Currency Derivatives Segment
Market Operations - Trading Department
Circular No.: MCX-SX/TRD/730/2012 |
March 14, 2012 |
Sub: Mock Trading on Saturday, March 17, 2012
In terms of provisions of the Rules, Bye-Laws and Regulations of the Exchange, members are notified as under.
As a part of our continuous endeavor to enhance system performance and introduce new functionalities, the Exchange is planning to implement a new version of trading software (MCX-SX Member Admin Terminal 11.0 and MCX-SX Trader Workstation 11.0). To familiarize members with new version of Member Admin (MAT) and Trader Workstation (TWS), the Exchange will be conducting a Mock Trading session on Saturday, March 17, 2012.
Schedule for Mock Trading Session:| Particulars | Timings |
| Log-in time | 10.00 am onwards |
| Mock trading timing | 10.30 am – 12.30 pm |
| Trade modification end time | 12.45 pm |
| Give-up approval end time | 12.45 pm |
| Particulars | Timings |
| Live Re-login start time | 1:30 pm |
| Live Re-login close time | 2:00 pm |
Members may note that the trades resulting from such mock trading will not attract any margin obligation, pay-in and pay-out and do not create any rights and liability on members.
The outcome of the Mock Trading Sessions shall be intimated to members through a message broadcast during re-login time as per the above schedule.
Procedure for downloading the files for participating in mock trading is specified in Annexure 1 and write up on the new functionalities is given in Annexure 2
Members are requested to take back up and download the reports of mock trading from the SFTP (Extranet) server and verify reports generated from mock trading with their modified back office software as per the revised file format detailed in circular no. MCX-SX/IT/728/2012 dated March 12, 2012.
Members using CTCL facility are requested to actively participate in the mock trading session using CTCL software as per the Non FIX API version 11.12 and FIX API version 11.24.
Members are requested to take note of the same.
For any clarifications, contact Customer Service Desk on 022-67319010 or send email at customerservice@mcx-sx.com
For and on behalf of
MCX Stock Exchange Limited
Ayanansu Panda
Asst. Vice President
Encl: As above
MCX Stock Exchange Limited
2nd Floor, Exchange Square, Suren Road, Chakala, Andheri (East), Mumbai
- 400 093
Tel.: 022 – 6731 9010 , Fax: 022 - 6726 9578
Website: www.mcx-sx.com,
email: customerservice@mcx-sx.com
| Steps for downloading files for participating in Mock Trading. | |||||||||
| a) | Members are advised to log-in to the Member Administrator Terminal (MAT) and Trader Workstation (TWS) with the same user id and password as being used in the Live environment | ||||||||
| b) | For Internet, Lease Line & VSAT users | ||||||||
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| c) | CTCL users | ||||||||
| Necessary updates will be provided to member by their CTCL vendors. | |||||||||
| Annexure-2 | |||||||||
| New Functionalities: | |||||||||
| 1. | Product Month Functionality | ||||||||
| Facility has been provided to the Members in TWS and MAT to select whether ‘Product Month’ or ‘Expiry date’(default) will be displayed in all the windows where product details gets displayed.
Path: Tools The user will be able to select amongst ‘Expiry Date’ and ‘Product Month’. The selection will be applicable on subsequent login attempt by the respective user. |
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| 2. | Update User Settings | ||||||||
| A new window as ‘Update User Settings’ has been introduced to facilitate trading members to define the following user settings for their respective lower hierarchy users: | |||||||||
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Path: Control The updated user settings will be made applicable to the respective entity on real time basis. |
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| 3. | Expiry Based Positions | ||||||||
| Currently, system provides only Daily trade position information (i.e. daily position considering only the trades for the current business day) to MAT users. Expiry Based Positions functionality has been introduced to enable members to receive information on both Daily and Expiry based positions as on the respective business day.
Net Position A new field as ‘Periodicity’ has been introduced in the Net Position filter criteria. User can select either ‘Daily’ or ‘Expiry’ option. Expiry based position information will be provided only to those MAT users who have logged in before the trigger of Normal Market ‘Open’ event. However, if the user logs off and then re-logs in after the trigger of Normal Market ‘Open’ event, then expiry based position will not be available to such MAT user and the user will not be able to view expiry based position for the rest of the business day. |
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| 4. | Product Basket Disallow | ||||||||
| In Product Basket Disallow window of MAT, additional dropdown of ‘Buy/Sell/All’ has been introduced. Using this, member admin user will be allowed to define Product Basket Disallow settings specifically for 'Buy' or 'Sell' leg or both Buy and Sell for a particular product. | |||||||||
| 5. | Trade Cancellation Request | ||||||||
Trade cancellation facility is now provided in MAT to initiate a trade cancellation request. Trading members or respective upper hierarchy (Initiator) will be allowed to initiate Trade cancellation request by using context menu option in the Trade Book of MAT Path: Trades A new window as ‘Trade Cancellation Book’ has been introduced to facilitate Members to view member initiated Trade Cancellation requests with latest status. Counterparty member and respective upper hierarchy can accept or reject the Trade cancellation request from the “Trade Cancellation Book” by selecting the respective trade and using the appropriate option from the context menu. Path: Trades All pending Trade Cancellation requests will be rejected automatically at EOD. |
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| 6. | Margin/MTM and Turnover limits modification | ||||||||
Changes have been incorporated in MAT such that now onwards if any Margin/MTM or Turnover limit of lower hierarchy entity is modified from Control à Surveillance Maintenance window, then an alert confirmation message will be displayed which will consist of information regarding the existing and modified Margin/MTM or turnover limits of the respective lower hierarchy entity. Also, after successful modification appropriate message with existing and modified limits will be displayed in Message Bar and the same will be stored in Message Log. |
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| 7. | MultiMAT | ||||||||
MultiMAT Functionality has been provided as a transaction and entity management mechanism in order to facilitate members of an exchange to delegate their roles amongst multiple sub member terminals. In MultiMAT functionality two types of users can log-in into the Member Admin |
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Kindly refer to the help file provided along with the setup for detailed functionality. Members who wish to test MultiMAT functionality are requested to contact Customer Support Desk. |
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| 8. | Multiple validations for CTCL terminals Information: | ||||||||
The Exchange has communicated from time to time that the members are required to populate the CTCL Terminal Information in the order structure for every order emanating from CTCL Terminals. Changes have been incorporated by the Exchange for additional validations of 15 digit CTCL Terminal Information. As a part of additional validations, any order placed from CTCL Terminal which doesn’t conform to the prescribed Terminal information as described below will be rejected by the trading system: Identification of 1-12 digitsFor orders generated from CTCL terminals 1-12 digits should be as follows: |
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| Identification of 13th digit
13th digit will indicate whether the order is generated through program trading software or not, It should be: Digits 14-15 should be valid Vendor Code / In-House CTCL code for member #. #Members approved for using CTCL software developed In-House or developed / procured from non-empanelled vendor of the Exchange are required to use the code allotted to them by the Exchange. |
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System configuration