpose of this document is to describe all the specifications of Optiq® Market Data Gateway.

This specification document is related to the Euronext Saturn Web Services, part of Euronext’s Reporting Services. Saturn offers a REST API which is used to access the services of the gateway. The purpose of this document is to describe the technology and the supported messages.

This document outlines the migration guidelines for Phase 1 of Euronext’s Optimized Structured Products Market Model and New Segment on Euronext Access Paris. Revisions of this document will be made available as Euronext delivers more features of the project and information/requirements can be shared with our clients

The intended audience of this document is any client intending to connect to and trade on the Oslo Børs markets using Optiq® and or Saturn OBOE features.

LATEST INDICATIVE EURONEXT PROJECT ROADMAP FOR 2020

The purpose of this document is to provide customers with a description of the Optiq order entry conformance script, with scenarios for connectivity, functional data conformance and high availability tests for Euronext Cash markets.

The purpose of this document is to provide customers with a description of how Throttling tests works for the Euronext Cash and Derivatives markets on Optiq platform.

The purpose of this document is to provide description of main functionalities and services offered by Optiq for Euronext Derivatives markets. This document strives to provide for each identified functionality or service the following elements:

1) Why it is present in our Market

2) Description of the service and its principles

3) Examples, where possible, of its use

4) Advantages & benefits of the services as well as recommendation of use

The aim of the document is to provide a practical overview of functionalities and approaches to Derivatives trading in Optiq. At the end of the document technical and architectural topics are also covered to provide a general overview. This document is the view of the expected implementation of Optiq for Derivatives markets. This document will be updated with further information providing additional details1 . In case of any functional changes they will be highlighted and communicated to clients in due course. A number of functionalities described in this document are subject to regulatory approval, and confirmation of implementation will be provided in due time.

This document sets out the client messages specifications for Optiq OEG using the SBE format. More specifically, it describes the contents of administrative and application messages and provides detailed field descriptions.

OEG SBE Template version 217 for the Oslo Migration

This document sets out the client messages specifications for Optiq OEG using the FIX 5.0 format. More specifically, it describes the contents of administrative and application messages and provides detailed field descriptions.
Note: Euronext Block and Algomi are not in scope of this document.

This document provides an overview of the exchange of messages between the Optiq Order Entry Gateway (OEG), the clients’ systems and the Market Data Gateway (MDG) for Euronext Cash Markets.

The purpose of this document is to describe all the file specifications required for trading on Optiq®.

MDG SBE Template version 300

MDG SBE Template version 217 for the Oslo Migration

OEG SBE Template version 300

The purpose of this document is to describe all the specifications of Optiq® Market Data Gateway.

This document has been produced by Oslo Børs to assist customers in the use of the Optiq® platform on the Oslo Børs market places. Part of the documentation is based on documentation from Euronext.

This document provides all multicast addresses required to access the Euronext Optiq® Market Data Gateway External User Acceptance (EUA).

This document provides all multicast addresses required to access the Euronext Optiq® Market Data Gateway External User Acceptance (EUA).

This document details the Euronext policy and accompanying procedures for
(i) any party involved in developing, testing or deploying in-house or ISV (independent software vendor) trading applications that interoperate with the Euronext Trading Platform;
(ii) ISVs who develop, test and deploy trading applications that interoperate with the Euronext Trading Platform;
(iii) Application Service Providers (ASP) and hosted solutions that enable use of the Euronext Trading Platform; and
(iv) any party involved in using algorithms for trading purposes.

The first Oslo Optiq Technical User Group presentation that was held in Oslo, Stockholm, and London.

Euronext hereby confirms that enhancements to its Optiq® OEG throttling mechanism for Euronext Cash segments will be effective in production as of Monday 27 January 2020.

Euronext will enhance its Optiq® OEG throttling mechanism for Euronext Cash segments. The queuing capacity will be increased for Optiq Cash OE sessions set up in queuing mode to allow up to five times the session throughput. These changes will be effective in production as of Monday 27 January 2020. This change is now available for client testing in PEUA.

This document sets out the client connectivity configuration specifications for Optiq® Order Entry Gateways (OEG). It describes the sources of data for connectivity, manner in which clients should attempt to connect to the OEGs. Additionally, this document contains the details of Cancel on Disconnect service, OEG Throttling, and High Availability & Business Continuity functionalities. This document is a supporting document to the interface technical specifications.

This documentation details the rules of the new SLC component named SLC Checker in the SLC module and the corresponding error messages.

