Dear Cboe Europe Equities Participants,
As part of Cboe's Brexit programme
Where a Participant conducts cross border trading without appropriate Transaction Reporting solution configuration
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.
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
· End of Day ETRs Only:
o Order Flow:
§ CrossJurisd. order with invalid TRO: eod_etrs.
§ CrossJurisd. EodETR cannot be BENC and NPFT.
§ CrossJurisd. EodETR not qualifying as PRIC.
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
§ 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
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/
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.