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Wednesday, March 22, 2017

Futures Trader Alert #2017 - 7
Nasdaq Futures Enhancements SR .5 in Test Environment

Category:

  • System Impact

Markets Impacted:

Contact Information:

The following enhancements will be rolled out for SR .5 in the NFX Test Environment for the open session for March 22st 2107:

Automated Email Confirmations & Improved Trade Receipts:

  • An e-mail will be sent to each trader (for which the functionality is turned on) involved in a successfully entered trade report. The receipt included in the e-mail will include only the trade details where the trader is involved. For this functionality to be turned on, Traders will need to reach out to NFX Ops to request the accounts they will like this set up for.
    • FCM’s will also have the ability to add this feature when setting up the trader in CAST in the near future.
  • Trade Report ID and Reporting Broker will be added to trade receipts following the upgrade.

TradeGuard Product/Account/User Limit Removal & Improved Search Function:

  • TradeGuard (NFX’s PTRM application) will be updated, so that there are no limitations on the number Tradeables/Products in the Edit Limits section of each risk group.
  • Similarly, limitations on the number or Users in User based groups, and Accounts in Account based groups, will be removed.
  • The search function for Tradeables in TradeGuard’s, Current Consumption and Edit Limits fields will be improved. The use of the wildcard character (*) can be used to match any character.

Planning Year / Spring / Jun-Dec & Balance of Year term (Power):

To simplify trade entry in QPort for power terms, NFX will be adding the below terms. Selecting these standardized terms will guarantee the same contract code is kept throughout the term selected.

  • Planning Year / Spring / Jun-Dec / Balance of Year term

Cancel Message Improvement over FIX:

  • When an order gets cancelled due to Self-Match Prevention a more comprehensive rejection message will be disseminated detailing that the order cancellation stems from Self Match Prevention.

If you have any questions or would like to access the NFX test environment, please contact NFX Market Operations or call 215.496.5409.


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