Release Notes

REMINDER: Cboe Europe: Participant Portal minimum supported version of Transport Layer Security (TLS) effective Fri 23rd August, 2019

July 18, 2019 09:30:43

Dear Cboe Europe Participants,

Cboe Europe (Cboe) would like to highlight the upcoming mandatory change impacting Participants who use the Participant Web Portal, Secure Web API services and Symbol and Tick Size Reference Data CSV files.

Participants should ensure that they have upgraded to a minimum version of TLS 1.2 or higher to access the above services by 9PM (UK) on Friday 23rd August, 2019 in Production.

This change will be applied in Certification at 9PM (UK) on Friday 19th July, 2019.

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

Trade Desk
Cboe Europe Equities
T. +4420 7012 8901 (UK); +31 20 299 6801 (NL)
E. [email protected] | cboe.com >

REMINDER: Cboe Europe: Annual Disaster Recovery Test - Saturday 13th July 2019

July 09, 2019 12:39:41

Dear Cboe Europe Equities Participants

Annual Disaster Recovery test - Saturday 13th July 2019

Cboe Europe (Cboe) will be conducting its annual disaster recovery (DR) test for the Production BXE, CXE, TRF and SIS environments on Saturday 13th July 2019.
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 11th July. No new port requests will be processed on Friday 12th July.
* Production Data: Please ensure that your Production systems are not configured to send Production trade reports when Cboe systems come up on the morning of Saturday 13th July, as all data from that day will be discarded as test data.

* Schedule of Activities: Disaster Recovery Testing Guide

Key contacts on the day

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

o NOC: [email protected] +44 20 7012 8905

o Trade Desk: [email protected] +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 Call-in Number: +44 207 897 0111

o Participant Passcode: 1271282471#

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: [email protected] | cboe.com >

REMINDER: Cboe Europe: Annual Disaster Recovery Test - Saturday 13th July 2019

July 05, 2019 11:50:50

Dear Cboe Europe Equities Participants

Annual Disaster Recovery test - Saturday 13th July 2019

Cboe Europe (Cboe) will be conducting its annual disaster recovery (DR) test for the Production BXE, CXE, TRF and SIS environments on Saturday 13th July 2019.
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 11th July. No new port requests will be processed on Friday 12th July.
* Production Data: Please ensure that your Production systems are not configured to send Production trade reports when Cboe systems come up on the morning of Saturday 13th July, as all data from that day will be discarded as test data.

* Schedule of Activities: Disaster Recovery Testing Guide

Key contacts on the day

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

o NOC: [email protected] +44 20 7012 8905

o Trade Desk: [email protected] +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 Call-in Number: +44 207 897 0111

o Participant Passcode: 1271282471#

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: [email protected] | cboe.com >

=?Windows-1252?Q?Cboe_Europe_Equities:_Brexit_=96_DXE_(NL_venue)_Port_ord?= =?Windows-1252?Q?ering_&_BXE/CXE_Port_Rationalisation_by_Mon_30th_Sept_20?= =?Windows-1252?Q?19?=

July 04, 2019 15:02:54

Dear Cboe Europe Equities Participants

Cboe Europe (Cboe) is pleased to publish further details to our previously announced revised Brexit plan:

· Cboe NL (DXE) Port Ordering via the new ‘Logical Port Request’ tool. Using this tool Participants can now order ports for the new Cboe NL (DXE) venue. See availability dates in table below.

· BXE and CXE Brexit Logical Port Rationalisation via the new ‘Brexit Port Usage’ tool. Using this tool Participants can now review their BXE and CXE Brexit port usage and raise port deletion requests as required. Participants are urged to complete these activities by Monday 30th September 2019 ahead of port counts being taken for the September billing run.

Cboe NL (DXE) Port Ordering
The new ‘Logical Port Request’ tool allows Participants to order logical ports via the Cboe Customer Web Portal for DXE. This tool allows permissioned users to request that logical ports be added, modified, deleted or cloned. The ‘cloning’ functionality allows Participants to specify an existing logical port from one environment to be used as a template for port creation.

· Certification (UAT) availability: Effective Monday 8th July 2019 Participants will be able to order new ports for the UAT DXE environment. These ports will become available for network connectivity testing from Friday 12th July 2019. UAT ports created before Monday 29th July 2019 will be disabled for order and ETR entry up until this date.

· Production (PROD) availability: Effective Monday 5th August 2019 Participants will be able to order new ports for the Production DXE environment. Production Ports created before Friday 23rd August 2019 can be used for network level connectivity testing only, as order and ETR entry will be disabled up until this date. After this date the ports will become usable for test symbols only on weekdays. In the lead-up to the new venue go-live on Tuesday 1st October 2019 a series of weekend DXE dress rehearsals will be conducted (see availability table below for dates), during which live symbols will be enabled on these ports.

BXE and CXE Brexit Logical Port Rationalisation
As a result of our original Brexit migration approach, some Participants may now have additional BXE and CXE ports that they no longer require as these ports will now solely be used to access the UK venue. A significant number of these ports are not yet billable. Any of these ports that remain in place after Monday 30th September 2019 will be counted and charged for in the September billing run. To aid the rationalisation of these ports, the ‘Brexit Port Usage’ tool will allow Participants to review their current port usage and raise deletion requests within the application to the Trade Desk as required based on this information. The tool will show all ports created or used between Monday 1st October 2018 and Monday 1st July 2019, to help Participants ascertain which of their ports are being utilised. Ports can then be flagged for deletion by the Participant. Where a Participant’s Brexit preparations lead to the creation of a new Cboe Europe Participant firm, the ports for the new firm are shown as part of the new firm’s port usage and are not added to the existing firm’s port usage.

· Certification (UAT) availability: Effective Monday 8th July 2019 Participants can use the ‘Brexit Port Usage’ application to rationalise their UAT ports.

· Production (PROD) availability: Effective Friday 12th July 2019 Participants can use the ‘Brexit Port Usage’ application to rationalise their Production ports.

Once port deletion requests are actioned it will not be possible to recover these sessions. Please contact the Trade Desk to discuss your requirements should you have any questions. In addition to this rationalisation of unused ports, Cboe has plans to reclaim ‘Bank Codes’ which are no longer utilised, details of which will be communicated in Q4 2019.

Permissioning
Access to both the ‘Brexit Port Usage’ tool and the ‘Logical Port Request’ tool is permissioned to authorised users only via the ‘Logical Port Request’ privilege. Users who wish to have access should contact their firm Account Admin.

Certification (UAT) & Production Availability
The key UAT and Production Brexit milestones are listed in the following table. The milestones pertinent to this Trade Desk note are highlighted in yellow.
Target Date

Environment

Milestone

Monday 8th July 2019

UAT

DXE logical ports available to order including DXE market data ports.
BXE and CXE logical port rationalisation available via ‘Brexit Port Usage’ tool in UAT.

Monday 8th July 2019

UAT

The regulated_entity column (the last column) in the symbol reference data file will be removed across all environments.

Friday 12th July 2019

UAT

Network connectivity available

Friday 12th July 2019

PRODUCTION

BXE and CXE logical port rationalisation available via ‘Brexit Port Usage’ tool in PRODUCTION

Monday 29th July 2019

UAT

DXE logical ports usable for order and ETR entry

Monday 5th August 2019

Production

DXE logical ports available to order including DXE market data ports.

Monday 5th August 2019

Production

The regulated_entity column (the last column) in the symbol reference data file will be removed across all environments.

Friday 23rd August 2019

Production

DXE logical ports usable for trading test symbols on weekdays

Saturday 31st August 2019

Production

1st DXE dress rehearsal

Monday 2nd September 2019

Production

NL APA go-live

Tuesday 1st October 2019

Production

BXE and CXE ports will now be counted and charged for in the September billing run

Saturday 14th September 2019

Production

2nd DXE dress rehearsal

Friday 27th September 2019

Production

Sunset of legacy multicast PITCH feed

Saturday 28th September 2019

Production

3rd DXE dress rehearsal

Tuesday 1st October 2019

Production

DXE go-live

Documentation

§ Brexit FAQ

§ Brexit Microsite

§ Technical Specifications

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

Trade Desk
Cboe Europe Equities
T. +4420 7012 8901 (UK); +31 20 299 6801 (NL)
E. [email protected] | cboe.com >

REMINDER: Cboe Europe Equities: Changes to Symbol Reference Data File & Third Party Static Data File, effective 5th August 2019

July 02, 2019 16:30:23

Dear Cboe Europe Equities Participants

As part of our previously announced revised Brexit plan, Cboe Europe Equities (Cboe) will be removing the regulated_entity column from the end of the Symbol Reference Data CSV file, effective Monday 5th August 2019. In addition, the jurisdiction column in the Third Party Static Data CSV file will now also be removed effective Monday 5th August 2019.

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

* regulated_entity column will be removed from the end of the file

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

Third Party Static Data CSV
In summary, the following change will be made to the file:

* jurisdiction column will be removed from the end of the file

The change above will be effective for the BXE and CXE Third Party Static Data CSV file, upon the PRODUCTION effective date indicated above.

Testing
These changes have been reflected in the Reference Data Specification and Third Party Static Data Specification and will be made available in the CERTIFICATION environments for testing, effective Monday 8th July 2019.

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. [email protected] | cboe.com >

REMINDER: Cboe Europe Equities: Introduction of Purge Ports, effective Fri 12th July 2019

July 01, 2019 16:02:03

Dear Cboe Europe Equities Participants

Cboe Europe Equities (Cboe) is pleased to announce the introduction of new functionality effective Friday 12th July 2019 subject to regulatory approval.

Purge Ports will provide Participants with additional functionality to manage risk and exercise control over their open orders across the BXE and CXE Exchange platforms. Cboe currently provides the ability for Participants to submit cancel requests, where each request is limited to cancelling an individual open order entered over a single trading session. Purge Ports expand on this functionality by providing Participants the ability to submit a cancellation for all open orders or a subset thereof, across multiple sessions under the same Bank Code and/or more granular levels of Symbol, or CustomGroupID(s). Purge requests will be initiated by sending a single message over an individual FIX or BOE Purge Port on the BXE or CXE Exchange platforms respectively, where open orders are cancelled simultaneously for the associated platform.

In addition, these specification updates include upcoming FIX, BOE and PITCH changes for a launch of a post close trading phase and will be available in the BXE Certification environment effective Monday 8th July 2019, with a Production release date to be announced in future.

Purge Ports Technical Details
Cboe will introduce new FIX and BOE message types to be used only on Purge Ports. Participants will be able to send a Purge Request message(s) and filter specific orders to be included or omitted using one or more of the following:

Filter

FIX Tag

BOE Field

Description

Bank Code

115

ClearingFirm

Optional field. Single entry only. This is required for any self-imposed lockouts or for Service Bureaus. Set using first character of MassCancelInst (7700) and sending OnBehalfOfCompId (115).

Symbol

55

Symbol

Optional field. Single entry only. Set by sending a valid symbol in the Symbol field or valid symbology combination. Cannot be combined with CustomGroupID (7699) filter.

CustomGroupID

7699

CustomGroupID

Optional field. Allows for a Participant specified ID to be entered for customised grouping of orders. Maximum of 10 CustomGroupIDs can be included in a single Purge Request.

If all optional filters are left blank, a purge request will cancel all open orders across all the submitting Participant's sessions.

A CustomGroupID field (7699) will be added to New Order messages allowing Participants to segregate order flow into distinct groups. Only Purge Ports will be allowed to cancel orders and/or self-impose a risk order lockout by CustomGroupID.

Within a Purge Request, a Participant will be able to self-impose an order lockout on the defined filter, the lockout will cause New Order messages to be rejected. For example, a lockout can be set against a specific CustomGroupID or by Bank Code and Symbol.

In order to reset a self-imposed lockout made by a Purge Port, Cboe will add a new RiskReset field (7692) to the New Order message. Participants are able to reset or release Bank Code, Symbol or CustomerGroupID level lockout conditions with the single character values:

* Bank code-level lockout reset = 'F'

* Symbol-level lockout reset = 'S'

* CustomGroupID lockout reset= 'C'

The new single character RiskReset values can be combined together to allow for resets of multiple self-imposed order lockouts in a single FIX and BOE New Order message. For example, 'FS', 'SC', 'FC', and 'SFC' are all acceptable values.

Message Rate Limits:
Cboe will limit the rate at which identical Purge Requests will be accepted to 20 messages per second per Purge Port. This throttling will be evaluated for all Purge Requests received on a given port. Any additional identical requests received in the 1 second period that exceed the 20 message limit will be rejected.
Logical Port Requests & Pricing:
To order Purge Ports, please return a completed Logical port Order Form to the Trade Desk.

The updated Connectivity Price List detailing the fees can be found here.

Certification and Production Release Dates:
Testing of the new Purge Ports functionality is now available in the Certification BXE/CXE environments and Production BXE/CXE environments effective Friday 12th July 2019. Participants are required to complete a conformance test for Purge Ports, the conformance script is located within our Participant Portal.

Purge Ports Guidance Note

All current and historical Cboe notices, including symbol universe updates, are available online.

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: [email protected] | cboe.com >

REMINDER: Cboe Europe: Annual Disaster Recovery Test - Saturday 13th July 2019

June 28, 2019 14:40:40

Dear Cboe Europe Equities Participants

Annual Disaster Recovery test - Saturday 13th July 2019

Cboe Europe (Cboe) will be conducting its annual disaster recovery (DR) test for the Production BXE, CXE, TRF and SIS environments on Saturday 13th July 2019.
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 11th July. No new port requests will be processed on Friday 12th July.
* Production Data - Please ensure that your Production systems are not configured to send Production trade reports when Cboe systems come up on the morning of Saturday 13th July, as all data from that day will be discarded as test data.

* Schedule of Activities - Disaster Recovery Testing Guide

Key contacts on the day

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

o NOC: [email protected] +44 20 7012 8905

o Trade Desk: [email protected] +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: [email protected] | cboe.com >

Cboe Europe Equities: Suspension of trading in Swiss registered shares, effective Mon 1st July 2019

June 24, 2019 17:27:14

Dear Cboe Europe Participants,

Following the notice published by the Swiss Federal Council, as from 1st January 2019, a recognition obligation has been applicable to foreign trading venues if they admit shares of Swiss registered companies to trading or permit trading in such shares. In the event that Switzerland is not granted equivalence from the EU by Sunday 30th June 2019, Cboe Europe (Cboe) will not be permitted to admit to trading securities with a Swiss registered office and listed on a Swiss exchange with effect from the start of trading on Monday 1st July 2019. Please note that this applies only to shares (ETFs, ETCs, ETNs are not impacted).

In practice, this means that all On-Exchange activity (Order Books, Periodic Auctions, Cboe LIS, ETRs) in the affected instruments, will be rejected by Cboe. Please note that the submission of OTC trade reports or SI quotes to the APA (TRF) or SI platforms are unaffected and will continue to be permitted.

