Cboe Global Markets

Release Notes

Dear Cboe Europe Equities Participants

Further to the previous notice announcing regulatory changes to RTS 24 natural persons impacting client, execution decision maker and investment decision maker identifier registrations for UK Nationals, Cboe Europe (Cboe) would like to inform Participants of the following enhancement to the Identifier Management process. Effective Friday 16th April 2021, Participants will be able to maintain a separate RTS 24 Identifier Management registration for each Cboe venue; Cboe UK vs Cboe NL. Cboe will also perform new venue specific validation at the point of registering identifiers through the new Identifier Management app and API endpoints.

Participants are encouraged to review and correct their RTS 24 registrations through the new RTS 24 Identifier Management app or API endpoints at the earliest convenience.

Migration Timeline

Date

CERT or PROD

Functionality

Action Required

Additional Notes

Monday 22 March 2021

CERT

New Identifier Management app and API endpoints available per UK and NL venue

The new Identifier Management web app replaces the existing web app within the Cboe Participant Portal

Participants should ensure their processes switch to maintain identifiers through the new Identifier Management app and API endpoints. Participants should stop using the existing API endpoints to prevent data being overwritten.

Participants should test their registration uploads meet the newly introduced validation rules prior to the upcoming Production release

Cboe Participant Portal users with the 'MiFID II Short Code Registration' privilege will automatically be given access to the new Identifier Management app and API. If you require access to the tool you should contact your firm's Account Admin who will provide this.

Friday 16 April 2021

PROD

New Identifier Management app and API endpoints available per UK and NL venue

The new Identifier Management web app replaces the existing web app within the Cboe Participant Portal

Participants should ensure their processes switch to maintain identifiers through the new Identifier Management app and API endpoints. Participants should stop using the existing API endpoints to prevent data being overwritten.

Cboe Participant Portal users with the 'MiFID II Short Code Registration' privilege will automatically be given access to the new Identifier Management app and API. If you require access to the tool you should contact your firm's Account Admin who will provide this.

Monday 03 May 2021

CERT

Existing Identifier Management API endpoints are sunset

Friday 07 May 2021

PROD

Existing Identifier Management API endpoints are sunset

Key Migration Points

* This is a mandatory migration for all Participants currently using the Identifier Management app or API endpoints, who are required to migrate to a new venue specific Identifier Management app and new API endpoints. In addition it is mandatory for all Participants to ensure any long codes in use are of the correct type and format for each venue with long code validations in line with Annex II of the Annex to RTS22.
* The new Identifier Management app and new API endpoints will include additional validation for UK and EU venues that may result in rejected registration rows if they fail the new validation described in the 'Validation at Registration' section below and in full within the new Identifier Management Specification.
* The new Identifier Management app will replace the existing app in Production effective Friday 16th April. It will then no longer be possible to use the existing app.
* The new Identifier Management API endpoints will be available in Production effective Friday 16th April. The existing Identifier Management API endpoints will be available in parallel alongside the new endpoints until the existing are sunset in Production on Friday 7th May. Registrations through the existing API endpoints will be duplicated to the UK and EU venues until the existing API endpoints are sunset. Participants who use both the Identifier Management app and API endpoints should ensure they migrate to the new API endpoints as soon as released, since registrations through the existing API endpoints are duplicated to the UK and EU venues.
* The new Identifier Management web app URLs and API endpoints are documented in the new Identifier Management Specification.
* Cboe Participant Portal users with the Identifier Management privilege will receive weekly reports of non-compliant Identifier Management registrations that have been actively used during the last week. The reports will require a review and correction at the earliest convenience.

Validation at Registration

The new Identifier Management app and API endpoints introduce a series of validation rules for the supplied long codes. Validation errors will result in an error message in the Message column described below and can result in either:

* the row not being processed correctly, in which case there will be 'N' in the Processed column
* or a warning associated with the uploaded long code that does not prevent it from being processed, in which case there will be 'Y' in the Processed column

Message

Type

Applicable To

Description

Action Required

Contains invalid characters

Error

Algos

The ID contains invalid characters

The ESMA specification for an alphanumeric pattern only allows uppercase letters and digits. All other characters (including whitespace) are invalid. Remove these other characters from your identifiers.

Unknown LEI

Error

Entity

The LEI is not recognised as a current (or expired LEI)

Confirm LEI is valid

Does not start with a valid country code

Error

Natural Person

A natural person identifier should always start with a valid ISO two letter country code

Upload a valid identifier starting with a valid country code

CONCAT is not allowed at any priority for this country

Error

Natural Person

CONCAT is not allowed for some countries

Upload a valid non-CONCAT identifier

Identifier is not CONCAT, but first priority identifier for this country is CONCAT

Error

Natural Person

For some countries, CONCAT is the first priority identifier

In this case a CONCAT identifier needs to be uploaded. As it is always possible to create a CONCAT identifier, no other form of identifier is valid for these countries.