EURONEXT DERIVATIVES MARKETS – OPTIQ® RELEASE NOTE FOR MIGRATION IN PRODUCTION

This document provides detailed information regarding the design of the daily derivatives trading fees OPEJ3 file.

This document provides the list of errors that can be issued by the Optiq® Matching Engine upon reception of incoming private messages, occurrence of client or exchange business continuity conditions and also the errors that are issued by the Trade Reporting & Publication services.

The current list of supported products in Next EUA (p-EUA) for front-to-back testing with LCH can be found here . Please note that some contracts will expire between now and Go Live, and others may be created in the meantime. Information on the expiry date is provided in the file in attachment.

This document provides all multicast addresses required to access the Euronext Optiq® Market Data Gateway Production and Disaster Recovery (DR).

This document provides all multicast addresses required to access the Euronext Optiq® Market Data Gateway External User Acceptance (EUA).

The purpose of this document is to provide customers with a description of the Optiq order entry conformance script, including scenarios for connectivity, functional data conformance and high availability tests for the Optiq Phase 3 of the migration of Euronext Derivatives markets to Optiq.

This document describes the features and services, known limitations, as well as changes brought by the Optiq release.

This document outlines the migration guidelines for Phase 3 of Euronext’s implementation of Optiq: Order Entry Gateway (OEG) and Matching Engine (ME) for Euronext Derivatives markets, as well as the changes required to the Market Data Gateway (MDG) on Euronext Derivatives markets.

The purpose of this document is to provide members with the Optiq Order Entry Front-to-Back Conformance script that includes scenarios and detailed tests for various clearing instructions that are to be performed in preparation for the migration to Optiq of the Euronext Derivatives markets.

This client specification document is related to the Euronext Saturn Web Services, part of the Euronext Global Reporting Solution dedicated to answer the MiFID II reporting and publication requirements. Saturn offers a REST API which can be used to access the reporting services. The purpose of this document is to describe the technology and the supported messages for Commodity Position Reporting requirements under MiFID II

This document sets out the file format specifications for Total Return Futures Conversion Parameters files and provides detailed field descriptions.

This document sets out the client connectivity configuration specifications for Optiq® Order Entry Gateways (OEG). It describes the sources of data for connectivity, manner in which clients should attempt to connect
to the OEGs. Additionally, this document contains the details of Cancel on Disconnect service, OEG Throttling, and High Availability & Business Continuity functionalities.
This document is a supporting document to the interface technical specifications.

Euronext will enhance its Optiq® OEG throttling mechanism. The queuing capacity will be increased for sessions set up in queuing mode to allow up to five times the session throughput. These changes will be effective in production as of Monday 14 October 2019. This change will be available on Friday 04 October 2019 for client testing in EUA.

The purpose of this document is to provide useful information about Wholesales Trading on Optiq Derivatives focusing on the different kinematics offered to market participants and the related structures of the New Wholesale Order message.

The purpose of this document is to provide useful additional information to developers about trading facilities for the Total Return Futures (TRF) Contract on Optiq Derivatives.

Euronext confirms that the Disaster Recovery (DR) test for its Cash Markets will take place in Production on Saturday 21 September 2019. The guidelines for this Disaster Recovery (DR) test are now available.

The objective is to simulate real life scenario that the trading architecture and Disaster Recovery Plan are fully operational within the targeted time frame.
The Euronext Disaster Recovery test will take place on Saturday 21 September 2019.
Euronext recommends that all customers take advantage of this service, however the test is not mandatory.

The purpose of this document is to provide useful information on strategy implied, with a special focus on
how third-parties applications can derive implied volume on Optiq based on the information provided.

This document describes the features and services, known limitations, as well as changes brought by the Optiq release.

The purpose of this document is to describe all the file specifications on Optiq®.

The purpose of this document is to detail Kinematics for Optiq Order Entry Gateway and Market Data Gateway messages.

This document sets out the client messages specifications for Optiq OEG using the SBE format. More specifically, it describes the contents of administrative and application messages and provides detailed field descriptions.

OEG SBE Template version 204 for Optiq Derivatives phase 3.

The purpose of this document is to describe all the specifications of Optiq® Market Data Gateway.

Drop Copy is a service, providing near real-time copies of trade reports & order messages, usually used
by for risk management, back-offices and compliance teams.
Clients require a dedicated connection to receive Drop Copy messages, which can be setup with
configuration that fits their needs.
The scope of data in Drop Copy could provide client messages for various Logical Accesses, for one, or
across different Optiq Segments.

