Euronext Cash Markets – Optiq Kinematics Specifications - v4.1.1

This document is about Cash Market Kinematics for Optiq Order Entry Gateway and Market Data Gateway messages.

Euronext Markets - Optiq OEG Client Specifications - SBE Interface - v4.1.2

This document sets out the client messages specifications for Optiq OEG using the SBE format.

OEG_BINARY_SBE_INPUT_303
OEG_BINARY_SBE_INPUT_103
OEG_BINARY_SBE_INPUT_102

This is the minimum version of SBE template accepted on the Cash-Production Platform.

Euronext Cash Markets - End Of Day Files Specifications - v1.3.8

This document describes the files generated on a daily basis by the Optiq for the End Of Day (EOD) application and provided to the members of the Euronext Cash regulated markets.

CLIENT ROADMAP_2020-2021
Derivatives trading Fees file - OPEJ3 - Specifications V1.2

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

Oslo Optiq OEG Derivatives_F2B_Conformance Test Script_Binary_FIX_Protocols-v1

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 of Oslo Derivatives markets to the Optiq platform.

Euronext Markets - Optiq OEG Client Specifications - SBE Interface - v4.1.1
Euronext Markets - Optiq OEG Client Specifications - FIX 5.0 Interface - v4.1.1 +TC
Euronext Cash Markets - End Of Day Files Specifications - v1.3.7

Euronext Cash Markets - End Of Day Files Specifications - v1.3.7

Euronext Markets - Optiq OEG Client Specifications - SBE Interface - v4.1.1 +TC
EURONEXT MARKETS – OPTIQ® OEG CONNECTIVITY SPECIFICATIONS - 2.2.2

Euronext Markets – OPTIQ® OEG Connectivity Specifications-2.2(for future use)

Euronext Markets - Optiq OEG Client Specifications - FIX 5.0 Interface - v4.1.1
Member guidelines for Disaster Recovery and Order Entry Security Enhancement Test 11 July 2020

Member guidelines for Disaster Recovery and Order Entry Security Enhancement Test 11 July 2020- Sequence of Steps explained in detail.

OEG_BINARY_SBE_INPUT_302
EURONEXT CASH MARKETS – OPTIQ KINEMATICS SPECIFICATIONS - V4.1.0+TC

This document is about Cash Market Kinematics for Optiq Order Entry Gateway and Market Data Gateway messages.(+ Track changes)

Euronext Markets - Optiq OEG Client Specifications - SBE Interface - v4.1.0

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.

Euronext Markets - Optiq OEG Client Specifications - FIX 5.0 Interface - v4.1.0

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

Euronext Markets - Optiq OEG Client Specifications - SBE Interface - v4.1.0 +TC

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.(+ Track changes)

Euronext Markets - Optiq OEG Client Specifications - FIX 5.0 Interface - v4.1.0 +TC

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.(+ Track Changes)

Euronext Markets - Optiq OEG Client Specifications - FIX 5.0 Interface - v4.2.0

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.

Euronext Markets - Optiq OEG Client Specifications - FIX 5.0 Interface - v4.2.0 +TC

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.(with track changes)

Euronext Cash Markets – Optiq Kinematics Specifications - v4.2.0 +TC

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. (with Track changes)

EURONEXT MARKETS - OPTIQ OEG CLIENT SPECIFICATIONS - SBE INTERFACE - V4.2.0

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.

Euronext Markets - Optiq OEG Client Specifications - SBE Interface - v4.2.0+TC

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.(with Track changes)

EURONEXT CASH MARKETS - OPTIQ KINEMATICS SPECIFICATIONS – V4.2.0

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.

Euronext Cash Markets – Optiq Kinematics Specifications - v4.1.0
OEG_Binary_SBE_Input_301
Structured Products Hybrid 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 – V5.0 (EFFECTIVE 1 JUNE 2020)

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.

OSLO OPTIQ TECHNICAL USER GROUP 2ND

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

Structured Products Market Model Enhancement – Configuration guidelines for Issuers v1.3

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

CLIENT ROADMAP 2020
How the market works - V4.0

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.

OPTIQ OEG ME THROTTLING CONFORMANCE TEST SCRIPT V1.1

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.

OEG_BINARY_SBE_INPUT_300
EURONEXT MARKETS - OPTIQ OEG CLIENT SPECIFICATIONS - SBE INTERFACE - V4.0.2

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.

EURONEXT MARKETS - OPTIQ OEG CLIENT SPECIFICATIONS - FIX 5.0 INTERFACE - V.4.0.3

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 descriptions.
Note: Euronext Block and Algomi are not in scope of this document.

