MEFF Gateway

7.18.25.11

Released: Dec 15, 2017 File Size: 0
Package Contents:
No notes available.

Important Notes

MEFF Gateway 7.18.25 is released to support the T5 upgrade, including functionality implemented for MiFID II, which comes into force on January 3, 2018.

Why Should I Upgrade?

 MEFF Gateway 7.18.25 is released to support the T5 upgrade, including functionality implemented for MiFID II, which comes into force on January 3, 2018.
 
Customers must upgrade all MEFF Gateways prior to the market open on January 3.
 
In addition, MEFF Gateway 7.18.25 supports MiFID II Compliance.  For details on Customer Defaults, Algo Defaults and MiFID related updates, please refer to X_TRADER Support for MiFID II.
 
This release also introduces support for Duplicate Order Check functionality, which may be enabled via TT User Setup. When enabled, This check triggers an order rejection for an order with the same instrument and price as another order submitted on the same account/account group that has exceeded the configurable threshold of duplicate orders allowed over a rolling window of 1 second. Additional details on this functionality may be found here.

System Requirements

 MEFF Gateway 7.18.25 is released to support the T5 upgrade, including functionality implemented for MiFID II, which comes into force on January 3, 2018.
 
Customers must upgrade all MEFF Gateways prior to the market open on January 3.
 
In addition, MEFF Gateway 7.18.25 supports MiFID II Compliance.  For details on Customer Defaults, Algo Defaults and MiFID related updates, please refer to X_TRADER Support for MiFID II.
 
This release also introduces support for Duplicate Order Check functionality, which may be enabled via TT User Setup. When enabled, This check triggers an order rejection for an order with the same instrument and price as another order submitted on the same account/account group that has exceeded the configurable threshold of duplicate orders allowed over a rolling window of 1 second. Additional details on this functionality may be found here.

Installation Notes

Values required when submitting orders to MEFF for MiFID II compliance, may now be set in Customer Defaults using X_TRADER 7.17.80 and TT User Setup 7.17.84. For details on configuring the appropriate values in Customer Defaults, please refer to X_TRADER Support for MiFID II.
 
Full details on required fields by exchange may be found here.
 
IMPORTANT NOTE: Because many customers will not yet have client applications upgraded to support configuration of the MiFID II fields, we have implemented a parameter which will send default values for these required tags. To turn this feature on, the following section and  parameter should be added to the MEFFflavorhostinfo.cfg:
 
[OrderServer]
UseDefaultMiFID=1
 
When the UseDefaultMIFID parameter is set to 1, the following values will be submitted on orders:
 
Trading Capacity: AOTC
Investment Decision: 3
Execution Decision: 1234
Client ID: 111
 

Enhancements

 

Fixes

 

Known Issues

 Currently, Request for Cross orders on Flex products are not supported. This will be addressed in an upcoming release.