Affected Instruments

Summary:
Security type

Listing Jurisdiction

Status from effective date

Swiss registered company (Equity)

Switzerland

Delisted

Swiss registered company (Equity)

Switzerland + EU RIE

Delisted

Swiss registered company (Equity)

EU RIE

Ok to trade

Please find attached the instrument data for the affected securities as well as a list of the same symbols below:

ABBNz,ADENz,ADVNz,ADXNz,AEVSz,AIREz,AIRNz,ALCz,ALLNz,ALPHz,ALPNz,ALSNz,ANFOz,ARBNz,ARONz,ARYNz,ASCNz,AUTNz,BAERz,BALNz,BANBz,BAPz,BARNz,BBNz,BCGEz,BCHNz,BCVNz,BEANz,BEKNz,BELLz,BIMz,BIONz,BKWz,BLKBz,BOBNNz,BOSNz,BPDGz,BRKNz,BSKPz,BSLNz,BUCNz,BVZNz,CALNz,CASNz,CEVAz,CFRz,CFTz,CICNz,CIEz,CLNz,CLTNz,CLXNz,CMBNz,CONz,COTNz,CPHNz,CSGNz,CSLPz,DAEz,DCNz,DESNz,DKSHz,DOKAz,DUFNz,EDHNz,EEIIz,EFGNz,ELMNz,EMMNz,EMSNz,ESUNz,EVEz,FHZNz,FINz,FIRz,FONCz,FORNz,FRENz,FTONz,GALEz,GAMz,
GAVz,GEBNz,GIVNz,GLKBNz,GLOBIz,GMIz,GREENz,GRKPz,GURz,HBLNz,HELNz,HIAGz,HLEEz,HOCNz,HOSPz,HRENz,HUBNz,IDIAz,IFCNz,IMPNz,IMz,INRNz,INTz,IRENz,ISNz,JFNz,KARNz,KLINz,KNINz,KOMNz,KUDz,LANDz,LECNz,LEHNz,LHNz,LINNz,LISNz,LISPz,LLQz,LOGNz,
LONNz,LUKNz,MBTNz,METNz,MIKNz,MOBNz,MOZNz,MTGz,NBENz,NESNz,NEVz,NOVNEz,NOVNz,NTIVz,OBSNz,ODHNz,OERLz,OFNz,ORONz,PARGz,PEANz,PEDUz,PEHNz,PFIz,PGHNz,PLANz,PMz,POLNz,PRFNz,PSCFz,PSPNz,PSREFz,PWTNz,RDFz,RIENz,RIGNz,RLDz,RLFz,ROGz,ROSEz,ROz,RUSz,SAHNz,SANNz,SCHNz,SCHPz,SCMNz,SENSz,SFPFz,SFPNz,SFSNz,SFZNz,SGKNz,SGSNz,SIATz,SIGNz,SIKAz,SIMAz,SLHNz,SNBNz,SOONz,SPCEz,SPSNz,SQNz,SRAILz,SRCGz,SREAz,SRENEz,SRENz,STGNz,STLNz,STMNz,STRNz,SUNz,SWRESz,SWTQz,TAMNz,TECNz,TEMNz,TIBNz,
TKBPz,TOHNz,UBCHz,UBSGz,UBXNz,UHRNz,UHRz,VACNz,VALNz,VATNz,VETz,VIFNz,VILNz,VONNz,VZNz,WKBNz,YPSNz,ZGz,ZUBNz,ZURNz,ZWMz,ABBs,BBZAd,BBm,CSXd,ED4d,LHNp,NESRd,NOTd,YZAi

Certification (UAT) Testing
In preparation, the trading suspensions described above will be deployed in the CERTIFICATION environments, effective Wednesday 26th June 2018

UAT Symbol Reference Data: http://certification.bats.com/europe/equities/support/reference_data/

The updated Production Symbol Reference Data Files will be available on our website at http://markets.cboe.com/europe/equities/support/reference_data/.

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. [email protected] | cboe.com >

Cboe Europe: Participant Portal minimum supported version of Transport Layer Security (TLS) effective Fri 23rd August, 2019

June 20, 2019 15:14:52

Dear Cboe Europe Participants,

Cboe Europe (Cboe) would like to highlight the upcoming mandatory change impacting Participants who use the Participant Web Portal, Secure Web API services and Symbol and Tick Size Reference Data CSV files.

Participants should ensure that they have upgraded to a minimum version of TLS 1.2 or higher to access the above services by 9PM (UK) on Friday 23rd August, 2019 in Production.
This change will be applied in Certification at 9PM (UK) on Friday 19th July, 2019.

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. [email protected] | cboe.com >

Cboe Europe: Secondary CXE CERTIFICATION (UAT-DR) test environment unavailable due to maintenance

June 20, 2019 09:43:05

Dear Cboe Europe Equities Participants

Due to ongoing infrastructure maintenance, connectivity to the Disaster Recovery CXE CERTIFICATION (UAT-DR) test environment located at Equinix Park Royal (LD3) will be intermittently unavailable from now through Friday 28th June 2019, inclusive.

Please note that the Primary CXE CERTIFICATION (UAT) test environment located at Equinix Slough (LD4) will remain fully available throughout this period and should be used for any testing during this time. The BXE and TRF and SIS CERTIFICATION test environments will also continue to remain available as normal.

Normal connectivity to the backup CXE CERTIFICATION test environment will be restored from Monday 1st July 2019.

Please contact the Trade Desk 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: [email protected] | cboe.com >

Cboe Europe Equities: Changes to Symbol Reference Data File & Third Party Static Data File, effective 5th August 2019

June 11, 2019 13:46:11

Dear Cboe Europe Equities Participants

As part of our previously announced revised Brexit plan, Cboe Europe Equities (Cboe) will be removing the regulated_entity column from the end of the Symbol Reference Data CSV file, effective Monday 5th August 2019. In addition, the jurisdiction column in the Third Party Static Data CSV file will now also be removed effective Monday 5th August 2019.

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

* regulated_entity column will be removed from the end of the file

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

Third Party Static Data CSV
In summary, the following change will be made to the file:

* jurisdiction column will be removed from the end of the file

The change above will be effective for the BXE and CXE Third Party Static Data CSV file, upon the PRODUCTION effective date indicated above.

Testing
These changes have been reflected in the Reference Data Specification and Third Party Static Data Specification and will be made available in the CERTIFICATION environments for testing, effective Monday 8th July 2019.

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. [email protected] | cboe.com >

REMINDER: Cboe Europe: Annual Disaster Recovery Test - Saturday 13th July 2019

June 10, 2019 08:26:55

Dear Cboe Europe Equities Participants

Annual Disaster Recovery test - Saturday 13th July 2019

Cboe Europe (Cboe) will be conducting its annual disaster recovery (DR) test for the Production BXE, CXE, TRF and SIS environments on Saturday 13th July 2019.
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 11th July. No new port requests will be processed on Friday 12th July.
* Production Data - Please ensure that your Production systems are not configured to send Production trade reports when Cboe systems come up on the morning of Saturday 13th July, as all data from that day will be discarded as test data.

* Schedule of Activities - Disaster Recovery Testing Guide

Key contacts on the day

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

o NOC: [email protected] +44 20 7012 8905

o Trade Desk: [email protected] +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: [email protected] | cboe.com >

Cboe Europe Equities: Introduction of Purge Ports, effective Fri 12th July 2019

May 31, 2019 16:05:00

Dear Cboe Europe Equities Participants

Cboe Europe Equities (Cboe) is pleased to announce the introduction of new functionality effective Friday 12th July 2019 subject to regulatory approval.

Purge Ports will provide Participants with additional functionality to manage risk and exercise control over their open orders across the BXE and CXE Exchange platforms. Cboe currently provides the ability for Participants to submit cancel requests, where each request is limited to cancelling an individual open order entered over a single trading session. Purge Ports expand on this functionality by providing Participants the ability to submit a cancellation for all open orders or a subset thereof, across multiple sessions under the same Bank Code and/or more granular levels of Symbol, or CustomGroupID(s). Purge requests will be initiated by sending a single message over an individual FIX or BOE Purge Port on the BXE or CXE Exchange platforms respectively, where open orders are cancelled simultaneously for the associated platform.

In addition, these specification updates detail upcoming FIX, BOE and PITCH changes for the potential launch of a post close trading phase.

Purge Ports Technical Details
Cboe will introduce new FIX and BOE message types to be used only on Purge Ports. Participants will be able to send a Purge Request message(s) and filter specific orders to be included or omitted using one or more of the following:

Filter

FIX Tag

BOE Field

Description

Bank Code

115

ClearingFirm

Optional field. Single entry only. This is required for any self-imposed lockouts or for Service Bureaus. Set using first character of MassCancelInst (7700) and sending OnBehalfOfCompId (115).

Symbol

55

Symbol

Optional field. Single entry only. Set by sending a valid symbol in the Symbol field or valid symbology combination. Cannot be combined with CustomGroupID (7699) filter.

CustomGroupID

7699

CustomGroupID

Optional field. Allows for a Participant specified ID to be entered for customised grouping of orders. Maximum of 10 CustomGroupIDs can be included in a single Purge Request.

If all optional filters are left blank, a purge request will cancel all open orders across all the submitting Participant's sessions.

A CustomGroupID field (7699) will be added to New Order messages allowing Participants to segregate order flow into distinct groups. Only Purge Ports will be allowed to cancel orders and/or self-impose a risk order lockout by CustomGroupID.

Within a Purge Request, a Participant will be able to self-impose an order lockout on the defined filter, the lockout will cause New Order messages to be rejected. For example, a lockout can be set against a specific CustomGroupID or by Bank Code and Symbol.

In order to reset a self-imposed lockout made by a Purge Port, Cboe will add a new RiskReset field (7692) to the New Order message. Participants are able to reset or release Bank Code, Symbol or CustomerGroupID level lockout conditions with the single character values:

* Bank code-level lockout reset = 'F'

* Symbol-level lockout reset = 'S'

* CustomGroupID lockout reset= 'C'

The new single character RiskReset values can be combined together to allow for resets of multiple self-imposed order lockouts in a single FIX and BOE New Order message. For example, 'FS', 'SC', 'FC', and 'SFC' are all acceptable values.

Message Rate Limits:
Cboe will limit the rate at which identical Purge Requests will be accepted to 20 messages per second per Purge Port. This throttling will be evaluated for all Purge Requests received on a given port. Any additional identical requests received in the 1 second period that exceed the 20 message limit will be rejected.

Logical Port Requests & Pricing:
To order Purge Ports, please return a completed Logical port Order Form to the Trade Desk.

The updated Connectivity Price List detailing the fees can be found here.

Certification and Production Release Dates:
Testing of the new Purge Ports functionality is now available in the Certification BXE/CXE environments and Production BXE/CXE environments effective Friday 12th July 2019. Participants are required to complete a conformance for Purge Ports, the conformance script is located within our Participant Portal.

Additional Information:
The FIX, BOE, PITCH and reference data specification additions have also been made to existing fields to support the introduction of a post close trading phase from Friday 12th July 2019 and are available online.

Purge Ports Guidance Note

All current and historical Cboe notices, including symbol universe updates, are available online.

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: [email protected] | cboe.com >
* Cboe Europe Limited is a Recognised Investment Exchange regulated by the Financial Conduct Authority.

Cboe Europe Equities: Essential System Maintenance Saturday 1st June 2019

May 31, 2019 14:17:05

Dear Cboe Europe Equities Participants

Please be aware that on Saturday 1st June 2019, due to essential power maintenance at Equinix LD4, there may be disruption or unavailability of TCP port listeners and multicast heartbeat messages for all services throughout the day. All services are expected to be fully restored by midday Sunday 2nd June 2019.

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: [email protected] | cboe.com >

Cboe Europe Equities: Brexit Update and Launch of Netherlands Venue, effective Tue 1st Oct 2019

May 31, 2019 13:04:23

Dear Cboe Europe Equities Participants

Following the postponement of the launch of Cboe Europe's (Cboe) venue in the Netherlands (Cboe NL) in April 2019 and further to this previous announcement, Cboe would like to announce its revised Brexit plan and launch dates for Cboe NL. Please be aware that this plan might be impacted by future political or regulatory developments. A high-level summary can be found in this notice, however the FAQ and Timeline available on the Brexit microsite provide comprehensive details of our revised plan.

Overview of revised Brexit Plan:

§ Cboe will build a new separate EU trading environment regulated by the Dutch Authority for the Financial Markets (AFM) and offering trading at launch in EEA symbols only. This environment will represent the "NL venue" and will be referred to as the DXE exchange environment.

§ The existing BXE and CXE exchange environments will continue to offer trading in UK, Swiss and EEA symbols. These environments will collectively represent the "UK venue" and will continue to be regulated by the FCA.

§ Both the UK venue and the NL venue will allow for trading of EEA symbols.

§ On the assumption that a "no deal" Brexit is avoided, the DXE environment will support all business functionality currently offered in BXE and CXE apart from Cboe LIS; i.e. a lit book, a dark book, periodic auctions, Exchange Trade Reports and self-listed symbols which include opening and closing auctions.

§ Cboe will also launch Approved Publication Arrangement (APA) and Systematic Internaliser (SI) quoting services from its Netherlands-based venue.

Impact of revised Brexit plan on BXE and CXE:
The following bullet-points summarise the impact on the BXE and CXE environments. Please refer to the FAQ page for a full-breakdown of the impact:

§ BXE and CXE EU Jurisdiction Ports: As a result of the April 2019 postponement of the UK's exit from the EU, these ports will be reclassified as UK venue ports and will continue to be usable on the UK venue. To aid clean up and rationalisation of ports Participants will be notified of any existing ports that have not been used for three months prior to Monday 1st July 2019 and will be able to request their deletion. Any ports still in place from Monday 2nd September 2019 will be billed in the September billing run. Participants can view their ports in the 'Logical Ports' section of the Cboe Customer Web Portal.

§ BXE and CXE new multicast PITCH feed infrastructure: The new multicast PITCH feed infrastructure made available from Friday 15th February 2019 will be reclassified as exclusively for dissemination of data generated from the UK venue. As of Friday 27th September 2019, this new feed will become the only means of receiving multicast PITCH data from the UK venue therefore all Participants must have migrated by then. As previously notified the legacy multicast PITCH feeds will still be sunset on Friday 27th September 2019 so Participants are still required to complete their migration to the new multicast PITCH feed in advance of this date. In addition, with immediate effect GRP ports previously classified with a "UK" jurisdiction on the new multicast PITCH feed infrastructure can be used for making gap requests to any matching unit. From Monday 27th January 2020 "EU" jurisdiction GRP ports will no longer be usable and will therefore be sunset.

§ BXE and CXE Reference data: The regulated_entity column (the last column) in the symbol reference data file will be removed effective Monday 8th July 2019 in Certification (UAT) and Monday 5th August 2019 in Production across all environments.

Impact on APA and SI quoting services:

§ The previously announced technical implementation for the APA and SI quoting services remains unchanged for the launch of the Netherlands-based venue.

§ From Monday 2nd September 2019, the APA associated with the bank code (UK or NL) used for trade reporting into the Cboe APA will be used to denote whether the trade report is targeting the UK or NL APA in Production. This change is already live in UAT.

Onboarding to the NL Venue and accessing the DXE environment:
Firms who are not yet members of the NL venue wishing to become Participants will need to follow the on-boarding process regardless of whether they are an existing member of the Cboe UK venue.

Clearing and trusting relations already set up for the NL venue will automatically apply to the DXE environment. See the FAQ page for more details.

The following bullet-points summarise how to access the DXE environment. Please refer to the FAQ page for a full break-down of how to access the DXE environment and the technical interface changes involved.

§ DXE Ports: Participants will be able to request NL venue order entry, ODROP and FIXDROP ports from Monday 8th July 2019 in Certification (UAT) and Monday 5th August 2019 in Production via a newly developed Logical Port Request tool via the Participant Portal. Participants shall be able to request that Cboe clone specific ports from BXE/CXE to DXE; details of this tool will be announced in due course. Ports ordered for DXE will be usable with live symbols from Monday 29th July 2019 in Certification (UAT) and with test symbols only in Production from Friday 23rd August 2019.

§ DXE market data ports: The new DXE multicast PITCH feed details are specified a revised Multicast PITCH specification and Connectivity Manual. Participants will be able to order NL venue GRP and SPIN ports from Monday 8th July 2019 in UAT and Monday 5th August 2019 in Production via a newly developed Logical Port Request tool in the Participant Portal.

§ DXE Reference data: The DXE environment will have its own symbol and tick files that use the same structure as the existing files.

Pricing
A new pricing scheme for the NL venue will be announced in due course. The LPS scheme launched on Monday 1st April 2019 will apply to both UK and NL venues.
Certification (UAT) & Production Availability
Target Date

Environment

Milestone

Monday 1st July 2019

Production

Participants notified of BXE and CXE ports that have not been used for three months

Monday 8th July 2019

UAT

DXE logical ports available to order including DXE market data ports

Monday 8th July 2019

UAT

The regulated_entity column (the last column) in the symbol reference data file will be removed across all environments.