Self-Trade Prevention (STP) has been introduced on Euronext’s Markets to allow Member Firms performing
specific types of activities (e.g. Market Makers) to avoid trading with themselves.
The STP mechanism allows customers to avoid unintentional self-trading that results from the matching of
two opposite orders1 on the same instrument, of the same Member Firm (i.e. with the same Member
Code). The mechanism applies to orders that are submitted via private messages (SBE or FIX) with specific
Account Types.
In the event that two opposite orders belonging to the same Member Firm, and applicable account type,
would match against each other, the mechanism cancels either the resting or the incoming order,
depending on the STP Type chosen.
If STP Type chosen is “Cancel Resting”, then the system enters the incoming order of the possible match,
into the central order book.
If STP Type chosen is “Cancel Incoming”, then no changes occur in the central order book and the incoming
order is rejected.

MDG SBE Template version 204 for Optiq Derivatives phase 3.

This document sets out the client messages specifications for Optiq OEG using the FIX 5.0 format. More specifically, it describes the contents of administrative and application messages and provides detailed field description

Drop Copy is a service, providing near real-time copies of trade reports & order messages, usually used by for risk management, back-offices and compliance teams

Clients require a dedicated connection to receive Drop Copy messages, which can be setup with configuration that fits their needs.

The scope of data in Drop Copy could provide client messages for various (or all of their) Logical Accesses, for one, or across different Optiq Segments.

This version of the document covers activity on the Cash market only, that are in scope of Phase 2 of the migration to Optiq.

This Dress Rehearsal will allow customers to test the target Production implementation of the new implementation of SBE Template version 116 ahead of the implementation on Monday 9 September 2019.

OEG SBE Template version 203 for Optiq Derivatives phase 3.

MDG SBE Template version 203 for Optiq Derivatives phase 3.

Euronext informs customers that a new version of the Saturn Regulatory Reporting Solution is available in P-EUA with the production released in July 2019.
This release of Saturn covers the new “Transaction Recovery” functionality.

Short and long code mapping submission process to Euronext Saturn for purposes of Order Storage
under MiFID II

This document provides the details that will allow customers to perform the mandatory connectivity telnet tests to Optiq Order Entry Gateway (OEG) in the various environments.

This document describes the effective functional and operational elements through which the services described in “How the Market Works” are delivered on Optiq.
This document relies on the same structure as that of “How the Market Works” (HTMW) document.
Any known technical or functional limitations, caveats or outstanding defects of the delivered features are individually indicated in this documen

This document provides guidelines on how to test customers’ applications against Euronext’s Optiq® Order Entry Gateway (OEG) and Matching Engine (ME) for Derivatives markets.

This document outlines all conformance steps required, how tests are organized, and testing timelines.

This document details the Referential Data HTTPS Server for Euronext, to be used in conjunction with the Optiq MDG Client Specifications.

The Servers provide full referential data for the Euronext markets, as well as feed configurations and intraday trades with their MiFID II flags. Users of the Euronext market data feed should use the Servers to:

- Configure feed connections every day.

- Support the referential data that is disseminated on the feed.

- Complete their list of trades.

This document sets out the client messages specifications for Optiq OEG using the FIX 5.0 format. More specifically, it describes the contents of administrative and application messages and provides detailed field descriptions.

Note: Algomi is not in scope of this document.

UPDATE OPTIQ NOTICE SBE TEMPLATE VERSION 116 IN NEXT EUA & SATURDAY DRESS REHEARSAL

This document describes the features and services, known limitations, as well as changes brought by the Optiq release. The content of the document is closely related to the “Euronext Derivatives – How the Market Works” document, which describes how Euronext Derivatives Markets are operated on Optiq.

EURONEXT DERIVATIVES CCG IP CONFIGURATION FOR UTP-D V-EUA

Euronext will execute an Optiq® overnight instruments migration among partitions on the Cash Market Equities segment. Several Cash Equities instruments will be moved from one partition to another one

optiq_technical_note_cash_market_equities_instrument_migration_among_partitions.V1.2

Euronext will execute an Optiq® overnight instruments migration among partitions on the Cash Market Equities segment. Several Cash Equities instruments will be moved from one partition to another one. This change will be effective in production as of Monday 08 July 2019. Clients are requested to read carefully the present notice to assess their readiness for this change and in case of any doubt they are strongly encouraged to contact OCS before Tuesday 18 June 2019 in order to get assistance.

Euronext informs clients that the SBE templates for OEG and MDG(order entry and market data) will be updated on version 116 in EUA Next Environment (pEUA) on 19 June 2019 for the Fixed Income segments and on 21 June 2019 for the remaining segments.
Additionally, A dress rehearsal is planned to take place on Saturday 20 July 2019

The Euronext Optiq Market Data Gateway (MDG) provides high-speed, real-time market data for Euronext markets.

