Saturn example of APA-ARM upload file

Sample file for Saturn APA ARM upload file

Saturn example of OBOE upload file

Sample file for Saturn OBOE upload file

Euronext Cash Markets – Optiq & TCS Error List - CSV format– v1.3.2

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.

Euronext Cash Markets - Optiq & TCS Error List – v1.3.2

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.

Euronext Derivatives Markets – Optiq MDG Client Specifications – v1.5.1

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

New Warrants & Certificates Market Model - Functional Overview

Euronext’s electronic trading platform hosts a Hybrid (Request For Execution) market model for Structured Products (incl. Warrants & Certificates and Structured Notes) formerly known as the New Warrants & Certificate market model or Quote Driven market model. This model has been developed jointly with market participants. The model presented below which manages trading of Structured Products using Liquidity Provider quotes has been approved by Euronext market authorities. On Euronext’s electronic trading platform, Optiq®, this market model is hosted on the dedicated Structured Products segment. Note that this segment also supports the trading of instruments using the Order Driven market model.

Structured Products Market Model - Functional Overview - Optiq - v4.0-2

Euronext’s electronic trading platform hosts a Hybrid (Request For Execution) market model for Structured Products (incl. Warrants & Certificates and Structured Notes) formerly known as the New Warrants & Certificate market model or Quote Driven market model. This model has been developed jointly with market participants. The model presented below which manages trading of Structured Products using Liquidity Provider quotes has been approved by Euronext market authorities. On Euronext’s electronic trading platform, Optiq®, this market model is hosted on the dedicated Structured Products segment. Note that this segment also supports the trading of instruments using the Order Driven market model.

CCG Client Specifications – FIX 5.0 Interface

This document sets out the message specifications for the Common Customer Gateway for Derivative markets (CCG-D) using the FIX 5.0 format. More specifically, it describes the structures of the technical, administrative and market data messages and a precise definition for any field part of these message structures. Any message is composed by one header, one body, one trailer. The description of the CCG Derivatives protocol herein addresses all derivative-related trading engines.

Euronext Derivatives Markets - UTP Developer Guidelines - v1.2

This document provides guidelines on how to write effective and efficient applications using the UTP protocols for Order Entry (Binary or FIX 5.0) and Market Data (XDP). It is important to be aware that this document is not a replacement for, but rather a complementary document to the UTP Reference Manuals (see related documentation below). Most of the points raised in this document are concerned with the most efficient, or Exchange friendly way of performing various tasks, and the Exchange requires application developers to adopt the recommendations given where relevant.

CCG Client Specifications - Binary Interface

The purpose of this document is to set out the message specifications for the Common Customer Gateway for Derivative markets (CCG-D) using the binary format. More specifically, it describes the structures of the technical, administrative and market data messages and a precise definition for any field part of these message structures. Any message is composed by one header, one body, one trailer. The description of the CCG Derivatives protocol herein addresses all Euronext derivative-related trading engines.

Euronext Cash Markets - Optiq TCS Client Specifications – SBE and FIX 5.0 Interface v1.4.1

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

Euronext Cash Markets - Optiq High Availability and Business Continuity v1.2.0

The Optiq Order Entry Gateway (OEG) provides high-speed and real-time connection to the Exchange markets. This document provides information about the High Availability (HA) and Business Continuity mechanisms for the trading chain implemented in Optiq and details of:

■ high availability and business continuity facilities supported by the Optiq trading chain

■ features of the trading chain that support client’s ability to:

– manage their sessions in cases of trading chain recovery,

– resynchronize with the Exchange if required

■ recommended practices in different cases of failure

The scope of this version of the document covers high availability and Exchange business continuity for the Cash markets hosted on Optiq.

Optiq OEG ME Cash Conformance Test Script Binary FIX Protocols v1.3

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 Cash Markets - Optiq Kinematics Specifications – v1.3.1

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). It includes:

■ Typical trading scenarios and the corresponding public and private messages for these scenarios, and the different cases they may cover;

■ The names and IDs of the messages sent;

■ The events that trigger the transmission of messages.

This overview is meant to provide a description of the main structures and concepts used within this document, to facilitate the review of the individual topics and cases covered within.

The messages that are sent between trading members and Optiq are referred to as private messages whereas the messages that are sent by the external broadcasting systems are referred to as public messages.

Private messages are exchanged exclusively between the clients’ system and the Optiq matching engine via order entry gateways, for example to request information from the system or to issue a command (e.g., enter an order). Private messages are also sent back by Optiq via order entry gateways (OEGs) to the client’s system to provide the information requested, or confirm that a command has been successfully executed (or not), as well as to notify of trades, etc.

Public messages are sent by Optiq via MDG to provide to all subscribing clients with anonymized Market data, such as orders entered, best limits, trades executed, market events, updated limits, etc.

The diagrams in this document express representative examples of message sequences and other scenarios can be figured out from the ones described inside that document. The details of the message contents may vary depending on the example.

The diagrams also endeavour to represent as close to reality as possible the sequence in which events and steps occur, and messages are sent. This introduction provides indication when such cases are not feasible to represent faithfully due to complexity of graphical representation.

