DCASS OAPI Certification Test Application / Confirmation Form

Transcription

1 DCASS-Form 11 DCASS OAPI Certification Test Application / Confirmation Form To : Clearing Operations - Cash & Derivatives Clearing 30/F, One Exchange Square, 8 Connaught Place, Central, Hong Kong Tel: Fax: clearingpsd@hkex.com.hk From : (Full Name of HKCC/SEOCH* Both HKCC & SEOCH Participant or Authorised OAPI Vendor) *Please delete where appropriate Details of Applicant DCASS Customer Code : Contact Person : Position : Phone Number : Address : Operating System (Please tick where appropriate) Windows 32 bit Linux 32 bit Windows 64 bit Linux 64 bit Name of DCASS OAPI : Software Vendor : Version Number : Preferred Date for Certification Test (Note) : Note: This Form has to be submitted at least 5 business days before the Certification Test is performed. Actual certification test date will be subject to HKEX s approval. Updated June2018 Page 1 of 16

2 Part 1: DCASS OAPI s Please put a tick under the To be Implemented column for the Type(s) which will be tested in the DCASS OAPI Certification Test and implemented in production after the certification test result has been verified by HKEX. For details of Types, please refer to the DCASS OAPI Manual at HKEX website. The DCASS OAPI Manual is password protected, please to clearingpsd@hkex.com.hk to obtain the password. Notes: Functions for Logon/Logout/Change Password/Get Facility Number must be implemented. Compression/Encryption options must be setup as OMNNIAPI_OPVAL_ANY for all OAPI logins. type UI1 is compulsory and must be implemented. Reference per Suggested Script in Appendix Functionality Type To be Implemented ( ) To be confirmed by HKEX after completion of Certification Test (Fill in by Clearing Participant or Authorised OAPI vendor) (For HKEX use only) Mandatory Function 1 Logon - Omniapi_login_ex() 1 Logout - Omniapi_logout_ex() 1 Change Password 1 Get Facility Number 1 Login Status (ON/OFF) - Omniapi_set_newpwd_ex() - Omniapi_get_info_ex() UI1 Application Status TRANSACTION Optional Functions C1 Account CQ19 Account Propagation QUERY C1 Account CQ38 Account QUERY 21 Average Price Trade CQ36 Average Price Trade QUERY 21 Average Price Trade CD32 Average Price Trade TRANSACTION C3 Clearing Message BI27 Clearing message BROADCAST C3 Clearing UQ13 BI27 s Sent QUERY Updated June 2018 Page 2 of 16

3 Reference per Suggested Script in Appendix Functionality Message Type S5 Cover Call Request CC47 Cover Request TRANSACTION S6 Cover Call Cover Request BD24 Request BROADCAST S6 Cover Call Request CQ71 Cover Request QUERY S6 Cover Call Request BD26 Cover Request Update BROADCAST S6 Cover Call Request CQ73 Cover Request Update QUERY 11 Delivery BD18 Dedicated Delivery BROADCAST 11 Delivery CQ52 Delivery QUERY 4 Delivery CQ53 Delivery History QUERY S4 Deny General Deny Exercise Request CC14 Exercise TRANSACTION NA Error log CQ22 Error Message QUERY S1 Exercise Request s S3 Exercise Request s 33 Fixing Value 25 Give-up Confirmation 24 Give-up Confirmation 26 Give-up Trade 29 Give-up Trade 24 Give-up Trade 24 Give-up Trade C1 Others CC13 CC15 CQ8 CC38 CQ62 CC40 CD35 BD29 CQ76 Exercise Request TRANSACTION Cancel Exercise Request TRANSACTION Fixing Values QUERY Confirm Give up Request TRANSACTION Confirm Give Up Request QUERY Reject Give up Request TRANSACTION Give up Request TRANSACTION Directed Give Up BROADCAST Give Up QUERY Delta Instrument Class Update for Back BU123 Office VIB C1 Delta Instrument Series Update for Back Others BU125 Office VIB C1 Delta Combo Series Update for Back Others BU136 Office VIB C1 Others CQ68 Clearing Date QUERY 34 Others CQ72 Net Open Interest QUERY C1 Others DQ15 Converted Series QUERY C1 Others DQ18 Non-Trading Days QUERY To be Implemented ( ) (Fill in by Clearing Participant or Authorised OAPI vendor) To be confirmed by HKEX after completion of Certification Test (For HKEX use only) Updated June2018 Page 3 of 16