Monday 29th July 2019

UAT

DXE logical ports usable for customer testing

Monday 5th August 2019

Production

DXE logical ports available to order including DXE market data ports

Monday 5th August 2019

Production

The regulated_entity column (the last column) in the symbol reference data file will be removed across all environments.

Friday 23rd August 2019

Production

DXE logical ports usable for trading test symbols on weekdays

Saturday 31st August 2019

Production

1st DXE dress rehearsal

Monday 2nd September 2019

Production

NL APA go-live

Monday 2nd September 2019

Production

Original BXE and CXE Brexit ports become billable

Saturday 14th September 2019

Production

2nd DXE dress rehearsal

Friday 27th September 2019

Production

Sunset of legacy multicast PITCH feed

Saturday 28th September 2019

Production

3rd DXE dress rehearsal

Tuesday 1st October 2019

Production

DXE go-live

Monday 27th January 2020

Production

BXE and CXE "EU" jurisdiction GRP ports will no longer be usable and will therefore be sunset.

Documentation

§ FAQ: https://markets.cboe.com/europe/brexit/FAQ

§ Specifications: https://markets.cboe.com/europe/equities/support/technical/

§ Microsite: https://markets.cboe.com/europe/brexit/

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. [email protected] | cboe.com >

Cboe Europe: Secondary CXE CERTIFICATION (UAT-DR) test environment unavailable due to maintenance

May 24, 2019 16:27:19

Dear Cboe Europe Equities Participants

Due to ongoing infrastructure maintenance, connectivity to the disaster recovery CXE CERTIFICATION (UAT-DR) test environment located at the Secondary Datacentre, Equinix Park Royal (LD3) will be intermittently unavailable from Tuesday 28th May 2019 through Friday 31st May 2019, inclusive.

Please note that the primary CXE CERTIFICATION (UAT) test environment located at the Primary Datacentre, Equinix Slough (LD4) will remain fully available throughout this period and should be used for any testing during this time. The BXE and TRF CERTIFICATION test environments will also continue to remain available as normal.

Normal connectivity to the backup CXE CERTIFICATION test environment will be restored from Monday 3rd June 2019.

Please contact the Trade Desk 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: [email protected] | cboe.com >

Cboe Europe Equities Launch New iShares Exchange Traded Fund, effective 16th May 2019

May 15, 2019 12:36:07

Dear Cboe Europe Participants,

Cboe Europe Equities (Cboe) is pleased to announce that it will be listing iShares $ Treasury Bond 0-1yr UCITS ETF MXN Hedged (Acc) on the Cboe Europe Regulated Market segment (REGM) CXE order book, effective Thursday 16th May 2019. This listing will be the first ETF denominated in Mexican Peso to be listed on-exchange in Europe.

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 $ Treasury Bond 0-1yr UCITS ETF MXN Hedged (Acc)

IB1MXx

IE00BJ5JMP33

MXN

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.

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:

* 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: [email protected] | cboe.com >
* Cboe Europe Limited is a Recognised Investment Exchange regulated by the Financial Conduct Authority.

Cboe Europe: CXE CERTIFICATION (UAT) test environment unavailable every Wednesday

May 15, 2019 11:17:36

Dear Cboe Europe Equities Participants

As a reminder, please note that the CXE CERTIFICATION (UAT) test environment will be unavailable after 14:00 London time on Wednesdays until further notice.

The BXE and TRF CERTIFICATION test environments will continue to be available for testing as normal on Wednesdays, and may be used for testing during times when the CXE CERTIFICATION test environment is unavailable.

The CXE CERTIFICATION test environment will become available again on the following Thursday morning of each week.

Participants are advised to take the above into consideration whilst planning their testing activities.

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: [email protected] | cboe.com >

Cboe Europe: Annual Disaster Recovery Test - Saturday 13th July 2019

May 07, 2019 14:58:10

Dear Cboe Europe Equities Participants

Annual Disaster Recovery test - Saturday 13th July 2019

Cboe Europe (Cboe) will be conducting its annual disaster recovery (DR) test for the Production BXE, CXE, TRF and SIS environments on Saturday 13th July 2019.
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 11th July. No new port requests will be processed on Friday 12th July.
* Production Data - Please ensure that your Production systems are not configured to send Production trade reports when Cboe systems come up on the morning of Saturday 13th July, as all data from that day will be discarded as test data.

* Schedule of Activities - Disaster Recovery Testing Guide

Key contacts on the day

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

o NOC: [email protected] +44 20 7012 8905

o Trade Desk: [email protected] +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: [email protected] | cboe.com >

Cboe Europe B.V. granted status of Recognised Overseas Investment Exchange

April 17, 2019 15:03:43

Dear Cboe Europe Equities Participants,

We are pleased to announce that the Financial Conduct Authority (FCA) has granted Cboe Europe B.V. the status of Recognised Overseas Investment Exchange under section 292(2) of the Financial Services and Markets Act 2000. This means that Cboe Europe B.V. will be able to continue to provide its Participants based in the UK with access to its market, should Cboe Europe B.V. no longer be able to rely on MiFID II passporting rights once the UK leaves the EU.

Please note that Cboe Europe B.V. has not yet launched trading in EEA securities as per the previous notice sent on 11th April 2019.

All current and historical Cboe notices are available online.

Please contact 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. [email protected] | cboe.com >

UPDATE: Cboe Europe Equities: Brexit Certification (UAT) Testing - Weekly Availability Schedule

April 15, 2019 15:59:36

Dear Cboe Europe Equities Participants

Further to the previous notice regarding the Certification (UAT) environment testing schedule, Cboe Europe (Cboe) will be amending the schedule for configuration of the BXE and CXE Certification environments going forward. Specifically, starting from Thursday 18th April 2019, the BXE and CXE Certification (UAT) environments will be reverted to a single venue (pre-Brexit mode) until further notice. Please note that the APA Certification (UAT) environment will remain configured as separate UK and EU APAs (Brexit-mode).

Functionally this will result in the following behaviour:

Functionality

Effective Thursday 18th April 2019

Order and ETR entry (BXE/CXE)

FIX and BOE session jurisdiction will not be enforced.
Orders and ETRs for either jurisdiction can be entered via a UK or EU FIX or BOE session.

UK and EU Venue MICs in LastMkt and ExecVenue fields (BXE/CXE)

Only UK venue MICs will be supplied in the LastMkt and ExecVenue field for all symbols.

Trading Venue flagging for trade reports (APA)

Will remain configured as separate UK and EU APAs. The regulatory jurisdiction (UK or EU) of the bank code used for trade reporting into the Cboe APA will be used to denote whether the trade report is targeting the UK or EU APA. The resulting Cboe APA will then be reflected on market data via the Cboe Trade Flags field. See Section 5 of the Guidance Note for more details.

Trading Venue flagging for trade reports (BXE/CXE)

All trade reports will be published with UK values in the Cboe Trade Flags field.

ODROP session filtering (BXE/CXE)

ODROP session jurisdiction will not be enforced. Flow for either jurisdiction will be received down an ODROP.

FIXDROP session filtering (BXE/CXE)

FIXDROP session jurisdiction will not be enforced. Flow for either jurisdiction will be received down a FIXDROP.

Transaction Reporting (BXE/CXE)

Order handler validation of cross border trading will not be enforced for transaction reporting as per the website.

Transaction Reporting
For Participants who are in the process of testing or certifying for Transaction Reporting: note that these changes mean all trades will be on the UK venue and use the UK segment MIC codes described here. These Participants should therefore ensure that they are populating the Trading Venue (TradVn) field with the appropriate UK Venue MIC codes. Full details of trading activity in scope and Transaction Reporting solutions can be found here. Please contact your Account Manager if you have any questions.

The Cboe's Brexit microsite resource should be checked regularly by Participants for upcoming updates regarding Brexit. All current and historical Cboe notices, including symbol universe updates, are available online.

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: [email protected] | cboe.com >

Cboe Europe Equities: Launch of Netherlands Venue Postponed and Production Saturday Dress Rehearsal Test Cancellation

April 11, 2019 15:47:50

Dear Cboe Europe Equities Participants

Further to the previous announcement, as an extension to Article 50 has now been agreed between the UK and EU, the additional Production Dress Rehearsal test day on Saturday 13th April 2019 will no longer take place.

Additionally, as per the previous announcement Cboe Europe will not launch trading, including its Approved Publication Arrangement (APA) and Systematic Internaliser (SI) quoting services, on its Netherlands venue until later in 2019.

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: [email protected] | cboe.com >

Cboe Europe Equities: No-Deal Brexit - Additional Production Saturday Dress Rehearsal Test - Sat 13th Apr 2019

April 09, 2019 08:40:01

Dear Cboe Europe Equities Participants

Further to previous announcements, and only in the event of a 'No-Deal' Brexit on Friday 12th April 2019 and launch of the Cboe Netherlands venue on Monday 15th April 2019, Cboe Europe will plan an additional Production Dress Rehearsal test day on Saturday 13th April 2019. This is an optional day, however participants are highly encouraged to utilise the day to validate connectivity, risk controls, symbol reference file data and other required static data. The full set of behaviours described in the Brexit Saturday Dress Rehearsal - Testing Guide will be supported on the day.

**Please note that unlike previous Dress Rehearsals, simulated clearing permissions will NOT be in place on the day for On-Exchange Trading Participants who have not yet submitted the required EU venue Clearing paperwork to their CCP. This means that participant orders and Exchange Trade Reports (ETRs) will be rejected unless Clearing paperwork is submitted. All Trading Participants are encouraged to review the Brexit readiness checklist here to ensure they are fully prepared for Brexit go-live and continuity of service.

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: [email protected] | cboe.com >

Cboe Europe: Participant Readiness for a No-Deal Brexit - ACTION REQUIRED

April 08, 2019 15:59:31

Dear Cboe Europe Participants

In the event of a 'No-Deal' Brexit on Friday 12th April 2019 and launch of the Cboe Netherlands venue on Monday 15th April 2019, Cboe Europe Equities (Cboe) would like to draw Participant attention to the following:

* FIX and BOE Port Jurisdictional Separation

If the Cboe Netherlands venue is launched (currently targeted to be effective Monday April 15th 2019), submission of Orders and Exchange Trade Reports (ETRs) over ports that do not match the jurisdiction of the traded market will be rejected. It is strongly recommended that Participants begin to route their flow down ports that match the jurisdiction (EU or UK) of the traded market as soon as possible this week. The full list of current Participant ports is available via the Logical Ports Dashboard. In the event you require more ports than you currently have available please urgently submit a new port request via the Logical Port Order form.

* Trusting relationship approvals and application of Risk Limits

In order for Participants to avoid setup issues impacting their multi-party and 3PB ETR flow under new entities related to Brexit, participants are advised to approve their trusting relationships as soon as possible via the Cboe Trusting Relation Management Tool. Once these relationships have been approved Participants must then set appropriate risk controls via the Risk Management Tool for each new relationship. Please note that Risk Limits for any new setups must be enabled by Participants at least 1 day prior to go-live, in order to avoid unwanted rejections impacting ETR flows.

* MiFID II RTS 24 Order Record Keeping (ORK) registration

Please note that MiFID II Order Record Keeping (RTS 24) short code/long code mappings for new Brexit entities must be registered by Participants, as required by Cboe Rule Book paragraph 11.9. Participants must ensure that the relevant short code mappings for any new entities are uploaded to the secure MiFID II Identifier Management portal as soon as possible. Cboe is urging Participants to register MiFID II identifiers in advance of order submission under any new entity, failure to do so will result in disciplinary action.

Participants should review the Brexit readiness checklist here to ensure they are fully prepared for Brexit go-live.

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

Trade Desk

Cboe Europe Equities

11 Monument Street | London, EC3R 8AF

T. +44 207 012 8901

E. [email protected] | cboe.com >

=?Windows-1252?Q?Cboe_Europe_=96_Brexit_Privacy_Notice_Updates?=

April 08, 2019 13:36:07

Dear Cboe Europe Participants

Cboe Europe Limited and its affiliates (collectively, “Cboe”) remain committed to the privacy of its customers. In the event that the UK leaves the EU, Cboe will continue to comply with the EU General Data Protection Regulation 2016/679 (“GDPR”), or other legislation in the UK, if introduced, in connection with its customer agreements.

Should the UK leave the EU, and subject to the lack of an adequacy decision from the European Commission under GDPR, Cboe will amend its customer agreements to reflect that transfers of Personal Data from the customer or its affiliates in the EU/EEA to Cboe or its respective affiliate located outside of the EU/EEA in a country in which the European Commission has not granted an adequacy decision, the standard contractual clauses for the transfer of personal data to third countries (2004/915/EC) ("SCCs"), or any model clauses that are approved by the European Commission to replace such clauses, shall apply for the purposes of that data transfer and will be incorporated by reference into the agreement. Pursuant to the SCCs, the customer or its affiliates established in the EU/EEA is the "data exporter" and Cboe or its respective non-EU affiliate is the "data importer". The SCCs shall continue to be incorporated into the respective agreement and applicable for the international transfer of Personal Data from the customer or its affiliates from the EU/EEA to the Cboe party located outside of the EU/EEA in a country in which the European Commission has not granted an adequacy decision only until such time as an adequacy decision is ultimately received.

Please review Cboe’s Privacy Notice and Policy located at www.cboe.com/privacy for more information about what Personal Data it collects, how it uses Personal Data, with whom it may share such data and how to contact Cboe, access a data subject’s Personal Data and exercise a data subject’s rights regarding Cboe’s use of Personal Data.

If there are any questions about the Privacy Notice and Policy or how Cboe handles the personal information of its customers please contact [email protected] or Cboe’s Data Protection Officer at [email protected].

Confidentiality Notice: This email, including attachments, may include non-public, proprietary, confidential or legally privileged information. If you are not an intended recipient or an authorized agent of an intended recipient, you are hereby notified that any dissemination, distribution or copying of the information contained in or transmitted with this email is unauthorized and strictly prohibited. If you have received this email in error, please notify the sender by replying to this message and permanently delete this email, its attachments, and any copies of it immediately. You should not retain, copy or use this email or any attachment for any purpose, or disclose all or any part of the contents to any other person.

Cboe Europe Confirms Launch of Netherlands Venue in the Event of a No-Deal Brexit

April 05, 2019 13:40:35

Dear Cboe Europe Equities Participants,

Cboe Europe will launch trading in EEA securities on its Netherlands venue (Cboe NL) on the first business day following a no-deal Brexit. In the event that this takes place on 12th April, then the 15th April will be the first day of trading. Trading in UK and Swiss securities will continue on Cboe's UK venue but trading in EEA instruments will cease. In the event that this happens it is Cboe's intention to re-introduce trading in EEA instruments on its UK venue during 2019.

Cboe will also launch its Approved Publication Arrangement (APA) and Systematic Internaliser (SI) quoting services from its Netherlands-based venue on the first business day following a no-deal Brexit. Cboe will also continue to offer Trade Reporting and SI quoting services via its UK APA.

In the event that the UK's exit is subject to a long delay or a deal is negotiated that allows unrestricted access to its UK platform from the EEA, Cboe Europe will not launch trading on its Netherlands venue until it is able to offer trading in all securities on both its UK and Netherlands venues, which is likely to be later in 2019.

Please contact 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: [email protected] | cboe.com >
* Cboe Europe Limited is a Recognised Investment Exchange regulated by the Financial Conduct Authority

Cboe Europe - Netherlands Venue Update

March 28, 2019 16:36:44

Dear Cboe Europe Equities Participants,

Further to our notice last week regarding the launch of our Netherlands-based venue, Cboe continues to discuss launch timing with our regulators and customers.

We will provide a further update by the end of next week.
Please contact 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: [email protected] | cboe.com >
* Cboe Europe Limited is a Recognised Investment Exchange regulated by the Financial Conduct Authority.

