Saturday 4th July 2015
NEWS TICKER: FRIDAY, JULY 3rd: Euronext says trading volumes for June 2015 and enterprise-wide activity for the first half year. During the first six months of 2015, Euronext posted the strongest six-month performance since the end of 2011 supported by favourable economic conditions. June average daily transaction value on the Euronext cash order book stood at €9,202m (+54% compared with June 2014). Activity on ETFs remained particularly dynamic last month with an average daily transaction value at €587m, up 106% compared to June 2014. Cash markets saw a material increase in trading activity across the first half of 2015, with an average daily transaction value for the period up 35% vs 2014. During this period, Euronext experienced three of the ten highest volume traded days since January 2012, and on march 20th the strongest single day of trading cash products of €18bn since the same date. In the meantime, the continued focus on nurturing domestic market share meant it returned to 65% for the month of June in a highly competitive environment - Morningstar has placed the Morningstar Analyst Rating for the Mirabaud Equities Swiss Small and Mid-fund Under Review following the appointment of new portfolio manager, Paul Schibli. The fund previously held a Neutral rating. Morningstar manager research analysts will meet with the new manager soon to reassess Morningstar’s opinion on the fund - Moody’s has today changed the outlook on all ratings of Bridge Holdco 4 Ltd, the ultimate holding company for Bridon Group, to stable from positive. Concurrently, the group's B3 Corporate Family Rating (CFR), B3-PD Probability of Default Rating (PDR) as well as the B2 instrument rating on the USD286 million senior secured first lien term loan, $40m senior secured revolving credit facility and the Caa2 rating on the $111m senior secured second lien term loan borrowed by Bridge Finco LLC have been affirmed - Subsea 7 S.A. repurchase of convertible bonds has filed a notice with the Luxembourg stock exchange that it has repurchased convertible bonds worth $10m in nominal value at an average price of 91.5 of the $700m 1% Subsea 7 S.A. Convertible Bond Issue 2012/2017 (ISIN NO: 001066116.8). Following the purchase, the Company holds bonds with an aggregate nominal value of USD 91,800,000 representing approximately 13.1% of the 1.00% Subsea 7 S.A. Convertible Bond Issue 2012/2017 - Bellpenny says that its CEO, Kevin Ronaldson, will step down later this year to become ‘Founder Director’ of the business. Nigel Stockton, who has been a director of Bellpenny since inception, will, subject to FCA approval, become the new CEO. The changes are expected to take effect in September - The Straits Times Index (STI) ended 14.89 points or 0.45% higher to 3342.73, taking the year-to-date performance to -0.67%. The top active stocks today were DBS, which gained 2.00%, Singtel, which closed unchanged, Global Logistic, which declined 0.39%, Ascendas REIT, which gained 0.42% and UOB, with a 0.43% advance. The FTSE ST Mid Cap Index gained 0.16%, while the FTSE ST Small Cap Index declined 0.30%. Outperforming sectors today were represented by the FTSE ST Financials Index, which rose 0.69%. The two biggest stocks of the Index - DBS Group Holdings and OCBC- ended 2.00% higher and 0.79% higher respectively. The underperforming sector was the FTSE ST Basic Materials Index, which slipped 0.89%. Midas Holdings shares declined 1.56% and NSL increased 0.67%.

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Chi-X will migrate to BATS Technology at end of April

Friday, 20 April 2012
Chi-X will migrate to BATS Technology at end of April We provide some of the details necessary for traders with the planned migration of Chi-X onto the BATS Technology platform at the end of April. http://www.ftseglobalmarkets.com/

We provide some of the details necessary for traders with the planned migration of Chi-X onto the BATS Technology platform at the end of April.


BATS Chi-X Europe confirms that the Chi-X Europe migration will occur on Monday, 30th April 2012.

Pricing



All pricing for order book and onward routing executions will remain unchanged after the technology migration. The current Spanish market pricing promotion on Chi-X Europe will continue on the CXE order book of BATS Chi-X Europe until 30th June 2012.

The consolidated pricing schedule is available for download at the following link http://batstrading.co.uk/resources/participant_resources/BATSEuro_Pricing.pdf

Order Routing

All order routing facilities available on Chi-X Europe (CXE) and BATS Europe (BXE) will continue after the technology migration. In addition, lit venue order routing with the Parallel D and 2D strategies, which are currently available to BXE participants only, will also be available for customers connecting to CXE FIX or BOE order entry ports.  Participants that wish to utilise onward routing facilities but have not already completed a BATS Trading Limited order routing addendum will need to ensure an order routing addendum is in place. The order routing addendum is available for download from the following link: http://www.batstrading.co.uk/resources/participant_resources/BATS_CXE-Client_Order_Routing_Addendum.pdf

Billing

For existing participants of BXE, billing options and the billing process remain unchanged.  For existing participants of CXE please note that the billing options and billing process will align with BXE from 30th April 2012. Guidance on billing options is available for download at the following link: http://www.batstrading.co.uk/resources/participant_resources/BATSEuro_Billing.pdf

Go-Live Weekend Schedule (Thursday 26th – Monday 30th April 2012):

Note all times below are UK

  • Thursday, 26th April at 16.00: Change Freeze – No new Production port requests will be processed after this time, until Monday 30th April, available for Tuesday 1st May.
  • Thursday, 26th April at 17.50: The old Chi-X Europe Certification (UAT) environment will be shut down.
  • Friday, 27th April at 17.50:  The old Chi-X Europe Production environment will be shut down.
  • Saturday, 28th April 2012 08.00 - 12.00: FIX and BOE application ports on the new Chi-X Europe (CXE) environment will be available for participants to conduct session logon and heartbeat tests. 
  • Saturday, 28th April 2012 at 13.00:  Chi-X Europe Go-Live Communication #1.  If all migration work has been successfully completed, then this will be the final weekend communication.
  • Saturday, 28th April 2012 at 18.00:  Chi-X Europe Go-Live Communication #2.  In the unlikely event that there are migration difficulties, then a further notice will be issued to communicate either go or no-go for Monday, 30th April.
  • Monday, 30th April 2012 at 06.30: Participants will be able to logon and establish application level connectivity to all CXE ports in the new environment.
  • Tuesday, 1st May 2012 at 17:00: The old Chi-X Europe FTP server will be shut down.

Note that all TCP ports will be available for telnet network connectivity tests throughout the weekend and multicast feeds will heartbeat, this is the standard BATS Chi-X Europe configuration outside of trading hours.

In the event of any issues over the weekend, Participants will be kept informed via the normal email distribution channels as well as via the BATS Chi-X Europe Alerts webpage: http://www.batstrading.co.uk/alerts/.

Go-Live Schedule Monday, 30th April 2012:

 Time Activity
04:00 Reference Data Files Available
06:30 Connectivity available to all CXE BOE, FIX, PITCH and DROP, GRP & SPIN ports
06:30 NOC & TradeDesk available for any connectivity issues
08:00 Start of Trading – Market Open

Rollback Approach:

In the event of any unexpected issues, the following contingency plans will be invoked Action
Irresolvable problems over Go-Live weekend. Trading to continue on old technology platform on Monday.  Expect this to be communicated by 18.00 on Saturday if so.
Post go-live site failure on Monday (or later). Invoke Secondary Datacentre (LD3)
Post go-live software or other system problems on Monday. Resolve if possible, if not, resume trading next day on the old technology platform.

Contacts

Connectivity:                                                     NOCEurope@batstrading.com">NOCEurope@batstrading.com  +44.207.012.8905

Application or Trading Queries:                TradeDeskEurope@batstrading.com">TradeDeskEurope@batstrading.com  +44.207.012.8901

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