The data feed has the following high-level features:

■ Multicast technology

■ Ultra-low latency

■ MiFID II compliance

■ Cash & Derivatives message harmonization

■ Optimized feed for each type of connectivity

■ High availability

■ Reliable network solution

■ High level of scalability

■ Access to a wide range of European market data sets

This document provides detailed information about the features of the feed to support the development of client applications.

This document details the Referential Data HTTPS Server for Euronext, to be used in conjunction with the Optiq MDG Client Specifications.

The Servers provide full referential data for the Euronext markets, as well as feed configurations and intraday trades with their MiFID II flags. Users of the Euronext market data feed should use the Servers to:

- Configure feed connections every day.

- Support the referential data that is disseminated on the feed.

- Complete their list of trades.

This document sets out the client messages specifications for Optiq OEG using the FIX 5.0 format. More specifically, it describes the contents of administrative and application messages and provides detailed field descriptions.

Note: Algomi is not in scope of this document.

This document sets out the client messages specifications for TCS Optiq OEG using the SBE and FIX formats.

This document provides you the exhaustive list of changes introduced by the implementation of the SBE Template 116 (versus SBE template version 109) on OEG and MDG messages, fields and values as well as the standing data files.

This document sets out the client messages specifications for Optiq® OEG using the SBE format. More specifically, it describes the contents of administrative and application messages and provides detailed field descriptions.

This document intends to provide general technical information about Euronext Markets – Optiq® SBE Template Policy for the Migration of Derivatives Markets

Euronext RiskGuard is a pre-trade risk management service providing Risk Managers at Clearing or Trading Member firms of Euronext the ability to monitor their clients' or firm's risk exposure. This document describes how to set and amend the different pre trade risk controls available through the Euronext RiskGuard web-based User Interface (UI).

This version of the User Guide is dedicated to clearing participants acting as ‘RiskGuard Clearers’. It provides a description of all the risk controls and additional features available through the RiskGuard User Interface to monitor their NCMs’ customers.

Optiq Notice - Euronext Cash Markets - Sbe Template Version 116 - Saturday Dress Rehearsal

Optiq Phase 3 Derivatives Spread Classes

Optiq Phase 3 Trading Schedule Summary

Optiq Phase 3 Tick Size Summary

Euronext informs about the go-live dates of the SBE template version 109 implementation in Production: Monday 6 May 2019.

The go live date in Production for the SBE Template version 109 will cover the following segments: Equities, Warrants & Certificates, Fixed Income, Bourse du Luxembourg and Index

Euronext informs that the SBE template version 109 go-live in Production has been rescheduled.

The go live date in Production for the SBE Template version 109 is postponed for the time being for the following segments: Equities, Warrants & Certificates, Fixed Income, Bourse du Luxembourg and Index.

The Optiq Programme will replace the current Euronext core trading applications (UTP/CCG/XDP) for the Cash (Regulated Market and Warrants) and Derivative markets. Following customer feedback, the migration to Optiq will start with the Market Data module for Cash and
Derivatives. As such, the new Optiq MDG will be connected to the Euronext Cash and Derivatives UTP matching engines in phase 1, and then to the Optiq matching engines for Cash (phase 2) and then Derivatives (phase 3)

The TRF Conversion Parameters files provide the following data to the members on a daily basis:
■ Contract referential data: Contract code, Maturity, Number of days to expiry, Daily Settlement Price,etc.
■ Pricing of Funding leg and Dividend leg: Daily accrued funding, Daily accrued dividend, Accumulated funding, Accumulated dividend, etc.

Euronext’s UTP has a built-in protection mechanism that restricts the total number of messages (of all types) that a trading session can submit per second. In UTP-Derivatives, each session on the Common Customer Gateway (CCG) has a session limit of 100 msgs/s. Next to that, an inbound order throttle can be set at an individual contract level or for some contracts (product group). If the throttle for a contract is set to n messages per second, then the Trading Host will allow a maximum of n messages per second in a certain second for an ITM for that contract.

The purpose of this document is to provide customers with a description of the Optiq order entry conformance script, with scenarios for connectivity, functional data conformance and high availability tests for the Phase 2 of the migration to Optiq covering the Euronext Cash markets. Please note that the DR(disaster recovery) testing will be detailed in a future version. 

Euronext informs its customers that the SBE templates used for order entry and market data on all Euronext Cash Market Segments will be upgraded to version 109. Only Euronext Block Segment will remain on version 110.