CTS202. CDS Model Based Testing Service Market Control Actions. Service Manual

Transcription

1 CTS202 CDS Model Based Testing Service Market Control Actions Service Manual Issue 2 Copyright 2006 London Stock Exchange plc. All rights reserved. No part of the publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photo-copying, recording or otherwise without the prior permission of the copyright owner. Preface Page 1 of 17

2 PREFACE CTS TWO SERIES: CDS SERVICE MANUAL The purpose of the CTS Two Series is to provide customers with all the necessary information needed to get the most out of the Customer Development Service. It is essentially a service manual providing guidance on using and maximising the features of the service. These documents give users essential and detailed information needed to understand, use and benefit from the Customer Development Service (CDS), the most comprehensive testing service offered by the London Stock Exchange. The CDS is a fully functioning simulation of the Exchange s production environment, and is a powerful tool in fine tuning applications and functionality. The documents are divided in to the following areas: General service information and guidance on each test service available within CDS Full details on the Model-Based Testing Service, including all market control actions The CTS Two Series gives you the knowledge to get the best out of the CDS service, and the best out of your systems. CTS TWO SERIES: CTS202 OVERVIEW The CTS202 CDS Model Based Testing Service Market Control Actions: Service Manual provides customers with full details of each of the market control scripts available in the CDS test service. These include SETS specific scenarios: Market control actions Market segment changes Tradable instrument data changes Participant data changes The document fully describes each of the scripted events within the scenarios above, and provides a full breakdown of each event and each stage of the scenario in question. The document is designed to be used for education regarding the scripted scenarios service, and as a continuous reference resource / service manual. This document is available electronically from the London Stock Exchange s website: Preface Page 2 of 17

3 USE OF THIS DOCUMENTATION This document is the property of The London Stock Exchange and neither the document nor its contents may be disclosed to a third party, nor may it be copied, without the London Stock Exchange s prior written consent. The Exchange endeavours to ensure that the data and other material in this publication are correct and complete but does not accept liability for any error herein or omissions herefrom. The development of Exchange products and services is continuous and published information may not be up to date. It is important to check the current position with the Exchange. The following are trade/service marks of the London Stock Exchange: Daily Official List TM RNS TM EuroSETS TM SEAQ TM EXTRANEX TM SETSqx TM FTSE TM SEDOL TM Infolect TM SETS TM International Order Book TM London Stock Exchange TM Copyright 2006 London Stock Exchange plc. All rights reserved. No part of the publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photo-copying, recording or otherwise without the prior permission of the copyright owner. Preface Page 3 of 17

4 CONTENTS 1. INTRODUCTION Purpose CTS Series of Documents Version History Useful Reference Navigation 6 2. MARKET CONTROL ACTIONS: OVERVIEW Introduction Market Control Actions 8 3. MARKET CONTROL ACTIONS MCA1: Market Status Information Messages MCA2: Ex Markers MCA3: Temporary Periods for Tradable Instruments MCA4: Invoking Disaster Recovery for a Market Segment MCA5 and MCA6: Un-Suspending a Tradable Instrument MCA5: Resuming a tradable instrument which was moved into a 12 temporary period earlier in the day MCA6: Un-suspending a tradable instrument which was suspended on a previous day MCA7: Add, Update and Delete a Settlement Venue MCA8: Add, Update and Delete a Trade Type MCA9: Adding and Deleting a Market Segment MCA10: Adding a Tradable Instrument with Future Effective Date MCA11: Adding a Tradable Instrument for Immediate Trade 13 Reporting 3.11 MCA12: Changing a Tradable Instrument MCA13: Deleting a Tradable Instrument MCA14: Changing a Tradable Instrument Mnemonic MCA15: Moving a Tradable Instrument to a Different Segment MCA16: Adding a Settlement Venue to a Tradable Instrument MCA17: Adding a Member MCA18: Registering Trader Groups in a Security MCA19: Changing a Member Details MCA20: Deleting Trader Group Registrations for a Security MCA21: Deleting a Member 17 Contents Page 4 of 17

