Release Notes
Dear Cboe Europe Equities Participants,
Please take note of the following changes to Irish securities traded on the Cboe NL and Cboe UK venues.
Irish Market
The below listed securities using the XDUB MIC code will be settled at Euroclear Bank (MGTCBEBE) by your Central Counterparty (CCP) / Clearing Member, effective trade date Monday 15th March 2021.
The XDUB securities not listed below will not migrate on the effective date and will remain settled at Euroclear UK & Ireland (EUI) until the end of June 2021. Those securities will be identified in the Cboe Reference Data Files
XDUB Securities Moving Settlement to Euroclear Bank*:
Name
Company Name
ISIN
Market
Currency
Current CSD
Future CSD
GL9i
Glanbia PLC
IE0000669501
XDUB
EUR
CRSTGB22XXX
MGTCBEBE
CRGi
CRH PLC
IE0001827041
XDUB
EUR
CRSTGB22XXX
MGTCBEBE
EG7i
FBD Holdings PLC
IE0003290289
XDUB
EUR
CRSTGB22XXX
MGTCBEBE
KRZi
Kerry Group PLC
IE0004906560
XDUB
EUR
CRSTGB22XXX
MGTCBEBE
KRXi
Kingspan Group PLC
IE0004927939
XDUB
EUR
CRSTGB22XXX
MGTCBEBE
T7Oi
Total Produce PLC
IE00B1HDWM43
XDUB
EUR
CRSTGB22XXX
MGTCBEBE
SK3i
Smurfit Kappa Group PLC
IE00B1RR8406
XDUB
EUR
CRSTGB22XXX
MGTCBEBE
OIZi
Origin Enterprises PLC
IE00B1WV4493
XDUB
EUR
CRSTGB22XXX
MGTCBEBE
BIRGi
Bank of Ireland Group PLC
IE00BD1RP616
XDUB
EUR
CRSTGB22XXX
MGTCBEBE
GVRi
Glenveagh Properties PLC
IE00BD6JX574
XDUB
EUR
CRSTGB22XXX
MGTCBEBE
KMRi
Kenmare Resources PLC
IE00BDC5DG00
XDUB
EUR
CRSTGB22XXX
MGTCBEBE
A5Gi
AIB Group PLC
IE00BF0L3536
XDUB
EUR
CRSTGB22XXX
MGTCBEBE
GRPi
Greencoat Renewables PLC
IE00BF2NR112
XDUB
EUR
CRSTGB22XXX
MGTCBEBE
HBRNi
Hibernia REIT plc
IE00BGHQ1986
XDUB
EUR
CRSTGB22XXX
MGTCBEBE
IRESi
Irish Residential Properties REIT PLC
IE00BJ34P519
XDUB
EUR
CRSTGB22XXX
MGTCBEBE
UPRi
Uniphar PLC
IE00BJ5FQX74
XDUB
EUR
CRSTGB22XXX
MGTCBEBE
DHGi
Dalata Hotel Group PLC
IE00BJMZDW83
XDUB
EUR
CRSTGB22XXX
MGTCBEBE
IR5Bi
Irish Continental Group PLC
IE00BLP58571
XDUB
EUR
CRSTGB22XXX
MGTCBEBE
MLCi
Malin Corp PLC
IE00BVGC3741
XDUB
EUR
CRSTGB22XXX
MGTCBEBE
IL0Ai
Permanent TSB Group Holdings PLC
IE00BWB8X525
XDUB
EUR
CRSTGB22XXX
MGTCBEBE
FLTRi
Flutter Entertainment PLC
IE00BWT6H894
XDUB
EUR
CRSTGB22XXX
MGTCBEBE
C5Hi
Cairn Homes PLC
IE00BWY4ZF18
XDUB
EUR
CRSTGB22XXX
MGTCBEBE
RY4Ci
Ryanair Holdings PLC
IE00BYTBXV33
XDUB
EUR
CRSTGB22XXX
MGTCBEBE
*This list may be updated in future notices as Cboe become aware of additional securities migrating to Euroclear Bank.
UK Market - Irish Securities
Effective Monday 15th March 2021, Irish securities which are traded on Cboe UK under the "XLON" listing market MIC code will continue to be settled in EUI, but will settle as Crest Depository Interest ("CDI").
Clearing Authority
To ensure continued access to XDUB securities on Cboe NL and Cboe UK, Participants will be required to have a clearing authority for Euroclear Bank settlement. Please speak to your CCP / General Clearing Member to update this paperwork where required.
