Release Notes

Cboe is closed for the weekend.

Last Updated 10:38:51 GMT

Cboe Europe Equities: Addition of Three New European Markets

September 20, 2018 08:59:55

Dear Cboe Europe Equities Participants,

Cboe Europe (Cboe) is pleased to announce that subject to regulatory approval, Warsaw (XWAR), Budapest (XBUD) and Prague (XPRA) market segments will be added to its on-exchange symbol universe, effective Monday 5th November 2018.

Summary:

  • Cboe will extend its symbol universe to include stocks that make up the following equity indices: WIG20 (Warsaw), BUX (Budapest), PX (Prague)
  • These stocks will be available for trading on the Cboe BXE and CXE lit order books, the Periodic Auctions book and Cboe LIS
  • Market data for these new symbols will be disseminated on Unit 10
  • Regular Cboe BXE and CXE trading hours apply: 08:00—16:30 for orders and 07:50—18:00 for ETRs (London time)
  • Interoperable CCP clearing via EuroCCP, LCH or SIX x-clear is available for XPRA and XBUD symbols
  • Interoperable CCP clearing via EuroCCP and LCH is available for XWAR symbols

Considerations:

  • Exchange Traded Products (ETFs, ETCs, ETNs) will not be supported
  • Dark Book trading will not be supported
  • Dark Lit order type will be supported however the order will only interact with Lit book liquidity
  • Pegged order types will not be supported on the integrated books and Guarded Midpoint orders will not be supported on the BXE Periodic Auction book
  • The European Best Bid and Offer (EBBO) used by the BXE Periodic Auction book and Cboe LIS will not include prices from the primary exchange
  • Static price collars will apply

Tick sizes:

  • Tick sizes for the new instruments will be determined by the data published by the European Securities and Markets Authority (ESMA)

Symbology:

  • Standard Uniform Symbology methodology (UMTF) applies for these new securities, for example:
DescriptionUMTF NameISINCurrencyMICReuters Exchange CodeBloomberg Primary tickerReuters Primary RIC code
Erste Group Bank AGERBAGkAT0000652011CZKXPRAPRRBAG CK EquityERST.PR
OTP Bank NyrtOTPtHU0000061726HUFXBUDBUOTP HB EquityOTPB.BU
Powszechny Zaklad Ubezpieczen SAPZUwPLPZU0000011PLNXWARWAPZU PW EquityPZU.WA

Certification (UAT) Testing:

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

Please contact the Trade Desk or your Account Manager if you have any questions.

Trade Desk
Cboe Europe Equities
11 Monument Street | London, EC3R 8AF
T. +44 207 012 8901
E. TradeDeskEU@cboe.com | cboe.com

REMINDER: Cboe Europe Equities: Changes to Symbol Reference File, effective Fri 28th September 2018

September 18, 2018 14:29:34

Dear Cboe Europe Equities Participants

Cboe Europe Equities (Cboe) will be introducing some changes to the Symbol Reference Data CSV file as outlined below, effective Friday 28th September 2018:

Symbol Reference Data CSV
In summary, the following changes will be made to the file:

* capped column - A value of 1 will indicate "Capped voluntarily by Cboe for Dark Book trading only (Negotiated Trades are still accepted)". The value of 3 will be removed as it is no longer required.

* venue_cap_percentage column - All values in this column will be removed (blank).

* regulated_entity column - Addition of new column to denote the Cboe regulated entity (UK or EU) upon which the instrument is traded.

The changes above will be effective for the BXE, CXE, TRF, LIS and SIS symbol reference data files, upon the PRODUCTION effective date indicated above.

Testing
These changes, including detailed descriptions of each column have been reflected in the updated Reference Data Specification, and are already available in the CERTIFICATION (UAT) environments for testing. The same changes will take effect in the PRODUCTION environments at the start of day on Friday 28th September 2018.

All current and historical Cboe notices, including symbol universe updates, are available online at http://markets.cboe.com/europe/equities/notices/.
Please contact the Trade Desk or your Account Manager if you have any questions.

Trade Desk
Cboe Europe Equities
11 Monument Street | London, EC3R 8AF
T. +44 207 012 8901
E: TradeDeskEU@cboe.com | cboe.com >

Cboe Europe: Brexit Participant Migration

September 17, 2018 11:24:26

Dear Cboe Europe Participants

Our Plan
To allow our Participants to continue trading EU-listed symbols post-Brexit, Cboe Europe (Cboe) is establishing a new EU-regulated venue in the Netherlands, Cboe EU Equities (Cboe EU) for the trading of EU-listed symbols. Cboe will also continue to operate its UK-regulated trading venue, Cboe UK Equities (Cboe UK), for the trading of UK and Swiss-listed symbols.

Depending on the details of any transition arrangements or an extension to the Brexit deadline, it is possible that the launch date of Cboe EU may be adjusted. In the event of a restrictive (UK third country recognition does not extend to EU-27 symbols) or "hard" Brexit, a firm may be prohibited from accessing either Cboe UK or Cboe EU by the regulations in its own jurisdiction. Therefore, access to the Cboe venues will depend on the Participant's own Brexit arrangements in combination with what may be possible under any eventual agreement between the UK and the EU.

The net result is that we need to gather information about your migration approach for continuing to trade your desired symbol universe across the Cboe UK and Cboe EU venues. Our approach for gathering the information relating to order and trade entry requirements is outlined below.

Certification Environment Approach
Cboe intends to generate Certification (UAT) Cboe EU configurations for Participants to test on demand from Monday 24th September 2018. Please note that these ports will be to allow Participant connectivity and separation of flow testing only. Functional changes required for Brexit will not be in place in the UAT environment until November. Please note that your Certification Environment setup is not always representative of your current Production Environment setup.

Production Environment Approach
Cboe believes that Participants will have differing Brexit arrangements and therefore will be required to complete an initial "Brexit Bank Code Selection" spreadsheet which will describe how you would like Cboe to migrate your existing and (where applicable) new firm. From Monday 17th September 2018 onwards your Account Manager will be in contact to discuss your plans and assist you in completing the "Brexit Bank Code Selection" spreadsheet to describe your desired end state.

From Monday 15th October 2018, Cboe will provide Participants a "Brexit Target Configuration" spreadsheet which will have been generated based on your responses provided in the "Brexit Bank Code Selection" spreadsheet. The "Brexit Target Configuration" spreadsheet will describe the bank codes and ports (FIX, BOE, ODROP, FIXDROP) that have been created for each of your firms. In the event Participants want to make any changes having reviewed the target configuration, then the "Brexit Bank Code Selection" spreadsheet should be resubmitted. Any feedback received after Wednesday 31st October 2018 will be subject to a 2 week turnaround time.

From Monday 19th November 2018, final configurations will start to be applied in production. Any changes required after the configuration has been agreed and applied will have to follow the standard Cboe change request process by sending an email to the Trade Desk team.

Interim Period
Please note that as Cboe is at the application stage with the Dutch Authority for the Financial Markets (AFM) for the authorisation of Cboe EU. Participants will be unable to trade on the new venue until regulatory authorisation is obtained and we have a confirmed launch date. If requested, and subject to successful completion of the application process, Cboe will configure new Participants to be able to trade in UK/CH and EU-27 symbols on the existing Cboe Europe Equities venue. To mitigate against the risk of not being able to trade on Cboe markets, should the Cboe EU venue launch be postponed it is strongly recommended that firms who intend to be participants of Cboe EU are also participants of Cboe UK Equities during the interim period.

Market Data Changes
As part of the approach to the migration, Cboe will be making changes to the current Multicast PITCH configuration which will impact the market data feeds to which Participants currently subscribe and the way in which associated Gap (GRP) and Spin Messages are requested. The changes will impact existing firms who are members of Cboe UK Equities and market data vendors who will be required to request new market data ports and subscribe to a new set of feeds. Details of these changes will be communicated by the end of November with a clear timeline of events to ensure there is sufficient time for Participants to implement the mandatory changes.

Certification Environment Timeline

* Monday 24th September 2018: Availability of UAT Cboe EU sessions for testing on demand which should be requested from the Trade Desk team.

Production Environment Timeline (Subject to change, pending regulatory authorisation):

* From Monday 17th September 2018: Discussion with Account Managers on migration model and bank codes to be migrated. Cboe will require Participants to complete a "Brexit Bank Code Selection" spreadsheet to help elicit the type of Brexit migration to perform

* From Monday 15th October 2018: Cboe will begin to provide Participants a "Brexit Target Configuration" spreadsheet based on their completed "Brexit Bank Code Selection" spreadsheet, which will outline the final Production configuration generated from 19th November 2018

* Wednesday 31st October 2018: Date for "Brexit Bank Code Selection" spreadsheet to be sent back to Cboe, any feedback received after this date will be subject to a 2 week turnaround period

* From Monday 19th November 2018: Final configurations will start to be applied based on feedback and agreement. Any changes required after the configuration has been agreed and applied will have to follow the existing change process by sending a request to the Trade Desk team. This is the earliest point from which Production configurations can be put in place

* Monday 19th November 2018 - TBC 2019: Change control window open

* End of November 2018: Market data configuration changes communicated

Communication
At this stage please direct all feedback to your Account Manager. Should you wish to be added to our distribution list for future EU Venue updates please send an email to EUVenueUpdates@cboe.com with your details or anyone else you would like included.

Trade Desk
Cboe Europe Equities
11 Monument Street | London, EC3R 8AF
T: +44 207 012 8901
E: TradeDeskEU@cboe.com | cboe.com >

Cboe Europe: Periodic Auctions Order Book - Marketable Order Lock feature, effective Fri 12th Oct 2018

September 14, 2018 14:46:55

Dear Cboe Europe Equities Participants,

Cboe Europe is pleased to announce the new optional Marketable Order Lock feature for the BXE Periodic Auction Book, effective Friday 12th October, 2018.

Summary

* The Marketable Order Lock feature is optional and can be enabled at the port level

* Orders submitted to the Periodic Auctions Book which are marketable are locked in until the end of an auction even if a cancel request is received

With the feature enabled:

* An order cancel request will be rejected with a unique text reason if an auction is active and the order is marketable in auction

* If a cancel request is rejected and then the order partially executes at the end of auction, any remainder will then be cancelled

* Any cancel request made when an order is not marketable in auction will be accepted and the order cancelled

* Order amendments will continue to be actioned as normal

Certification (UAT) Testing

* Marketable Order Lock can be enabled upon request to the Trade Desk on a per port basis in BXE CERTIFICATION (UAT) effective immediately. The same feature will become available for opt-in use in BXE PRODUCTION from Friday 12th October, 2018.

Documentation

Cboe Europe Reference Data and CSV file links
Periodic Auctions Guidance Note
Periodic Auctions Factsheet
Cboe Europe Technical Specifications

Please contact the Trade Desk or your Account Manager if you have any questions.

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/.