5 1 INTRODUCTION 1.1 PURPOSE The purpose of this document is to provide users with a detailed knowledge of the CDS Market Control Actions service, which is one of the Model Based Testing (MBT) services offered by the London Stock Exchange. This will assist customers in getting the best out of the service, and the best out of the systems being tested. In order to achieve this, each Market Control Action scenario service is explained and detailed. The following Market Control Actions are included within this service: Market control actions and reference data changes o Market control actions o Market segment data changes o Tradable instrument data changes o Participant data changes With market control actions, customers can observe scripted business and technical scenarios in a live-like market structure. Each action and reference data change is detailed so that customers can test their handling of these actions. 1.2 CTS SERIES OF DOCUMENTS This document is part of a series of documents that piece together to form a complete and extensive picture of all enhanced customer testing services available from the London Stock Exchange. The range of documents comprises the following series: CTS One Series: Foundations (foundation data to understand the services) CTS Two Series: CDS Service Manual (full service information for CDS) o o CTS201 - CDS Service Manual CTS202 CDS Model Based Testing Service Market Control Actions Service Manual (this document) CTS Three Series: Conformance Service Manual (information for conformance) CTS Four Series: HVS Service Manual (full service information for HVS) CTS Five Series: Data Depot (referenced canned data) 1.3 VERSION HISTORY This document, CTS202 CDS Model Based Testing Service Market Control Actions Service Manual, has been through the following iterations: Introduction Page 5 of 17

6 Issue Date Description 1.0 September 2005 First issue of CTS202 CDS Scripted Scenario Service London Market: Service Manual, from the new CTS Series documents. 2.0 September 2006 Second issue of CTS202, updated to accommodate changes to the CDS service resulting from the introduction of the new Trading System Please note: The CTS One Series, CTS Two Series, CTS Three Series, CTS Four Series and CTS Five Series of documents replace the London Stock Exchange s previous Customer Testing documentation, STS101, STS103, STS104 and STS105. CTS202 CDS Scripted Scenario Service London Market: Service Manual replaces Section 5 of the previous STS104 Trading and Information Services Customer Development Service Service Guide document. In subsequent issues, where amendments have been made to the original content, these changes will be identified using a series of side bars as illustrated opposite. 1.4 USEFUL REFERENCE Other documents in the CTS One Series, CTS Two Series, CTS Three Series, CTS Four Series and CTS Five Series, which are available on the Exchange s website. All of the CTS Two Series documents will be of particular relevance as they all relate to the CDS test service. The Extranex Service and Testing Services Price List, available on the Exchange s website. The London Stock Exchange s Trading and Information Technical Specifications (TIS101 to TIS104), which are available on the Exchange s website. London Stock Exchange guide to the new trading system, which is available on the Exchange s website. 1.5 NAVIGATION Navigation is made simple throughout this document using the NavArrow navigation system, utilising hyperlink arrows. If a topic is covered on which you require more information, the following system is utilised to help you get to the information you want, quickly and easily. Internal Link: A white arrow links the user to another section contained with in this document. External Link: A black arrow links the user to an external source containing relevant information, e.g. another document or an area on the Exchange s website. Introduction Page 6 of 17

7 Contact Link: A turquoise arrow indicates a link to highlight useful contact information. Introduction Page 7 of 17

8 2 MARKET CONTROL ACTIONS OVERVIEW This document provides users with a full and detailed manual of the Market Control Actions that are available on the Model Based Testing (MBT) service. 2.1 INTRODUCTION The Market Control Actions service allows customers to observe and interact with scripted business and technical scenarios in a live-like market structure. A series of market control actions and reference data updates will be performed at specified times of the day. This will include updates or additions to reference data, suspension of participants and instruments and the invocation of temporary periods. The following market control actions and reference data changes will be performed in CDS (each is described in more detail later in this section). 2.2 MARKET CONTROL ACTIONS ID Description Link MCA1 Market Status Information Messages MCA2 MCA3 MCA4 MCA5 MCA6 MCA7 MCA8 MCA9 MCA10 MCA11 MCA12 MCA13 MCA14 MCA15 Ex Markers Temporary periods for tradable instruments Invoking Disaster Recovery for a Market Segment Resuming a Tradable Instrument Which Was Moved into a Temporary Period Earlier in the Day Un-Suspending a Tradable Instrument Which Was Suspended on a Previous Day Add, Update and Delete a Settlement Venue Add, Update and Delete a Trade Type Adding and Deleting a Market Segment Adding a Tradable Instrument with Future Effective Date Adding a Tradable Instrument for Immediate Trade Reporting Changing a Tradable Instrument Deleting a Tradable Instrument Changing a Tradable Instrument Mnemonic Moving a Tradable Instrument to a Different Segment Market Control Actions Overview Page 8 of 17