Cboe Reference Data
Participants can identify the settlement location of securities traded on Cboe NL and Cboe UK by using the Cboe Reference Data Files
Testing
These changes are now available in Cboe test (Certification) environments. The updated CSD values are available in the Certification Reference Data Files
All current and historical Cboe Europe notices, including symbol universe updates, are available online at http://markets.cboe.com/europe/equities/notices/schedule_update/.
Please contact the Trade Desk
Trade Desk,
Cboe Europe Equities
T: +44 20 7012 8901 (UK); +31 20 299 6801 (NL)
E: [email protected]
* Cboe Europe Limited is a Recognised Investment Exchange regulated by the Financial Conduct Authority.
* Cboe Europe BV is licensed to operate a Regulated Market, Multilateral Trading Facility and Approved Publication Arrangement by the Dutch Authority for the Financial Markets.
Dear Cboe Europe Equities Participants
Further to the previous notice
Participants are encouraged to review and correct their RTS 24 registrations through the new RTS 24 Identifier Management app or API endpoints at the earliest convenience.
Migration Timeline
Date
CERT or PROD
Functionality
Action Required
Additional Notes
Monday 22 March 2021
CERT
New Identifier Management app and API endpoints available per UK and NL venue
The new Identifier Management web app replaces the existing web app within the Cboe Participant Portal
Participants should ensure their processes switch to maintain identifiers through the new Identifier Management app and API endpoints. Participants should stop using the existing API endpoints to prevent data being overwritten.
Participants should test their registration uploads meet the newly introduced validation rules prior to the upcoming Production release
Cboe Participant Portal users with the 'MiFID II Short Code Registration' privilege will automatically be given access to the new Identifier Management app and API. If you require access to the tool you should contact your firm's Account Admin who will provide this.
Friday 16 April 2021
PROD
New Identifier Management app and API endpoints available per UK and NL venue
The new Identifier Management web app replaces the existing web app within the Cboe Participant Portal
Participants should ensure their processes switch to maintain identifiers through the new Identifier Management app and API endpoints. Participants should stop using the existing API endpoints to prevent data being overwritten.
Cboe Participant Portal users with the 'MiFID II Short Code Registration' privilege will automatically be given access to the new Identifier Management app and API. If you require access to the tool you should contact your firm's Account Admin who will provide this.
Monday 03 May 2021
CERT
Existing Identifier Management API endpoints are sunset
Friday 07 May 2021
PROD
Existing Identifier Management API endpoints are sunset
Key Migration Points
* This is a mandatory migration for all Participants currently using the Identifier Management app or API endpoints, who are required to migrate to a new venue specific Identifier Management app and new API endpoints. In addition it is mandatory for all Participants to ensure any long codes in use are of the correct type and format for each venue with long code validations in line with Annex II of the Annex to RTS22
* The new Identifier Management app and new API endpoints will include additional validation for UK and EU venues that may result in rejected registration rows if they fail the new validation described in the 'Validation at Registration' section below and in full within the new Identifier Management Specification
* The new Identifier Management app will replace the existing app in Production effective Friday 16th April. It will then no longer be possible to use the existing app.
* The new Identifier Management API endpoints will be available in Production effective Friday 16th April. The existing Identifier Management API endpoints will be available in parallel alongside the new endpoints until the existing are sunset in Production on Friday 7th May. Registrations through the existing API endpoints will be duplicated to the UK and EU venues until the existing API endpoints are sunset. Participants who use both the Identifier Management app and API endpoints should ensure they migrate to the new API endpoints as soon as released, since registrations through the existing API endpoints are duplicated to the UK and EU venues.
* The new Identifier Management web app URLs and API endpoints are documented in the new Identifier Management Specification
* Cboe Participant Portal users with the Identifier Management privilege will receive weekly reports of non-compliant Identifier Management registrations that have been actively used during the last week. The reports will require a review and correction at the earliest convenience.
Validation at Registration
The new Identifier Management app and API endpoints introduce a series of validation rules for the supplied long codes. Validation errors will result in an error message in the Message column described below and can result in either:
* the row not being processed correctly, in which case there will be 'N' in the Processed column
* or a warning associated with the uploaded long code that does not prevent it from being processed, in which case there will be 'Y' in the Processed column
Message
Type
Applicable To
Description
Action Required
Contains invalid characters
Error
Algos
The ID contains invalid characters
The ESMA specification for an alphanumeric pattern only allows uppercase letters and digits. All other characters (including whitespace) are invalid. Remove these other characters from your identifiers.
