DATE:
2 JULY 2014
MARKET:
EURONEXT DERIVATIVES MARKETS
PROJECT:
DERIVATIVES MARKET DATA REAL-TIME FEED INFRASTRUCTURE UPGRADE
DERIVATIVES MARKET DATA REAL-TIME FEED UPGRADE:
PUBLICATION OF LAUNCH STRATEGY AND KEY MILESTONES
Executive Summary
In order to enhance the overall performance of the market data real time feed, Euronext is
implementing a significant architecture, software and hardware upgrade within the XDP infrastructure
that hosts the Euronext Amsterdam, Brussels, Lisbon and Paris Derivatives market data channels. The
go-live date for this upgrade is planned for 24 November 2014. The launch strategy and the key
milestones are communicated below with the aim of enabling clients to prepare their readiness
activities and plan resources required for the migration.
Following the Info-Flashes of 13 February 2014 and 15 May 2014 regarding the migration of Euronext’s
Derivatives market data channels to an upgraded XDP infrastructure later this year, Euronext is pleased to
provide clients with the key milestones leading up to the go-live, which is planned for Monday
24 November 2014.
LAUNCH STRATEGY FOR EURONEXT’S DERIVATIVES MARKET DATA FEED UPGRADE
Principles:
■ The schedule for the launch strategy avoids the key published dates of the ongoing NYSE Liffe to ICE
Migration, in particular the scheduled completion date of Monday 17 November 2014, so as to limit
disruption to any members who trade both markets.
■ All market data channels in scope will migrate over a single weekend (22 November 2014), thus
allowing all customers to benefit from the anticipated performance enhancement from the same
date.
■ For market data channels that currently carry both Liffe and Euronext products, also referred to as
single streams, the channels migration method used will allow the Liffe market data feed to be
separated from the Euronext market data feed. At go-live of the Euronext market data feed
upgrade, this will permit the new Service ID channels to carry Euronext products only, while the
existing Service ID channels may still be active, but will carry Liffe products only.
This Info-Flash is for information purposes only and is not a recommendation to engage in investment activities. Whilst all reasonable care has been
taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or
damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication shall
form the basis of any contract except as provided otherwise. Some information may be subject to regulatory approval. The Euronext Markets comprise
the markets operated by Euronext Amsterdam, Euronext Brussels, Euronext Lisbon, Euronext Paris and Euronext UK Markets, referred to respectively as
the Amsterdam, Brussels, Lisbon, Paris and London markets, as relevant. Euronext refers to Euronext N.V. and its affiliates. Information regarding
trademarks and intellectual property rights of Euronext is located at www.euronext.com/terms-use. © 2014, Euronext N.V. - All rights reserved.
Euronext N.V., PO Box 19163, 1000 GD Amsterdam, The Netherlands
www.euronext.com
INFO-FLASH
Channels migration method:
All market data channels in scope will migrate over the weekend of 22 November, as follows:
■ All market data Service ID channels which carry Euronext products will be renumbered as follows:
Current Service ID
Channel
Target Service ID
Realtime MD, RT StdD, Realtime MD, RT StdD,
Refresh MD, RFS StdD Refresh MD, RFS StdD
Equity & Index Derivatives – Level 1 (single stream)
1,101,51,151
701,751,801,851
Equity & Index Derivatives – Level 1& 2 (single stream)
2,102,52,152
702,752,802,852
Currency Derivatives – Level 1 (single stream)
3,103,53,153
702,753,803,853
Currency Derivatives – Level 1&2 (single stream)
4,104,54,154
704,754,804,854,
Euronext Commodity Derivatives – Level 1 (single stream)
5,105,55,155
705,755,805,855
Euronext Commodity Derivatives – Level 1&2 (single stream)
6,106,56,156
706,756,806,856
Amsterdam – Equity Derivatives
21,121,71,171
721,771,821,871
Amsterdam – Index Futures
22,122,72,172
722,772,822,872
Amsterdam – Index Options
23,123,73,173
723,773,823,873
Amsterdam – Equity Underlyings
24,124,74,174
Not available
Paris – Equity Derivatives
28,128,78,178
728,778,828,878
Paris – Index Futures
29,129,79,179
729,779,829,879
Paris – Index Options
30,130,80,180
730,780,830,880
Brussels – Equity & Index Derivatives
31,131,81,181
731,781,831,881
Lisbon – Equity & Index Derivatives
32,132,82,182
732,782,832,882
Currency Derivatives
36,136,86,186
736,786,836,886
Equity & Index Derivatives Value added + Open Interest
201,251
711,811
Currency Derivative Value added + Open Interest
202,252
712,812
Commodity Derivative Value added + Open Interest
203,253
713,813
■ For market data channels that currently carry both Liffe and Euronext products, also referred to as
single streams, the renumbering above will allow the Liffe market data feed to be separated from
the Euronext market data feed. At go-live of the Euronext market data feed upgrade, this will
permit the new Service ID channels to carry Euronext products only, while the existing Service ID
channels may still be active, but will carry Liffe products only.