9 ID Description Link MCA16 Adding a settlement venue to a tradable instrument MCA17 MCA18 MCA19 MCA20 MCA21 Adding a member Registering Trader Groups in a Security Changing a Member Details Deleting Trader Group Registrations for a Security Deleting a Member The market control actions and reference data changes will be performed each day. Note: Where not stated, all securities suffixed with '1' reside in RSET, all securities suffixed with '2' reside in RSTM: = (s) scenarios will be replayed = No further replays available for a scenario Market Control Actions Overview Page 9 of 17

10 3 MARKET CONTROL ACTIONS 3.1 MCA1: MARKET STATUS INFORMATION MESSAGES A number of Market Status Information messages will be broadcast for each of the market status conditions that will be in use for the live service. These are as follows: MCA1 Market Status Information Messages Code Name Segment BROK Broker announcement message RSET 10:00 14:00 MMAN Market Maker Announcement message RSET ERRR Trade reported in error message RSET SIMO Sector settlement instructions message RSET AIF1 AIF1 Standby to Switch off AIF RSET AIF2 AIF2 Standby to Switch off AIF RSET AIF3 AIF3 Switch off AIF RSET AIF4 AIF4 You May Switch on AIF RSET BROK Broker announcement message RSTM MMAN Market Maker Announcement message RSTM ERRR Trade reported in error message RSTM SIMO Sector settlement instructions message RSTM AIF1 AIF1 Standby to Switch off AIF RSTM AIF2 AIF2 Standby to Switch off AIF RSTM AIF3 AIF3 Switch off AIF RSTM AIF4 AIF4 You May Switch on AIF RSTM 3.2 MCA2: EX-MARKERS Ex-Markers of the following types will be added and removed: MCA2 Ex-Markers Code Name Instrument XO Ex-Other BAA1 XO Ex-Other CBB2 XD Ex-Dividend JEL1 XD Ex-Dividend.TC2 XC Ex-Capitalisation FTN1 XC Ex-Capitalisation CTU2 XR Ex-Rights ANL1 XR Ex-Rights AA2 XL Ex-Liquidation Distribution BTR1 XL Ex-Liquidation Distribution PHT2 XS Ex-Stock Distribution BAR1 XS Ex-Stock Distribution.MF2 XP Ex-Repayment of Capital CBR1 XP Ex-Repayment of Capital MPY2 S Stabilisation Indicator Set LAN1 S Stabilisation Indicator Set.RF2 All Day Market Control Actions Page 10 of 17

11 3.3 MCA3: TEMPORARY PERIODS FOR TRADABLE INSTRUMENTS This scenario demonstrates temporary periods being invoked for selected instruments. MCA3 Temporary Period for Tradable Instrument Period Instrument Segment Suspend JEL2 RSTM Suspend EX91 RSET Halt PGT2 RSTM Halt BOC1 RSET Suspend RMF2 RSTM Suspend RBO1 RSET Halt FAG2 RSTM Halt CNA1 RSET 11:30 15:30 The following steps will be performed: 1. Suspend an instrument triggering the instrument to be flagged as suspended and to transition into the temporary Suspend period 2. Halt an instrument triggering it to transition into the temporary Halt period 3.4 MCA4: INVOKING DISASTER RECOVERY FOR A MARKET SEGMENT This scenario demonstrates Disaster Recovery being invoked for a selected market segment. MCA4 Invoke Disaster Recovery for a Segment Period Segment Disaster RSET 10:30 Disaster RSTM Recover RSET 10:35 Recover RSTM At 10:30 Disaster Recovery is invoked for the selected market segment transitioning all instruments in the segment into the Disaster Recovery period. After 5 minutes the market segment is restored from the Disaster Recovery period. All instruments in the segment transition into the Resume auction period for the configured time before returning to the default schedule. 3.5 MCA5 AND MCA6: UN-SUSPENDING A TRADABLE INSTRUMENT A number of tradable instruments for which trading has been suspended will be unsuspended. Two scenarios will be covered: Unsuspending tradable instruments which were suspended earlier the same day Unsuspending tradable instruments which were suspended on a previous day. Market Control Actions Page 11 of 17