Unknown LEI
Error
Entity
The LEI is not recognised as a current (or expired LEI)
Confirm LEI is valid
Does not start with a valid country code
Error
Natural Person
A natural person identifier should always start with a valid ISO two letter country code
Upload a valid identifier starting with a valid country code
CONCAT is not allowed at any priority for this country
Error
Natural Person
CONCAT is not allowed for some countries
Upload a valid non-CONCAT identifier
Identifier is not CONCAT, but first priority identifier for this country is CONCAT
Error
Natural Person
For some countries, CONCAT is the first priority identifier
In this case a CONCAT identifier needs to be uploaded. As it is always possible to create a CONCAT identifier, no other form of identifier is valid for these countries.
Does not match any valid identifier for country code GB
Error
Natural Person
The identifier supplied for the trader does not match a valid scheme (including CONCAT)
Provide a valid identifier for this trader based on the venue they are trading on (see next two errors for more details)
Passport number supplied for a UK trader on the UK venue
Error
Natural Person
UK traders on the UK venue need to be identified by NI number (unless they don't have one)
Provide the NI number as the identifier for this trader on the UK venue or use CONCAT if the trader does not have an NI number
National Insurance number supplied for a UK trader on the NL venue
Error
Natural Person
UK traders on the NL venue need to be identified by Passport number (unless they don't have one)
Provide the passport number as the identifier for his trader on the NL venue or use CONCAT if the trader does not have an NI number
Identifier is CONCAT but CONCAT is not first priority identifier for this country
Warn
Natural Person
CONCAT should only be used as a fall back if the person does not have a higher priority identifier (unless CONCAT is the first priority identifier for that country)
Upload a higher priority identifier. Cboe will review the use of CONCAT identifiers periodically and may require confirmation that the person referenced in the short code does not have a higher priority identifier. Eg they have no NI Number or Passport number (for UK nationals).
Does not match valid scheme for country
Warn
Natural Person
The identifier provided does not match a scheme that Cboe validation considers valid
Review the identifier and upload a corrected identifier. If you still consider the identifier to be valid, raise with Cboe along with a source or reference to show that it is valid. Cboe will periodically review invalid identifiers. Common mistakes:
* National Identifiers for Finnish nationals need to include the century mark (one of +,-,A)
* On top of the above validation rules a file size limit of 3MB applies to every registration upload
Participants are encouraged to utilise Cboe's Certification platform to confirm uploads through the new Identifier Management app or API endpoints are processed correctly prior to promoting these changes to Production.
If you have any questions then please contact the Trade Desk
All current and historical Cboe Europe Equities notices, including symbol universe updates, are available online at https://markets.cboe.com/europe/equities/notices/release_notes/
Trade Desk,
Cboe Europe Equities
T: +44 20 7012 8901 (UK); +31 20 299 6801 (NL)
E: [email protected]
* Cboe Europe Limited is a Recognised Investment Exchange regulated by the Financial Conduct Authority.
* Cboe Europe BV is licensed to operate a Regulated Market, Multilateral Trading Facility and approved Publication Arrangement by the Dutch Authority for the Financial Markets.
Dear Cboe UK Participants,
Further to the previous notice
Availability of Zurich listed securities
Re-admitted Zurich listed securities will be available to trade on the following services:
* BXE Lit, Dark and Periodic order books, Cboe Closing Cross (3C) and ETRs
* CXE Lit, Dark order books and ETRs
* Cboe UK LIS (LISX)
Pricing
* Re-admitted Zurich listed securities will be included into all existing BXE and CXE trading tariffs
* As an additional benefit, Blue Chip Zurich listed securities will be included into the Additional Liquidity Provider Scheme (A-LPS) on the CXE Lit Order Book
* Liquidity Providers are reminded to register for Zurich listed securities as required
* The updated Trading Price list detailing the A-LPS is available for download here Trading Price List
Clearing
* Participants should ensure they have valid clearing permissions for Zurich listed securities on Cboe UK for trading. Participants should contact our Participant Services
For further details please contact your Account Manager
Thanks for your continued support.
Trade Desk,
Cboe Europe Equities
T: +44 20 7012 8901 (UK); +31 20 299 6801 (NL)
E: [email protected]
* Cboe Europe Limited is a Recognised Investment Exchange regulated by the Financial Conduct Authority.
Dear Cboe UK Participants,
Further to the previous notice
* Notify venues previously captured by the Ordinance on the Recognition of Foreign Trading Venues
* Add venues to the list of Recognised Foreign Trading venues
Cboe will review the status of this daily and send a further Trade Desk notice to confirm once the date of re-admission is known. Please find attached the list of symbols which will be re-admitted for trading to Cboe UK.
For further details please contact your Account Manager
Thanks for your continued support.
