UK LSE TRADEcho release 3.17

On Jan. 30, UK LSE announced new TRADEcho 3.17 functional release.

  • UK LSE issued Notice 001/30012024 entitled TRADEcho 3.17 & Group Ticker Plant Next Functional Release - Customer Development Service (CDS) Go-Live.
  • Follows UK LSE Sep. 2023 announced on new TRADEcho release 3.16, see #184230.
  • Document dated Jan. 30, 2024, and was received on Feb. 7, 2024 due to a fixed feed.
  • Announcement Overview
  • Notice informed customers on Monday Feb. 5, 2024, TRADEcho release 3.17 and Group Ticker Plant (GTP) 1.22.0 would be available on Customer Development Service (CDS).
  • Customers should all note the changes impacting GTP will be deployed in two stages.
  • The second CDS release is expected to be available in late Mar. 2024, and date will be confirmed via a Service Announcement in due course, with full details to be provided.
  • TRADEcho 3.17 Changes
  • The changes include, for any UK trades submitted to ECHO APA, various flags will no longer be used, such as Agency cross flag - ACTX, and Duplicate trade flag – DUPL.
  • Also the introduction of Portfolio Transaction (PORT) and Market Closing Price (CLSE) flags for all the UK trades that are submitted to ECHO APA (applicable to RTS1 only).
  • All of the UK trade reports that are submitted to ECHO APA with minor currencies, will all be converted to the relevant corresponding major currency during the publication.
  • In addition, TRADEcho will no longer support any of the reports entered with the Price Currency or Notional Currency of ITL or HRK for ECEU and ECHO, for all future data.
  • Group Ticker Plant Changes
  • These changes include an update to MIFID II Trade Report (0x54), with new fields for Market Closing Price Flag, NT Large in Scale Flag, and NT Pre-Trade Transparency Flag.
  • New values are added to the fields Negotiation Indicator and Reference Price Indicator.
  • Various fields are renamed, Price Currency into Price Major Currency (FCA) / Price Currency (ESMA), and Missing Price into Missing Price (ESMA) / Price Conditions (FCA).
  • Description of various fields are updated including MIFID Price, Notional Currency, the Negotiation Indicator, Reference Price Indicator, in addition to the Missing Price field.
  • GTP release (Mar. 2024 CDS Release) Changes
  • MIFID II Trade Report (0x54) will be updated with enriched Duplicative Indicator field with values related to Intra-Group Trade (IGRP) and Cross-Border Duplicative Trade Report (XBDT), Transaction Category field enriched with RFMD Give-Up Trade (GIVE).
  • Effectiveness
  • The new TRADEcho and GTP releases will be available for users from Feb. 5, 2024, but production TRADEcho 3.17 and GTP release 1.22.0, should be available Apr. 29, 2024.

Regulators UK LSE
Entity Types B/D; Depo; Exch; IA; Inv Co; OTC
Reference RF, Nt 001/30012024, 1/30/2024; MIFID/MIFIR Dir 2014/65, Reg 600/2014
Functions Compliance; Financial; Legal; Operations; Reporting; Risk; Technology; Trade Reporting; Trading; Treasury
Countries United Kingdom
Products Commodities; Custody; Derivatives; Equity; ETFs; Fixed Income; Fund Mgt; Securities; Structured Products
Regions EMEA
Rule Type Final
Rule Date 1/30/2024
Effective Date 4/29/2024
Rule Id 200639
Linked to Rule :184230
Reg. Last Update 1/30/2024
Report Section UK

Last substantive update on 02/11/2024