12 3.5.1 MCA5: Resuming a Tradable Instrument Which Was Moved into a Temporary Period Earlier in the Day This scenario demonstrates an instrument being resumed after being placed in a temporary period earlier in the day. The tradable instrument will be resumed. For quotes based segments the instrument will be transitioned into period PMQP for a configured time before transitioning into MQP. For orders based segments the instrument will be transitioned into an auction period for a configured time before transitioning into a continuous trading period. The following steps are performed: 1) A tradable instrument is resumed after being Suspended 2) A tradable instrument is resumed after being Halted MCA5 Resuming a Tradable Instrument Which Was Moved into a Temporary Period Earlier in the Day Period Tradable Instrument Display Mnemonic Segment Restore JEL2 RSTM Restore EX91 RSET Restore PGT2 RSTM Restore BOC1 RSET Suspend RMF2 RSTM Suspend RBO1 RSET Halt FAG2 RSTM Halt CNA1 RSET 11:45 15: MCA6: Un-Suspending a Tradable Instrument Which Was Suspended on a Previous Day In this instance, the following tradable instruments will be unsuspended at 08:00: MCA6 Un-Suspending a Tradable Instrument Which Was Suspended on a Previous Day Period Tradable Instrument Display Mnemonic Segment Restore CCM1 RSET Restore GUI1 RSET Restore BAF2 RSTM Restore ELV2 RSTM 13:00 16:00 In live service the restoration of trading for a tradable instrument would normally be accompanied by a company announcement on RNS. For the CDS service, such an announcement will not be broadcast. 3.6 MCA7: ADD, UPDATE AND DELETE A SETTLEMENT VENUE This scenario demonstrates the addition, modification and deletion of a Settlement Venue. MCA7 Add, Update and Delete a Settlement Venue Instruction Settlement Venue code Market Control Actions Page 12 of 17

13 Add TST 11:00 15:00 Amend TST 11:10 15:10 Delete TST 11:20 15: MCA8: ADD, UPDATE AND DELETE A TRADE TYPE This scenario demonstrates the addition, modification and deletion of a Trade Type. MCA8 Add, Update and Delete a Trade Type Instruction Segment Add RSET Add RSTM Update RSET Update RSTM Delete RSET Delete RSTM 11:00 15:00 11:10 15:10 11:20 15: MCA9: ADDING AND DELETING A MARKET SEGMENT This scenario demonstrates the addition and deletion of a Market Segment. MCA9 Adding and Deleting a Market Segment Instruction Segment Add SEGB 17:30 Delete SEGA 17: MCA10: ADDING A TRADABLE INSTRUMENT WITH FUTURE EFFECTIVE DATE This scenario demonstrates the addition of a tradable instrument with future effective date. MCA10 Adding a Tradable Instrument with Future Effective Date Segment Tradable Instrument Display Instrument Type Mnemonic RSET TRO1 Equity RSTM.EE2 Derivative RSET PCM1 Fixed Income RSTM SWA2 Equity RSET.MP1 Derivative RSTM EEN2 Fixed Income 09: MCA11: ADDING A TRADABLE INSTRUMENT FOR IMMEDIATE TRADE REPORTING This scenario demonstrates the addition of a tradable instrument for immediate trade reporting. Market Control Actions Page 13 of 17