EURONEXT CASH MARKETS - OPTIQ KINEMATICS SPECIFICATIONS – V4.0.1

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) for Euronext Cash Markets.

OEG_BINARY_SBE_INPUT_217

OEG SBE Template version 217 for the Oslo Migration

Oslo Børs - Guide to New Trading System - V3.0

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.

EURONEXT CONFORMANCE TESTING (BAU) AND ALGORITHM DECLARATION POLICY

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.

Oslo Optiq Technical User Group 1st

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

OPTIQ RELEASE NOTES 25112019

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

DERIVATIVES TRADING FEES FILE - OPEJ3 - SPECIFICATIONS V1.1

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

EURONEXT MARKETS – OPTIQ AND TCS ERROR LIST V2.2.1

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.

OPTIQ_NEXT_EUA_F2B_CONTRACTS_AVAILABLE 20191108

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.

OPTIQ OEG ME DERIVATIVES CONFORMANCE TEST SCRIPT BINARY FIX PROTOCOLS - V1.2

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.

OPTIQ RELEASE NOTES 25102019

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

MIGRATION GUIDELINES - V3.0

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.

OPTIQ OEG ME DERIVATIVES F2B CONFORMANCE TEST SCRIPT V1.1

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.

EURONEXT DERIVATIVES MARKETS – TRF CONVERSION PARAMETERS FILES SPECIFICATIONS - V1.7

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

EURONEXT MARKETS - OPTIQ OEG CONNECTIVITY SPECIFICATIONS V2.2.1

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. 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.

WHOLESALES TRADING / REQUEST FOR CROSS Technical Note

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.

TOTAL RETURN FUTURES (TRF) Technical note

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.

Implied Calculation On Euronext Derivatives Markets

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.

OPTIQ RELEASE NOTES 11092019

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

EURONEXT DERIVATIVES MARKETS – OPTIQ KINEMATICS SPECIFICATIONS - V1.1.0

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

Euronext Markets - Optiq Drop Copy Service - v2.0.0

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.

oeg_binary_sbe_input_204

OEG SBE Template version 204 for Optiq Derivatives phase 3.

Self-Trade Prevention Functional Overview v1.4

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.

Euronext Cash Markets - Optiq Drop Copy Service - v1.4.0

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.

OEG_BINARY_SBE_INPUT_203

OEG SBE Template version 203 for Optiq Derivatives phase 3.

Optiq Release Notes 23072019

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

Optiq Release Notes

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.

Cash Market Equities Instrument Migration Among Partitions V1.3

optiq_technical_note_cash_market_equities_instrument_migration_among_partitions.V1.2

SBE Template Version 116 - New features

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.

Euronext Markets – Optiq SBE Template Policy for the Migration of Derivatives Markets v1.0

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

Optiq Phase 3 Trading Schedule Summary
Optiq Phase 3 Tick Size Summary
Optiq Phase 3 Derivatives Spread Classes
SBE Template Version 110 - New features

This document provides you the exhaustive list of changes introduced by the implementation of the SBE Template 110 (versus SBE template version 107) on OEG and MDG messages, fields and values as well as the standing data files.

SBE template introduction and compatibility rules

Scope and audience: This technical note intends to provide general technical information about SBE and specify the SBE implementation on Optiq®.
This document is meant to familiarize developers who will work with SBE for the first time and remind others the current rules of implementation.

SBE Template Version 107 - New features

This dpocument provide you exhaustive list of changes introduced by the implementation of the SBE Template 107 (versus SBE template version 105) on OEG and MDG messages, fields and values as well as the standing data files. For an explanation of the changes.

Large-in-Scale features on the central Order Book overview 1.0

Euronext is introducing new Large-in-Scale (LiS) features on the Central Order Book. The service will create more opportunities to execute LIS orders, leveraging existing liquidity in the central order book. As soon as market participants implement the necessary modifications required to use the model, including conformance tests, they will immediately be able to benefit from the existing invisible liquidity. The new service is now available for testing on the External User Acceptance (P-EUA) test platform. The launch in Production is planned for the first quarter of 2019.

Euronext Cash Markets – Optiq OEG Throttling Mechanism v2.2

This document provides details of the throttling mechanism for the Optiq® Order Entry Gateways (OEG). This document is a supporting document for other technical specifications made available for Optiq, some of which are listed in the section Associated documents.

Euronext Cash Markets - OPTIQ® Drop Copy Service V1.2.0

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.

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.

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.

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 Technical note Timestamps

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

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.

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.