UPDATE: Cboe Europe Equities: ESMA transparency update and Tick Size changes, effective Mon 1st April, 2019

March 28, 2019 15:04:07

Dear Cboe Europe Equities Participants
Further to the Exchange Notice published yesterday, errors have been identified in the calculation used to determine the new tick sizes - as such Cboe Europe Equities (Cboe) has now corrected and re-generated all of the referenced static data.

Participants are advised to please disregard the static data provided yesterday and instead re-download the updated data from the following URLs:

* Certification (UAT) symbol reference files: http://certification.bats.com/europe/equities/support/reference_data/

* CXE Production symbol file reflecting the Monday 1st April 2019 symbol data: https://www.batstrading.co.uk/cxe/market_data/symbol_listing/csv/?selectedDate=2019-04-01

Also, please find attached an Excel sheet summarizing the tick size changes per symbol expected to take effect on Monday 1st April 2019.

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: [email protected] | cboe.com >

From: Trade Desk EU >
Sent: 27 March 2019 16:20
To: Trade Desk EU >
Subject: Cboe Europe Equities: ESMA transparency update and Tick Size changes, effective Mon 1st April, 2019

Dear Cboe Europe Equities Participants
Following the ESMA publication of the results from the annual transparency calculations for equity and equity-like instruments, please be advised that as these take effect Monday 1st April 2019, tick sizes will effectively change for approximately 1000 Cboe Europe Equities (Cboe) instruments on this date.

Please find attached an Excel sheet summarizing the tick size changes per symbol expected to take effect on Monday 1st April 2019.

Also, a sample Cboe CXE Production symbol file reflecting the Monday 1st April 2019 symbol data is already accessible at the following URL: https://www.batstrading.co.uk/cxe/market_data/symbol_listing/csv/?selectedDate=2019-04-01, however, participants are strongly advised to download the most up to date data from 07:00am UK time on Monday, 1st April 2019 in order to ensure that any updates provided by ESMA over the weekend are not missed.

Certification (UAT) Testing:
These changes will be made available in the certification symbol reference files for the Cboe BXE, CXE and LIS UAT environments effective Thursday, 28th March 2019. The same changes will be reflected in the Production environments from 07:00am UK time on Monday, 1st April 2019.

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: [email protected] | cboe.com >

Cboe Europe Equities: ESMA transparency update and Tick Size changes, effective Mon 1st April, 2019

March 27, 2019 16:20:24

Dear Cboe Europe Equities Participants
Following the ESMA publication of the results from the annual transparency calculations for equity and equity-like instruments, please be advised that as these take effect Monday 1st April 2019, tick sizes will effectively change for approximately 1000 Cboe Europe Equities (Cboe) instruments on this date.

Please find attached an Excel sheet summarizing the tick size changes per symbol expected to take effect on Monday 1st April 2019.

Also, a sample Cboe CXE Production symbol file reflecting the Monday 1st April 2019 symbol data is already accessible at the following URL: https://www.batstrading.co.uk/cxe/market_data/symbol_listing/csv/?selectedDate=2019-04-01, however, participants are strongly advised to download the most up to date data from 07:00am UK time on Monday, 1st April 2019 in order to ensure that any updates provided by ESMA over the weekend are not missed.

Certification (UAT) Testing:
These changes will be made available in the certification symbol reference files for the Cboe BXE, CXE and LIS UAT environments effective Thursday, 28th March 2019. The same changes will be reflected in the Production environments from 07:00am UK time on Monday, 1st April 2019.

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: [email protected] | cboe.com >

UPDATE: Cboe Europe Equities: Brexit Certification (UAT) Testing - Weekly Availability Schedule

March 22, 2019 16:50:47

Dear Cboe Europe Equities Participants

Further to the previous notice below, please note that the Certification (UAT) change related to validation of cross border trading for transaction reporting has now been postponed until further notice.

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: [email protected] | cboe.com >

From: Trade Desk EU >
Sent: 14 March 2019 15:32
To: Trade Desk EU >
Subject: UPDATE: Cboe Europe Equities: Brexit Certification (UAT) Testing - Weekly Availability Schedule

Dear Cboe Europe Equities Participants

Further to the previous notice regarding Certification (UAT) environment testing schedule, Cboe Europe (Cboe) will be amending the schedule for configuration of the BXE, CXE and APA Certification (UAT) environments going forward. Specifically, starting from Monday 18th March 2019, the UAT environments will be configured as separate UK and EU venues (Brexit-mode) and will remain so going forward. This means that UAT will no longer be reverted to a single combined venue (pre-Brexit mode).

Additionally, effective Monday 25th March 2019 Cboe will enforce Transaction Reporting validation on order and ETR flow on Participants who conduct cross border trading. Participants who have not elected for a transaction reporting solution may find they receive rejections. Full details of trading activity in scope and Transaction Reporting solutions can be found here. Please contact your Account Manager if you have any questions

Participants are encouraged to review the Brexit readiness checklist here to ensure they are fully prepared for Brexit go-live.

Functionally this will result in the following behaviour (changes highlighted in yellow):

Functionality

Every Day
(UAT BXE, CXE and APA - Separate UK and EU venues)

Order and ETR entry

FIX and BOE session jurisdiction will be enforced.
Orders and ETRs will be rejected if the jurisdiction of the symbol differs from that of the FIX or BOE session.

UK and EU Venue MICs in LastMkt and ExecVenue fields

UK venue MICs will be supplied in the LastMkt field in Execution messages and ExecVenue field on Multicast and TCP PITCH on London and Swiss symbols, whereas EU venue MICs will be supplied for all other symbols. See Section 4 of the Guidance note for more details.

Trading Venue flagging for trade reports (APA)

The regulatory jurisdiction (UK or EU) of the bank code used for trade reporting into the Cboe APA will be used to denote whether the trade report is targeting the UK or EU APA. The resulting Cboe APA will then be reflected on market data via the Cboe Trade Flags field. See Section 5 of the Guidance Note for more details.

Trading Venue flagging for trade reports (BXE/CXE)

The value published in the Cboe Trade Flags field will be dependent on the jurisdiction of the symbol. See Section 5 of the Guidance Note for more details.

ODROP session filtering

ODROP session jurisdiction will be enforced. An ODROP will receive flow only for symbols in line with its jurisdiction (UK vs EU venue).

FIXDROP session filtering

FIXDROP session jurisdiction will be enforced. A FIXDROP will receive flow only for symbols in line with its jurisdiction (UK vs EU venue).

Transaction Reporting

Effective Monday 25th March 2019 Order handler validation of cross border trading for transaction reporting as per the website

Participants who encounter erroneous behavior or rejections at trade submission are encouraged to ensure their configuration is in line with our Brexit mode setup. For example, when submitting an order with correct symbol information as per the Reference Data files and the order is rejected with 'No symbology for Symbol' or similar, it is likely the connected session does not support the jurisdiction of the symbol. Symbols on the Cboe EU venue are not supported on Cboe UK Venue FIX, BOE, FIXDROPs and ODROPs session. The jurisdiction of a session can be identified through the Cboe Participant Portal's Logical Ports page and the jurisdiction of a symbol can be identified through the Certification Reference Data files.

Participants without EU venue FIX, BOE or drop copy sessions should urgently provide a completed Logical Port Order Form to the Trade Desk.

Please refer to the Guidance Note for specific detail on each Brexit-related change. All Participants are required to review the Guidance Note and ensure adherence to the timelines in Section 11 (page 17) for each of the upcoming mandatory changes.

In addition, Cboe's Brexit microsite resource should be checked regularly by Participants for upcoming updates regarding Brexit. All current and historical Cboe notices, including symbol universe updates, are available online.

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: [email protected] | cboe.com >

Cboe Europe Announces Delay of Netherlands Venue Launch

March 22, 2019 16:09:26

Dear Cboe Europe Equities Participants,

In light of the decision last night by European Union (EU) leaders to grant the UK an extension to Article 50, Cboe Europe Equities is planning to delay the launch of its Netherlands-based venue, previously scheduled to launch on 1st April 2019.

Cboe is closely monitoring the political discussions and will provide customers with an update on the launch date next week.

The delay will allow customers the opportunity to further enhance their transition capabilities, as well as enable Cboe to on-board additional participants, conduct further operational testing, and ensure full customer readiness for launch.

While we are delaying the launch of the Netherlands venue, customers with EU27 entities can connect to and trade on our UK exchange until the new venue launches.

Additionally, as previously announced, the Liquidity Provision Incentive Scheme (LPS) will become effective on the CXE Lit Order Book on 1st April 2019 and will operate in conjunction with the updated Trading Price List available here.

Please contact 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. [email protected] | cboe.com >

UPDATE: Cboe Europe Equities: Brexit Certification (UAT) Testing - Weekly Availability Schedule

March 14, 2019 15:31:54

Dear Cboe Europe Equities Participants

Further to the previous notice regarding Certification (UAT) environment testing schedule, Cboe Europe (Cboe) will be amending the schedule for configuration of the BXE, CXE and APA Certification (UAT) environments going forward. Specifically, starting from Monday 18th March 2019, the UAT environments will be configured as separate UK and EU venues (Brexit-mode) and will remain so going forward. This means that UAT will no longer be reverted to a single combined venue (pre-Brexit mode).

Additionally, effective Monday 25th March 2019 Cboe will enforce Transaction Reporting validation on order and ETR flow on Participants who conduct cross border trading. Participants who have not elected for a transaction reporting solution may find they receive rejections. Full details of trading activity in scope and Transaction Reporting solutions can be found here. Please contact your Account Manager if you have any questions

Participants are encouraged to review the Brexit readiness checklist here to ensure they are fully prepared for Brexit go-live.

Functionally this will result in the following behaviour (changes highlighted in yellow):

Functionality

Every Day
(UAT BXE, CXE and APA - Separate UK and EU venues)

Order and ETR entry

FIX and BOE session jurisdiction will be enforced.
Orders and ETRs will be rejected if the jurisdiction of the symbol differs from that of the FIX or BOE session.

UK and EU Venue MICs in LastMkt and ExecVenue fields

UK venue MICs will be supplied in the LastMkt field in Execution messages and ExecVenue field on Multicast and TCP PITCH on London and Swiss symbols, whereas EU venue MICs will be supplied for all other symbols. See Section 4 of the Guidance note for more details.

Trading Venue flagging for trade reports (APA)

The regulatory jurisdiction (UK or EU) of the bank code used for trade reporting into the Cboe APA will be used to denote whether the trade report is targeting the UK or EU APA. The resulting Cboe APA will then be reflected on market data via the Cboe Trade Flags field. See Section 5 of the Guidance Note for more details.

Trading Venue flagging for trade reports (BXE/CXE)

The value published in the Cboe Trade Flags field will be dependent on the jurisdiction of the symbol. See Section 5 of the Guidance Note for more details.

ODROP session filtering

ODROP session jurisdiction will be enforced. An ODROP will receive flow only for symbols in line with its jurisdiction (UK vs EU venue).

FIXDROP session filtering

FIXDROP session jurisdiction will be enforced. A FIXDROP will receive flow only for symbols in line with its jurisdiction (UK vs EU venue).

Transaction Reporting

Effective Monday 25th March 2019 Order handler validation of cross border trading for transaction reporting as per the website

Participants who encounter erroneous behavior or rejections at trade submission are encouraged to ensure their configuration is in line with our Brexit mode setup. For example, when submitting an order with correct symbol information as per the Reference Data files and the order is rejected with 'No symbology for Symbol' or similar, it is likely the connected session does not support the jurisdiction of the symbol. Symbols on the Cboe EU venue are not supported on Cboe UK Venue FIX, BOE, FIXDROPs and ODROPs session. The jurisdiction of a session can be identified through the Cboe Participant Portal's Logical Ports page and the jurisdiction of a symbol can be identified through the Certification Reference Data files.

Participants without EU venue FIX, BOE or drop copy sessions should urgently provide a completed Logical Port Order Form to the Trade Desk.

Please refer to the Guidance Note for specific detail on each Brexit-related change. All Participants are required to review the Guidance Note and ensure adherence to the timelines in Section 11 (page 17) for each of the upcoming mandatory changes.

In addition, Cboe's Brexit microsite resource should be checked regularly by Participants for upcoming updates regarding Brexit. All current and historical Cboe notices, including symbol universe updates, are available online.

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: [email protected] | cboe.com >

REMINDER: Cboe Europe Equities: Change to Trade Data File, effective Friday 15th March 2019

March 11, 2019 10:01:00

Dear Cboe Europe Equities Participants

Cboe Europe Equities (Cboe) will be appending one additional column to the end of the Trade Data CSV file, effective Friday 15th March 2019.

Trade Data CSV file
A column with the heading named "Jurisdiction" will be appended to the end of the Trade Data CSV file. The values supported in this column will be "UK" and "EU".

In BXE and CXE this column and its populated value represent which Cboe Market Operator the transaction was executed on, and in the TRF environment the values represent the Cboe APA that the trade was reported to.

To aid in backward compatibility, existing columns will not be removed or re-ordered.

This change will be effective for the BXE, CXE and TRF trade data files upon the PRODUCTION effective date indicated above.

Testing
The addition of the column has been reflected in the updated Trade Data File Specification in the BXE, CXE and TRF CERTIFICATION environments effective immediately.

All current and historical Cboe notices, including symbol universe updates, are available online.

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. [email protected] | cboe.com >

UPDATE: Cboe Europe Equities: Trading Venue Segregation for Multicast PITCH market data - latency tuning and optimisation complete

March 05, 2019 14:52:57

Dear Cboe Europe Equities Participants,

Further to the previous note regarding the new UK and EU Multicast PITCH Feed infrastructure being available from Friday 15th February 2019, Participants should note the new feeds have successfully undergone latency tuning and optimisation.
Participants are encouraged to continue with their preparation to migrate to the new feeds and are recommended to fully test with the new feeds ahead of cutting over to use them as their primary source of market data.

Please contact the Trade Desk if you have any questions.

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

Cboe Europe: Brexit - Multi-day ETR behaviour over EU venue launch window, effective Monday 1st April 2019

March 04, 2019 09:51:06

Dear Cboe Europe Equities Participants

The following guidance applies only to users of non-cleared Exchange Trade Reports (ETRs) and the T+1 release of cleared ETRs. Please note that there are some subtleties that Participants and vendors should be aware of to ensure they can correctly process multi-day ETRs that straddle the launch of the new EU venue, currently targeted to be effective Monday 1st April. Again this guidance does not apply to cancellation or amendment of cleared ETRs, as these cannot be amended or cancelled over more than one day, but does apply to the release of cleared ETRs, as they can be released T+1. This information is also available from Brexit: Multi-day ETR handling.

Release, cancellation and amendment of ETRs in BXE/CXE

Prior to Brexit the jurisdiction (UK or EU) and therefore the venue for which an order handler can be used will not be enforced, but will be post-Brexit. Participants who submit multi-day ETRs that straddle the launch of the EU venue should be mindful of this enforcement to avoid release, cancellation and amendment requests being rejected. For example, an ETR in an EU symbol submitted to BXE or CXE prior to Brexit via a UK jurisdiction order handler will be accepted, but cannot then be cancelled, amended or released post-Brexit using the same UK jurisdiction order handler due to the jurisdiction enforcement that will be in place from the point Brexit occurs. Neither will it be possible to cancel, amend or release this ETR using an EU jurisdiction order handler because the original UK jurisdiction order handler will have used a different bank code.

In this scenario, if the Participant does not have an order handler with the appropriate jurisdiction to cancel or amend the ETR, the Participant must contact Trade Desk who will be able to perform this action on their behalf. Any ETRs processed by Trade Desk in this manner will result in electronic acknowledgement being issued via the order handler used (if enabled) to originally submit the ETR, regardless of the order handler jurisdiction.

