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TRADING SYSTEM |
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As TradElect introduces trade report validations, will the price limits be more than 20%? |
Trade report validation parameters are set as a multiplier of (10). |
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Do the usage of multiple Trader Groups display multiple participants’ mnemonic’s on the price display screen? |
No all information will be displayed at the member ID level. Trader Groups are not disseminated within the reference data and are only visible to both the exchange and the participant. |
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Do I need to fill out any forms to register for Trader Groups? |
Yes you will need to complete a brief trader group id form which will be available from the Client Implementation team. |
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How do I find out more about TradElect? |
Documentation can be found on our website www.londonstockexchange.com/TradElect.
Alternatively please contact your Primary Account Manager who will be able to provide you with additional information. |
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How does this fit in with MiFID? |
The current MiFID timescale is for November 2007. There is no reliance on TradElect being in place and we are confident that compliance with MiFID is achievable with the current system. We are obtaining customer feedback on the level of impact MiFID and the new trading enhancements are expected to have on the Market. |
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What was the market consultation process? |
The Exchange consulted with a wide variety of our customers over the past 12 months and will continue to do so as and when appropriate. |
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Will you be supporting Fix on the new Trading System |
TradElect is designed with the flexibility to incorporate new message formats and protocols. We are currently consulting with the Market to identify the level of interest in a Fix interface. |
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Will Fix replace the current interface? |
No, the current interface will be maintained alongside any new formats/protocols that may be employed. |
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Is the new system faster? |
TradElect is significantly faster than the previous trading system. |
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What new functionality does TradElect offer? |
In summary, TradElect has the ability to offer enhanced order book trading (inc. basket and parked orders), executable quotes, enhanced dual-sided trade reporting, own execution reports and greater support for DMA trading. These are just some of the enhancements. Please see your TAM for full details. |
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What detailed information is available? |
A series of technical and business guidance notes have been issued and will continue to issued as the programme develops |
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Contact Us |
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Who do I contact for support and queries? |
Your technical account manager will continue to provide all technical support and can be contacted directly through the Technical Information Desk 020 7797 3939, STX 33939 or e-mail ctgroup@londonstockexchange.com. In addition, information will be available in the Technical Library online and you can contact your Primary Account Manager and Customer Implementation Team Contact. |