Trade Desk
Cboe Europe Equities
11 Monument Street | London, EC3R 8AF
T. +44 207 012 8901
E: TradeDeskEU@cboe.com | cboe.com >

Cboe Europe Equities Launches Six New iShares Exchange Traded Funds, effective 4th and 7th September 2018

September 04, 2018 09:33:57

Dear Cboe Europe Participants,

Cboe Europe Equities (Cboe) is pleased to announce the listing of the following six new iShares Exchange Traded Funds on Cboe Europe Regulated Market segment (REGM) CXE order book. All of the USD denominated ETFs launched today, Tuesday 4th September, and the NZD ETF AGGNZx will launch on Friday 7th September. The funds will be available for trading on the CXE lit and dark order books of the Cboe Regulated Market (Cboe RM). They will not be available for order book trading in the BXE order book, however submission of Exchange Trade Reports will be supported on BXE.

Company Name

UMTF Name

ISIN

Currency

MIC

Tick Type

Trading Segment

Settlement Location

Launch Date

iShares Global Aggregate Bond UCITS ETF NZD Hedged (Acc)

AGGNZx

IE00BYV3HN70

NZD

CHIX

mifid_6

REGM

Euroclear Bank

7-Sep-2018

iShares $ Floating Rate Bond UCITS ETF MXN Hedged (Acc)

FRMXNx

IE00BDDRDZ46

USD

CHIX

mifid_6

REGM

Euroclear Bank

4-Sep-2018

iShares $ Treasury Bond 1-3yr UCITS ETF MXN Hedged (Acc)

IBTMXx

IE00BDDRHB81

USD

CHIX

mifid_6

REGM

Euroclear Bank

4-Sep-2018

iShares $ Short Duration Corp Bond UCITS ETF MXN Hedged (Acc)

SDMXx

IE00BDDRH631

USD

CHIX

mifid_6

REGM

Euroclear Bank

4-Sep-2018

iShares $ High Yield Corp Bond UCITS ETF MXN Hedged (Acc)

IHYMXx

IE00BDDRH961

USD

CHIX

mifid_6

REGM

Euroclear Bank

4-Sep-2018

iShares J.P. Morgan $ EM Bond UCITS ETF MXN Hedged (Acc)

EMBMXx

IE00BDDRH417

USD

CHIX

mifid_6

REGM

Euroclear Bank

4-Sep-2018

Participants should be aware of the following areas in particular with regard to Cboe listed symbols:

Reference data
Uniquely listed symbols in the Cboe reference data file will use the listing market code of "x" to identify Cboe as the unique listing market e.g. TESTx, along with a MIC code of CHIX and a Reuters Exchange Code of CHI. Secondary listings continue to carry the underlying reference data of the primary market e.g. TESTl, XLON, l.

Risk Controls
Participants are encouraged to set Cboe Risk Management Port Controls against the 'Chi-x' market before trading uniquely listed symbols.

Further detail can be found in the Cboe Europe Risk Management Specification (section 2.4 Permitted Markets).

Testing
Several listed securities are already available in the Certification (UAT) system for testing today. These securities are available in the appropriate Symbols CSV URL, defined in the Reference Data Guide. Trading Participants are encouraged to test their systems' capability to submit orders and generate executions, as well as receive market data in REGM listed securities in the Certification environment.

Cboe ETF-related information can be found on our ETF/ETP webpage. Some quick links are below:

* Schedule of Cboe listed ETFs

* Frequently Asked Questions

* Listings Service Description

* User Guide

* Reference Data Guide

* Rule Book and Participant Manual Documentation

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

Please contact the Trade Desk or your Account Manager if you have any questions.

Trade Desk,
Cboe Europe Equities
11 Monument Street | London, EC3R 8AF
T: +44 20 7012 8901
E: TradeDeskEU@cboe.com | cboe.com >
* Cboe Europe Limited is a Recognised Investment Exchange regulated by the Financial Conduct Authority.

Cboe Europe Equities: Changes to Symbol Reference File, effective Friday 28th September 2018

August 20, 2018 16:00:58

Dear Cboe Europe Equities Participants

Cboe Europe Equities (Cboe) will be introducing some changes to the Symbol Reference Data CSV file as outlined below, effective Friday 28th September 2018:

Symbol Reference Data CSV
In summary, the following changes will be made to the file:

* capped column - A value of 1 will indicate "Capped voluntarily by Cboe for Dark Book trading only (Negotiated Trades are still accepted)". The value of 3 will be removed as it is no longer required.

* venue_cap_percentage column - All values in this column will be removed (blank).

* regulated_entity column - Addition of new column to denote the Cboe regulated entity (UK or EU) upon which the instrument is traded.

The changes above will be effective for the BXE, CXE, TRF, LIS and SIS symbol reference data files, upon the PRODUCTION effective date indicated above.

Testing
These changes, including detailed descriptions of each column have been reflected in the updated Reference Data Specification, and will be made available in the CERTIFICATION (UAT) environments for testing from Monday 27th August 2018. The same changes will take effect in the PRODUCTION environments at the start of day on Friday 28th September 2018.

All current and historical Cboe notices, including symbol universe updates, are available online at http://markets.cboe.com/europe/equities/notices/.
Please contact the Trade Desk or your Account Manager if you have any questions.

Trade Desk
Cboe Europe Equities
11 Monument Street | London, EC3R 8AF
T. +44 207 012 8901

Cboe Europe Equities to list iShares OMX Stockholm Capped Exchange Traded Fund, effective Thu 12th July 2018

July 10, 2018 13:30:36

Dear Cboe Europe Participants,

Cboe Europe Equities (Cboe) is pleased to announce that it will be listing the following iShares OMX Stockholm Capped Exchange Traded Fund on Cboe Europe Regulated Market segment (REGM) CXE order book, effective Thursday 12th July 2018. The fund will be available for trading on the CXE lit and dark order books of the Cboe Regulated Market (Cboe RM). It will not be available for order book trading in the BXE order book, however submission of Exchange Trade Reports will be supported on BXE.

Company Name

UMTF Name

ISIN

Currency

MIC

Tick Type

Trading Segment

Settlement Location

iShares OMX Stockholm Capped UCITS ETF

OMXSx

IE00BD3RYZ16

SEK

CHIX

mifid_6

REGM

Euroclear Bank

Participants should be aware of the following areas in particular with regard to Cboe listed symbols:

Reference data
Uniquely listed symbols in the Cboe reference data file will use the listing market code of "x" to identify Cboe as the unique listing market e.g. TESTx, along with a MIC code of CHIX and a Reuters Exchange Code of CHI. Secondary listings continue to carry the underlying reference data of the primary market e.g. TESTl, XLON, l.
Further detail can be found in the attached Cboe listing reference data document.

Risk Controls
Participants are encouraged to set Cboe Risk Management Port Controls against the 'Chi-x' market before trading Uniquely listed symbols.

Further detail can be found in the Cboe Europe Risk Management Specification (section 2.4 Permitted Markets).

Testing
Several listed securities are already available in the Certification (UAT) system for testing today. These securities are available in the appropriate Symbols CSV URL, defined in the Reference Data Guide. Trading Participants are encouraged to test their systems' capability to submit orders and generate executions, as well as receive market data in REGM listed securities in the Certification environment.

Cboe ETF-related information can be found on our ETF/ETP webpage. Some quick links are below:

* Schedule of Cboe listed ETFs

* Frequently Asked Questions

* Listings Service Description

* User Guide

* Reference Data Guide

* Rule Book and Participant Manual Documentation

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

Please contact the Trade Desk or your Account Manager if you have any questions.

Trade Desk,
Cboe Europe Equities
11 Monument Street | London, EC3R 8AF
T: +44 20 7012 8901
E: TradeDeskEU@cboe.com | cboe.com >
* Cboe Europe Limited is a Recognised Investment Exchange regulated by the Financial Conduct Authority.

REMINDER: Cboe Europe - Introduction of ETR non-standard settlement functionality, effective Friday 20th July

July 05, 2018 14:52:44

Dear Cboe Europe Equities Participants,

Cboe Europe Equities (Cboe) is pleased to announce the introduction of non-standard settlement functionality to the Exchange Trade Report (ETR) service. Participants can use the non-standard functionality in the following ways:

1. Non-standard settlement currency

Participants submitting ETRs to Cboe can indicate settlement in an alternative currency to the standard traded/settlement currency. This is available in the following markets and currencies:

Market

Standard settlement currency*

Alternative / Non-standard Settlement currencies

Central Securities Depositary

UK

GBp, GBP

EUR, USD

Euroclear UK & I

Switzerland

CHF

EUR

SIS

Denmark

DKK

EUR

VP Securities

*The standard trading and settlement currency for the local market

2. Non-standard settlement location

Participants submitting ETRs to Cboe can request settlement take place in an International CSD (ICSD), with settlement in Euros or US Dollars. This is available as follows providing Participants have the appropriate clearing authority in place from their General Clearing Member/Central Counterparty (CCP):

Market

Standard settlement currency*

Alternative / Non-standard Settlement currencies

International Central Securities Depositary

All Markets

Local currency

EUR, USD

Euroclear Bank

Use of the above functionality is subject to submitting Participants passing a mandatory conformance test in the Cboe Certification (UAT) environment.

Participants should note that amendments of reports submitted with non-standard settlement fields will not be permitted. They will need to be cancelled and re-submitted.

Non-standard settlement is currently available in the Cboe Certification environment and will be released to Production on Friday 20th July.

Technical specifications

* FIX specification

o New FIX tag SettlCurrency(120) added to the TradeCaptureReport message.

o New value of 10 (Settlement Location) added to FIX tag RootPartyRole(1119)

* BOE specification

o New SettlementCurrency and SettlementLocation bitfields added to the TradeCaptureReport v2 message.

* Trade data file specification

o New Settlement Location and Settlement Currency columns added to the end of the Trade Data file.

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/.

Please contact the Trade Desk or your Account Manager if you have any questions.

Trade Desk,
Cboe Europe Equities
11 Monument Street | London, EC3R 8AF
T: +44 20 7012 8901
E: TradeDeskEU@cboe.com | cboe.com >
* Cboe Europe Limited is a Recognised Investment Exchange regulated by the Financial Conduct Authority.

Cboe Announces Plans for New Venue in Amsterdam

July 03, 2018 08:00:28

Dear Cboe Europe Equities Participants,

Cboe Global Markets, Inc. today announced plans to establish a new venue in Amsterdam to ensure the company is well-positioned to continue to serve its customers across Europe from April 2019, after the UK's exit from the European Union (EU).

Read the full press release.

Resources and documentation are under development. They will be housed on a microsite to help inform you of our launch plans and guide you through the materials needed to ensure there is no disruption in trading on Cboe Europe.

If you would like to receive status updates regarding the development of our EU Venue, please email EUVenueUpdates@cboe.com with your contact information including name, email address and company name.

Trade Desk
Cboe Europe Equities
11 Monument Street | London, EC3R 8AF
T. +44 207 012 8901
E: TradeDeskEU@cboe.com | cboe.com >
* Cboe Europe Equities is a Recognised Investment Exchange regulated by the Financial Conduct Authority.