Cboe Trade Flagging and MIC Identification of ETRs in BXE/CXE

As documented in section 4 and 5 of the Brexit Guidance note, new values will be supplied for the EU venue in the following fields:

* LastMkt (FIX tag 30) field in the Execution Report, Trade Cancel/Correct, Trade Capture Report messages on FIX, BOE, ODROP & FIXDROP interfaces in BXE, CXE and Cboe LIS environments.
* ExecVenue field on Multicast and TCP PITCH.
* CboeTradeFlags field on Multicast and TCP PITCH.

All ETRs submitted pre-Brexit prior to the EU venue launch that are deferred for publication post-Brexit (once the new EU venue has launched) will still receive the existing UK venue values when published, which are described in section 4 and 5 of the Brexit Guidance note. Similarly, any amendments or cancellations to such ETRs will receive the UK venue values. Participants and vendors should therefore be able to accommodate UK venue values over this transition window.

All ETRs submitted post-Brexit to the EU venue, even if the arrangement time occurred pre-Brexit will however receive the new EU venue values for the fields described above.
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: [email protected] | cboe.com >

Cboe Europe Equities: Change to Trade Data File, effective Friday 15th March 2019

March 01, 2019 16:31:13

Dear Cboe Europe Equities Participants

Cboe Europe Equities (Cboe) will be appending one additional column to the end of the Trade Data CSV file, effective Friday 15th March 2019.

Trade Data CSV file
A column with the heading named "Jurisdiction" will be appended to the end of the Trade Data CSV file. The values supported in this column will be "UK" and "EU".

In BXE and CXE this column and its populated value represent which Cboe Market Operator the transaction was executed on, and in the TRF environment the values represent the Cboe APA that the trade was reported to.

To aid in backward compatibility, existing columns will not be removed or reordered.

This change will be effective for the BXE, CXE and TRF trade data files, upon the PRODUCTION effective date indicated above.

Testing
The addition of the column has have been reflected in the updated Trade Data File Specification, and will be made available in the BXE, CXE and TRF CERTIFICATION environments for testing from Monday 4th March 2019.

All current and historical Cboe notices, including symbol universe updates, are available online.

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. [email protected] | cboe.com >

Cboe Europe: New EU Venue Cboe RIC and Bloomberg codes & Reference Data changes, effective Mon 1st April 2019

March 01, 2019 13:15:39

Dear Cboe Europe Participants

Effective Monday 1st April 2019 (subject to EU venue launching) please be advised that new Cboe Europe Refinitiv (Reuters) RIC and Bloomberg Exchange codes are being introduced for the new EU venue represented as reuters_ric_bats and bloomberg_bats in the reference data file. As a consequence of this, Participants who are submitting Orders and/or TCRs to Cboe using Cboe Europe Refinitiv (Reuters) RIC values must use the correct venue suffix, otherwise the Order or TCR Will be rejected. Additionally, the Cboe Europe Refinitiv (Reuters) RIC will be blanked from the enhanced TRF and SIS reference data file. Details of both changes can be found below:

Order & TCR Entry Considerations:
If using the Cboe Europe Refinitiv (Reuters) RIC as the symbology for Order and TCR entry, the suffix used must be for the venue it is being entered into i.e. .CHI for UK, .CHE for EU, or .BS for UK, .BSU for EU etc. Using the incorrect suffix will result in your Order or TCR being rejected. Please note that Bloomberg Exchange Codes are not supported for Order or TCR entry.

This is effective in production from Monday 1st April 2019 (subject to EU venue launching). The new EU venue suffixes will be supported in UAT for Brexit test days and during production dress rehearsals.

Reference Data File changes:

Name

Bloomberg Exchange Code
(bloomberg_bats)

Refinitiv (Reuters) Exchange Code
(reuters_ric_bats)

UK

EU

UK

EU

CXE

IX

I2

.CHI

.CHE

BXE

EB

E2

.BS

.BSU

TRF

Will remain blank in file

Will remain blank in file

To be blanked from file

To be blanked from file

LIS

IX

I2

.CHI

.CHE

SIS

Will remain blank in file

Will remain blank in file

To be blanked from file

To be blanked from file

BXE, CXE & LIS

* reuters_ric_bats column - Currently only populated in the enhanced version of the file. The RIC values in this column will be as per the changes above.

* bloomberg_bats column - The Bloomberg ticker values in this column will be as per the changes above.
TRF & SIS
The .BCO suffix is not, nor has ever been supported for trade report or quote entry and therefore will be removed (blank) from the enhanced TRF and SIS reference data files. Participants who require this reference data should contact the appropriate vendor. The Cboe BXE and CXE exchange suffix (i.e. .CHI, .CHE, .BS, .BSU) is still supported for TCR and quote entry and can be found in the BXE and CXE symbol reference data files. Note that the APA Jurisdiction is determined by the submitting bank code and not symbol suffix.

* reuters_ric_bats column - Currently only populated in the enhanced version of the file. The values in this column will be removed (blank). The column will remain in the file.

Testing
The blanking of the reuters_ric_bats column values in the TRF and SIS symbol file will be effective in CERTIFICATION (UAT) environments from Monday 4th March 2019 and will remain in place going forward.

The new suffixes will be available for Order and TCR entry, in addition to being present in the symbol in CERTIFICATION (UAT) environments when configured as separate UK and EU venues (Brexit-mode) as per this schedule effective from Monday 4th March 2019.

Production
These changes will be available in PRODUCTION as part of our remaining Brexit Saturday Dress Rehearsal dates occurring on Saturday 2nd March and Saturday 16th March 2019, with attendance of at least one of these dates being mandatory, as per the Dress Rehearsal Testing Guide.

All of the above changes will take effect in the PRODUCTION environments at the start of day on Monday 1st April 2019 (subject to EU venue launching).

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. [email protected] | cboe.com >

Cboe Europe Equities: Pricing effective Mon 1st April 2019

February 28, 2019 13:48:35

Dear Cboe Europe Equities Participants,

Cboe Europe Equities (Cboe) would like to announce:

· The introduction of a new Liquidity Provider Incentive Scheme (LPS) and

· Brexit related pricing on Cboe UK Equities (Cboe UK) and Cboe EU Equities (Cboe EU)

Cboe Liquidity Provision Incentive Scheme (LPS)

Cboe will introduce a new Liquidity Provider Incentive Scheme (LPS) relating to added executions on the CXE Lit Order Book, effective Monday 1st April 2019. The LPS will apply to the securities trading on the Exchange/s operated by Cboe on the 1st April 2019.

Eligibility
All participants will be automatically enrolled into the LPS monitoring.

Obligation
LPS applies only to those securities that participants are active in. Participants must achieve a minimum average 0.5% passive market share of the total passive value traded on the CXE lit order book in those securities over a month in order to be eligible.

Incentives
Participants that achieve the minimum LPS obligations will qualify for a rebate based upon the total notional value of added executions in their active securities. The total notional value of those added executions will be included in the CXE Lit add rebate tiered pricing.

Participants that fail to meet the minimum LPS obligations will not be eligible to receive a rebate on the total notional value of added executions in their active securities.

Implementation
In the event of Cboe not launching its new EU-regulated venue on the 1st April 2019 the scope of pricing change is limited to the above LPS and will operate in conjunction with the updated Trading Price List available here

In the event of Cboe launching its new EU-regulated venue the scope of pricing changes will be as detailed below.

Brexit related pricing changes

Subject to regulatory approval and in the event of Cboe launching its new EU-regulated venue on the 1st April 2019 the following changes will be implemented by venue:

Venue: Cboe UK

Trading Pricing

· CXE Lit Order Book tiering thresholds adjusted to reflect the trading of UK and Swiss listed symbols only in £

· LPS will operate as detailed above but in conjunction with the revised Cboe UK CXE Lit Order Book tiered pricing

· Cboe UK Trading Price List

Connectivity Pricing

· Physical Connectivity

o No changes to Physical Connectivity. Physical Connectivity will be split out onto its own Price List following the launch of Cboe EU and can be found here

· Logical Connectivity

o Introduction of a discount model on GRP/SPIN port sets.

o Cboe UK Logical Connectivity Price List

o Please note, to assist firms in their rationalisation of free transition ports, the first billing count for all port types will be taken at the end of the first month following the launch of Cboe EU

BXTR Pricing

· Exchange Trade Reports (ETRs)

o Multiparty ETR pricing matrix adjusted to reflect the trading on UK and Swiss listed symbols only

· SI Quoting

o Introduction of an in jurisdiction fee for Participants only quoting in UK and Swiss listed symbols only

· Cboe UK BXTR Price List

Market Data Pricing

· No changes

Venue: Cboe EU

Trading Pricing

· CXE Lit Order Book tiering thresholds adjusted to reflect the trading of EEA listed symbols only

· LPS will operate as detailed above but in conjunction with the revised Cboe EU CXE Lit Order Book tiered pricing

· Cboe EU Trading Price List

Connectivity Pricing

· Physical Connectivity

o All Physical Connectivity will continue to be billed out of Cboe UK

· Logical Connectivity

o Introduction of a discount model on GRP/SPIN port sets

o Cboe EU Logical Connectivity Price List

o Please note, to assist firms in their rationalisation of free transition ports, the first billing count for all port types will be taken at the end of the first month following the launch of Cboe EU

BXTR Pricing

· Exchange Trade Reports (ETRs)

o Multiparty ETR pricing matrix adjusted to reflect the trading on EEA listed symbols only

· SI Quoting

o Introduction of an in jurisdiction fee for Participants only quoting in EEA listed symbols only

· Cboe EU BXTR Price List

Market Data Pricing

· All Market Data will continued to be billed out of Cboe UK

Documents

· All Price Lists can be found here

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. [email protected] | cboe.com >

Subject: UPDATE: Cboe Europe Equities: Brexit Certification (UAT) Testing - Weekly Availability Schedule

February 26, 2019 17:04:34

Dear Cboe Europe Equities Participants

Further to the previous notice regarding Certification (UAT) environment testing schedule, Cboe Europe (Cboe) will be amending the schedule for configuration of the BXE, CXE and APA Certification (UAT) environments going forward. Specifically, starting from next Monday 4th March 2019, every Monday, Wednesday, Thursday and Friday the UAT environments will be configured as separate UK and EU venues (Brexit-mode). This means that only once a week, on Tuesdays, this configuration will be reverted to a single combined venue (pre-Brexit mode).

Functionally this will result in the following behaviour (added days highlighted in yellow):

Functionality

Monday, Wednesday, Thursday & Friday
(UAT BXE, CXE and APA - Separate UK and EU venues)

Tuesday
(UAT BXE, CXE and APA - Single UK venue)

Order and ETR entry

FIX and BOE session jurisdiction will be enforced.
Orders and ETRs will be rejected if the jurisdiction of the symbol differs from that of the FIX or BOE session.

FIX and BOE session jurisdiction will not be enforced.
Orders and ETRs for either jurisdiction can be entered via a UK or EU FIX or BOE session.

UK and EU Venue MICs in LastMkt and ExecVenue fields

UK venue MICs will be supplied in the LastMkt field in Execution messages and ExecVenue field on Multicast and TCP PITCH on London and Swiss symbols, whereas EU venue MICs will be supplied for all other symbols. See Section 4 of the Guidance note for more details.

Only UK venue MICs will be supplied in the LastMkt and ExecVenue field for all symbols.

Trading Venue flagging for trade reports (APA)

The regulatory jurisdiction (UK or EU) of the bank code used for trade reporting into the Cboe APA will be used to denote whether the trade report is targeting the UK or EU APA. The resulting Cboe APA will then be reflected on market data via the Cboe Trade Flags field. See Section 5 of the Guidance Note for more details.

Regardless of the jurisdiction configuration of the bank code used for trade reporting into the Cboe APA, the Cboe Trade Flags field will contain UK values.

Trading Venue flagging for trade reports (BXE/CXE)

The value published in the Cboe Trade Flags field will be dependent on the jurisdiction of the symbol. See Section 5 of the Guidance Note for more details.

All trade reports will be published with UK values in the Cboe Trade Flags field.

ODROP session filtering

ODROP session jurisdiction will be enforced. An ODROP will receive flow only for symbols in line with its jurisdiction (UK vs EU venue).

ODROP session jurisdiction will not be enforced. Flow for either jurisdiction will be received down an ODROP.

FIXDROP session filtering

FIXDROP session jurisdiction will be enforced. A FIXDROP will receive flow only for symbols in line with its jurisdiction (UK vs EU venue).

FIXDROP session jurisdiction will not be enforced. Flow for either jurisdiction will be received down a FIXDROP.

Participants who encounter erroneous behavior or rejections at trade submission are encouraged to ensure their configuration is in line with our Brexit mode setup. For example, when submitting an order with correct symbol information as per the Reference Data files and the order is rejected with 'No symbology for Symbol' or similar, it is likely the connected session does not support the jurisdiction of the symbol. Symbols on the Cboe EU venue are not supported on Cboe UK Venue FIX, BOE, FIXDROPs and ODROPs session. The jurisdiction of a session can be identified through the Cboe Participant Portal's Logical Ports page and the jurisdiction of a symbol can be identified through the Certification Reference Data files.

Participants without EU venue FIX, BOE or drop copy sessions should urgently provide a completed Logical Port Order Form to the Trade Desk.

Please refer to the Guidance Note for specific detail on each Brexit-related change. All Participants are required to review the Guidance Note and ensure adherence to the timelines in Section 11 (page 17) for each of the upcoming mandatory changes.

In addition, Cboe's Brexit microsite resource should be checked regularly by Participants for upcoming updates regarding Brexit. All current and historical Cboe notices, including symbol universe updates, are available online.

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: [email protected] | cboe.com >

REMINDER - Cboe Europe: Participant Readiness for Brexit - ACTION REQUIRED

February 22, 2019 13:42:48

Dear Cboe Europe Participants

In preparation for Brexit, Cboe Europe Equities (Cboe) would like to draw Participant attention to the following requirements:

* FIX and BOE Port Jurisdictional Separation

As part of our Brexit preparations, in this current interim period all BXE and CXE ports are allowed to trade all markets regardless of their jurisdiction as no venue separation has taken place. However, when the Cboe EU venue is launched (currently targeted to be effective Monday April 1st 2019), submission of Orders and Exchange Trade Reports (ETRs) over ports that do not match the jurisdiction of the traded market will be rejected. To ease the transition to separate Cboe UK and Cboe EU venues it is strongly recommended that Participants begin to route their flow down ports that match the jurisdiction of the traded market as soon as possible. It is also strongly advised that Participants submit flow on the correct ports when participating in the Saturday Brexit Dress Rehearsals to ensure that their Production Brexit configuration is adequately tested. The full list of Participant ports is accessible via the Logical Ports Dashboard. In the event you require more ports than you currently have available please urgently submit a new port request via the Logical Port Order form.

* MiFID II RTS 24 Order Record Keeping (ORK) registration

Please note that MiFID II Order Record Keeping (RTS 24) short code/long code mappings for new Brexit entities must be registered, as required by Cboe Rule Book paragraph 11.9. In readiness for Brexit, Participants must ensure that the relevant short code mappings for any new entities are uploaded to the secure MiFID II Identifier Management portal as soon as possible. Cboe is urging Participants to register MiFID II identifiers in advance of order submission under any new entity, failure to do so will result in disciplinary action.

* Trusting relationship approvals

In order for Participants to avoid setup issues impacting their multi-party and 3PB ETR flow under new entities related to Brexit, Participants are advised to approve their trusting relationships as soon as possible via the Cboe Trusting Relation Management Tool. Once these relationships have been approved Participants must set appropriate risk controls via the Risk Management Tool for each new relationship. Participants are advised to complete these steps in advance of the next Brexit Dress Rehearsal (Saturday March 2nd 2019) to ensure that their Production Brexit configuration is adequately tested.