4 Reference per Suggested Script in Appendix Functionality Type C1 Others DQ35 Participant QUERY C1 Delta Instrument Class for Back Office Others DQ123 QUERY C1 Delta Instrument Series for Back Office Others DQ125 QUERY C1 Others DQ136 Combo Series for Back Office QUERY C1 Others DQ22 Instrument Type Backoffice QUERY C1 Others DQ23 Market Backoffice QUERY C1 Others DQ29 Trading State QUERY C1 Others DQ8 Instrument Group QUERY C1 Others UQ12 Business Date QUERY C1 Instrument Status Others BI41 BROADCAST C1 Others UQ15 Instrument Status QUERY 35 Others UQ9 BI7 Signals Sent QUERY 35 Signal Binary S2 Pending Exercise information 3 Position 3 Position 3 Position 3 Position 31 Position Netting BI7 CQ21 CQ3 BD40 CQ40 CQ65 CD38 Signal Ready BROADCAST Pending Exercise Request QUERY Position QUERY Dedicated Auxiliary Position Info Update BROADCAST Auxiliary Position Info Update QUERY Level Position QUERY Long Position Adjustment TRANSACTION 30 Position Transfer-internal CD34 Transfer Position TRANSACTION 18 Rectify Trade Cancel Holding Rectify Trade CC11 s TRANSACTION 19 Rectify Trade Rectify Trade (Open/Close) CD27 s TRANSACTION 19 Rectify Trade s CD28 Rectify Trade TRANSACTION 18 Rectify Trade s CQ14 Holding Rectify Trade QUERY 18 Rectify Trade s CQ15 Detailed Holding Rectify Trade QUERY C7 Fee CQ31 Simulate Fee QUERY 9 Trade BD6 Dedicated Trade VIB 9 Trade CQ10 QUERY missing trade QUERY 9 Trade CQ11 missing trade, historical QUERY To be Implemented ( ) (Fill in by Clearing Participant or Authorised OAPI vendor) To be confirmed by HKEX after completion of Certification Test (For HKEX use only) Updated June 2018 Page 4 of 16

5 Reference per Suggested Script in Appendix Functionality Type 9 Trade Dedicated Trade Change BD39 information BROADCAST 9 Trade information CQ39 Trade Change QUERY 20 Transfer from Transitory CD5 Daily Account Trades TRANSACTION C1 Delta Underlying Update for Back Office Underlying Index BU121 VIB C1 Delta Underlying for Back Office Underlying Index DQ121 QUERY C1 Underlying Index DQ14 Underlying Adjustment QUERY To be Implemented ( ) (Fill in by Clearing Participant or Authorised OAPI vendor) To be confirmed by HKEX after completion of Certification Test (For HKEX use only) Only applicable for General Clearing Participants DCASS OAPI Programs with Enhanced Drop Copy Function 40 Order 40 Order 40 Order MQ392 MQ393 BO5 MQ8 (Total Order ) With Trader ID QUERY MQ9 (Total Inactive Order ) With Trader ID QUERY Firm Order Book VIB Updated June2018 Page 5 of 16

6 Part 2: Reminder for Developing Proprietary DCASS OAPI Category 1 The OAPI query for the corresponding OAPI broadcast provided must only be sent for recovery purpose (missed broadcast, program startup/restart). This is to allow the application to have synchronization with the broadcast flow. The application is not allowed to send the OAPI query for retrieving snapshot data at a certain point of time. Take CQ10/BD6 as an example, - The application must be able to receive OAPI broadcast BD6 instead of polling CQ10 periodically. - The application must start up the OAPI program before market open to listen to broadcast during the day. The application is not allowed to startup the OAPI program during the day for the purpose of retrieving snapshot trade information. Category Type Corresponding 1 CQ10 BD6 Missing Trade QUERY 1 CQ39 BD39 Trade Change QUERY 1 CQ40 BD40 Auxiliary Position Info Updated QUERY 1 CQ52 BD18 Delivery QUERY 1 CQ71 BD24 Cover Request QUERY 1 CQ73 BD26 Cover Request Update QUERY 1 CQ76 BD29 Give Up QUERY 1 UQ13 BI27 BI27 s Sent QUERY 1 UQ15 BI41 Instrument Status QUERY 1 UQ9 BI7 BI7 Signals Sent QUERY Category 2 For delta query, OAPI program should make a full query for reference data at the start of day. In case of reconnection/resubmission in the same trading day, the OAPI program should make a (delta mode instead of a full query) for any missing reference during the disconnected period. Type Category 2 DQ121 Delta Underlying for Back Office QUERY 2 DQ123 Delta Instrument Class for Back Office QUERY 2 DQ125 Delta Instrument Series for Back Office QUERY Updated June 2018 Page 6 of 16