Cboe Europe Equities: Participant Portal User Management Tool now available

June 22, 2018 13:52:35

Dear Cboe Europe Equities Participants,

Cboe Europe Equities (Cboe) is pleased to introduce the User Management Tool, now accessible through our Participant portal. The User Management Tool enables a firm's approved Account Admins to manage permissions for all their Participant portal user accounts. The tool is aimed at increasing security and control of access to a firm's data and exchange services accessible through the Cboe Participant portal as well as creating a more efficient user management process. Existing user permissions are not affected by this release.

Access to this tool will be automatically provided to individuals within your firm who are designated as an 'Account Admin'. A dropdown list of your firm's Account Admins is viewable within the Account section of the Participant portal home page. Within the tool, Account Admins will be able to create, edit and disable Participant portal user accounts as well as reset their passwords, manage user access privileges and manage user access roles specific to their firm. User access roles are a set of permissions that are grouped for a particular role within your firm. For example, a Compliance role would require different permissions to a Trading Operations or Sales role. Once created, a user access role is assigned on a per user basis.

Account Admins will have the ability to permit access to all tools within the Participant portal which includes access to the Cboe Risk Management tool, Trade Data files, MiFID II Short Code registrations, Certification Conformance scripts and Trade Reporting GUI to name but a few. It is therefore important that if a user should have access to only certain activities or trading identifiers within a firm, you should request that the Trade Desk create a user profile for that user or user group that limits their view. Please note that Account Admins can also administer the Account Admin permission, however should you not have an existing Account Admin please contact Trade Desk.

The User Management Tool is available for Account Admins in the Participant Tools section of the Participant portal. A video walkthrough of the User Management Tool is available via the Help button.

[cid:image003.png@01D408AD.5A576B70]

Production:

The outlined User Management Tool is available in the Production Participant portal effective immediately. The Certification (UAT) version of this tool is available through the Certification Participant portal.

Documentation

A guide to the User Management tool is available online here.

Please contact the Trade Desk or your Account Manager if you have any questions.

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/.

Trade Desk
Cboe Europe Equities
11 Monument Street | London, EC3R 8AF
T. +44 207 012 8901
E: TradeDeskEU@cboe.com | cboe.com >
* Cboe Europe Equities is a Recognised Investment Exchange regulated by the Financial Conduct Authority.

REMINDER: Cboe Europe Certification Environment Unused Logical Port Removal, effective Mon 25th June 2018

June 20, 2018 10:50:09

Dear Cboe Europe Participants,

As previously announced, effective Monday 25th June 2018, as part of planned Certification (UAT) platform maintenance, any logical ports not connected to since 1st February 2018, will be deemed dormant and will be deleted. Cboe Europe Equities (Cboe) will delete the following types of dormant logical ports within the BXE and CXE UAT environments:

* FIX Order Entry

* BOE Order Entry

* GRP (Gap Request Proxy) login

* SPIN Server login

* TCP PITCH

* FIX Drop

* ODROP

Participants are advised to review their current UAT ports via https://certification.batstrading.co.uk/account/ports/ and connect to the ports that they do not want to be removed, if a user is unable to access the URL then please contact Trade Desk. Additionally, Trade Desk or your Account Manager can provide a report of which ports are currently in line to be deleted if required.

All current and historical Cboe Europe notices are available online at http://markets.cboe.com/europe/equities/notices/release_notes/

Please contact the Trade Desk or your Account Manager if you have any questions.

Trade Desk,
Cboe Europe Equities
11 Monument Street | London, EC3R 8AF
T: +44 20 7012 8901
E: TradeDeskEU@cboe.com | cboe.com >
* Cboe Europe Limited is a Recognised Investment Exchange regulated by the Financial Conduct Authority.

Cboe Europe - Introduction of ETR non-standard settlement functionality, effective Friday 20th July

June 11, 2018 14:18:03

Dear Cboe Europe Equities Participants,

Cboe Europe Equities (Cboe) is pleased to announce the introduction of non-standard settlement functionality to the Exchange Trade Report (ETR) service. Participants can use the non-standard functionality in the following ways:

1. Non-standard settlement currency

Participants submitting ETRs to Cboe can indicate settlement in an alternative currency to the standard traded/settlement currency. This is available in the following markets and currencies:

Market

Standard settlement currency*

Alternative / Non-standard Settlement currencies

Central Securities Depositary

UK

GBp, GBP

EUR, USD

Euroclear UK & I

Switzerland

CHF

EUR

SIS

Denmark

DKK

EUR

VP Securities

*The standard trading and settlement currency for the local market

2. Non-standard settlement location

Participants submitting ETRs to Cboe can request settlement take place in an International CSD (ICSD), with settlement in Euros or US Dollars. This is available as follows providing Participants have the appropriate clearing authority in place from their General Clearing Member/Central Counterparty (CCP):

Market

Standard settlement currency*

Alternative / Non-standard Settlement currencies

International Central Securities Depositary

All Markets

Local currency

EUR, USD

Euroclear Bank

Use of the above functionality is subject to Participants passing a mandatory Certification test for this new functionality in the Cboe Certification (UAT) environment.

Participants should note that amendments of reports submitted with non-standard settlement fields will not be permitted. They will need to be cancelled and re-submitted.

The above functionality is currently available in the Cboe Certification environment and will be released to Production on Friday 20th July.

Technical specifications

* FIX specification

o New FIX tag SettlCurrency(120) added to the TradeCaptureReport message.

o New value of 10 (Settlement Location) added to FIX tag RootPartyRole(1119)

* BOE specification

o New SettlementCurrency and SettlementLocation bitfields added to the TradeCaptureReport v2 message.

* Trade data file specification

o New Settlement Location and Settlement Currency columns added to the end of the Trade Data file.

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/.

Please contact the Trade Desk or your Account Manager if you have any questions.

Trade Desk,
Cboe Europe Equities
11 Monument Street | London, EC3R 8AF
T: +44 20 7012 8901
E: TradeDeskEU@cboe.com | cboe.com >
* Cboe Europe Limited is a Recognised Investment Exchange regulated by the Financial Conduct Authority.

Cboe Europe Equities: Updated MiFID II Double Volume Caps to take effect Tues 12th June 2018

June 08, 2018 16:26:27

Dear Cboe Europe Equities Participants

Summary
Effective Tuesday, 12th June 2018, an updated regulatory suspension list will be enforced on the PRODUCTION BXE and CXE order books for the MiFID II Double Volume Caps (DVC). Please note that in some cases this has resulted in previously capped symbols becoming uncapped, based on updated data from ESMA.
The ESMA DVC data (https://www.esma.europa.eu/double-volume-cap-mechanism) describes the symbols that will be capped or uncapped. Any changes will be reflected in the BXE and CXE symbol reference files effective Tuesday, 12th June 2018. Should a symbol not be available, any orders entered using the Reference Price pre-trade transparency waiver and any trade reports that use the first limb of the Negotiated Transaction pre-trade transparency waiver (Article 4(1)(b)(i) - trades in liquid instruments conducted with the current volume weighted spread) will be rejected. The reject message will include a reason code indicating it was related to the Double Volume Caps.

Whilst a symbol is capped:

* Any orders submitted to the dark order books in the prohibited symbol will be rejected, unless they are of equal to or greater than Large In Scale (LIS) size for that symbol.

* For partially-filled LIS dark order book orders, any residual volume smaller than LIS size will not be cancelled back but remain resting on the order book.

* Dark Lit Sweep orders smaller than LIS size will only target the integrated order book, however Dark Lit Sweep orders that are LIS or greater may execute against resting LIS dark liquidity before targeting the integrated order book.

* Exchange Trade Reports (ETRs) in liquid symbols that use the Negotiated Transaction Waiver and not subject to conditions other than current market price will be rejected.

* If Participants specify a routing instruction that specifically targets dark liquidity, those orders will be rejected.

* If the routing instruction targets a mix of dark and lit liquidity, dark venues will be skipped.

Background
MiFIR imposes a cap on the usage of the Reference Price and Negotiated Transaction pre-trade transparency waivers. The caps reference total EU on-venue volume and are calculated on a per symbol basis at 4% on any particular venue and 8% market-wide in any 12-month rolling period. There are three columns available to Participants in the symbol reference files to determine if and why a symbol is capped, along with an estimate for when the symbol will be uncapped:

* capped: Indicates whether a double volume cap is in place. This may be regulatory driven or voluntarily entered into. Valid values are:
0 = No cap in place
1 = Capped voluntarily by Cboe without instruction from the FCA
2 = Capped as per instructions from the FCA
3 = Not yet subject to double volume caps or double volume caps do not apply

* venue_cap_percentage: The approximate double volume cap usage on the Cboe venue expressed as a percentage of trading across all European venues as of the previous trading day. The calculation includes the Reference Price and Negotiated Transaction pre-trade transparency waivers for the previous eleven months and the current month-to-date combined. Note the usage is calculated at the venue level and therefore the value will be the same across BXE and CXE.

* venue_uncap_date: The estimated date the cap indicated by the capped column will be removed. If no cap is in place this column will be blank.

MiFID II requires trading venues to take reasonable steps not to breach these limits. As a result, Cboe intends to apply a 'self-capping' approach for the venue specific threshold.

Documentation
ESMA DVC data
Reference Data Spec
MiFID II Go-live Guidance Note

All current and historical Cboe notices, including symbol universe updates, are available online at http://markets.cboe.com/europe/equities/notices/.
Please contact the Trade Desk or your Account Manager if you have any questions.

Trade Desk
Cboe Europe Equities
11 Monument Street | London, EC3R 8AF
T. +44 207 012 8901
E. TradeDeskEU@bats.com | cboe.com >

Cboe Europe Certification Environment Unused Logical Port Removal, effective Mon 25th June 2018

June 06, 2018 16:05:09

Dear Cboe Europe Participants,

Effective Monday 25th June 2018, as part of planned Certification (UAT) platform maintenance, any logical ports not connected to since 1st February 2018, will be deemed dormant and will be deleted. Cboe Europe Equities (Cboe) will delete the following types of dormant logical ports within the BXE and CXE UAT environments:

* FIX Order Entry

* BOE Order Entry

* GRP (Gap Request Proxy) login

* SPIN Server login

* TCP PITCH

* FIX Drop

* ODROP

Participants are advised to review their current UAT ports via https://certification.batstrading.co.uk/account/ports/ and connect to the ports that they do not want to be removed, if a user is unable to access the URL then please contact Trade Desk. Additionally, Trade Desk or your Account Manager can provide a report of which ports are currently in line to be deleted if required.

All current and historical Cboe Europe notices are available online at http://markets.cboe.com/europe/equities/notices/release_notes/

Please contact the Trade Desk or your Account Manager if you have any questions.

