Moscow Exchange Launches New Platform for Trading & Clearing on FORTS
OREANDA-NEWS. November 14, 2012. On November 24, 2012 the Moscow Exchange is launching SPECTRA, a new platform for trading and clearing on the FORTS and Standard markets.
The launch of Spectra for the FORTS and Standard markets will increase the trading and clearing systems" peak throughput to 30,000 transactions per second equalizing the parameters across all markets of the Moscow Exchange. It also will be possible to separate trading and clearing processes, which is common practice on the foreign markets, and facilitate new features by implementing modular architecture. As a result, the competitiveness of the Exchange"s new products and services will grow.
Transition to the multithreaded architecture and giving up SQL to better performance will result in the higher level of the trading system functionality versus the current one. The multibroker logins will become invalid and the trading participants will switch to logins used at the clearing member level or the brokerage firm level attached to the same section.
In addition to this, the Exchange will have to correct the procedure for variation margin calculation and change the RUB/USD exchange rate calculation time while launching SPECTRA for futures contracts and futures-style options quoted in basis points/USD dollars. In particular, the RUB/USD exchange rate shall be calculated 15 minutes before the start of the clearing session.
Please be also informed that on November 23, 2012 the additional evening clearing session will be cancelled on the FORTS Derivatives Market and in Standard sector due to the launch of the new trading platform. Functionality testing with trading participants will take place on November 24, 2012.
To join the testing, please, file an application till 15:00 MSK on November 22, 2012 to help@micex.com. The application shall include the following:
Contact person responsible for testing
Clearing member
Login and the section to be used for testing
IP address of access
IP address of the company access server (if necessary).
E-mail for feedback reports.
Please note that if a clearing member does not file an application it will not be admitted to testing.
Комментарии