7 Category 3 The OAPI query catered for reception of certain signal broadcast must be sent after the respective signal is received. Type Category 3 CQ22 Error Message QUERY 3 CQ72 Net Open Interest QUERY Category 4 The OAPI query for retrieving data must be sent when OAPI application starts up or restarts. Category Type 4 CQ11 missing trade, historical QUERY 4 CQ19 Account Propagation QUERY 4 CQ3 Position QUERY 4 CQ38 Account QUERY 4 CQ53 Delivery History QUERY 4 CQ65 Level Position QUERY 4 CQ68 Clearing Date QUERY 4 DQ121 Delta Underlying for Back Office QUERY 4 DQ123 Delta Instrument Class for Back Office QUERY 4 DQ125 Delta Instrument Series for Back Office QUERY 4 DQ136 Combo Series for Back Office QUERY 4 DQ14 Underlying Adjustment QUERY 4 DQ15 Converted Series QUERY 4 DQ18 Non-Trading Days QUERY 4 DQ22 Instrument Type Backoffice QUERY 4 DQ23 Market Backoffice QUERY 4 DQ29 Trading State QUERY 4 DQ35 Participant QUERY 4 DQ8 Instrument Group QUERY 4 UQ12 Business Date QUERY Updated June2018 Page 7 of 16

8 Category 5 The OAPI query must be sent according to the Timing Condition column. Category Type Timing Condition 5 CQ8 Fixing Values QUERY After After Business 5 CQ14 Holding Rectify Trade QUERY After corresponding transaction issued 5 CQ15 Detailed Holding Rectify Trade QUERY After corresponding transaction issued 5 CQ21 Pending Exercise Request QUERY After corresponding transaction issued 5 CQ31 Simulate Fee QUERY Miscellaneous 5 CQ36 Average Price Trade QUERY After corresponding transaction issued 5 CQ62 Confirm Give Up Request QUERY After corresponding transaction issued Category 6 The partitioned OAPI queries must be implemented according to the programming methods mentioned in Section 4.7 of the Highlight for OAPI Client Application Development in Genium (DCASS) as included in the folder of DCASS OAPI Manual at HKEX website. The DCASS OAPI Manual is password protected, please to clearingpsd@hkex.com.hk to obtain the password. Category Type 6 CQ14 Holding Rectify Trade QUERY 6 CQ21 Pending Exercise Request QUERY 6 CQ3 Position QUERY 6 CQ65 Level Position QUERY 6 CQ72 Net Open Interest QUERY Category 7 The OAPI query must not be sent frequently. Category Type Corresponding 7 CQ68 BI41* Clearing Date QUERY * BI41/UQ15/DQ29 shall be used for tracking when the switch for trading for T+1 Session commences. Clearing Participant s OAPI program must not rely on issuing CQ68 periodically to detect session state change. Updated June 2018 Page 8 of 16

9 The undersigned hereby certifies that the information provided for this DCASS OAPI Certification Test Application / Confirmation Form is true and correct. Also, the undersigned has read and will comply with the Reminder for Developing Proprietary DCASS OAPI as stated in Part 2 of this Form and the OAPI Specification & Highlight for OAPI Client Application Development in Genium (DCASS). S.V. Authorized Signature(s) Date (with company chop, ONLY applicable if it forms part of your signing instruction) Name of Signatories Updated June2018 Page 9 of 16

10 Appendix Suggested Script for Certification Test Except step 1 below is Mandatory, all remaining steps are optional to the Certification Test Steps with prefix S are SEOCH related transactions and are only applicable to OAPI for SEOCH. Steps with prefix C are Clearing House functions/events performed by HKEX to facilitate the test. Steps Activities Area Certification test for T session products (12:00 noon - 17:15) 1. Participant logins the system and will be forced to change password at the first login. Login Status C1. Market Open Done by HKEX C2. Trades input by Clearing House Session time T Session: 11:15-16:00 T+1 Session: 17:00-23:45 T+1 Session (Trades for beyond Midnight): 00:00-09:15 Done by HKEX 2. Participant should receive all the trades Trade 3. Participant should receive all the positions built up by the trades Position 4. Participant should receive all the deliveries generated by the trades Delivery 5. Participant should receive the clearing message sent Clearing Message 6. Participant should retrieve signal binary information Signal Binary 7. Participant should receive all the give up request information Give up Request 8. SEOCH Participant should receive Cover Call request information 9. Participant should receive all the real-time trade information 10. Participant should update its position records 11. Participant should receive all the real-time deliveries generated by the trades Cover Call Request status Trades Position Delivery 12. Participant should confirm the trade details / positions details Updated June 2018 Page 10 of 16