Trade Desk,
Cboe Europe Equities
11 Monument Street | London, EC3R 8AF
T: +44 20 7012 8901
E: TradeDeskEU@cboe.com | cboe.com >
* Cboe Europe Limited is a Recognised Investment Exchange regulated by the Financial Conduct Authority.

Cboe Europe Equities: Updated MiFID II Double Volume Caps to take effect Mon 14th May 2018

May 10, 2018 16:34:49

Dear Cboe Europe Equities Participants

Summary
Effective Monday, 14th May 2018, an updated regulatory suspension list will be enforced on the PRODUCTION BXE and CXE order books for the MiFID II Double Volume Caps. Please note that in some cases this has resulted in previously capped symbols becoming uncapped, based on updated data from ESMA.
Participants should use the symbol reference files to determine whether a cap is in place. Should a symbol not be available, any orders entered using the Reference Price pre-trade transparency waiver and any trade reports that use the first limb of the Negotiated Transaction pre-trade transparency waiver (Article 4(1)(b)(i) - trades in liquid instruments conducted with the current volume weighted spread) will be rejected. The reject message will include a reason code indicating it was related to the Double Volume Caps.

Whilst a symbol is capped:

* Any orders submitted to the dark order books in the prohibited symbol will be rejected, unless they are of equal to or greater than Large In Scale (LIS) size for that symbol.

* For partially-filled LIS dark order book orders, any residual volume smaller than LIS size will not be cancelled back but remain resting on the order book.

* Dark Lit Sweep orders smaller than LIS size will only target the integrated order book, however Dark Lit Sweep orders that are LIS or greater may execute against resting LIS dark liquidity before targeting the integrated order book.

* Exchange Trade Reports (ETRs) in liquid symbols that use the Negotiated Transaction Waiver and not subject to conditions other than current market price will be rejected.

* If Participants specify a routing instruction that specifically targets dark liquidity, those orders will be rejected.

* If the routing instruction targets a mix of dark and lit liquidity, dark venues will be skipped.

Background
MiFIR imposes a cap on the usage of the Reference Price and Negotiated Transaction pre-trade transparency waivers. The caps reference total EU on-venue volume and are calculated on a per symbol basis at 4% on any particular venue and 8% market-wide in any 12-month rolling period. There are three columns available to Participants in the symbol reference files to determine if and why a symbol is capped, along with an estimate for when the symbol will be uncapped:

* capped: Indicates whether a double volume cap is in place. This may be regulatory driven or voluntarily entered into. Valid values are:
0 = No cap in place
1 = Capped voluntarily by Cboe without instruction from the FCA
2 = Capped as per instructions from the FCA
3 = Not yet subject to double volume caps or double volume caps do not apply

* venue_cap_percentage: The approximate double volume cap usage on the Cboe venue expressed as a percentage of trading across all European venues as of the previous trading day. The calculation includes the Reference Price and Negotiated Transaction pre-trade transparency waivers for the previous eleven months and the current month-to-date combined. Note the usage is calculated at the venue level and therefore the value will be the same across BXE and CXE.

* venue_uncap_date: The estimated date the cap indicated by the capped column will be removed. If no cap is in place this column will be blank.

MiFID II requires trading venues to take reasonable steps not to breach these limits. As a result, Cboe intends to apply a 'self-capping' approach for the venue specific threshold.

Testing
The symbol reference files including the above columns are already available in both CERTIFICATION and PRODUCTION environments.
The CERTIFICATION symbol reference file will contain the updated values effective Friday, 11th May 2018
The PRODUCTION symbol reference file will contain the updated values effective Monday, 14th May 2018

Documentation
Reference Data Spec
MiFID II Go-live Guidance Note

All current and historical Cboe notices, including symbol universe updates, are available online at http://markets.cboe.com/europe/equities/notices/.
Please contact the Trade Desk or your Account Manager if you have any questions.

Trade Desk
Cboe Europe Equities
11 Monument Street | London, EC3R 8AF
T. +44 207 012 8901
E. TradeDeskEU@bats.com | cboe.com >

UPDATE: Cboe Europe Equities: Participant Portal Enhancement effective Fri 4th May 2018

April 27, 2018 11:37:28

Dear Cboe Europe Equities Participants,

Please be advised that the Cboe Europe Equities (Cboe) Participant portal home page has undergone an enhancement. The new functionality can be tested effective immediately through the Certification Participant portal - https://certification.bats.com/account/login/.

Summary of changes:

The Cboe Participant portal re-design is primarily a cosmetic enhancement to the portal's account home page as well as bringing the portal in line with our public website. It also allows for additional new member tools to be released in the future.

The Cboe Exchange Tools section introduces functionality where each Cboe exchange platform is grouped by tool. The user will hover their cursor over the tool to reveal each exchange platform they are permissioned to view. Permissions are currently managed by Cboe and can be applied at tool and exchange platform granularity.

Participant and exchange tool functionality are unaffected by these improvements and their URLs remain unchanged, therefore any existing bookmarks will continue to work as normal.

[cid:image002.png@01D3D89C.9AE9FCC0]

Production:

The outlined Cboe Participant portal account home page enhancement will be released into Production effective Friday, 4th May 2018.

Documentation

A summary of the enhancement is available online at http://cdn.batstrading.com/resources/participant_resources/Cboe_Europe_Equities_Participant_Portal_Enhancement.pdf.

Please contact the Trade Desk or your Account Manager if you have any questions.

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/.

Trade Desk
Cboe Europe Equities
11 Monument Street | London, EC3R 8AF
T. +44 207 012 8901
E: TradeDeskEU@cboe.com | cboe.com >
* Cboe Europe Equities is a Recognised Investment Exchange regulated by the Financial Conduct Authority.

Cboe Europe Equities: Changes to the trading functionality of Spanish instruments effective, Fri 4th May 2018

April 24, 2018 12:37:39

Dear Cboe Europe Equities Participants,

Effective Friday 4th May 2018, please be advised that, due to the increase of the Bolsa Y Mercados Espanoles' (BME) market data fees payable by other trading venues, Cboe Europe Equities (Cboe) will be implementing changes to the trading functionality of Spanish instruments within its systems.

1. For Spanish instruments only, any trading behaviour that utilises pegging functionality will be disabled and therefore orders will be rejected on the effective date unless the Participant confirms to Cboe that they are a current holder of (at least) a "SIB N1+ Distribution Licence" from the BME.

The Participant should contact their Account Manager at Cboe and provide written confirmation that the market data licence condition is met. Should the minimum licence no longer be held, then the Participant must inform Cboe as soon as possible.

2. For Spanish instruments only, Order Price Collars will be changed to not take into account prices from the BME.

All other country segments and functionality remain unchanged at Cboe. A corresponding Participant Notice setting out the changes in our Rules will be issued in parallel.

Testing

* Effective Monday, 30th April 2018 this functionality will be available in the BXE & CXE CERTIFICATION environments

* Effective Friday, 4th May 2018 this functionality will be available in the BXE & CXE PRODUCTION environments

Please contact the Trade Desk or your Account Manager if you have any questions.

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/.

Trade Desk
Cboe Europe Equities
11 Monument Street | London, EC3R 8AF
T. +44 207 012 8901
E: TradeDeskEU@cboe.com | cboe.com >
* Cboe Europe Equities is a Recognised Investment Exchange regulated by the Financial Conduct Authority.

Cboe Europe Equities: Participant Portal Enhancement

April 20, 2018 13:37:43

Dear Cboe Europe Equities Participants,

Please be advised that the Cboe Europe Equities (Cboe) Participant portal home page has undergone an enhancement. The new functionality can be tested effective Monday, 23rd April 2018 through the Certification Participant portal - https://certification.bats.com/account/login/.

Summary of changes:

The Cboe Participant portal re-design is primarily a cosmetic enhancement to the portal's account home page as well as bringing the portal in line with our public website. It also allows for additional new member tools to be released in the future.

The Cboe Exchange Tools section introduces functionality where each Cboe exchange platform is grouped by tool. The user will hover their cursor over the tool to reveal each exchange platform they are permissioned to view. Permissions are currently managed by Cboe and can be applied at tool and exchange platform granularity.

Participant and exchange tool functionality are unaffected by these improvements and their URLs remain unchanged, therefore any existing bookmarks will continue to work as normal.

Production:

The outlined Cboe Participant portal account home page enhancement will be released into Production effective Monday, 7th May 2018. The Certification release is effective Monday, 23rd April 2018.

Documentation

A summary of the enhancement is available online at http://cdn.batstrading.com/resources/participant_resources/Cboe_Europe_Equities_Participant_Portal_Enhancement.pdf.

Please contact the Trade Desk or your Account Manager if you have any questions.

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/.

Trade Desk

Cboe Europe Equities

11 Monument Street | London, EC3R 8AF

T. +44 207 012 8901
E: TradeDeskEU@cboe.com | cboe.com >
* Cboe Europe Equities is a Recognised Investment Exchange regulated by the Financial Conduct Authority.

REMINDER: Cboe Europe Equities: MiFID II Identifier Registration via API change effective, Fri 20th April 2018

April 18, 2018 10:59:55

Dear Cboe Europe Equities Participants,

Effective Friday 20th April 2018, Cboe Europe Equities (Cboe) will add a new column called "Message" to the Upload Results file returned by the MiFID II Identifier Management Application for uploads made using the Cboe Secure Web API. This is to provide Participants with more details on the reason for a submission not being processed (as per the below example):

Current Output:
Short Code,Long Code,Identifier Type,Effective Date,End Date,Processed
1223,2233445566,Client-Persons,2017-01-31,2018-02-20,N
1223,2233445566,Client-Person,2017-02-21,,Y

New Output:
Short Code,Long Code,Identifier Type,Effective Date,End Date,Processed,Message
1223,2233445566,Client-Persons,2017-01-31,2018-02-20,N,Invalid Identifier Type display name: Client-Persons
1223,2233445566,Client-Person,2017-02-21,,Y,

This functionality is already available for registrations made using the Identifier Management Tool through the Cboe Participant Portal.

Testing
These changes are currently available for testing in the Certification BXE and CXE environments. The same change will take effect in Production BXE and CXE environments on Friday 20th April 2018.

Documentation
MiFID II Identifier Management Specification

Please contact the Trade Desk or your Account Manager if you have any questions.

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/.

Trade Desk
Cboe Europe Equities
11 Monument Street | London, EC3R 8AF
T. +44 207 012 8901
E: TradeDeskEU@cboe.com | cboe.com >
* Cboe Europe Equities is a Recognised Investment Exchange regulated by the Financial Conduct Authority.

Cboe Europe Equities: Updated MiFID II Double Volume Caps to take effect Fri 13th Apr 2018

April 11, 2018 15:15:53

Dear Cboe Europe Equities Participants

Summary
Effective Friday, 13th April 2018, an updated regulatory suspension list will be enforced on the PRODUCTION BXE and CXE order books for the MiFID II Double Volume Caps. Please note that in some cases this has resulted in previously capped symbols becoming uncapped, based on updated data from ESMA.
Participants should use the symbol reference files to determine whether a cap is in place. Should a symbol not be available, any orders entered using the Reference Price pre-trade transparency waiver and any trade reports that use the first limb of the Negotiated Transaction pre-trade transparency waiver (Article 4(1)(b)(i) - trades in liquid instruments conducted with the current volume weighted spread) will be rejected. The reject message will include a reason code indicating it was related to the Double Volume Caps.