Does not match any valid identifier for country code GB

Error

Natural Person

The identifier supplied for the trader does not match a valid scheme (including CONCAT)

Provide a valid identifier for this trader based on the venue they are trading on (see next two errors for more details)

Passport number supplied for a UK trader on the UK venue

Error

Natural Person

UK traders on the UK venue need to be identified by NI number (unless they don't have one)

Provide the NI number as the identifier for this trader on the UK venue or use CONCAT if the trader does not have an NI number

National Insurance number supplied for a UK trader on the NL venue

Error

Natural Person

UK traders on the NL venue need to be identified by Passport number (unless they don't have one)

Provide the passport number as the identifier for his trader on the NL venue or use CONCAT if the trader does not have an NI number

Identifier is CONCAT but CONCAT is not first priority identifier for this country

Warn

Natural Person

CONCAT should only be used as a fall back if the person does not have a higher priority identifier (unless CONCAT is the first priority identifier for that country)

Upload a higher priority identifier. Cboe will review the use of CONCAT identifiers periodically and may require confirmation that the person referenced in the short code does not have a higher priority identifier. Eg they have no NI Number or Passport number (for UK nationals).

Does not match valid scheme for country

Warn

Natural Person

The identifier provided does not match a scheme that Cboe validation considers valid

Review the identifier and upload a corrected identifier. If you still consider the identifier to be valid, raise with Cboe along with a source or reference to show that it is valid. Cboe will periodically review invalid identifiers. Common mistakes:

* National Identifiers for Finnish nationals need to include the century mark (one of +,-,A)

* On top of the above validation rules a file size limit of 3MB applies to every registration upload

Participants are encouraged to utilise Cboe's Certification platform to confirm uploads through the new Identifier Management app or API endpoints are processed correctly prior to promoting these changes to Production.

If you have any questions then please contact the Trade Desk, Participant Services or your Account Manager.

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/

Trade Desk,
Cboe Europe Equities
T: +44 20 7012 8901 (UK); +31 20 299 6801 (NL)
E: [email protected] | cboe.com >
* 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.

Dear Cboe UK Participants,

Further to the previous notice announcing the re-admission to trading of Swiss Registered Shares, Cboe UK (Cboe) is pleased to announce that Swiss (Zurich) listed securities will be re-admitted to Cboe UK for trading, effective Thursday 4th February, 2021. Please find attached the list of symbols which will be re-admitted for trading to Cboe UK.

Availability of Zurich listed securities

Re-admitted Zurich listed securities will be available to trade on the following services:

* BXE Lit, Dark and Periodic order books, Cboe Closing Cross (3C) and ETRs
* CXE Lit, Dark order books and ETRs
* Cboe UK LIS (LISX)
Pricing

* Re-admitted Zurich listed securities will be included into all existing BXE and CXE trading tariffs
* As an additional benefit, Blue Chip Zurich listed securities will be included into the Additional Liquidity Provider Scheme (A-LPS) on the CXE Lit Order Book
* Liquidity Providers are reminded to register for Zurich listed securities as required
* The updated Trading Price list detailing the A-LPS is available for download here Trading Price List

Clearing

* Participants should ensure they have valid clearing permissions for Zurich listed securities on Cboe UK for trading. Participants should contact our Participant Services team to confirm or speak to their nominated clearer to send Cboe an updated confirmation (SoA).

For further details please contact your Account Manager. All current and historical Cboe Europe Equities notices, including symbol universe updates, are available online at http://markets.cboe.com/europe/equities/notices/release_notes/.
Thanks for your continued support.

Trade Desk,
Cboe Europe Equities
T: +44 20 7012 8901 (UK); +31 20 299 6801 (NL)
E: [email protected] | cboe.com >
* Cboe Europe Limited is a Recognised Investment Exchange regulated by the Financial Conduct Authority.

Dear Cboe UK Participants,

Further to the previous notice announcing the re-admission to trading of Swiss Registered Shares, Cboe UK (Cboe) would like to inform you that this will not become effective on the previously communicated date of Wednesday 3rd February, 2021. Instead, this will become effective from the start of the first full trading day after the Swiss Authorities have completed their statutory activities to:

* Notify venues previously captured by the Ordinance on the Recognition of Foreign Trading Venues that they no longer are, and
* Add venues to the list of Recognised Foreign Trading venues

Cboe will review the status of this daily and send a further Trade Desk notice to confirm once the date of re-admission is known. Please find attached the list of symbols which will be re-admitted for trading to Cboe UK.