For a complete description of the messages and their fields, please refer to the associated document:

■ Optiq Order Entry Gateway Messages Specifications SBE;

■ Optiq Order Entry Gateway Messages Specifications FIX;

■ Optiq Market Data Gateway Messages Specifications.

Euronext Cash Markets - Optiq OEG Client Specifications - FIX 5.0 Interface - v1.3.2

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.

Euronext APA and Synapse - Optiq MDG Client Specifications - v1.2.1

The purpose of this document is to describe all the technical and application messages (APA and Euronext Synapse) of Market Data Gateway (MDG) i.e. Technical messages (Start of day, End of day and Health Status), Referential messages (for quotes and for trades), application messages (APA quotes and APA full trade information) and Snapshot messages and all the related features for those messages i.e. Snapshots (message recovery), Compression (market data packet for low bandwidth connections), Shaping (bandwidth optimization), Gap detection (packet loss recovery), System failures trade, Quote retransmission (outbounded messages rebroadcasting) and Health status Production timetable (list of events during the trading day).

Euronext Cash Markets - Optiq Self-Trade Prevention (STP) Functional Overview – v1.3

Self-Trade Prevention (STP) has been introduced on Euronext’s Cash Markets to allow Member Firms acting as Liquidity Providers to avoid trading with themselves. The STP mechanism allows customers to avoid unintentional self-trading that results from the matching of two opposite orders 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 the Account Type of Liquidity Provider (LP). In the event that two opposite LP orders belonging to the same Member Firm 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.

Optiq OEG Step 2 Conformance test guidelines_20180129_v1.1

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

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

Euronext Cash Markets - Optiq OEG Connectivity Configuration specifications - v1.1.1

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. This document is a supporting document to the interface technical specifications.

EURONEXT APA/ARM SERVICES - Functional Overview Version 3.0

This document describes the Euronext Global Reporting Solution concerning the Euronext APA/ARM Services as well as the transaction modalities for Euronext Members not subject to MIFIR and the Cleared OTC Trade Facility. The objective is to give an overview of the services and functionalities. For more detailed information Market participants have to refer to the related documentation described below.

Optiq Technical note Timestamps

This document provides additional information related to time stamps for Optiq OEG.

MIFID II Guidelines - Provision of data for Transaction Reporting and Order Record Keeping

This purpose of this document is to provide guidance to Euronext Clients on the application of the requirements for Transaction Reporting (RTS 22) and Order Record Keeping (RTS 6), for the activity conducted on Euronext Regulated Markets.

Euronext Cash Markets - OEG Cancel on Disconnect (CoD) Functional - Overview v1.1

This document describes the (Auto-Mass) Cancel on Disconnect feature in Optiq. This functionality is made available on all Optiq Segments of Cash Market, and is available for management by clients for individual submitted order messages. This document provides a general description of the functionality, how it works and how it behaves in different situations of day-to-day operations and business continuity cases.  Note: This document is for informational purposes only, and should be consulted alongside its associated documents, as outlined below.    Optiq Support Desk Tel: +33 1 70 48 25 55

Email: optiq@euronext.com 

MiFID II Technical Note – Introduction to the MiFID II technical changes – v4.0 – Derivatives

The purpose of this technical note is to provide general information about the MiFID II technical changes on UTP Derivatives. More specifically, this document aims to describe the MiFID II technical changes with regards to new fields in order entry messages and familiarise developers with how to implement these changes for the respective order entry interfaces.

TradeManager – 1.8.xsd (Schema File) – MiFID II

TradeManager – 1.8.xsd (Schema File) – MiFID II

TradeManagerAPI – 1.8.wdsl (Web Service File) – MiFID II

TradeManagerAPI – 1.8.wdsl (Web Service File) – MiFID II

Conformance Script- CCG-Light MIFID-II (FIX and Binary)-v1.2

The purpose of this document is to provide customers with a description of the UTP-Derivatives MiFID II order entry conformance script, with scenarios for functional data conformance tests using the new MiFID II fields. Conformance testing will begin on 11 September 2017 on the P-EUA environment until 27 October 2017.

CCG Error List – v1.11.0 - MiFID II release

This document provides the list of errors that can be issued from the UTP Matching Engine upon receipt of request messages. Indeed, when the Matching Engine receives a request, it performs several checks on this incoming request message, and may reject it. When it does, the error is identified in the response message sent back by the Matching Engine by an error code together with an associated text in the Text [58] field.

Conformance Guidelines – CCG- Light- MIFID-II ( FIX and Binary )

The purpose of this document is to provide customers with a detailed description of the guidelines to follow for testing UTP-Derivatives order entry with the new MiFID II fields.

Conformance Guidelines

This document provides guidelines on how to test applications against Euronext’s Optiq Market Data Gateway (MDG) publisher. The document outlines all required conformance steps, the organization of tests, the testing timelines.

CCG Binary Header file - 1.8 - MiFID II

Derivatives CCG Binary Header file - MiFID II

OPTIQ Technical note Market Data High Availability

This document provides additional information related to session management, order management, MDG high availability and Exchange business continuity.

