Friday 28th November 2014
NEWS TICKER: THURSDAY, NOVEMBER 27TH 2014: The Straits Times Index (STI) ended -8.70 points lower or -0.26% to 3340.96, taking the year-to-date performance to +5.56%. The FTSE ST Mid Cap Index declined -0.11% while the FTSE ST Small Cap Index declined -0.43%. The top active stocks were SingTel (-0.26%), DBS (-0.25%), ThaiBev (-4.38%), Suntec REIT (+0.26%) and OCBC Bank (+0.10%). The outperforming sectors today were represented by the FTSE ST Health Care Index (+0.47%). The two biggest stocks of the FTSE ST Health Care Index are Raffles Medical Group (-0.52%) and Biosensors International Group (+2.75%). The underperforming sector was the FTSE ST Basic Materials Index, which declined -2.14% with Midas Holdings ’ share price declining -5.09% and Geo Energy Resources’ share price gaining +2.33%. The three most active Exchange Traded Funds (ETFs) by value today were the IS MSCI India (+0.26%), United SSE 50 China ETF (-0.57%), STI ETF (+0.59%). The three most active Real Estate Investment Trusts (REITs) by value were Suntec REIT (+0.26%), Ascendas REIT (-0.86%), CapitaCom Trust (-0.89%). The most active index warrants by value today were HSI24400MBeCW141230 (-15.73%), HSI23800MBePW150129 (+6.45%), HSI23600MBePW141230 (+11.11%). The most active stock warrants by value today were DBS MB eCW150602 (+3.33%), UOB MB eCW150415 (+5.23%), UOB MB eCW150102 (+2.38%) - Moody's has withdrawn the rating of Rossiyskiy Kredit Bank's Caa3 long-term local- and foreign-currency deposit ratings, the Not Prime short-term deposit ratings and the E standalone bank financial strength rating (BFSR), equivalent to a caa3 baseline credit assessment. The ratings agency says the rating has been withdrawn for its own business reasons At the time of the withdrawal, the outlook on the bank's long-term ratings was negative while the standalone E BFSR carried a stable outlook - Malaysian builder MMC Corp Bhd said earlier today that it will list its power unit Malakoff Bhd (IPO-MALB.KL) in a deal bankers expect to raise more than $1bn dollars. The IPO, for up to 30.4% of Malakoff's capital, was deferred earlier this year and approval from the Securities Commission lapsed as a result. MMC, controlled by reclusive Malaysian tycoon Syed Mokhtar Al-Bukhary, will resubmit the application within one month and expects the deal to be completed by second quarter of 2015, according to a local stock exchange filing – According to local press report the newly minted Somalia Stock Exchange expects seven companies in the telecoms, financial services and transport sectors to list when it is set up in 2015. Somalia's economy is slowly recovering from more than two decades of conflict, although the government is still battling an Islamist insurgency. Amid the chaos, some businesses have thrived, including money transfer and mobile phone firms. The Somalia Stock Exchange has opened administrative offices in Mogadishu and other Somali centres like Kismayu, as well as in Nairobi, to help recruitment and in other related issues - Moody's has upgraded to Baa1 from Baa2 the long-term deposit ratings of China CITIC Bank International Limited, and affirmed the bank's P-2 short-term deposit ratings. The bank's senior unsecured MTN program rating and deposit note/CD program ratings are also upgraded to (P)Baa1/Baa1 from (P)Baa2/Baa2, while the short-term deposit note/CD program ratings are affirmed at (P)P-2. The bank's baseline credit assessment (BCA) is unchanged at baa3. The outlook on all the ratings is stable. The rating action concludes Moody's review for upgrade for China CITIC Bank International, which was initiated on September 2nd this year, after the senior unsecured bond rating of its ultimate parents CITIC Group Corporation and CITIC Limited (formerly CITIC Pacific Limited) were upgraded to A3 from Baa2. CITIC Group Corporation, wholly owned by China's Ministry of Finance, owns 78% of CITIC Limited, which in turn owns 67% of China CITIC Bank.

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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