For further details please contact your Account Manager. All current and historical Cboe Europe Equities notices, including symbol universe updates, are available online at http://markets.cboe.com/europe/equities/notices/release_notes/.
Thanks for your continued support.

Trade Desk,
Cboe Europe Equities
T: +44 20 7012 8901 (UK); +31 20 299 6801 (NL)
E: [email protected] | cboe.com >
* Cboe Europe Limited is a Recognised Investment Exchange regulated by the Financial Conduct Authority.

Dear Cboe UK Participants,

Cboe UK (Cboe) is pleased to announce that Swiss (Zurich) listed securities are expected to be re-admitted to Cboe UK for trading, subject to regulatory approval, effective Wednesday 3rd February, 2021.

Availability of Zurich listed securities

Re-admitted Zurich listed securities will be available to trade on the following services:

* BXE Lit, Dark and Periodic order books, Cboe Closing Cross (3C) and ETRs
* CXE Lit, Dark order books and ETRs
* Cboe UK LIS (LISX)
Pricing

* Re-admitted Zurich listed securities will be included into all existing BXE and CXE trading tariffs
* As an additional benefit, Blue Chip Zurich listed securities will be included into the Additional Liquidity Provider Scheme (A-LPS) on the CXE Lit Order Book
* Liquidity Providers are reminded to register for Zurich listed securities as required
* The updated Trading Price list detailing the A-LPS is available for download here Trading Price List

Clearing

* Participants should ensure they have valid clearing permissions for Zurich listed securities on Cboe UK for trading. Participants should contact our Participant Services team to confirm or speak to their nominated clearer to send Cboe an updated confirmation (SoA).

Testing and Production Availability

* The BXE and CXE UAT environments can be used for testing from tomorrow (Tuesday 26th January, 2021)
* The BXE and CXE Certification UAT Reference Data Files have been updated effective tomorrow to include the CXE Lit A-LPS qualifying minimum "setter_size" for eligible Blue Chip Zurich listed securities
* The symbols will be available in Production including the CXE Lit A-LPS "setter_size" value in the Production Reference Data Files, effective Wednesday 3rd February, 2021.

For further details please contact your Account Manager. All current and historical Cboe Europe Equities notices, including symbol universe updates, are available online at http://markets.cboe.com/europe/equities/notices/release_notes/.
Thanks for your continued support.

Trade Desk,
Cboe Europe Equities
T: +44 20 7012 8901 (UK); +31 20 299 6801 (NL)
E: [email protected] | cboe.com >
* 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.

Dear Cboe Europe Equities Participants,

Cboe Europe Equities (Cboe) would like to inform Participants trading EU symbols on both the Cboe UK (LISX) and Cboe NL (LISZ) venues, that they ensure they are referencing the correct LIS 'lis_local' value, as the values in this column differs between the UK (CXE) and NL (DXE) venue.
* The CXE Reference Data file contains LIS 'lis_local' values which will be lower for trading EU symbols as these values have now been sourced from FCA FITRS
* The DXE Reference Data file contains LIS 'lis_local' values which will be higher for trading EU symbols as these values remain sourced from ESMA FITRS

Trading on both the UK LIS (LISX) and NL LIS (LISZ) for EU symbols will only be supported using the higher LIS 'lis_local' value in the DXE Reference Data file. IOIs (Indications of Interest) sent with lower values will be rejected.

Please contact your Account Manager if you have any questions.

All current and historical Cboe notices, including symbol universe updates, are available online at http://markets.cboe.com/europe/equities/notices/release_notes/.

Trade Desk
Cboe Europe Equities
T. +44 20 7012 8901 (UK); +31 20 299 6801 (NL)
E. [email protected] | cboe.com >
* 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.

Dear Cboe Europe Equities Participants

Cboe Europe (Cboe) would like to inform participants that all of its systems are operating normally, following the end of the Brexit transition period on 31st December 2020.

This includes the BXE, CXE, DXE, TRF (APA) and SIS environments, including the Trade Reporting GUI.

As expected, we have seen a shift in liquidity in EEA-listed symbols from Cboe UK to Cboe NL from the start of trading today (Monday 4th January 2021).

To confirm, all of the following services are available on DXE:

* DXE Lit Order Book - including Additional Liquidity Provider Scheme (A-LPS)
* DXE Dark Order Book
* DXE Periodic Auctions Book
* DXE Cboe Closing Cross (3C)
* Cboe LIS

Please contact the Trade Desk or your Account Manager if you have any questions or refer to our Brexit Microsite.

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/

Trade Desk,
Cboe Europe Equities
T: +44 20 7012 8901 (UK); +31 20 299 6801 (NL)
E: [email protected] | cboe.com >
* 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.