11 Steps Activities Area 13. Participant should receive all the real-time order information Order 14. Participant should confirm the order details C3. Clearing House issues the clearing message All trades are matched Done by HKEX 15. Participant should receive the real-time clearing message sent in (Step C3) Clearing Message 16. Participant should rectify the trade with free text marked as RTHolding to its APT account For Holding Rectify Trade 17. Participant should check that the rectify trade is put on holding state Holding Rectify Trade 18. Participant should cancel the holding rectify trade created in (Step 17) Participant should use rectify trade to rectify trade during: Cancel Holding Rectify Trade a) T session (12:00-17:15) Receiving account: HOUSE Free text: T for RT b) T+1 session (16:45-23:45) Receiving account: HOUSE Free text: T+1 for RT c) T+1 Session (for clearing beyond midnight) (08:00-09:15) Receiving account: HOUSE Free text: T+N for RT Participant should use rectify trade" to rectify 2 trades with same series and same side during: a) T session (12:00-17:15) Receiving account: DAILY (i.e. DA, DAS) Free text: T for DA b) Trade for T+1 session (16:45-23:45) Receiving account: DAILY (i.e. DA, DAS) Free text: T+1 for DA d) T+1 session (for clearing beyond midnight) (08:00-09:15) Receiving account: DAILY (i.e. DA, DAS) Free text: T+N for DA Rectify Trade Rectify Trade & Transfer from Transitory Updated June2018 Page 11 of 16

12 Steps Activities Area C Participant should perform APT transaction for 2 trades with same series and same side with free text marked as APTtrade in (Step 3): a) T Session (12:00-17:15) Free text: T for APT b) T+1 Session (16:45-23:45) Free text: T for APT c) T+1 Session (for clearing beyond midnight) (08:00-09:15) Free text: T for APT Participant should transfer the resulting APT trade created in (Step 19) from the DAILY account to the OMNIBUS account Participant should transfer the trades in the DAILY account created by (Step 18) to the OMNIBUS account Clearing House issues three give up requests to Participant with the following details: a) Give-up for T session (12:00-17:15) Free text: T Complete Free text: T Reject b) Give-up for T+1 Session (16:45-23:45); Free text: T+ Complete Free text: T+1 Reject c) Give-up for T+1 Session (for clearing beyond midnight) (08:00-09:15) Free text: T+N Complete Free text: T+N Reject Participant should receive real-time give up request information generated in (Step C4) Participant should confirm give up request (a) issued in (Step C4): a) Take-up for T session (12:00-17:15) Free text: T Complete b) Take-up for T+1 Session (16:45-23:45) Free text: T+1 Complete c) Take-up account is not specified (for clearing beyond midnight) (08:00 09:15) Free text: T+N Complete APT Transfer from Transitory Transfer from Transitory Done by HKEX Give up Request Confirm Give up Request Updated June 2018 Page 12 of 16

13 Steps Activities Area Participant should reject the give up request issued in (Step C4): a) Take-up for T session (12:00-17:15) Free text: T Reject b) Take-up for T+1 Session (16:45-23:45) Free text: T+1 Reject c) Take-up for T+1 (for clearing beyond midnight) (08:00-09:15) Free text: T+N Reject Participant should issue give up request for trade with free text marked as GUCancel to customer HK CCCC : a) Give-up for T session (12:00-17:15) Free text: T Cancel b) Give-up for T+1 Session (16:45-23:45) Free text: T+1 Cancel c) the Give-up for T+1 (for clearing beyond midnight) (08:00-09:15) Free text: T+N Cancel Participant should cancel the holding Give Up request issued in (Step 27): a) Give-up for T session (12:00-17:15) Free text: T Cancel b) Give-up for T+1 Session (16:45-23:45) Free text: T+1 Cancel c) Give-up for T+1 (for clearing beyond midnight) (08:00-09:15) Free text: T+N Cancel Reject Give Up Request Give Up Request Reject Give Up Request 29. Participant should issue give up requests for trade with free text marked as GUReal to customer HK CCCC C with different free texts: a) Give-up for T session (12:00-17:15) Free text: T Accepted Free text: T Rejected b) Give-up for T+1 Session (16:45-23:45) Free text: T+1 Accepted Free text: T+1 Rejected c) Give-up for T+1 beyond midnight (08:00-09:15) Free text: T+N Accepted Free text: T+N Rejected Give Up Request C5. Clearing House takes up the first give up requests and rejects the second one issued in (Step 29) Done by HKEX Updated June2018 Page 13 of 16