Whilst a symbol is capped:

* Any orders submitted to the dark order books in the prohibited symbol will be rejected, unless they are of equal to or greater than Large In Scale (LIS) size for that symbol.

* For partially-filled LIS dark order book orders, any residual volume smaller than LIS size will not be cancelled back but remain resting on the order book.

* Dark Lit Sweep orders smaller than LIS size will only target the integrated order book, however Dark Lit Sweep orders that are LIS or greater may execute against resting LIS dark liquidity before targeting the integrated order book.

* Exchange Trade Reports (ETRs) in liquid symbols that use the Negotiated Transaction Waiver and not subject to conditions other than current market price will be rejected.

* If Participants specify a routing instruction that specifically targets dark liquidity, those orders will be rejected.

* If the routing instruction targets a mix of dark and lit liquidity, dark venues will be skipped.

Background
MiFIR imposes a cap on the usage of the Reference Price and Negotiated Transaction pre-trade transparency waivers. The caps reference total EU on-venue volume and are calculated on a per symbol basis at 4% on any particular venue and 8% market-wide in any 12-month rolling period. There are three columns available to Participants in the symbol reference files to determine if and why a symbol is capped, along with an estimate for when the symbol will be uncapped:

* capped: Indicates whether a double volume cap is in place. This may be regulatory driven or voluntarily entered into. Valid values are:
0 = No cap in place
1 = Capped voluntarily by Cboe without instruction from the FCA
2 = Capped as per instructions from the FCA
3 = Not yet subject to double volume caps or double volume caps do not apply

* venue_cap_percentage: The approximate double volume cap usage on the Cboe venue expressed as a percentage of trading across all European venues as of the previous trading day. The calculation includes the Reference Price and Negotiated Transaction pre-trade transparency waivers for the previous eleven months and the current month-to-date combined. Note the usage is calculated at the venue level and therefore the value will be the same across BXE and CXE.

* venue_uncap_date: The estimated date the cap indicated by the capped column will be removed. If no cap is in place this column will be blank.

MiFID II requires trading venues to take reasonable steps not to breach these limits. As a result, Cboe intends to apply a 'self-capping' approach for the venue specific threshold.

Testing
The symbol reference files including the above columns are already available in both CERTIFICATION and PRODUCTION environments.
The CERTIFICATION symbol reference file will contain the updated values effective Thursday, 12th April 2018
The PRODUCTION symbol reference file will contain the updated values effective Friday, 13th April 2018

Documentation
Reference Data Spec
MiFID II Go-live Guidance Note

All current and historical Cboe notices, including symbol universe updates, are available online at http://markets.cboe.com/europe/equities/notices/.
Please contact the Trade Desk or your Account Manager if you have any questions.

Trade Desk
Cboe Europe Equities
11 Monument Street | London, EC3R 8AF
T. +44 207 012 8901
E. TradeDeskEU@bats.com | cboe.com >

REMINDER: Cboe Europe: Annual Disaster Recovery Test - Saturday 14th April 2018

April 09, 2018 09:14:31

Dear Cboe Europe Equities Participants

Annual Disaster Recovery test - Saturday 14th April 2018

MiFID II and its supporting level 2 regulations place extensive testing obligations on venues and their participants. Cboe Europe (Cboe) is obliged to not only test its own systems, but also to ensure that its Participants test their systems. Accordingly all Participants are strongly encouraged to participate in the annual disaster recovery (DR) testing. Firms that do not participate may be required to provide additional evidence of appropriate levels of testing.

Cboe will be conducting its annual DR test for the Production BXE, CXE, TRF and SIS environments on Saturday 14th April 2018.
The purpose of this testing day is for Cboe to simulate various DR failover scenarios, including a test of market failover from its primary data centre at Equinix Slough (LD4) to its secondary data centre at Equinix Park Royal (LD3). Participant attendance is not mandatory but is strongly recommended as this exercise affords Participants the ability to observe how their trading, quoting, trade reporting and market data applications would function in the event of a DR event at Cboe.

Participants should note the following:

* Change Freeze - Participants wishing to take part in the DR test must submit any outstanding requests for new ports by 16:00 UK time on Thursday 12th April. No new port requests will be processed on Friday 13th April.
* Production Data - Please ensure that your Production systems are configured not to send Production trade reports when Cboe systems come up on the morning of Saturday 14th April, as all data from that day will be discarded as test data.
* Disaster Recovery Test Schedule of Activities

Key contacts on the day

* The standard Cboe support contacts will be available from 07:00 until 13:00 UK time:

o NOC: NOCEurope@cboe.com +44 20 7012 8905

o Trade Desk: TradeDeskEurope@cboe.com +44 20 7012 8901

Conference Bridge

* There will be an one-way conference bridge open from 07:30 to 13:15 UK used by Cboe staff to disseminate regular progress updates throughout the day.

o UK Call-in Number: +44 207 897 0111

o Participant Passcode: 1917347665#

Documentation

* Disaster Recovery Guide

* Disaster Recovery Testing Guide

Testing

* Cboe will be conducting a weekly data centre failover test from the CXE Certification environment in LD4 to its backup in LD3, after 10:00 UK time each Wednesday up to and including Wednesday 11th April. Participants can view their Certification CXE DR (LD3) connectivity details in the Logical Ports dashboard within the Participant Portal. For access to this utility please contact the Trade Desk.

Please contact the Trade Desk or your Account Manager if you have any questions.

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

Trade Desk
Cboe Europe Equities
11 Monument Street | London, EC3R 8AF
T: +44 207 012 8901
E: TradeDeskEU@cboe.com | cboe.com >

REMINDER: Cboe Europe Equities: MiFID II Identifier Registration via API change effective, Fri 20th April 2018

March 29, 2018 12:55:09

Dear Cboe Europe Equities Participants,

Effective Friday 20th April 2018, Cboe Europe Equities (Cboe) will add a new column called "Message" to the Upload Results file returned by the MiFID II Identifier Management Application for uploads made using the Cboe Secure Web API. This is to provide Participants with more details on the reason for a submission not being processed (as per the below example):

Current Output:
Short Code,Long Code,Identifier Type,Effective Date,End Date,Processed
1223,2233445566,Client-Persons,2017-01-31,2018-02-20,N
1223,2233445566,Client-Person,2017-02-21,,Y

New Output:
Short Code,Long Code,Identifier Type,Effective Date,End Date,Processed,Message
1223,2233445566,Client-Persons,2017-01-31,2018-02-20,N,Invalid Identifier Type display name: Client-Persons
1223,2233445566,Client-Person,2017-02-21,,Y,

This functionality is already available for registrations made using the Identifier Management Tool through the Cboe Participant Portal.

Testing
These changes are currently available for testing in the Certification BXE and CXE environments. The same change will take effect in Production BXE and CXE environments on Friday 20th April 2018.

Documentation
MiFID II Identifier Management Specification

Please contact the Trade Desk or your Account Manager if you have any questions.

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/.

Trade Desk
Cboe Europe Equities
11 Monument Street | London, EC3R 8AF
T. +44 207 012 8901
E: TradeDeskEU@cboe.com | cboe.com >
* Cboe Europe Equities is a Recognised Investment Exchange regulated by the Financial Conduct Authority.

REMINDER: Cboe Europe: Annual Disaster Recovery Test - Saturday 14th April 2018

March 29, 2018 12:03:13

Dear Cboe Europe Equities Participants

Annual Disaster Recovery test - Saturday 14th April 2018

MiFID II and its supporting level 2 regulations place extensive testing obligations on venues and their participants. Cboe Europe (Cboe) is obliged to not only test its own systems, but also to ensure that its Participants test their systems. Accordingly all Participants are strongly encouraged to participate in the annual disaster recovery (DR) testing. Firms that do not participate may be required to provide additional evidence of appropriate levels of testing.

Cboe will be conducting its annual DR test for the Production BXE, CXE, TRF and SIS environments on Saturday 14th April 2018.
The purpose of this testing day is for Cboe to simulate various DR failover scenarios, including a test of market failover from its primary data centre at Equinix Slough (LD4) to its secondary data centre at Equinix Park Royal (LD3). Participant attendance is not mandatory but is strongly recommended as this exercise affords Participants the ability to observe how their trading, quoting, trade reporting and market data applications would function in the event of a DR event at Cboe.

Participants should note the following:

* Change Freeze - Participants wishing to take part in the DR test must submit any outstanding requests for new ports by 16:00 UK time on Thursday 12th April. No new port requests will be processed on Friday 13th April.
* Production Data - Please ensure that your Production systems are configured not to send Production trade reports when Cboe systems come up on the morning of Saturday 14th April, as all data from that day will be discarded as test data.
* Disaster Recovery Test Schedule of Activities - attached

Key contacts on the day

* The standard Cboe support contacts will be available from 07:00 until 13:00 UK time:

o NOC: NOCEurope@cboe.com +44 20 7012 8905

o Trade Desk: TradeDeskEurope@cboe.com +44 20 7012 8901

Conference Bridge

* There will be an one-way conference bridge open from 07:30 to 13:15 UK used by Cboe staff to disseminate regular progress updates throughout the day.

* Details of the conference bridge will be sent out closer to the DR test date.

Documentation

* Disaster Recovery Guide

* Disaster Recovery Testing Guide

Testing

* Cboe will be conducting a weekly data centre failover test from the CXE Certification environment in LD4 to its backup in LD3, after 10:00 UK time each Wednesday up to and including Wednesday 11th April. Participants can view their Certification CXE DR (LD3) connectivity details in the Logical Ports dashboard within the Participant Portal. For access to this utility please contact the Trade Desk.

Please contact the Trade Desk or your Account Manager if you have any questions.

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

Trade Desk
Cboe Europe Equities
11 Monument Street | London, EC3R 8AF
T: +44 207 012 8901
E: TradeDeskEU@cboe.com | cboe.com >

UPDATE: Cboe Europe: Annual Disaster Recovery Test - Saturday 14th April 2018

March 20, 2018 11:01:58

Dear Cboe Europe Equities Participants

** Further to the previous announcements below, Cboe Europe (Cboe) will be conducting a weekly data centre failover test from the CXE Certification environment in LD4 to its backup in LD3, after 10:00 UK time each Wednesday up to and including Wednesday 11th April. Participants can view their Certification CXE DR (LD3) connectivity details in the Logical Ports dashboard within the Participant Portal. For access to this utility please contact the Trade Desk.