Documentation

* RTS 24: Record Keeping Guidance

* MiFID II Identifier Management Application

* Brexit Microsite

* Brexit Guidance Note

* Brexit Dress Rehearsal Testing Guide

* BXE/CXE FIX specification

* BXE/CXE BOE specification

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. [email protected] | cboe.com >

REMINDER - Cboe Europe: Participant Readiness for Brexit

February 18, 2019 09:51:07

Dear Cboe Europe Participants

Cboe Europe Equities (Cboe) would like to announce the following dates to ensure Participant readiness for Brexit:

* Thursday 28th February 2019 - UK and EU venue membership paperwork due

* Friday 15th March 2019 - RTRG onboarding and certification due

* Saturday 16th March 2019 - Final Saturday Dress Rehearsal Test opportunity

* Monday 25th February to Friday 5th April 2019 - Onboarding & Testing Change Freeze - Cease on all non Brexit related onboarding and UAT testing activities

Further to the previous Exchange Notice and Guidance Note, Cboe Europe's team is in the process of executing its Brexit strategy that includes establishing itself as a EU27 Market Operator in Amsterdam in order to mitigate possible constraints to cross-border trading following the UK's departure from the EU in 2019. Cboe is taking this step to ensure that in the absence of an agreed 'exit deal' between the UK and the EU27, it can continue to serve its customers. However, we will continue to monitor the negotiations and will react as quickly as possible to any developments that would cause us to alter our strategy.

Participants will be unable to trade on the new venue until regulatory authorisation has been obtained and we have a confirmed launch date. Subject to successful completion of the application process, Cboe will configure new Participants to be able to trade in UK/CH and EEA 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.

Cboe therefore recommends that Participants ensure all connectivity is tested and membership paperwork has been completed by no later than Thursday, 28th February 2019 to guarantee readiness for Brexit, effective Monday 1st April 2019. Whilst Cboe will make every effort to ensure Participants are ready for Brexit on the effective date, membership paperwork received after Thursday, 28th February 2019 will be processed on a best efforts basis. Cboe previously announced Production Saturday Dress Rehearsal Tests which will allow Participants and vendors to simulate post Brexit system behaviour in Production in advance of Monday 1st April 2019. In order to prioritise the Brexit testing and configuration for Participants, Cboe are implementing a freeze on changes not related to Brexit including non-essential onboarding and UAT environments, effective Monday 25th February until Friday 5th April 2019.

Regulatory Transaction Reporting

Further to the previous Exchange Notice Cboe would like to remind Participants about the transaction reporting requirement when conducting cross border trading. Cross border trading is defined as trading activity conducted on a venue that is outside of the jurisdiction that the entity is registered. The only trading activity that is exempt from transaction reporting, is end of day on-exchange trade reports (ETRs) that are used for settlement purposes.

Impacted Participants

Existing non UK or EU regulated firms will need to continue to transaction report on the relevant Cboe venue, as appropriate.

Post Brexit, the following Participants will additionally be in scope:

* UK regulated firms who plan on conducting trading activity on the Cboe EU venue post Brexit

* EU regulated firms who plan on conducting trading activity on the Cboe UK venue post Brexit

To guarantee readiness for Brexit and to ensure Cboe meets its Transaction Reporting obligations, please ensure you have successfully certified and onboarded for the RTRG service by no later than Friday 15th March 2019. Further details on the RTRG service can be found in the RTRG Specification. For any general membership and RTRG queries, please contact your Account Manager. If your query is regarding the technical onboarding please contact the Trade Desk.

Please refer to the Guidance Note for specific details. All Participants are required to review the Guidance Note and ensure adherence to the timelines in Section 11 (page 17) for each of the upcoming mandatory changes.

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. [email protected] | cboe.com >

UPDATE: Cboe Europe Equities: Trading Venue Segregation for Multicast PITCH market data, effective Fri 15th February

February 12, 2019 17:06:41

Dear Cboe Europe Equities Participants,

Further to yesterday's reminder regarding the availability of the new UK and EU Multicast PITCH Feed infrastructure being available from Friday 15th February 2019, Participants should note the new feeds will be undergoing latency tuning and optimization over the next few weeks.

Until this is complete Participants may observe small latency differences between the existing and new feeds. A further Trade Desk notification will be issued once this optimization is complete.

Participants are encouraged to continue with their preparation to migrate to the new feeds and are recommended to fully test with the new feeds ahead of cutting over to use them as their primary source of market data.

Please contact the Trade Desk if you have any questions.

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

From: Trade Desk EU >
Sent: 11 February 2019 09:58
To: Trade Desk EU >
Subject: REMINDER: Cboe Europe Equities: Trading Venue Segregation for Multicast PITCH market data, effective Fri 15th February

Dear Cboe Europe Equities Participants,

Effective Friday 15th February 2019, Cboe Europe Equities (Cboe) will make the new UK and EU venue Multicast PITCH feed infrastructure available in the BXE and CXE environments for Participants to migrate to as per the Trade Desk notice (originally sent on Tuesday 18th December 2018). The new feed will run alongside the existing, legacy feeds. From Friday 15th February 2019 onwards, Participants are urged to begin migrating over to the new feeds. Effective Friday 27th September 2019 the legacy Multicast PITCH feeds will no longer be available. These changes will impact all current consumers of BXE and CXE Multicast PITCH, and Participants will be required to subscribe to a new set of multicast feeds as well as connect to new GRP and SPIN ports. Detailed implementation guidance including network bandwidth management, is provided in the Connectivity Manual - Appendix A.

New Port Allocation
Cboe will create a duplicate of existing GRP and Spin Ports from Monday 11th February 2019 as per the details outlined in Connectivity Manual - Appendix A. All Participants will be able to see details of their newly created GRP and SPIN ports via the 'Logical Ports' section of the Cboe Customer Web Portal. The new ports will be visible under the new MCP_SPIN and MCP_GAP section of the 'Logical Ports' screen. Under current pricing there will be no additional charge for the duplicate GRP & SPIN ports. Pricing will be reviewed after Brexit go-live. Participants are encouraged to cancel their legacy ports as they complete their migration. Further communication will be provided on logical port fees in due course.

EU and UK GRP Ports
Participants should be aware that for each legacy GRP port, two new GRP ports will be created, one for EU venue GRP requests, the other for UK venue GRP requests.

Testing
The functionality in the certification environments is not changing, however should additional GRP or SPIN ports be required they can be requested via the Trade Desk through the usual process.

Dates

* Monday 11th February 2019 - Cboe will finalise duplicates of existing GRP and Spin Port sets on new feed infrastructure. The new ports will be available in final form in the Participant portal. Any new ports visible in the portal prior to this date should be treated as draft and subject to change

* Friday 15th February 2019 - New feed infrastructure available in BXE and CXE environments for participants to migrate and feeds live

* Friday 27th September 2019 - Legacy Multicast PITCH feeds will be disabled

Documentation
Connectivity Manual
Multicast Pitch Specification

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 if you have any questions.

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

REMINDER: Cboe Europe Equities: Brexit Mandatory Technical Changes, effective Friday 15th Feb 2019

February 11, 2019 12:44:38

Dear Cboe Europe Participants,

Cboe Europe (Cboe) would like to highlight the following technical changes coming to the Cboe Europe Equities platforms, in preparation for the UK's impending withdrawal from the European Union (EU) in March 2019.

The Cboe Europe Equities Brexit Technical Guidance Note details the technical interface changes required for all Cboe Europe Equities interfaces, which are summarised below:

* Market Data Interfaces:

o Changes going live effective start of day this Friday 15th February 2019:

* Redistribution of Symbols between Matching Units: Symbols are distributed across Matching Units by a market and alphabetical symbol distribution. From 15th February 2019, in preparation for the creation of separate UK and EU venues, some markets will be migrated to a different Matching Unit in the BXE, CXE, SIS and APA environments. This will result in changes in the subscription details for receiving Multicast PITCH market data for these markets. In addition, on the effective date, the matching_unit column in the symbol reference data files will be updated to reflect the new unit to which symbols from these markets will be allocated.

* Trading Venue Segregation for Multicast PITCH: From 15th February 2019, for the BXE and CXE environments, new UK and EU venue Multicast PITCH feed infrastructure will be established to which Participants will need to migrate to, which will run alongside the existing legacy feeds. From this point onwards, Participants are urged to begin migrating over to the new feeds. On 27th September 2019 the legacy Multicast PITCH feeds will no longer be available. These changes will impact all current consumers of BXE and CXE Multicast PITCH, and Participants will be required to subscribe to a new set of multicast feeds as well as connect to new GRP and SPIN ports.

* Multicast PITCH Transaction Markers: From 15th February 2019, Market Data Transaction Markers will be added to Multicast PITCH in BXE and CXE. This functionality adds a Transaction Begin message to the protocol to indicate that any subsequent messages up to the accompanying Transaction End message, are all part of the same transaction block.

* Microseconds on TCP PITCH: All messages currently sent on TCP PITCH contain a Timestamp field representing the number of milliseconds since midnight. From 15th February 2019, these messages will be updated to begin sending the number of microseconds since midnight. In order to facilitate the structural change, all existing messages will be replaced with new message types. The existing messages will cease to be sent from go-live.

o Changes going live on Brexit date:

* EU Venue MIC Codes: From 1st April 2019, new MICs for the EU venue will be published in the Execution Venue field of the Trade Message - Extended Form message type on Multicast and TCP PITCH feeds in BXE and CXE environments.

* Trade Reporting to the UK and EU APAs: From 1st April 2019, the existing Cboe Trade Timing Indicator field will be renamed to the Cboe Trade Flags field and will also convey the Cboe Regulated Entity (UK or EU) to which a trade report was submitted. This change will apply to the Trade Message - Extended Form and Trade Message - Unknown Symbol message types on Multicast and TCP PITCH feeds in the BXE, CXE and APA (TRF) environments.

* Order Entry, Trade Entry & DROP Interfaces (all going live on Brexit date):

o EU Venue MIC Codes: From 1st April 2019, new segments MICs for the EU venue will be supplied in the LastMkt (FIX tag 30) field in the Execution Report, Trade Cancel/Correct, Trade Capture Report messages on FIX, BOE ODROP & FIXDROP interfaces in BXE, CXE and Cboe LIS environments.

o Trade Reporting to the UK and EU APA: From 1st April 2019, the regulatory jurisdiction (UK or EU) of the bank code used for trade reporting into the Cboe APA will be used to denote whether the trade report is targeting the UK or EU APA. Depending on the post Brexit plans of each firm using the APA, firms may need to request new EU and/or UK bank codes and then populate the relevant bank code in the PartyID (FIX tag 448) field of the Trade Capture Report message on FIX and BOE interfaces. The resulting Cboe APA will then be reflected on market data via the Cboe Trade Flags field. Cboe will be reaching out to firms using it's APA to understand each firm's plans, in order for the correct regulatory jurisdiction to be applied to each bank code referenced above.

o UK and EU ODROP and FIXDROP Sessions: As part of the Brexit Migration process, Participants will be allocated new ports to interface with the EU venue. All existing ports will remain allocated to the UK venue. It should be noted that effective immediately ODROP sessions will be configured to monitor ports and only replicate flow that will be part of the same jurisdiction (EU or UK venue) from 1st April 2019. FIXDROP ports will also only provide flow relating to their respective venue from 1st April 2019, but will provide trades on all symbols prior to that point. Participants should therefore cater for receiving trades for all symbols down both their existing and future EU venue FIXDROP port until 1st April 2019. From 1st April 2019 the FIXDROP ports will only provide trades for symbols on their respective venues.

* Transaction Reporting Obligations:

o As part of its Brexit programme, Cboe would like to remind Participants of their Transaction Reporting obligation when conducting cross border trading. Cross border trading in this context is defined as trading activity conducted on a Cboe venue that is outside of the jurisdiction that the Participant entity is registered. Further information regarding the transaction reporting obligation can be found here.

o To ensure continuity of access in the event of a hard Brexit, impacted Participants need to certify for a transaction reporting solution by Friday 15th March 2019.

Please also note that Cboe will hold three Brexit Saturday Dress Rehearsal dates occurring on Saturday 16th February, Saturday 2nd March and Saturday 16th March 2019, with attendance on at least one of these dates being mandatory, as per the Dress Rehearsal Testing Guide.

Please refer to the Guidance Note for specific detail on each change. All Participants are required to review the Guidance Note and ensure adherence to the timelines in Section 11 (page 17) for each of the upcoming mandatory changes.

In addition, Cboe's Brexit microsite resource should be checked regularly by Participants for upcoming updates regarding Brexit. All current and historical Cboe notices, including symbol universe updates, are available online.

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. [email protected] | cboe.com >

REMINDER: Cboe Europe Equities: Trading Venue Segregation for Multicast PITCH market data, effective Fri 15th February

February 11, 2019 09:58:13

Dear Cboe Europe Equities Participants,

Effective Friday 15th February 2019, Cboe Europe Equities (Cboe) will make the new UK and EU venue Multicast PITCH feed infrastructure available in the BXE and CXE environments for Participants to migrate to as per the Trade Desk notice (originally sent on Tuesday 18th December 2018). The new feed will run alongside the existing, legacy feeds. From Friday 15th February 2019 onwards, Participants are urged to begin migrating over to the new feeds. Effective Friday 27th September 2019 the legacy Multicast PITCH feeds will no longer be available. These changes will impact all current consumers of BXE and CXE Multicast PITCH, and Participants will be required to subscribe to a new set of multicast feeds as well as connect to new GRP and SPIN ports. Detailed implementation guidance including network bandwidth management, is provided in the Connectivity Manual - Appendix A.

New Port Allocation
Cboe will create a duplicate of existing GRP and Spin Ports from Monday 11th February 2019 as per the details outlined in Connectivity Manual - Appendix A. All Participants will be able to see details of their newly created GRP and SPIN ports via the 'Logical Ports' section of the Cboe Customer Web Portal. The new ports will be visible under the new MCP_SPIN and MCP_GAP section of the 'Logical Ports' screen. Under current pricing there will be no additional charge for the duplicate GRP & SPIN ports. Pricing will be reviewed after Brexit go-live. Participants are encouraged to cancel their legacy ports as they complete their migration. Further communication will be provided on logical port fees in due course.

EU and UK GRP Ports
Participants should be aware that for each legacy GRP port, two new GRP ports will be created, one for EU venue GRP requests, the other for UK venue GRP requests.

Testing
The functionality in the certification environments is not changing, however should additional GRP or SPIN ports be required they can be requested via the Trade Desk through the usual process.

Dates

* Monday 11th February 2019 - Cboe will finalise duplicates of existing GRP and Spin Port sets on new feed infrastructure. The new ports will be available in final form in the Participant portal. Any new ports visible in the portal prior to this date should be treated as draft and subject to change

* Friday 15th February 2019 - New feed infrastructure available in BXE and CXE environments for participants to migrate and feeds live

* Friday 27th September 2019 - Legacy Multicast PITCH feeds will be disabled

Documentation
Connectivity Manual
Multicast Pitch Specification

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 if you have any questions.

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

Cboe Europe Equities: Transaction Reporting Reminder

February 08, 2019 13:49:38

Dear Cboe Europe Equities Participants,

As part of its Brexit programme, Cboe Europe Equities (Cboe) would like to remind Participants about the transaction reporting requirement imposed on a trading venue when Participants conduct cross border trading. Cross border trading in this context is defined as trading activity conducted on a Cboe venue that is outside of the jurisdiction that the Participant entity is registered. Further information regarding the transaction reporting obligation can be found here. To ensure continuity of access in the event of a hard Brexit, impacted Participants need to certify for a transaction reporting solution by Friday 15th March 2019.

Impacted Participants

Existing non UK or EEA regulated firms will need to continue to transaction report on the relevant Cboe venue, as appropriate.

Post-Brexit, the following Participants will additionally be in scope:

* UK regulated firms who plan on conducting trading activity on the Cboe EU venue post-Brexit

* EEA regulated firms who plan on conducting trading activity on the Cboe UK venue post-Brexit

Trading activity in scope

The only trading activity that is exempt from transaction reporting is end of day on-exchange trade reports (ETRs) that are used for settlement purposes.