14 Steps Activities Area Participant should move 10 long position of Series A (Futures & Options)from OMNIBUS account (i.e. C1)to the Client Margin Offset Claim account (i.e. C9001) by using Position Transfer function with O/C/N/D as O (i.e. OPEN): a) Position Transfer for T session (12:00-17:15) Series: Index Futures From Account: OMNIBUS To Account: Client Margin Offset Claim b) Position Transfer for T+1 session (18:30-23:45) From Account: OMNIBUS To Account: Client Margin Offset Claim c) Position Transfer for T+1 (for clearing beyond midnight) (08:00-09:15) From Account: OMNIBUS To Account: Client Margin Offset Claim Participant should net down the position of Series A (Futures & Options) in OMNIBUS account by 10 lots: a) Position Net-down for T session (12:00-17:15) For Date: CTD Account: OMNIBUS Lots: 10 b) Position Net-down for T+1 session (18:30-23:45) For Date: NTD Account: OMNIBUS Lots: 10 c) Position Net-down for T+1 (for clearing beyond midnight) (08:00-09:15) For Date: NTD Account: OMNIBUS Lots: 10 Position Transfer Position Netting S1. S2. SEOCH Participant should issue two Exercise Requests for Series B in OMNIBUS account a) Exercise Request for T session (12:00-17:15) For Date: CTD Account: OMNIBUS Quantity = 5 b) Exercise Request for T session (12:00-17:15) For Date: CTD Account: OMNIBUS Quantity = 10 SEOCH Participant should retrieve pending exercise request issued in (Step S1) Exercise Request Pending Exercise Enquiry Updated June 2018 Page 14 of 16

15 Steps Activities Area S3. SEOCH Participant should reject the first Exercise Request (a) issued in (Step S1) a) Reject Exercise Request for T session (12:00-17:15) For Date: CTD Account: OMNIBUS Quantity = 5 Reject Exercise Request S4. S5. S6. SEOCH Participant should issue Deny Automatic Exercise request (Quantity = 10) to Series B in OMNIBUS account SEOCH Participant should issue cover call request for Request Qty as 2000 (Quantity = 2 lots x (1000 contract size)) to Series B (Stock Options) in HOUSE account SEOCH Participant should retrieve real-time Cover Call request status in House account Deny General Exercise Request (last trading only) Cover Call Request Cover Call Request Status C6. Market Close Done by HKEX C7. Fixing Ready Done by HKEX C8. Clearing Close (i.e. system cut-off time for post-trade transactions in T session) Done by HKEX C9. Clearing House runs AB for SEOCH Done by HKEX S7. SEOCH Participant should receive real-time exercise trades (result of the Exercise Request (b) issued in Step S1) Exercise C10. Clearing House runs AB for HKCC Done by HKEX 32. Participant should receive real-time trades resulted from auto netting (position created by trades marked as forautonetting are netted down during the AB process) Trade 33. Participant should retrieve fixing values Fixing Value 34. Participant should issue query on Net Open Interest Net Open Interest 35. Participant should retrieve signal binary information Signal Binary Certification test for T+1 session products (16:45-23:45 ) C11. Clearing House should input trades for T+1 session products (Step C2) Done by HKEX 36. Participant should perform Rectify Trade for T+1 Trades (refer to step 19) Rectify Trade Updated June2018 Page 15 of 16

16 Steps Activities Area Participant should perform Give-up Trade for T+1 Trades (refer to step 25-29) Participant should perform internal Position Transfer for NTD Positions (refer to step 30) Participant should perform Position Netting for NTD Positions (refer to step 31) Confirm Give up Request Reject Give Up Request Give Up Request Position Transfer Position Netting 40. Participant should receive all the real-time order information Order 41. Participant should confirm the order details C12. Clearing House runs evening batch Done by HKEX Certification test for T+1 session products traded/cleared beyond midnight ( 08:00-09:15 ) C Clearing House inputs trades for products cleared beyond midnight (Step C2) Participant should perform Rectify Trade for T+1 Trade (refer to step 19) Participant should perform Give-up Trade for T+1 Trade (refer to step 25-29) Done by HKEX Rectify Trade Confirm Give up Request Reject Give Up Request Give Up Request 44. Participant should receive all the real-time order information Order 45. Participant should confirm the order details Updated June 2018 Page 16 of 16