Annual Disaster Recovery test - Saturday 14th April 2018

MiFID II and its supporting level 2 regulations place extensive testing obligations on venues and their participants. Cboe is obliged to not only test its own systems, but also to ensure that its Participants test their systems. Accordingly all Participants are strongly encouraged to participate in the annual disaster recovery (DR) testing. Firms that do not participate may be required to provide additional evidence of appropriate levels of testing.

Cboe will be conducting its annual DR test for the Production BXE, CXE, TRF and SIS environments on Saturday 14th April 2018.
The purpose of this testing day is for Cboe to simulate various DR failover scenarios, including a test of market failover from its primary data centre at Equinix Slough (LD4) to its secondary data centre at Equinix Park Royal (LD3). Participant attendance is not mandatory but is strongly recommended as this exercise affords Participants the ability to observe how their trading, quoting, trade reporting and market data applications would function in the event of a DR event at Cboe.

Participants should note the following:

* Change Freeze - Participants wishing to take part in the DR test must submit any outstanding requests for new ports by 16:00 UK time on Thursday 12th April. No new port requests will be processed on Friday 13th April.
* Production Data - Please ensure that your Production systems are configured not to send Production trade reports when Cboe systems come up on the morning of Saturday 14th April, as all data from that day will be discarded as test data.
* Disaster Recovery Test Schedule of Activities - attached

Key contacts on the day

* The standard Cboe support contacts will be available from 07:00 until 13:00 UK time:

o NOC: NOCEurope@cboe.com +44 20 7012 8905

o Trade Desk: TradeDeskEurope@cboe.com +44 20 7012 8901

Conference Bridge

* There will be an one-way conference bridge open from 07:30 to 13:15 UK used by Cboe staff to disseminate regular progress updates throughout the day.

* Details of the conference bridge will be sent out closer to the DR test date.

Documentation

* Disaster Recovery Guide

* Disaster Recovery Testing Guide

Please contact the Trade Desk or your Account Manager if you have any questions.

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

Trade Desk
Cboe Europe Equities
11 Monument Street | London, EC3R 8AF
T: +44 207 012 8901
E: TradeDeskEU@cboe.com | cboe.com >

REMINDER: Cboe Europe: Annual Disaster Recovery Test - Saturday 14th April 2018

March 15, 2018 10:07:50

Dear Cboe Europe Equities Participants

Annual Disaster Recovery test - Saturday 14th April 2018

MiFID II and its supporting level 2 regulations place extensive testing obligations on venues and their participants. Cboe Europe (Cboe) is obliged to not only test its own systems, but also to ensure that its Participants test their systems. Accordingly all Participants are strongly encouraged to participate in the annual disaster recovery testing. Firms that do not participate may be required to provide additional evidence of appropriate levels of testing.

Cboe will be conducting its annual disaster recovery (DR) test for the Production BXE, CXE, TRF and SIS environments on Saturday 14th April 2018.
The purpose of this testing day is for Cboe to simulate various DR failover scenarios, including a test of market failover from its primary data centre at Equinix Slough (LD4) to its secondary data centre at Equinix Park Royal (LD3). Participant attendance is not mandatory but is strongly recommended as this exercise affords Participants the ability to observe how their trading, quoting, trade reporting and market data applications would function in the event of a DR event at Cboe.

Participants should note the following:

* Change Freeze - Participants wishing to take part in the DR test must submit any outstanding requests for new ports by 16:00 UK time on Thursday 12th April. No new port requests will be processed on Friday 13th April.
* Production Data - Please ensure that your Production systems are configured not to send Production trade reports when Cboe systems come up on the morning of Saturday 14th April, as all data from that day will be discarded as test data.
* Disaster Recovery Test Schedule of Activities - attached

Key contacts on the day

* The standard Cboe support contacts will be available from 07:00 until 13:00 UK time:

o NOC: NOCEurope@cboe.com +44 20 7012 8905

o Trade Desk: TradeDeskEurope@cboe.com +44 20 7012 8901

Conference Bridge

* There will be an one-way conference bridge open from 07:30 to 13:15 UK used by Cboe staff to disseminate regular progress updates throughout the day.

* Details of the conference bridge will be sent out closer to the DR test date.

Documentation

* Disaster Recovery Guide

* Disaster Recovery Testing Guide

Please contact the Trade Desk or 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
11 Monument Street | London, EC3R 8AF
T: +44 207 012 8901
E: TradeDeskEU@cboe.com | cboe.com >

REMINDER: Cboe Europe: Annual Disaster Recovery Test - Saturday 14th April 2018

March 12, 2018 08:07:26

Dear Cboe Europe Equities Participants

Annual Disaster Recovery test - Saturday 14th April 2018

Cboe Europe (Cboe) will be conducting its annual disaster recovery (DR) test for the Production BXE, CXE, TRF and SIS environments on Saturday 14th April 2018.
The purpose of this testing day is for Cboe to simulate various DR failover scenarios, including a test of market failover from its primary data centre at Equinix Slough (LD4) to its secondary data centre at Equinix Park Royal (LD3). Participant attendance is not mandatory but is strongly recommended as this exercise affords Participants the ability to observe how their trading, quoting, trade reporting and market data applications would function in the event of a DR event at Cboe.

Participants should note the following:

* Change Freeze - Participants wishing to take part in the DR test must submit any outstanding requests for new ports by 16:00 UK time on Thursday 12th April. No new port requests will be processed on Friday 13th April.
* Production Data - Please ensure that your Production systems are configured not to send Production trade reports when Cboe systems come up on the morning of Saturday 14th April, as all data from that day will be discarded as test data.
* Disaster Recovery Test Schedule of Activities - attached

Key contacts on the day

* The standard Cboe support contacts will be available from 07:00 until 13:00 UK time:

o NOC: NOCEurope@cboe.com +44 20 7012 8905

o Trade Desk: TradeDeskEurope@cboe.com +44 20 7012 8901

Conference Bridge

* There will be an one-way conference bridge open from 07:30 to 13:15 UK used by Cboe staff to disseminate regular progress updates throughout the day.

* Details of the conference bridge will be sent out closer to the DR test date.

Documentation

* Disaster Recovery Guide

* Disaster Recovery Testing Guide

Please contact the Trade Desk or 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
11 Monument Street | London, EC3R 8AF
T: +44 207 012 8901
E: TradeDeskEU@cboe.com | cboe.com >

UPDATE: Cboe Europe Equities: MiFID II Double Volume Caps to take effect Mon 12th Mar 2018

March 09, 2018 06:52:17

Dear Cboe Europe Equities Participants

Further to the previous notice below, the PRODUCTION symbol reference files containing updated capped values will be available at the normal time on Monday morning, however a CERTIFICATION (UAT) version of these files is now available for testing. Please note that these come with the caveats that:

* The actual PRODUCTION file on Monday will change based on Corporate Actions and new listings between now and Monday

* Other static data reflects today's values rather than Monday's values

CERTIFICATION files
CXE CERTIFICATION: https://certification.batstrading.co.uk/cxe/market_data/symbol_listing/csv/
CXE CERTIFICATION (enhanced): https://certification.batstrading.co.uk/cxe/market_data/symbol_listing/enhanced_csv/

BXE CERTIFICATION: https://certification.batstrading.co.uk/bxe/market_data/symbol_listing/csv/
BXE CERTIFICATION (enhanced): https://certification.batstrading.co.uk/bxe/market_data/symbol_listing/enhanced_csv/

Documentation
Reference Data Spec
MiFID II Go-live Guidance Note

All current and historical Cboe notices, including symbol universe updates, are available online at http://markets.cboe.com/europe/equities/notices/.
Please contact the Trade Desk or your Account Manager if you have any questions.

Trade Desk,
Cboe Europe
11 Monument Street | London, EC3R 8AF
T: +44 20 7012 8901
E: TradeDeskEU@cboe.com | cboe.com >
* Cboe Europe Limited is a Recognised Investment Exchange regulated by the Financial Conduct Authority.

Dear Cboe Europe Equities Participants

Summary
Effective Monday, 12th March 2018, MiFID II Double Volume Caps will be enforced on the PRODUCTION BXE and CXE order books. This is the effective date of the first mandatory suspensions, which will be made public by ESMA on Wednesday 7th March 2018. Additionally, from this date Cboe will voluntarily suspend symbols that breach or are likely to breach the MiFID thresholds. Participants should use the symbol reference files to determine whether a cap is in place. Should a symbol not be available, any orders entered using the Reference Price pre-trade transparency waiver and any trade reports that use the first limb of the Negotiated Transaction pre-trade transparency waiver (Article 4(1)(b)(i) - trades in liquid instruments conducted with the current volume weighted spread) will be rejected. The reject message will include a reason code indicating it was related to the Double Volume Caps. Whilst a symbol is capped:

* Any orders submitted to the dark order books in the prohibited symbol will be rejected, unless they are of equal to or greater than Large In Scale (LIS) size for that symbol.

* For partially-filled LIS Dark Book orders, any residual volume smaller than LIS size will not be cancelled back but remain resting on the order book.

* Dark Lit Sweep orders that are smaller than LIS size will only target the integrated order book, however Dark Lit Sweep orders that are LIS or greater may execute against resting LIS dark liquidity before targeting the integrated order book.

* Exchange Trade Reports (ETRs) in liquid symbols that use the Negotiated Transaction Waiver and that are not subject to conditions other than current market price will be rejected.

* If Participants specify a routing instruction that specifically targets dark liquidity, those orders will be rejected.

* If the routing instruction targets a mix of dark and lit liquidity, dark venues will be skipped.

Background
MiFIR imposes a cap on the usage of the Reference Price and Negotiated Transaction pre-trade transparency waivers. The caps reference total EU on-venue volume and are calculated on a per symbol basis at 4% on any particular venue and 8% market-wide in any 12-month rolling period. There are three columns available to Participants in the symbol reference files to determine if and why a symbol is capped, along with an estimate for when the symbol will be uncapped:

* capped: Indicates whether a double volume cap is in place. This may be regulatory driven or voluntarily entered into. Valid values are:
0 = No cap in place
1 = Capped voluntarily by Cboe without instruction from the FCA
2 = Capped as per instructions from the FCA
3 = Not yet subject to double volume caps or double volume caps do not apply

* venue_cap_percentage: The approximate double volume cap usage on the Cboe venue expressed as a percentage of trading across all European venues as of the previous trading day. The calculation includes the Reference Price and Negotiated Transaction pre-trade transparency waivers for the previous eleven months and the current month-to-date combined. Note the usage is calculated at the venue level and therefore the value will be the same across BXE and CXE.

* venue_uncap_date: The estimated date the cap indicated by the capped column will be removed. If no cap is in place this column will be blank.

MiFID II requires trading venues to take reasonable steps not to breach these limits. As a result, Cboe intends to apply a 'self-capping' approach for the venue specific threshold.

Testing
The symbol reference files including the above columns are already available in both CERTIFICATION and PRODUCTION environments. The CERTIFICATION environment symbol reference files already have some capped test symbols and Participants are encouraged to start testing their ability to parse these files and their contents in advance of the PRODUCTION effective date. On Monday, 12th March 2018, the ESMA-calculated Double Volume Cap data will be made available in the PRODUCTION symbol reference files at the normal time pre-market open.

