Notice #19 – Go-Live Decision Confirmed
Dear AIX Trading Members,
We are pleased to inform you that AIX has successfully completed the trading system migration activities and has made a Go decision. The trading system upgrade will proceed as planned.
Reminder of actions for Monday, 6 April:
- The pre-opening session will begin at 09:30, providing additional time for Trading Members to establish connectivity and submit orders.
- The market will open at 11:30, as per the regular schedule.
- For the avoidance of doubt, AIX will not migrate or re-enter any open Orders as of Friday 3 April close-of-business on behalf of Trading Members.
- Trading Members are solely responsible for ensuring that their orders are correctly submitted.
- Market-Makers are expected to submit quotes in line with their obligations.
Should you encounter any issues, please contact us via the Teams channel or at [email protected].
Thank you for your cooperation.
Important Notice and Disclaimer (Capitalised terms used in this Notice have the meanings given to them in the AIX Business Rules)
Each Trading Member remains solely responsible for ensuring the adequacy of its systems, connectivity and overall operational readiness, as well as for compliance with all applicable requirements. Trading Members are reminded that, pursuant to Rule MR 2.1(4) of the AIX Membership Rules, they are required at all times to comply with the operational, procedural and technical requirements of AIX Trading Facilities and networks, as specified by AIX from time to time. All obligations of Trading Members shall continue in full force and effect throughout the migration period and thereafter, including those arising under the Membership Agreement and the AIX Business Rules.
AIX and its affiliates shall not be liable for any losses whatsoever, including but not limited to losses arising in connection with the migration, the Go-Live decision, or subsequent operation of the AIX ME, any errors, delays or interruptions in the processing of Orders, or any failure by AIX to process any Transactions initiated by a Trading Member.
Notice #18 – System migration schedule for April 3-6 - Updated Milestones
Dear AIX Trading Members,
Further to our previous communications, please find below updated milestones for the upcoming system migration days.
Migration Timeline
- Friday, 3 April: All Trading Members will have until 17:40 to download their open Orders from their Order Management System and / or WebTrader. All open Orders will be deleted from the AIX ME by the AIX Market Operations team after 17:40.
- Saturday, 4 April: Trading Members are kindly requested to establish connectivity to the Production platform between 11:00 and 14:00 and confirm accordingly via the Teams channel or by email to [email protected] . Following this, AIX will make the final Go / No-Go decision and relay this decision to Trading Members by email. In the unlikely event of a roll-back decision, all relevant tasks will start immediately.
- Sunday, 5 April: No scheduled activity.
- Monday, 6 April: The pre-opening session will start at 09:30, giving Trading Members additional time to establish connectivity and re-submit their open Orders to the new AIX ME. For the avoidance of doubt, AIX will not migrate or re-enter any Orders on behalf of Trading Members. Trading Members are solely responsible for re-submission of these open Orders to the new AIX ME. Market-Makers are expected to submit quotes in accordance with their obligations.
In addition, please note that the Test environment of the new trading platform will be unavailable from Friday, 3 April, to Monday, 6 April (inclusive).
Important Notice and Disclaimer
Each Trading Member remains solely responsible for ensuring the adequacy of its systems, connectivity and overall operational readiness, as well as for compliance with all applicable requirements. Trading Members are reminded that, pursuant to Rule MR 2.1(4) of the AIX Membership Rules, they are required at all times to comply with the operational, procedural and technical requirements of AIX Trading Facilities and networks, as specified by AIX from time to time. All obligations of Trading Members shall continue in full force and effect throughout the migration period and thereafter, including those arising under the Membership Agreement and the AIX Business Rules.
AIX and its affiliates shall not be liable for any losses whatsoever, including but not limited to losses arising from any loss of connectivity to the AIX ME or other system failure, any errors, delays or interruptions in the transmission, processing or confirmation of Transactions or Information, or any failure by AIX to process or confirm any Transaction initiated by a Trading Member.
Trading Members are strongly encouraged to ensure that all internal testing and readiness checks are completed in advance of migration, that appropriate staffing and technical support are in place throughout the migration window, and that any issues encountered are promptly reported to AIX Market Operations.
AIX will continue to provide updates as necessary, and any queries should be directed to the AIX Market Operations team.
Notice #17 – System migration schedule for April 3 - April 6
Dear AIX Participants,
Please find below a preliminary breakdown of system migration tasks for the upcoming days.
The rollover is expected to be completed on Friday evening, and Trading Members will be requested to participate in some light connectivity testing on Saturday.
Please note that all open orders on the close on Friday 3 April will be deleted from the legacy platform at 17:20. It is recommended that Trading Members take a back-up copy of their open orders between 17:05 and 17:20. AIX Market Operations will also perform this same task for all open orders and redundancy purposes.
On Saturday 4 April, from 10:00 to 11:00, all Trading Participants are kindly requested to connect (“ping”) their Order Management System and / or WebTrader to the AIX Production platform and confirm that they have received a response from the server. While no mock-trading session will take place, this step will ensure that connectivity to the Production platform is successful.
For SP1 users: Check availability by pinging 10.20.73.7 (the primary should be available) and 10.20.73.28 (it will be unavailable by ping as it is a backup) and check the ports using the telnet command.
For SP2 users: Check availability by pinging 10.70.25 and 10.70.0.26 and check the ports using the telnet command.
Please note that this easy connectivity test can be undertaken at any time between now and the go-live date and any issue reported to us for prompt resolution.
Around 14:00 on Saturday 4 April, AIX will make a final Go / No-go decision and inform brokers accordingly. In the unlikely event where a rollback procedure is decided, it will be completed on that same day.
AIX will NOT re-inject open orders into the new platform on Monday 6 April. It will be the Trading Members’ responsibility to do so. For that reason, the pre-opening session (when orders may be entered but do not match) will start earlier at 09:30 on 6 April. The market will open at 11:30 as usual.
AIX also informs Trading Members of the following minor functional differences between the current legacy platform and the new system:
- Good-til-Cancel and Good-til-Date orders may be open-ended as opposed to the current 3-month time limit;
- Negotiated Deals (“block trades”) do not require approval from the Market Operations team anymore. Marketable orders will match automatically upon entry. However, the Market Operations team will conduct an intra-day post-facto review and will cancel Negotiated Deals that do not meet the minimum size and prices requirements (minimum size of $50k or currency equivalent for equities, $1m for bonds, the price must be within the high / lows of the day).