Cboe Europe Venue

Jurisdiction of the country that the firm is regulated in

Trading Activity

EU

External to EEA (i.e. UK, Swiss etc)

Order Book Executions
Cboe LIS Direct User
Cboe LIS Designated Broker
Single Party ETR not submitted for EOD settlement
Multi-Party ETR not submitted for EOD settlement
Third Party Broker ETR

UK

External to UK (i.e. EEA, Swiss etc.)

Order Book Executions
Cboe LIS Direct User
Cboe LIS Designated Broker
Single Party ETR not submitted for EOD settlement
Multi-Party ETR not submitted for EOD settlement
Third Party Broker ETR

Transaction Reporting Solutions

Cboe Regulatory Transaction Reporting Gateway
Participants can use the Cboe Regulatory Transaction Reporting Gateway (RTRG) service to submit transaction reports to Cboe Europe who will then forward them onto the required regulator. The specification for this service can be found here and Participants who need to begin using this service should contact Trade Desk to begin on-boarding .

Cboe Deal Capacity Offering
The introduction of participant short code information on orders through MIFID II means that (if used correctly) Cboe Europe have the information required to generate transaction reports for clients conducting trading activity in a Deal (Principal) capacity. Participants opting in to this offering will have transactions for their order book executions generated and sent to the required regulator by Cboe. Please note that at this time, ETRs are excluded from this service and therefore any non EOD ETR transactions will need to be submitted to Cboe Europe via the RTRG.

Participants can opt in to this offering at a bank code (clearing firm) level. Any bank codes that have opted in, which submit orders matching the below, along with any non EOD ETRs, will be rejected:

* AOTC (Agency) orders

* MITCH (Riskless) orders

* Orders submitted without both an execution and investment short code

* Orders submitted with non-registered short codes. For a registration to be considered valid, it must be uploaded by 5am UK time on the day it is to be used. Any registrations after this time will not take effect until the next trading day.

In addition, Participants must:

* use the Side flag on their orders to indicate if they are short selling; and,

* use the 1st priority format given in Annex II of Delegated Regulation (EU) 2017/590 when identifying natural persons in their investment decision maker or execution decision maker long codes (see Cboe Identifier Management Specification)

Participants will be able to elect to opt in to this functionality in Certification (UAT) from Monday 25th February 2019. Participants wishing to use this offering should contact their Account Manager who can provide the next steps.

Certification Deadlines

Impacted Participants who have not certified for a transaction reporting solution by Friday 15th March 2019 will risk having any existing UK or EU bank codes (depending on entity registration) suspended from trading post-Brexit.

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: [email protected] | cboe.com >
* Cboe Europe Limited is a Recognised Investment Exchange regulated by the Financial Conduct Authority.

Cboe Europe: Participant Readiness for Brexit

February 08, 2019 08:37:34

Dear Cboe Europe Participants

Cboe Europe Equities (Cboe) would like to announce the following dates to ensure Participant readiness for Brexit:

* Thursday 28th February 2019 - UK and EU venue membership paperwork due

* Friday 15th March 2019 - RTRG onboarding and certification due

* Saturday 16th March 2019 - Final Saturday Dress Rehearsal Test opportunity

* Monday 25th February to Friday 5th April 2019 - Onboarding & Testing Change Freeze - Cease on all non Brexit related onboarding and UAT testing activities

Further to the previous Exchange Notice and Guidance Note, Cboe Europe's team is in the process of executing its Brexit strategy that includes establishing itself as a EU27 Market Operator in Amsterdam in order to mitigate possible constraints to cross-border trading following the UK's departure from the EU in 2019. Cboe is taking this step to ensure that in the absence of an agreed 'exit deal' between the UK and the EU27, it can continue to serve its customers. However, we will continue to monitor the negotiations and will react as quickly as possible to any developments that would cause us to alter our strategy.

Participants will be unable to trade on the new venue until regulatory authorisation has been obtained and we have a confirmed launch date. Subject to successful completion of the application process, Cboe will configure new Participants to be able to trade in UK/CH and EEA 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.

Cboe therefore recommends that Participants ensure all connectivity is tested and membership paperwork has been completed by no later than Thursday, 28th February 2019 to guarantee readiness for Brexit, effective Monday 1st April 2019. Whilst Cboe will make every effort to ensure Participants are ready for Brexit on the effective date, membership paperwork received after Thursday, 28th February 2019 will be processed on a best efforts basis. Cboe previously announced Production Saturday Dress Rehearsal Tests which will allow Participants and vendors to simulate post Brexit system behaviour in Production in advance of Monday 1st April 2019. In order to prioritise the Brexit testing and configuration for Participants, Cboe are implementing a freeze on changes not related to Brexit including non-essential onboarding and UAT environments, effective Monday 25th February until Friday 5th April 2019.

Regulatory Transaction Reporting

Further to the previous Exchange Notice Cboe would like to remind Participants about the transaction reporting requirement when conducting cross border trading. Cross border trading is defined as trading activity conducted on a venue that is outside of the jurisdiction that the entity is registered. The only trading activity that is exempt from transaction reporting, is end of day on-exchange trade reports (ETRs) that are used for settlement purposes.

Impacted Participants

Existing non UK or EU regulated firms will need to continue to transaction report on the relevant Cboe venue, as appropriate.

Post Brexit, the following Participants will additionally be in scope:

* UK regulated firms who plan on conducting trading activity on the Cboe EU venue post Brexit

* EU regulated firms who plan on conducting trading activity on the Cboe UK venue post Brexit

To guarantee readiness for Brexit and to ensure Cboe meets its Transaction Reporting obligations, please ensure you have successfully certified and onboarded for the RTRG service by no later than Friday 15th March 2019. Further details on the RTRG service can be found in the RTRG Specification. For any general membership and RTRG queries, please contact your Account Manager. If your query is regarding the technical onboarding please contact the Trade Desk.

Please refer to the Guidance Note for specific details. All Participants are required to review the Guidance Note and ensure adherence to the timelines in Section 11 (page 17) for each of the upcoming mandatory changes.

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. [email protected] | cboe.com >

Cboe Europe Equities: Update to the Multicast PITCH Specification

February 06, 2019 13:51:58

Dear Cboe Europe Equities Participants

Cboe would like to highlight six IP address amendments to the new Gap Request Proxy (GRP) and Spin Server services as outlined in the Multicast PITCH Specification, the changes relate to the disaster recovery site only (LD3) detailed on pages 57 and 59 of the specification.

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: [email protected] | cboe.com >

Cboe Europe Equities: Brexit Certification (UAT) Testing - Weekly Availability Schedule

February 05, 2019 16:38:35

Dear Cboe Europe Equities Participants

In preparation for Brexit, Cboe Europe (Cboe) will be fully configuring the BXE, CXE and APA Certification (UAT) environments as UK and EU venues on Wednesday and Thursday of each week going forward. This configuration will be reverted to a single UK venue in the Certification environments on Monday, Tuesday and Friday. This schedule will be extended in the coming weeks with such change being communicated through a follow up Trade Desk notice. Functionally this will result in the following behaviour:

Functionality

Wednesday & Thursday
(UAT BXE, CXE and APA - Separate UK and EU venues)

Monday, Tuesday and Friday
(UAT BXE, CXE and APA - Single UK venue)

Order and ETR entry

FIX and BOE session jurisdiction will be enforced.
Orders and ETRs will be rejected if the jurisdiction of the symbol differs from that of the FIX or BOE session.

FIX and BOE session jurisdiction will not be enforced.
Orders and ETRs for either jurisdiction can be entered via a UK or EU FIX or BOE session.

UK and EU Venue MICs in LastMkt and ExecVenue fields

UK venue MICs will be supplied in the LastMkt field in Execution messages and ExecVenue field on Multicast and TCP PITCH on London and Swiss symbols, whereas EU venue MICs will be supplied for all other symbols. See Section 4 of the Guidance note for more details.

Only UK venue MICs will be supplied in the LastMkt and ExecVenue field for all symbols.

Trading Venue flagging for trade reports (APA)

The regulatory jurisdiction (UK or EU) of the bank code used for trade reporting into the Cboe APA will be used to denote whether the trade report is targeting the UK or EU APA. The resulting Cboe APA will then be reflected on market data via the Cboe Trade Flags field. See Section 5 of the Guidance Note for more details.

Regardless of the jurisdiction configuration of the bank code used for trade reporting into the Cboe APA, the Cboe Trade Flags field will contain UK values.

Trading Venue flagging for trade reports (BXE/CXE)

The value published in the Cboe Trade Flags field will be dependent on the jurisdiction of the symbol. See Section 5 of the Guidance Note for more details.

All trade reports will be published with UK values in the Cboe Trade Flags field.

ODROP session filtering

ODROP session jurisdiction will be enforced. An ODROP will receive flow only for symbols in line with its jurisdiction (UK vs EU venue).

ODROP session jurisdiction will not be enforced. Flow for either jurisdiction will be received down an ODROP.

FIXDROP session filtering

FIXDROP session jurisdiction will be enforced. A FIXDROP will receive flow only for symbols in line with its jurisdiction (UK vs EU venue).

FIXDROP session jurisdiction will not be enforced. Flow for either jurisdiction will be received down a FIXDROP.

Participants who encounter erroneous behavior or rejections at trade submission on Wednesday and Thursday are encouraged to ensure their configuration is in line with our Brexit mode setup. For example, when submitting an order with correct symbol information as per the Reference Data files and the order is rejected with 'No symbology for Symbol' or similar, it is likely the connected session does not support the jurisdiction of the symbol. Symbols on the Cboe EU venue are not supported on Cboe UK Venue FIX, BOE, FIXDROPs and ODROPs session. The jurisdiction of a session can be identified through the Cboe Participant Portal's Logical Ports page and the jurisdiction of a symbol can be identified through the Certification Reference Data files

Participants without EU venue FIX, BOE or drop copy sessions should provide a completed Logical Port Order Form to the Trade Desk.

Please refer to the Guidance Note for specific detail on each change. All Participants are required to review the Guidance Note and ensure adherence to the timelines in Section 11 (page 17) for each of the upcoming mandatory changes.

In addition, Cboe's Brexit microsite resource should be checked regularly by Participants for upcoming updates regarding Brexit. All current and historical Cboe notices, including symbol universe updates, are available online.

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: [email protected] | cboe.com >

REMINDER: Cboe Europe Equities: Brexit - Production Saturday Dress Rehearsal Tests - Q1 2019

February 05, 2019 11:39:18

Dear Cboe Europe Equities Participants

As previously communicated, Cboe Europe (Cboe) will hold three Brexit Saturday Dress Rehearsal dates occurring on Saturday 16th February, Saturday 2nd March and Saturday 16th March 2019, the Dress Rehearsal Testing Guide for these days is now available.

Furthermore, please note that the trading schedule for these Dress Rehearsal days has now been added to the Testing Guide:

Expected Schedule on the day:

Time (UK time)

Activity

06:30

Logical ports available for connectivity

07:00

NOC & Trade Desk available

07:15

Off-Exchange APA and SI platforms open for trade reports and quotes

07:50

On-Exchange BXE and CXE platforms open for auction orders and trades

08:00

Start of trading, simulated load commences

13:00

End of trading - End of Dress Rehearsal

Please also note that Participants should ensure that any software they intend to connect to the EU venue has previously been certified. Participants can perform a self-certification and provide sign-off indicating such by sending an email into [email protected].

All Participants are required to review the Guidance Note and ensure adherence to the timelines in Section 11 (page 17) for each of the upcoming mandatory changes.

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: [email protected] | cboe.com >

UPDATE: Cboe Europe Equities: Brexit Mandatory Technical Changes - Upcoming TCP PITCH Changes effective, Fri 15th Feb 2019

January 21, 2019 09:07:42

Dear Cboe Europe Participants,

Cboe Europe would like to highlight upcoming mandatory changes to Participants who use TCP PITCH market data. The release into the CXE Certification environment has been brought forward to become effective Monday, 11th February 2019.

Effective Friday, 15th February 2019 all existing TCP PITCH message types will cease to be published and will be replaced with new message types containing a microsecond timestamp as described below. The increased size of the timestamp field will result in the field offsets in the new message types' timestamp increasing by three bytes. These changes impact to the BXE, CXE and TRF environments.

New Data Type:

Data Type

Length

Description

TimestampUs

11

A string of ASCII numbers (0-9) representing the whole number of microseconds past midnight London time, right justified and zero padded on the left, with no decimal point.

This will replace the existing 8-byte Timestamp field on all messages.

New Message Types:

Message Name

Existing Message Type

New Message Type

Symbol Clear

s

h

Add Order

A

K

Add Order - Long

c

M

Order Executed

E

N

Order Executed - Long

e

g

Order Cancel

X

F

Order Cancel - Long

x

G

Trade

P

V

Trade - Long

q

W

Trade - Extended

O

v

Trade - Unknown Symbol

k

w

Trading Status

H

a

Statistics

Z

Y

Auction Update

I

b

Auction Summary

j

f

Certification (UAT) Testing:
The new format messages are currently being published in UAT in the BXE and TRF environments. The changes in the CXE UAT environment will become effective Monday, 11th February 2019.

Details of the changes are described in the existing Cboe Europe TCP PITCH Specification. In addition, a new version of the specification is available here with all the new message types and field offsets which have all increased by three bytes to accommodate the increased size of the timestamp field.

Please refer to the Guidance Note for specific detail on each change. All Participants are required to review the Guidance Note and ensure adherence to the timelines in Section 11 (page 17) for each of the upcoming mandatory changes.

In addition, Cboe's Brexit microsite resource should be checked regularly by Participants for upcoming updates regarding Brexit. All current and historical Cboe notices, including symbol universe updates, are available online.

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. [email protected] | cboe.com >

Cboe Europe Equities: Brexit - Production Saturday Dress Rehearsals - Testing Guide Now Available

January 18, 2019 15:29:43

Dear Cboe Europe Equities Participants

Further to the previous Exchange Notice announcing that Cboe will hold three Brexit Saturday Dress Rehearsal dates occurring on Saturday 16th February, Saturday 2nd March and Saturday 16th March 2019, the Dress Rehearsal Testing Guide for these days is now available. This document contains the full detail of activities and requirements for these Production Saturday Dress Rehearsals.

**NB: Participants who intend to connect to the EU Venue must complete and submit any outstanding paperwork as soon as possible. For further information please refer to our Brexit Microsite.

Please refer to the Guidance Note for specific detail on each change. All Participants are required to review the Guidance Note and ensure adherence to the timelines in Section 11 (page 17) for each of the upcoming mandatory changes.

In addition, Cboe's Brexit microsite resource should be checked regularly by Participants for upcoming updates regarding Brexit. All current and historical Cboe notices, including symbol universe updates, are available online.

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: [email protected] | cboe.com >

Cboe Europe Equities: Risk Management Secure Web API - Upcoming Mandatory Change, effective Fri 1st March 2019

January 18, 2019 10:07:01

Dear Cboe Europe Participants,

Cboe Europe (Cboe) would like to highlight the upcoming mandatory change impacting Participants who use the Risk Management Secure Web API.

Effective Friday 1st March 2019 the 'clearing' parameter will become mandatory on Risk Management Secure Web API commands where previously this parameter was optional unless you had multiple bank codes enabled. Please ensure your API commands are updated to explicitly send the clearing parameter on commands.

Reason for change

As part of our Recommended Migration Approach to execute our Brexit strategy, Cboe is actively generating new bank codes and entities for Participants, and as a result of this, the 'clearing' parameter will become mandatory for all Participants utilising the Risk Management Secure Web API.

Certification (UAT) Testing

Effective Monday 25th February 2019 the 'clearing' parameter will become mandatory in the BXE and CXE UAT environments for Secure Web API commands.