Trade Desk,
Cboe Europe Equities
T: +44 20 7012 8901 (UK); +31 20 299 6801 (NL)
E: [email protected]
* Cboe Europe Limited is a Recognised Investment Exchange regulated by the Financial Conduct Authority.
Dear Cboe UK Participants,
Cboe UK (Cboe) is pleased to announce that Swiss (Zurich) listed securities are expected to be re-admitted to Cboe UK for trading, subject to regulatory approval, effective Wednesday 3rd February, 2021.
Availability of Zurich listed securities
Re-admitted Zurich listed securities will be available to trade on the following services:
* BXE Lit, Dark and Periodic order books, Cboe Closing Cross (3C) and ETRs
* CXE Lit, Dark order books and ETRs
* Cboe UK LIS (LISX)
Pricing
* Re-admitted Zurich listed securities will be included into all existing BXE and CXE trading tariffs
* As an additional benefit, Blue Chip Zurich listed securities will be included into the Additional Liquidity Provider Scheme (A-LPS) on the CXE Lit Order Book
* Liquidity Providers are reminded to register for Zurich listed securities as required
* The updated Trading Price list detailing the A-LPS is available for download here Trading Price List
Clearing
* Participants should ensure they have valid clearing permissions for Zurich listed securities on Cboe UK for trading. Participants should contact our Participant Services
Testing and Production Availability
* The BXE and CXE UAT environments can be used for testing from tomorrow (Tuesday 26th January, 2021)
* The BXE and CXE Certification UAT Reference Data Files
* The symbols will be available in Production including the CXE Lit A-LPS "setter_size" value in the Production Reference Data Files
For further details please contact your Account Manager
Thanks for your continued support.
Trade Desk,
Cboe Europe Equities
T: +44 20 7012 8901 (UK); +31 20 299 6801 (NL)
E: [email protected]
* Cboe Europe Limited is a Recognised Investment Exchange regulated by the Financial Conduct Authority.
* Cboe Europe BV is licensed to operate a Regulated Market, Multilateral Trading Facility and Approved Publication Arrangement by the Dutch Authority for the Financial Markets.
Dear Cboe Europe Equities Participants,
Cboe Europe Equities (Cboe) would like to inform Participants trading EU symbols on both the Cboe UK (LISX) and Cboe NL (LISZ) venues, that they ensure they are referencing the correct LIS 'lis_local' value, as the values in this column differs between the UK (CXE) and NL (DXE) venue.
* The CXE Reference Data file
* The DXE Reference Data file
Trading on both the UK LIS (LISX) and NL LIS (LISZ) for EU symbols will only be supported using the higher LIS 'lis_local' value in the DXE Reference Data file
Please contact your Account Manager
All current and historical Cboe notices, including symbol universe updates, are available online at http://markets.cboe.com/europe/equities/notices/release_notes/.
Trade Desk
Cboe Europe Equities
T. +44 20 7012 8901 (UK); +31 20 299 6801 (NL)
E. [email protected]
* Cboe Europe Limited is a Recognised Investment Exchange regulated by the Financial Conduct Authority.
* Cboe Europe BV is licensed to operate a Regulated Market, Multilateral Trading Facility and Approved Publication Arrangement by the Dutch Authority for the Financial Markets.
Dear Cboe Europe Equities Participants
Cboe Europe (Cboe) would like to inform participants that all of its systems are operating normally, following the end of the Brexit transition period on 31st December 2020.
This includes the BXE, CXE, DXE, TRF (APA) and SIS environments, including the Trade Reporting GUI.
As expected, we have seen a shift in liquidity in EEA-listed symbols from Cboe UK to Cboe NL from the start of trading today (Monday 4th January 2021).
To confirm, all of the following services are available on DXE:
* DXE Lit Order Book - including Additional Liquidity Provider Scheme (A-LPS)
* DXE Dark Order Book
* DXE Periodic Auctions Book
* DXE Cboe Closing Cross (3C)
* Cboe LIS
Please contact the Trade Desk
All current and historical Cboe Europe Equities notices, including symbol universe updates, are available online at https://markets.cboe.com/europe/equities/notices/release_notes/
Trade Desk,
Cboe Europe Equities
T: +44 20 7012 8901 (UK); +31 20 299 6801 (NL)
E: [email protected]
* Cboe Europe Limited is a Recognised Investment Exchange regulated by the Financial Conduct Authority.
* Cboe Europe BV is licensed to operate a Regulated Market, Multilateral Trading Facility and Approved Publication Arrangement by the Dutch Authority for the Financial Markets.