■ We do not anticipate a change in bandwidth settings. However, following the Euronext market data
feed upgrade, as described above, the existing single stream Service ID channels may still be active
with any remaining Liffe products. Impacted customers should contact Euronext’s Technology
Partnerships team on tel. +33 (1) 49 27 58 29, email [email protected], to review
their current subscriptions and bandwidth, and determine the best option for their membership
and trading profile.
■ As announced in the Info-Flash of 22 May 2014, the BBO Cash Underlying Data, available in current
XDP Derivatives Service ID channels 1, 2 and 24, will be decommissioned at the go-live of the
market data feed upgrade. Customers currently using the BBO Cash Underlying data for Derivatives
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INFO-FLASH
are expected to migrate to the Cash Equities feed hosted on the XDP Cash infrastructure before the
end of the Derivatives market data migration.
KEY MILESTONES
Target migration date:
Date
Description
24 Nov 2014
Derivatives market data real time feed upgrade go-live
Interim milestones:
Date
Description
10 July 2014
Target network configuration (IP addresses/ports) provided to customers for both the EUA
Next and EUA Current testing platforms and the production platform. Customers will be able
to prepare/adapt their network configuration (firewalls) in advance.
Mid-August
2014
EUA Next connectivity testing will be available. Customers will be able to telnet the
EUA Next refresh and retransmit servers (excluding multicast).
Late August
2014
EUA Next platform upgraded (from this point, all market data channels will only be available
via the new EUA Next platform IP addresses). Customers will be able to test the changes and
conduct non-regression tests.
Early Sept
2014
EUA Next XDP high-availability mechanism testing will be available. Customers will be able
to join weekly XDP failure testing sessions on EUA Next platform.
Mid Sept 2014
Production connectivity testing will be available. Customers will be able to telnet the Target
production refresh and retransmit servers (excluding multicast).
11 Oct 2014
Production connectivity rehearsal weekend #1. Customers will be able to receive heartbeat
and log on to the RTS/RFS on the Target production platform.
25 Oct 2014
Production connectivity rehearsal weekend #2. Customers will be able to receive heartbeat
and log on to the RTS/RFS on the Target production platform.
30 Oct 2014
Client readiness sign-off on both EUA functional/high-availability mechanism and
Production connectivity
22 Nov 2014
Migration of Euronext’s Derivatives market data channels to an upgraded XDP infrastructure
Notes:
-
The EUA Current platform upgrade will take place at a later stage to the EUA Next platform
upgrade, and the related timeline will be communicated in due course.
-
The dates listed above are relevant to all customers, whether co-located or remote. While it is not
mandatory, client participation is highly recommended during at least one of the two rehearsal
weekends.
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INFO-FLASH
-
Further background to the project and the changes can be found in the Info-Flashes of 15 May 2014
and 22 May 2014.
DOCUMENTATION
In order to reflect the renumbering of the Service ID channels, the Client Specifications document has been
updated and is available in the Developer Diary:
■ Euronext Derivatives XDP Client Specifications - V2.2
For further information in relation to this Info-Flash, contact your relationship manager at
[email protected] or:
Technology Partnerships
+33 (1) 49 27 58 29
[email protected]
CTSG
+33 (1) 49 27 50 92
[email protected]
EMS Derivatives desk
+31 (0)20 550 5050
[email protected]
EMS Equities desk
+33 (0)1 49 27 5010
[email protected]
EMS Structured Product desk
+33 (0)1 49 27 5030
[email protected]
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