Documentation
Reference Data Spec
MiFID II Go-live Guidance Note

All current and historical Cboe notices, including symbol universe updates, are available online at http://markets.cboe.com/europe/equities/notices/.
Please contact the Trade Desk or your Account Manager if you have any questions.

Trade Desk
Cboe Europe Equities
11 Monument Street | London, EC3R 8AF
T. +44 207 012 8901
E. TradeDeskEU@bats.com | cboe.com >

Cboe Europe Equities: MiFID II Identifier Registration via API change effective, Fri 20th April 2018

March 08, 2018 17:06:34

Dear Cboe Europe Equities Participants,

Effective Friday 20th April 2018, Cboe Europe Equities (Cboe) will add a new column called "Message" to the Upload Results file returned by the MiFID II Identifier Management Application for uploads made using the Cboe Secure Web API. This is to provide Participants with more details on the reason for a submission not being processed (as per the below example):

Current Output:
Short Code,Long Code,Identifier Type,Effective Date,End Date,Processed
1223,2233445566,Client-Persons,2017-01-31,2018-02-20,N
1223,2233445566,Client-Person,2017-02-21,,Y

New Output:
Short Code,Long Code,Identifier Type,Effective Date,End Date,Processed,Message
1223,2233445566,Client-Persons,2017-01-31,2018-02-20,N,Invalid Identifier Type display name: Client-Persons
1223,2233445566,Client-Person,2017-02-21,,Y,

This functionality is already available for registrations made using the Identifier Management Tool through the Cboe Participant Portal.

Testing
These changes will be available for testing in the Certification BXE and CXE environments from Monday 12th March 2018. The same change will take effect in Production BXE and CXE environments on Friday 20th April 2018.

Documentation
MiFID II Identifier Management Specification

Please contact the Trade Desk or your Account Manager if you have any questions.

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/.

Trade Desk
Cboe Europe Equities
11 Monument Street | London, EC3R 8AF
T. +44 207 012 8901
E: TradeDeskEU@cboe.com | cboe.com >
* Cboe Europe Equities is a Recognised Investment Exchange regulated by the Financial Conduct Authority.

Cboe Europe Equities: MiFID II Double Volume Caps to take effect Mon 12th Mar 2018

February 28, 2018 15:01:16

Dear Cboe Europe Equities Participants

Summary
Effective Monday, 12th March 2018, MiFID II Double Volume Caps will be enforced on the PRODUCTION BXE and CXE order books. This is the effective date of the first mandatory suspensions, which will be made public by ESMA on Wednesday 7th March 2018. Additionally, from this date Cboe will voluntarily suspend symbols that breach or are likely to breach the MiFID thresholds. Participants should use the symbol reference files to determine whether a cap is in place. Should a symbol not be available, any orders entered using the Reference Price pre-trade transparency waiver and any trade reports that use the first limb of the Negotiated Transaction pre-trade transparency waiver (Article 4(1)(b)(i) - trades in liquid instruments conducted with the current volume weighted spread) will be rejected. The reject message will include a reason code indicating it was related to the Double Volume Caps. Whilst a symbol is capped:

* Any orders submitted to the dark order books in the prohibited symbol will be rejected, unless they are of equal to or greater than Large In Scale (LIS) size for that symbol.

* For partially-filled LIS Dark Book orders, any residual volume smaller than LIS size will not be cancelled back but remain resting on the order book.

* Dark Lit Sweep orders that are smaller than LIS size will only target the integrated order book, however Dark Lit Sweep orders that are LIS or greater may execute against resting LIS dark liquidity before targeting the integrated order book.

* Exchange Trade Reports (ETRs) in liquid symbols that use the Negotiated Transaction Waiver and that are not subject to conditions other than current market price will be rejected.

* If Participants specify a routing instruction that specifically targets dark liquidity, those orders will be rejected.

* If the routing instruction targets a mix of dark and lit liquidity, dark venues will be skipped.

Background
MiFIR imposes a cap on the usage of the Reference Price and Negotiated Transaction pre-trade transparency waivers. The caps reference total EU on-venue volume and are calculated on a per symbol basis at 4% on any particular venue and 8% market-wide in any 12-month rolling period. There are three columns available to Participants in the symbol reference files to determine if and why a symbol is capped, along with an estimate for when the symbol will be uncapped:

* capped: Indicates whether a double volume cap is in place. This may be regulatory driven or voluntarily entered into. Valid values are:
0 = No cap in place
1 = Capped voluntarily by Cboe without instruction from the FCA
2 = Capped as per instructions from the FCA
3 = Not yet subject to double volume caps or double volume caps do not apply

* venue_cap_percentage: The approximate double volume cap usage on the Cboe venue expressed as a percentage of trading across all European venues as of the previous trading day. The calculation includes the Reference Price and Negotiated Transaction pre-trade transparency waivers for the previous eleven months and the current month-to-date combined. Note the usage is calculated at the venue level and therefore the value will be the same across BXE and CXE.

* venue_uncap_date: The estimated date the cap indicated by the capped column will be removed. If no cap is in place this column will be blank.

MiFID II requires trading venues to take reasonable steps not to breach these limits. As a result, Cboe intends to apply a 'self-capping' approach for the venue specific threshold.

Testing
The symbol reference files including the above columns are already available in both CERTIFICATION and PRODUCTION environments. The CERTIFICATION environment symbol reference files already have some capped test symbols and Participants are encouraged to start testing their ability to parse these files and their contents in advance of the PRODUCTION effective date. On Monday, 12th March 2018, the ESMA-calculated Double Volume Cap data will be made available in the PRODUCTION symbol reference files at the normal time pre-market open.

Documentation
Reference Data Spec
MiFID II Go-live Guidance Note

All current and historical Cboe notices, including symbol universe updates, are available online at http://markets.cboe.com/europe/equities/notices/.
Please contact the Trade Desk or your Account Manager if you have any questions.

Trade Desk
Cboe Europe Equities
11 Monument Street | London, EC3R 8AF
T. +44 207 012 8901
E. TradeDeskEU@bats.com | cboe.com >

REMINDER: Cboe Europe: Annual Disaster Recovery Test - Saturday 14th April 2018

February 26, 2018 12:15:35

Dear Cboe Europe Equities Participants

Annual Disaster Recovery test - Saturday 14th April 2018

Cboe Europe (Cboe) will be conducting its annual disaster recovery (DR) test for the Production BXE, CXE, TRF and SIS environments on Saturday 14th April 2018.
The purpose of this testing day is for Cboe to simulate various DR failover scenarios, including a test of market failover from its primary data centre at Equinix Slough (LD4) to its secondary data centre at Equinix Park Royal (LD3). Participant attendance is not mandatory but is strongly recommended as this exercise affords Participants the ability to observe how their trading, quoting, trade reporting and market data applications would function in the event of a DR event at Cboe.

Participants should note the following:

* Change Freeze - Participants wishing to take part in the DR test must submit any outstanding requests for new ports by 16:00 UK time on Thursday 12th April. No new port requests will be processed on Friday 13th April.
* Production Data - Please ensure that your Production systems are configured not to send Production trade reports when Cboe systems come up on the morning of Saturday 14th April, as all data from that day will be discarded as test data.
* Disaster Recovery Test Schedule of Activities - attached

Key contacts on the day

* The standard Cboe support contacts will be available from 07:00 until 13:00 UK time:

o NOC: NOCEurope@cboe.com +44 20 7012 8905

o Trade Desk: TradeDeskEurope@cboe.com +44 20 7012 8901

Conference Bridge

* There will be an one-way conference bridge open from 07:30 to 13:15 UK used by Cboe staff to disseminate regular progress updates throughout the day.

* Details of the conference bridge will be sent out closer to the DR test date.

Documentation

* Disaster Recovery Guide

* Disaster Recovery Testing Guide

Please contact the Trade Desk or 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
11 Monument Street | London, EC3R 8AF
T: +44 207 012 8901
E: TradeDeskEU@cboe.com | cboe.com >

FINAL REMINDER: Cboe Europe Equities: Secure Web API - Password Change Required by Mon 5th March 2018 - ACTION REQUIRED

February 22, 2018 10:24:04

Dear Cboe Europe Equities Participants
Please be advised that effective Monday, 5th March 2018, to enhance security, Cboe Europe Equities (Cboe) will require all Secure Web API users to change their passwords. Additionally, Cboe will be implementing a requirement that Web API accounts have their passwords updated at least once annually going forward. Accounts will be automatically locked if not updated annually, so it is critical your firm implements controls to ensure accounts are updated per this schedule to ensure you are not unexpectedly locked out of the Secure Web API. If you have received a new Secure Web API login or reset your password since Monday, 15th January 2018 please ignore this email.

Details:

* Starting Monday, 5th March 2018, your Secure Web API login will be locked out and you will be forced to reset your password to regain access.

* Secure Web API users and those who programmatically access the secure Cboe Europe participant portal must change their password now to avoid being locked out.

* Only Secure Web API users and those who programmatically access the secure Cboe Europe participant portal are subject to this change.

How to reset your Secure Web API Password:

* Navigate to https://batstrading.co.uk/account/forgot_password/ and enter the username of the account you would like to reset

* A Password Reset link will be sent to the email address associated to the account

* You will be asked to enter a new password which will take effect immediately

* Please update any internal systems on your side with the new password

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/.

Please contact the Trade Desk or your Account Manager if you have any questions.

Trade Desk
Cboe Europe Equities
11 Monument Street | London, EC3R 8AF
T: +44 207 012 8901
E: TradeDeskEU@cboe.com | cboe.com >

Cboe Europe: Periodic Auctions Order Book - Minimum Acceptable Quantity changes, effective 9th March 2018

February 19, 2018 16:25:48

Dear Cboe Europe Participants,

Effective Friday 9th March 2018, Cboe Europe Equities will support Minimum Acceptable Quantity (MAQ) for Periodic Auctions Book orders where Broker Preferencing has been enabled. The MAQ logic will be applied at the allocation phase of the auction.
This functionality is already available for non-preferenced orders on the Periodic Auctions Book.

Testing
These changes are available for testing in the Certification BXE environment effective immediately.

Documentation
Periodic Auctions Guidance Note
Periodic Auctions Factsheet

Please contact the Trade Desk or your Account Manager if you have any questions.

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/.

Trade Desk
Cboe Europe Equities
11 Monument Street | London, EC3R 8AF
T. +44 207 012 8901
E: TradeDeskEU@cboe.com | cboe.com >
* Cboe Europe Equities is a Recognised Investment Exchange regulated by the Financial Conduct Authority.

Cboe Europe Equities: ESMA TTC data usage, effective Thursday 1st Feb 2018

January 31, 2018 16:36:34

Dear Cboe Europe Equities Participants
Please be advised that effective Thursday, 1st February 2018, Cboe Europe Equities (Cboe) will use the recently updated ESMA transitional transparency calculations (TTC) to determine tick size and LIS data for equity instruments available for trading on Cboe BXE and CXE.
As a result, Participants should expect an increase in static data updates when parsing Cboe BXE and CXE Symbol Reference Data Files tomorrow.

