Cboe Global Markets

Release Notes

Dear Cboe Europe Equities Participants,

As part of Cboe's Brexit programme, effective Friday 23rd October 2020, Cboe will enforce that for cross border trading in the Certification (UAT) environment, Participants must have appropriate Transaction Reporting solution configuration in place at the port order entry level. This enforcement will provide Participants with a Certification environment that reflects the behaviour to be expected in the Production environment, effective Monday 4th January 2021, when the Brexit transition period will have ceased.

Where a Participant conducts cross border trading without appropriate Transaction Reporting solution configuration in place, orders and ETRs will be rejected with the below reason. Participants should contact the Trade Desk where these rejections are received to discuss their Transaction Reporting setup.

Where No Transaction Reporting Methodology is in place and you are attempting cross border trading you will see one of the below:

· Order Flow

o CrossJurisd. order with invalid TRO: no_rpts.

· ETRs:

o CrossJurisd. ETR with invalid TRO: no_rpts.

Where a Transaction Reporting solution is configured for the 'DEAL' or 'End of Day ETRs Only' methodologies you may receive the below rejections for non-confirming flow, please contact the Trade Desk should you see these rejections.

· End of Day ETRs Only:

o Order Flow:

§ CrossJurisd. order with invalid TRO: eod_etrs.

o ETRs:

§ CrossJurisd. EodETR cannot be BENC and NPFT.

§ CrossJurisd. EodETR not qualifying as PRIC.

· DEAL:

o Order Flow:

§ Order Capacity must be DEAL

§ Unknown InvestorID

§ InvestorID required for DEAL Transaction Reporting

§ Unknown ExecutingTrader

§ ExecutingTrader ID required for DEAL Transaction Reporting

§ MiFID Short Codes required for DEAL Transaction Reporting

o ETRs:

§ ETRs not allowed with Deal Transaction Reporting

Participants who are conducting cross border trading in the Certification environment but do not intend on doing so in Production from Monday 4th January 2021, are encouraged to migrate their testing activities to the appropriate jurisdictional Certification platform. Additional logical ports can be requested free of charge through https://certification.batstrading.co.uk/account/port_request/.

Please contact the Trade Desk or your Account Manager if you have any questions.

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.com >
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