Please refer to the Guidance Note for specific detail on each change. All Participants are required to review the Guidance Note and ensure adherence to the timelines in Section 11 (page 17) for each of the upcoming mandatory changes.

In addition, Cboe's Brexit microsite resource should be checked regularly by Participants for upcoming updates regarding Brexit. All current and historical Cboe notices, including symbol universe updates, are available online.

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. [email protected] | cboe.com >

Cboe Europe Equities: Brexit - Production Saturday Dress Rehearsal Tests - Q1 2019

January 14, 2019 18:36:20

Dear Cboe Europe Equities Participants

Brexit: Production Saturday Dress Rehearsal Tests - 16th February, 2nd March & 16th March 2019

Further to the previous Exchange Notice and Guidance Note regarding Mandatory Technical changes relating to Brexit dated Friday 2nd November 2018, Cboe Europe (Cboe) is planning Brexit Production Dress Rehearsal test dates, which will allow participants and vendors to simulate Brexit-like system behaviour in Production in advance of Monday 1st April 2019. In order to align with other pan-European venues, Cboe will hold three Brexit Saturday test dates occurring on Saturday 16th February, Saturday 2nd March and Saturday 16th March 2019, with attendance on at least one date being mandatory. The scope of these tests will include the Production BXE, CXE, CboeLIS, TRF (APA) and SIS environments.

Participants should note the following:

* Change Freeze - Participants wishing to take part in any of the test Saturdays must submit any outstanding requests for new ports by 16:00 UK time of the Thursday prior. No new port requests will be processed on the Friday before any Saturday test.
* Production Data - Please ensure that your Production systems are configured not to send Production trade reports when Cboe systems come up on the Saturday test dates, as all data from these days will be discarded as test data. Cancellation or Amendment of Trade Reports will not be allowed on these test dates.
* Mandatory participation - Attendance on at least one of the published test Saturdays is mandatory. Only Participants and Vendors planning on connecting to the new EU venue are required to attend. Trading Participants and Vendors will be required to establish logical connectivity to at least 1 EU FIX, BOE, FIXDROP, ODROP, GRP or SPIN session, and submit an order or trade report using either real or test EU symbols. Market data vendors and ISVs will be required to establish logical connectivity to at least 1 EU FIXDROP, ODROP, GRP or SPIN session, and confirm success or failure back to [email protected]
* Brexit Saturday Dress Rehearsal - Test Schedule of Activities - To be confirmed in due course

Key contacts on the day

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

o NOC: [email protected] +44 20 7012 8905

o Trade Desk: [email protected] +44 20 7012 8901

Documentation

* Brexit Guidance Note

Certification (UAT) Testing

* In preparation for these Brexit Production Dress Rehearsals, the UAT environment is already available for testing some Brexit functionality - please review the Brexit Guidance Note for specific detail. All Brexit functionality will be rolled out in UAT well in advance of the first dress rehearsal - the date for this will be confirmed in due course.

**NB: Participants who intend to connect to the EU Venue must complete and submit any outstanding paperwork as soon as possible. For further information please refer to our Brexit Microsite.

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: [email protected] | cboe.com >

Cboe Europe Equities: Brexit - Production Saturday Dress Rehearsal Tests - Q1 2019

January 14, 2019 13:06:18

Dear Cboe Europe Equities Participants

Brexit: Production Saturday Dress Rehearsal Tests - 16th February, 2nd March & 16th March 2019

Further to the previous Exchange Notice and Guidance Note regarding Mandatory Technical changes relating to Brexit dated Friday 2nd November 2018, Cboe Europe (Cboe) is planning Brexit Production Dress Rehearsal test dates, which will allow participants and vendors to simulate Brexit-like system behaviour in Production in advance of Monday 1st April 2019. In order to align with other pan-European venues, Cboe will hold three Brexit Saturday test dates occurring on Saturday 16th February, Saturday 2nd March and Saturday 16th March 2019, with attendance on at least one date being mandatory. The scope of these tests will include the Production BXE, CXE, CboeLIS, TRF (APA) and SIS environments.

Participants should note the following:

* Change Freeze - Participants wishing to take part in any of the test Saturdays must submit any outstanding requests for new ports by 16:00 UK time of the Thursday prior. No new port requests will be processed on the Friday before any Saturday test.
* Production Data - Please ensure that your Production systems are configured not to send Production trade reports when Cboe systems come up on the Saturday test dates, as all data from these days will be discarded as test data. Cancellation or Amendment of Trade Reports will not be allowed on these test dates.
* Mandatory participation - Attendance on at least one of the published test Saturdays is mandatory. Only Participants and Vendors planning on connecting to the new EU venue are required to attend. Trading Participants and Vendors will be required to establish logical connectivity to at least 1 EU FIX, BOE, FIXDROP, ODROP, GRP or SPIN session, and submit an order or trade report using either real or test EU symbols. Market data vendors and ISVs will be required to establish logical connectivity to at least 1 EU FIXDROP, ODROP, GRP or SPIN session, and confirm success or failure back to [email protected]
* Brexit Saturday Dress Rehearsal - Test Schedule of Activities - To be confirmed in due course

Key contacts on the day

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

o NOC: [email protected] +44 20 7012 8905

o Trade Desk: [email protected] +44 20 7012 8901

Documentation

* Brexit Guidance Note

Certification (UAT) Testing

* In preparation for these Brexit Production Dress Rehearsals, the UAT environment is already available for testing some Brexit functionality - please review the Brexit Guidance Note for specific detail. All Brexit functionality will be rolled out in UAT well in advance of the first dress rehearsal - the date for this will be confirmed in due course.

**NB: Participants who intend to connect to the EU Venue must complete and submit any outstanding paperwork as soon as possible. For further information please refer to our Brexit Microsite.

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: [email protected] | cboe.com >

Cboe Europe Equities: Trading Venue Segregation for Multicast PITCH market data, effective Fri 15th February

January 11, 2019 15:37:08

Dear Cboe Europe Equities Participants,

Effective Friday 15th February 2019, Cboe Europe Equities (Cboe) will make the new UK and EU venue Multicast PITCH feed infrastructure available in the BXE and CXE environments for Participants to migrate to as per the Trade Desk notice (originally sent on Tuesday 18th December 2018). The new feed will run alongside the existing, legacy feeds. From Friday 15th February 2019 onwards, Participants are urged to begin migrating over to the new feeds. Effective Friday 27th September 2019 the legacy Multicast PITCH feeds will no longer be available. These changes will impact all current consumers of BXE and CXE Multicast PITCH, and Participants will be required to subscribe to a new set of multicast feeds as well as connect to new GRP and SPIN ports. Detailed implementation guidance including network bandwidth management, is provided in the Connectivity Manual - Appendix A.

New Port Allocation
Cboe will create a duplicate of existing GRP and Spin Ports from Monday 11th February 2019 as per the details outlined in Connectivity Manual - Appendix A. All Participants will be able to see details of their newly created GRP and SPIN ports via the 'Logical Ports' section of the Cboe Customer Web Portal. The new ports will be visible under the new MCP_SPIN and MCP_GAP section of the 'Logical Ports' screen. Under current pricing there will be no additional charge for the duplicate GRP & SPIN ports. Pricing will be reviewed after Brexit go-live. Participants are encouraged to cancel their legacy ports as they complete their migration. Further communication will be provided on logical port fees in due course.

EU and UK GRP Ports
Participants should be aware that for each legacy GRP port, two new GRP ports will be created, one for EU venue GRP requests, the other for UK venue GRP requests.

Testing
The functionality in the certification environments is not changing, however should additional GRP or SPIN ports be required they can be requested via the Trade Desk through the usual process.

Dates

* Monday 11th February 2019 - Cboe will finalise duplicates of existing GRP and Spin Port sets on new feed infrastructure. The new ports will be available in final form in the Participant portal. Any new ports visible in the portal prior to this date should be treated as draft and subject to change

* Friday 15th February 2019 - New feed infrastructure available in BXE and CXE environments for participants to migrate and feeds live

* Friday 27th September 2019 - Legacy Multicast PITCH feeds will be disabled

Documentation
Connectivity Manual
Multicast Pitch Specification

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 if you have any questions.

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

Cboe Europe Equities: Brexit Mandatory Technical Changes - Upcoming TCP PITCH Changes effective, Fri 15th Feb 2019

January 10, 2019 12:13:01

Dear Cboe Europe Participants,

Cboe Europe would like to highlight upcoming mandatory changes to Participants who use TCP PITCH market data.

Effective Friday, 15th February 2019 all existing TCP PITCH message types will cease to be published and will be replaced with new message types containing a microsecond timestamp as described below. The increased size of the timestamp field will result in the field offsets in the new message types' timestamp increasing by three bytes. These changes impact to the BXE, CXE and TRF environments.

New Data Type:

Data Type

Length

Description

TimestampUs

11

A string of ASCII numbers (0-9) representing the whole number of microseconds past midnight London time, right justified and zero padded on the left, with no decimal point.

This will replace the existing 8-byte Timestamp field on all messages.

New Message Types:

Message Name

Existing Message Type

New Message Type

Symbol Clear

s

h

Add Order

A

K

Add Order - Long

c

M

Order Executed

E

N

Order Executed - Long

e

g

Order Cancel

X

F

Order Cancel - Long

x

G

Trade

P

V

Trade - Long

q

W

Trade - Extended

O

v

Trade - Unknown Symbol

k

w

Trading Status

H

a

Statistics

Z

Y

Auction Update

I

b

Auction Summary

j

f

Certification (UAT) Testing:
The new format messages are currently being published in UAT in the BXE and TRF environments. The changes in the CXE UAT environment will become effective Friday, 15th February 2019.

Details of the changes are described in the existing Cboe Europe TCP PITCH Specification. In addition, a new version of the specification is available here with all the new message types and field offsets which have all increased by three bytes to accommodate the increased size of the timestamp field.

Please refer to the Guidance Note for specific detail on each change. All Participants are required to review the Guidance Note and ensure adherence to the timelines in Section 10 (page 18) for each of the upcoming mandatory changes.

In addition, Cboe's Brexit microsite resource should be checked regularly by Participants for upcoming updates regarding Brexit. All current and historical Cboe notices, including symbol universe updates, are available online.

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. [email protected] | cboe.com >

REMINDER: Cboe Europe Equities: Brexit Mandatory Technical Changes - Guidance Note Now Available

January 07, 2019 08:54:30

Dear Cboe Europe Participants,

Cboe Europe would like to highlight the following technical changes coming to the Cboe Europe Equities platforms, in preparation for the UK's impending withdrawal from the European Union (EU) in March 2019.

The Cboe Europe Equities Brexit Technical Guidance Note is now available and details the technical interface changes required for all Cboe Europe Equities interfaces, which are summarised below:

* Order Entry, Trade Entry & DROP Interfaces (all going live on Brexit date):

o EU Venue MIC Codes: From 1st April 2019, new segments MICs for the EU venue will be supplied in the LastMkt (FIX tag 30) field in the Execution Report, Trade Cancel/Correct, Trade Capture Report messages on FIX, BOE ODROP & FIXDROP interfaces in BXE, CXE and Cboe LIS environments.

o Trade Reporting to the UK and EU APA: From 1st April 2019, the regulatory jurisdiction (UK or EU) of the bank code used for trade reporting into the Cboe APA will be used to denote whether the trade report is targeting the UK or EU APA. Depending on the post Brexit plans of each firm using the APA, firms may need to request new EU and/or UK bank codes and then populate the relevant bank code in the PartyID (FIX tag 448) field of the Trade Capture Report message on FIX and BOE interfaces. The resulting Cboe APA will then be reflected on market data via the Cboe Trade Flags field. Cboe will be reaching out to firms using it's APA to understand each firm's plans, in order for the correct regulatory jurisdiction to be applied to each bank code referenced above.

o UK and EU ODROP and FIXDROP Sessions: As part of the Brexit Migration process, Participants will be allocated new ports to interface with the EU venue. All existing ports will remain allocated to the UK venue. It should be noted that effective immediately ODROP sessions will be configured to monitor ports and only replicate flow that will be part of the same jurisdiction (EU or UK venue) from 1st April 2019. FIXDROP ports will also only provide flow relating to their respective venue from 1st April 2019, but will provide trades on all symbols prior to that point. Participants should therefore cater for receiving trades for all symbols down both their existing and future EU venue FIXDROP port until 1st April 2019. From 1st April 2019 the FIXDROP ports will only provide trades for symbols on their respective venues.

* Market Data Interfaces:

o Changes going live before Brexit date:

* Redistribution of Symbols between Matching Units: Symbols are distributed across Matching Units by a market and alphabetical symbol distribution. From 15th February 2019, in preparation for the creation of separate UK and EU venues, some markets will be migrated to a different Matching Unit in the BXE, CXE, SIS and APA environments. This will result in changes in the subscription details for receiving Multicast PITCH market data for these markets. In addition, on the effective date the matching_unit column in the symbol reference data files will be updated to reflect the new unit to which symbols from these markets will be allocated.

* Trading Venue Segregation for Multicast PITCH: From 15th February 2019, for the BXE and CXE environments, new UK and EU venue Multicast PITCH feed infrastructure will be established to which participants will need to migrate to, which will run alongside the existing legacy feeds. From this point onwards, Participants are urged to begin migrating over to the new feeds. On 27th September 2019 the legacy Multicast PITCH feeds will no longer be available. These changes will impact all current consumers of BXE and CXE Multicast PITCH, and Participants will be required to subscribe to a new set of multicast feeds as well as connect to new GRP and SPIN ports.

* Multicast PITCH Transaction Markers: From 15th February 2019, Market Data Transaction Markers will be added to Multicast PITCH in BXE and CXE. This functionality adds a Transaction Begin message to the protocol to indicate that any subsequent messages up to the accompanying Transaction End message, are all part of the same transaction block.

* Microseconds on TCP PITCH: All messages currently sent on TCP PITCH contain a Timestamp field representing the number of milliseconds since midnight. From 15th February 2019, these messages will be updated to begin sending the number of microseconds since midnight. In order to facilitate the structural change, all existing messages will be replaced with new message types. The existing messages will cease to be sent from go-live.

o Changes going live on Brexit date:

* EU Venue MIC Codes: From 1st April 2019, new MICs for the EU venue will be published in the Execution Venue field of the Trade Message - Extended Form message type on Multicast and TCP PITCH feeds in BXE and CXE environments.

* Trade Reporting to the UK and EU APAs: From 1st April 2019, the existing Cboe Trade Timing Indicator field has been renamed to the Cboe Trade Flags field and it will now also convey the Cboe Regulated Entity (UK or EU) to which a trade report was submitted. This change will apply to the Trade Message - Extended Form and Trade Message - Unknown Symbol message types on Multicast and TCP PITCH feeds in the BXE, CXE and APA (TRF) environments.

* Transaction Reporting Obligations:

o Depending on a third country Trading Participant's unique situation related to Brexit, there may be additional Venue Transaction Reporting Obligations to consider. Trading venues under MiFID have an existing obligation to transaction report to their NCA on behalf of non-EU Trading Participants. On the assumption that the UK will have a similar requirement on non-UK based firms post-Brexit, Cboe will require entities not based in the UK jurisdiction to submit additional information in order for Cboe to meet its Transaction Reporting obligation derived from Participant trading activity. Similarly, UK firms trading on the EU venue will be considered non-EU and will also be required to Transaction Report.

Please note that the functionality going live on Brexit date (1st April 2019) is subject to:

* The relevant regulatory authorisation being granted to Cboe EU to provide its services; and

* Cboe EU confirming that it will launch the operations.

All other functionality will go live on the dates stated above.

Please refer to the Guidance Note for specific detail on each change. All Participants are required to review the Guidance Note and ensure adherence to the timelines in Section 10 (page 18) for each of the upcoming mandatory changes.

In addition, Cboe's Brexit microsite resource should be checked regularly by Participants for upcoming updates regarding Brexit. All current and historical Cboe notices, including symbol universe updates, are available online.

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. [email protected] | cboe.com >