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

Please contact the Trade Desk or your Account Manager if you have any questions.

Trade Desk
Cboe Europe Equities
11 Monument Street | London, EC3R 8AF
T: +44 207 012 8901
E: TradeDeskEU@cboe.com | cboe.com >

REMINDER: Cboe Europe Equities: Secure Web API - Password Change Required by Mon 5th March 2018

January 31, 2018 12:35:40

Dear Cboe Europe Equities Participants
Please be advised that effective Monday, 5th March 2018, to enhance security, Cboe Europe Equities (Cboe) will require all Secure Web API users to change their passwords. Additionally, Cboe will be implementing a requirement that Web API accounts have their passwords updated at least once annually going forward. Accounts will be automatically locked if not updated annually, so it is critical your firm implements controls to ensure accounts are updated per this schedule to ensure you are not unexpectedly locked out of the Secure Web API. If you have received a new Secure Web API login or reset your password since Monday, 15th January 2018 please ignore this email.

Details:

* All Secure Web API participants must change their password by end of day Sunday, 4th March 2018

* Only Secure Web API users and those who programmatically access the secure Cboe Europe participant portal are subject to this change.

* If you utilise the Secure Web API or use programmatic access and have not changed your password by 2359 UK Time on Sunday, 4th March 2018, your account will be locked starting Monday, 5th March 2018, until you reset your password.

How to reset your Secure Web API Password:

* Navigate to https://batstrading.co.uk/account/forgot_password/ and enter the username of the account you would like to reset

* A Password Reset link will be sent to the email address associated to the account

* You will be asked to enter a new password which will take effect immediately

* Please update any internal systems on your side with the new password

Testing:
Please be advised that effective Monday, 12th February 2018, all Secure Web API account passwords will be reset in the CERTIFICATION environment, requiring Participants to change the account password.

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/.

Please contact the Trade Desk or your Account Manager if you have any questions.

Trade Desk
Cboe Europe Equities
11 Monument Street | London, EC3R 8AF
T: +44 207 012 8901
E: TradeDeskEU@cboe.com | cboe.com >

Cboe Europe Equities: Additional MIC code values for Negotiated Trades on BXE and CXE, effective Fri 9th Feb 2018

January 26, 2018 15:59:48

Dear Cboe Europe Equities Participants
Summary:
Today, Negotiated Trades transacted on the BXE or CXE environments are flagged on the exchange market data feeds with a MIC code value of BATE, CHIX or LISX in the Execution Venue field of the Trade - Extended MessageType. These MIC code values describe the specific Cboe Europe venue upon which the Negotiated Trade (NT) was executed. Please note that effective Friday, 9th February 2018, instead of BATE and CHIX, the MIC codes BATF, CHIO, and BARO will be published in the Execution Venue field of the Trade - Extended MessageType to indicate various types of NTs. LISX will continue to be published for Cboe LIS trades.

Background:
The upcoming change will distinguish NTs with their own MIC codes (BATF for BXE NTs, CHIO for CXE NTs, and BARO for REGM NTs). All Cboe Europe MIC codes are described here: http://markets.cboe.com/europe/equities/clearing/market_codes/

Testing:
Please be advised the above changes are available for testing in the Cboe BXE and CXE CERTIFICATION environments effective immediately.

Documentation:
TCP PITCH Specification: http://cdn.batstrading.com/resources/participant_resources/BATS_Europe_PITCH_Specification.pdf
Multicast PITCH Specification: http://cdn.batstrading.com/resources/participant_resources/BATS_Europe_MC_PITCH_Specification.pdf
Cboe Europe MIC codes: http://markets.cboe.com/europe/equities/clearing/market_codes/

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/.

Please contact the Trade Desk or your Account Manager if you have any questions.

Trade Desk
Cboe Europe Equities
11 Monument Street | London, EC3R 8AF
T: +44 207 012 8901
E: TradeDeskEU@cboe.com | cboe.com >

Cboe Europe: Annual Disaster Recovery Test - Saturday 14th April 2018

January 26, 2018 14:33:26

Dear Cboe Europe Equities Participants

Annual Disaster Recovery test - Saturday 14th April 2018

Cboe Europe (Cboe) will be conducting its annual disaster recovery (DR) test for the Production BXE, CXE, TRF and SIS environments on Saturday 14th April 2018.
The purpose of this testing day is for Cboe to simulate various DR failover scenarios, including a test of market failover from its primary data centre at Equinix Slough (LD4) to its secondary data centre at Equinix Park Royal (LD3). Participant attendance is not mandatory but is strongly recommended as this exercise affords Participants the ability to observe how their trading, quoting, trade reporting and market data applications would function in the event of a DR event at Cboe.

Participants should note the following:

* Change Freeze - Participants wishing to take part in the DR test must submit any outstanding requests for new ports by 16:00 UK time on Thursday 12th April. No new port requests will be processed on Friday 13th April.
* Production Data - Please ensure that your Production systems are configured not to send Production trade reports when Cboe systems come up on the morning of Saturday 14th April, as all data from that day will be discarded as test data.
* Disaster Recovery Test Schedule of Activities - attached

Key contacts on the day

* The standard Cboe support contacts will be available from 07:00 until 13:00 UK time:

o NOC: NOCEurope@cboe.com +44 20 7012 8905

o Trade Desk: TradeDeskEurope@cboe.com +44 20 7012 8901

Conference Bridge

* There will be an one-way conference bridge open from 07:30 to 13:15 UK used by Cboe staff to disseminate regular progress updates throughout the day.

* Details of the conference bridge will be sent out closer to the DR test date.

Documentation

* Disaster Recovery Guide

* Disaster Recovery Testing Guide

Please contact the Trade Desk or 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
11 Monument Street | London, EC3R 8AF
T: +44 207 012 8901
E: TradeDeskEU@cboe.com | cboe.com >

Cboe Europe Equities: Visible Peg Order Price change, effective Fri 19th Jan 2018

January 16, 2018 09:53:47

Dear Cboe Europe Equities Participants
Summary:
Please be advised that effective Friday, 19th January 2018, Visible Peg order Limit prices will be rounded away from the primary price to a price increment on the less aggressive Cboe tick if the referenced price is not on a Cboe tick. Both Primary and Market Peg orders can be visible on Cboe orderbooks and will therefore be affected by this change. On the same effective date, Visible Peg orders will be re-enabled for Swiss instruments. All of these changes take effect for all instruments on the Cboe BXE and CXE orderbooks.

Background:
In some cases today Cboe symbols are on a different tick size to the primary market of listing symbol, which could result in cases where Cboe Primary and Market peg quotes could be off-tick from other Cboe quotes. The change described above aims to address this anomaly.

Testing:
Please be advised the above changes are available for testing in the Cboe BXE and CXE CERTIFICATION environments effective Wednesday, 17th January 2018.

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/.

Please contact the Trade Desk or your Account Manager if you have any questions.

Trade Desk
Cboe Europe Equities
11 Monument Street | London, EC3R 8AF
T: +44 207 012 8901
E: TradeDeskEU@cboe.com | cboe.com >

Cboe Europe Equities: Secure Web API - Password Change Required by Mon 5th March 2018

January 15, 2018 14:16:45

Dear Cboe Europe Equities Participants
Please be advised that effective Monday, 5th March 2018, to enhance security, Cboe Europe Equities (Cboe) will require all Secure Web API users to change their passwords. Additionally, Cboe will be implementing a requirement that Web API accounts have their passwords updated at least once annually going forward. Accounts will be automatically locked if not updated annually, so it is critical your firm implements controls to ensure accounts are updated per this schedule to ensure you are not unexpectedly locked out of the Secure Web API.

Details:

* All Secure Web API participants must change their password by end of day Sunday, 4th March 2018

* Only Secure Web API users and those who programmatically access the secure Cboe Europe participant portal are subject to this change.

* If you utilise the Secure Web API or use programmatic access and have not changed your password by 2359 UK Time on Sunday, 4th March 2018, your account will be locked starting Monday, 5th March 2018, until you reset your password.

How to reset your Secure Web API Password:

* Navigate to https://batstrading.co.uk/account/forgot_password/ and enter the username of the account you would like to reset

* A Password Reset link will be sent to the email address associated to the account

* You will be asked to enter a new password which will take effect immediately

* Please update any internal systems on your side with the new password

Testing:
Please be advised that effective Monday, 12th February 2018, all Secure Web API account passwords will be reset in the CERTIFICATION environment, requiring Participants to change the account password.

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/.

Please contact the Trade Desk or your Account Manager if you have any questions.

Trade Desk
Cboe Europe Equities
11 Monument Street | London, EC3R 8AF
T: +44 207 012 8901
E: TradeDeskEU@cboe.com | cboe.com >

Cboe Europe: MiFID II Tick Size changes, effective 9th January, 2018

January 05, 2018 16:24:40

Dear Cboe Europe Equities Participants
Please be advised that effective Tuesday, 9th January 2018, Cboe Europe Equities (Cboe) will align equity instruments (excluding Swiss) with the most relevant market's tick sizes where that market's tick size is currently more granular than that on Cboe BXE, CXE and LIS. This will result in Cboe being in line or more granular than the most relevant market's tick size for MiFID II eligible securities.

Testing:
These changes will be available in the certification symbol reference files for the Cboe BXE, CXE and LIS UAT environments effective Monday, 8th January 2018.

In addition, we wish to remind Participants of changes in behaviour of orders and trade reports processed by our platforms as a result of the MiFID II regulation in force. Orders and trade reports may be rejected in some scenarios as a result of these changes. Details of the changes are outlined in the CBOE EUROPE MIFID II GO LIVE GUIDANCE NOTE.

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

Please contact the Trade Desk or your Account Manager if you have any questions.

Trade Desk
Cboe Europe Equities
11 Monument Street | London, EC3R 8AF
T: +44 207 012 8901
E: TradeDeskEU@cboe.com | cboe.com >

Cboe Europe: Dark Limit Order changes, effective 8th January, 2018

January 05, 2018 16:22:24

Dear Cboe Europe Equities Participants
Please be advised that effective Monday, 8th January 2018, Cboe Europe Equities (Cboe) will no longer reject orders entered with off-tick prices on Cboe Dark Books in Production and Certification.

In addition, we wish to remind Participants of changes in behaviour of orders and trade reports processed by our platforms as a result of the MiFID II regulation in force. Details of the changes are outlined in the CBOE EUROPE MIFID II GO LIVE GUIDANCE NOTE.

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

Please contact the Trade Desk or your Account Manager if you have any questions.

Trade Desk
Cboe Europe Equities
11 Monument Street | London, EC3R 8AF
T: +44 207 012 8901
E: TradeDeskEU@cboe.com | cboe.com >