OPTIQ Technical Note Optiq File Services

This technical note intends to provide general technical information about Euronext’s File Services (EFS), a file service mechanism that will be used during the implementation of OPTIQ.

Conformance Script RiskGuard vs1.2

This document details the test cases to be performed by the client in order to certify its trading software following the RISKGUARD implementation on the EURONEXT Cash and Derivatives markets.

Euronext RiskGuard FIX 5.0 API, v4.0.1 - Future release

This document sets out the message specifications for the Common Customer Gateway for Derivative markets (CCG-D) using the FIX 5.0 SP2 format. More specifically, it describes the structures of the technical, administrative and application messages for the CCG Euronext RiskGuard (ERG) Functionality. The description of the CCG Derivatives protocol herein addresses all Euronext derivative-related trading engines.

OPTIQ Technical note MDG Snapshot

This technical note intends to provide general information about the Snapshot Service for Optiq MDG. Describing the Snapshot kinematics, this document aims to familiarize developers how to implement this recovery functionality in their feed handler to recover from packet loss, or in case of an intraday/late start.

Conformance Script – Request for Cross

This document details the test cases to be performed by the client in order to certify its trading software for the Request for Cross functionality implemented on the Euronext Derivatives markets .

OPTIQ Technical note LZ4

This technical note intends to provide general technical information about LZ4 compression on Optiq®.

Euronext RiskGuard User Guide for Members V2.0

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 Trading Member firms acting as ‘RiskGuard Members’. It provides a description of all the risk controls and additional features available through the RiskGuard User Interface to monitor their firm’s and client’s risk.

Euronext RiskGuard FIX 5.0 API, v4.0.0

This document sets out the message specifications for the Common Customer Gateway for Derivative markets (CCG-D) using the FIX 5.0 SP2 format. More specifically, it describes the structures of the technical, administrative and application messages for the CCG Euronext RiskGuard (ERG) Functionality. The description of the CCG Derivatives protocol herein addresses all Euronext derivative-related trading engines.

Exchange For Physical - Functional Overview - v1.3

An Exchange for Physical (EFP) is a transaction involving the simultaneous exchange of a futures position for a basket of shares.

EFPs based on index futures are transactions made on the basis of the difference between the index futures price and the spot price of the index. Currently, the futures leg of these transactions can be reported on Euronext’s Basis Trade Facility, with reference to a cash leg. Euronext’s new Exchange for Physical Facility enables members to trade EFPs on the CAC 40® and AEXIndex® by simultaneously exchanging index futures for the corresponding basket of underlying component securities of the index. The new EFP solution will be available for trading in a regulated environment by means of a transparent central order book supported by a liquidity-providing scheme. Trading of EFPs takes place by means of a fully automated straight-through-process, eliminating operational burdens and facilitating post-trade reporting obligations. In addition, it reduces execution risk thanks to the guarantee of the central counterparty.

Euronext Overview of Market Making Functionalities V 2.3.0

Euronext offers to market participants a range of liquidity provider incentive programs tailored to each market (Paris, Amsterdam, Brussels and Lisbon) and aimed at improving on-screen liquidity. Specific functionalities have been implemented within the UTP Matching Engine to support these programs:

■ Market Making Orders (Mass Quotes)

■ Market Maker Protections

These features are only available via the CCG Binary interface to designated Market Makers. This document provides a functional overview of the Market Making functionalities to Members intending to develop an application using the Binary Interface to the Common Customer Gateway (CCG).

Conformance Script - CCG - Full - v1.3

This document describes the full conformance test script for order entry on UTP-D

Conformance Script - CCG - Drop Copy - v1.1

This document describes the drop copy conformance test script for UTP-D

The primary audience for this document are Member Developers and/or ISV’s who want to conform their application/software for drop copy on UTP-D . The drop copy conformance test is mandatory before access to drop copy is granted on the production environment.

TCS Web Access - User Guide v4.0

This document describes how to use the TCS (Trading Confirmation System), which is a Euronext web-based application for the publication and reporting functions that are available to TCS trading members.

Conformance Script - CCG - Light vs1.0

This document details the test cases to be performed by the client in order to certify its trading software for CCG Order Entry for EURONEXT Derivatives markets.

NAV Trading Facility: TCS message flows, rules and details of the market model

Global overview of the application message flow exchanged between SLEs and Euronext’s Trade Confirmation System (TCS), and the associated broadcast messages; main rules and particularities associated with this model.

TCS Funds trading – NAV Trading facility v2.2

The purpose of this document is to describe how to use the TCS functions for funds that are available to TCS trading members and fund managers through the TCS-Web Interface.

Conformance Script - CCG - Failure & Recovery - v1.6

This document provides details of the high availability and business continuity for the UTP® trading chain components, including features and elements associated to the Common Customer Gateways (CCG) for the Exchange’s Cash Markets.

CCG Provisioning Guide for Members - V1.0

This document details the steps required to be provisioned with production access to the NYSE Liffe Common Customer Gateway (CCG).