Introduction of T7 Release 8.1

Release date: 04 Dec 2019

083/2019 Introduction of T7 Release 8.1Xetra Circular 083/19

1.    Introduction

Deutsche Börse AG plans to introduce T7 Release 8.1 on 29 June 2020. The simulation for T7 Release 8.1 is planned to start on 4 May 2020.

The following functional enhancement will be introduced in T7 Release 8.1:

  • Xetra EnLight below Large-In-Scale (LIS)

This circular provides T7 participants with the T7 Release 8.1 timeline, planned scope, and the communication schedule.

2.    Required action

Trading Participants are requested to initiate the preparatory steps for software readiness for the new T7 release 8.1 on 29 June 2020.

3.    Details 

A.  T7 Release 8.1 timeline

The launch of T7 Release 8.1 is planned for 29 June 2020 for the trading venues Xetra and Börse Frankfurt.

The simulation is planned to start on 4 May 2020.

Deutsche Börse AG will provide a dedicated simulation environment in order to give Trading Participants the opportunity to perform comprehensive testing of their trading applications, independently of the T7 production. 
The simulation is planned to start on 4 May 2020.

In addition to the T7 release simulation, Trading Participants can also use the T7 Cloud Simulation that allows Trading Participants and Independent Software Vendors (ISVs) to test against the current T7 production and simulation software versions. In this environment, Trading Participants can initiate predefined market scenarios and test specific strategies more easily than in a shared environment. The T7 Cloud simulation is permanently available (24/7) for a fixed price per hour and is accessible using an SSL-encrypted internet connection. The T7 Cloud Simulation will start in advance of the usual release simulation. For more information on the T7 Cloud Simulation, please refer to the Xetra website www.xetra.com under the following path:

Please refer to Figure 1 in the Attachment for an overview of the introduction schedule.

B.  T7 Release 8.1 scope

With T7 Release 8.1, among other enhancements, T7 Xetra will be offering Xetra EnLight below LIS for the trading venue Xetra on T7.

Trading Participants will be able to enter Xetra EnLight Request for Quotes (RfQ) above an instrument-specific, exchange-defined threshold. This threshold will be below the ESMA-defined LIS value.

Xetra EnLight quotes below LIS will be published in accordance with the MiFID II regulation.

C.  T7 Release 8.1 communication schedule

In January 2020, Deutsche Börse AG will publish preliminary release notes listing the functional and technical enhancements that will be available in T7 Release 8.1.

Please refer to Figure 2 in the Attachment for the communication calendar with all the important dates regarding the publication of documents for T7 Release 8.1:

  • Preliminary versions (identified by a diamond) will be published in January/March 2020, 
  • Simulation versions (identified by a square) will be published in April 2020, and 
  • Final versions (identified by a circle) will be published in April/May/June 2020 prior to the production launch

The documents will be available on the Xetra website under the following path:

Please note that dates are preliminary and subject to change.

Attachment: 

  • Overview of the introduction schedule (Figure 1), communication schedule (Figure 2)

Further information

Recipients:All Xetra® and Börse Frankfurt Members and Vendors
Target groups:Traders, Technical Contacts, Security Administrators, System Administrators, Nominated Persons, General
Contact:

cts@deutsche-boerse.com

Authorized by:

Martin Reck, Holger Patt (on behalf of the Management Board)

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