14 MCA11 Adding a Tradable Instrument for Immediate Trade Reporting Segment Tradable Instrument Display Instrument Type Mnemonic RSET BAT1 Equity RSTM.SG2 Equity RSET BSY1 Derivative RSTM FMN2 Derivative RSET GUS1 Fixed Income RSTM MCB2 Fixed Income 09: MCA12: CHANGING A TRADABLE INSTRUMENT This scenario demonstrates the modification of a tradable instrument. MCA12 Changing a Tradable Instrument Segment Tradable Instrument Display Instrument Type Mnemonic RSET TRO1 Equity RSTM SWA2 Equity RSET.MP1 Derivative RSTM.EE2 Derivative RSET PCM1 Fixed Income RSTM EEN2 Fixed Income 18: MCA13: DELETING A TRADABLE INSTRUMENT This scenario demonstrates the deletion of a tradable instrument. MCA13 Deleting a Tradable Instrument Segment Instrument Instrument Type RSET ALL1 Equity 18:00 RSTM.EL2 Equity RSET BA.1 Derivative RSTM AKC2 Derivative RSET CUA1 Fixed Income RSTM ZRC2 Fixed Income 3.13 MCA14: CHANGING A TRADABLE INSTRUMENT MNEMONIC This scenario demonstrates the modification of a tradable instrument mnemonic. MCA14 Changing a Tradable Instrument Mnemonic Segment Tradable Instrument Tradable Instrument Display Mnemonic - Old Display Mnemonic - New RSET DXN1 DXN3 RSTM.PH2.PH4 18:00 Market Control Actions Page 14 of 17

15 3.14 MCA15: MOVING A TRADABLE INSTRUMENT TO A DIFFERENT SEGMENT This scenario demonstrates the moving of a tradable instrument mnemonic to a different market segment. MCA15 Moving a Tradable Instrument to a Different Segment Existing New Tradable Instrument Display Mnemonic Segment Segment RSET RSTM HSA1 RSET RSTM SFW1 RSET RSTM ASS1 RSET RSTM BSC1 RSET RSTM BAY1 RSET RSTM MAM1 RSET RSTM ETP1 RSET RSTM GEC1 RSET RSTM NXT1 RSET RSTM MKS1 RSTM RSET.JA2 RSTM RSET FSH2 RSTM RSET LUP2 RSTM RSET.SW2 RSTM RSET.BA2 RSTM RSET.ZC2 RSTM RSET.AG2 RSTM RSET CO.2 RSTM RSET.PG2 RSTM RSET.PH2 18: MCA16: ADDING A SETTLEMENT VENUE TO A TRADABLE INSTRUMENT This scenario demonstrates the addition of a settlement venue to a tradable instrument. MCA16 Adding a settlement venue to a tradable instrument Segment Tradable Instrument Instrument Type Display Mnemonic RSET TRO1 Equity RSTM.EE2 Derivative RSET PCM1 Fixed Income RSTM SWA2 Equity RSET.MP1 Derivative RSTM EEN2 Fixed Income 18: MCA17: ADDING A MEMBER This scenario demonstrates the addition of a member. Market Control Actions Page 15 of 17

16 MCA17 Adding a Member Member ID Member Mnemonic Member Name PARXTESTPCT PARX Test Member X 12:00 Member ID Segment Role PARXTESTPCT RSET BROK PARXTESTPCT RSET MMEQ PARXTESTPCT RSET TREP PARXTESTPCT RSTM BROK PARXTESTPCT RSTM MMEQ PARXTESTPCT RSTM TREP 3.17 MCA18: REGISTERING TRADER GROUPS IN A SECURITY This scenario demonstrates the registration of trader groups in a security. MCA18 Registering Trader Groups in a Security Member ID Tradable Instrument Role Display Mnemonic PARXTESTPCT GAC1 MMEQ PARXTESTPCT BT2 MMEQ 12: MCA19: CHANGING A MEMBER DETAILS This scenario demonstrates the modification of member details. MCA19 Changing a Member Details Member ID Member Mnemonic Member Name PARXTESTPCT PARX Test Member Z 16: MCA20: DELETING TRADER GROUP REGISTRATIONS FOR A SECURITY This scenario demonstrates the deletion of trader group registrations for a security. MCA20 Deleting Trader Group Registrations for a Security Member ID Tradable Instrument Role Display Mnemonic PARXTESTPCT GAC1 MMEQ PARXTESTPCT BT2 MMEQ 17:30 Market Control Actions Page 16 of 17

17 3.20 MCA21: DELETING A MEMBER This scenario demonstrates the deletion of a member. MCA21 Deleting a Member Member ID Segment Role PARXTESTPCT RSET BROK 17:45 PARXTESTPCT RSET MMEQ PARXTESTPCT RSET TREP PARXTESTPCT RSTM BROK PARXTESTPCT RSTM MMEQ PARXTESTPCT RSTM TREP Member ID Member Mnemonic Member Name PARXTESTPCT PARX Test Member Z Market Control Actions Page 17 of 17