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Monday, September 19, 2016

UTP Vendor Alert #2016 - 16
Two Week Extension of BETA Parallel Data Dissemination period for Binary SIP Release to Provide Data Recipients Additional Time

Markets Impacted:

Products Impacted:

Contact Information:

What you need to know:

  • The UTP Operating Committee (UTPOC) received a request to extend the BETA Parallel period by an additional two weeks, to October 24, 2016.
  • Granting this extension will provide direct data recipient’s additional time to prepare for the Hot Cut release.
  • Per the UTPOC approval of this extension request, the SIP will extend Step 2 of the BETA Parallel period through Friday, October 21, 2016:
    • Active exchange participants will continue to send quote and trade data to both Legacy and Binary SIP systems.
    • Legacy SIP remains the Production data services that Data Feed Recipients must use for regulatory obligations.
    • New SIP will broadcast the UTP Data Services (binary) formats as BETA version and will use new Binary production multicast groups, originating out of New York and Chicago.
    • During the beta period the Participants availability will be available on a best efforts basis.
  • Additionally with this extension, Step 3 of the planned migration will be revised as follows:
    • Production Launch Monday, October 24, 2016.
    • The UTP Data Services (binary) will be deemed production ready. Data Feed Recipients must use the UTP Data Services (binary) for regulatory obligations.
    • All UTP Data Services (binary) channels in production on new multicast groups
    • Legacy data feeds will still be disseminating for fallback purposes. Intend to operate in this configuration for two weeks before retiring the legacy services

Overview:

The UTP Operating Committee (UTPOC) received a request to extend the BETA Parallel period by an additional two weeks, to October 24, 2016. Granting this extension will provide direct data recipient’s additional time to prepare for the Hot Cut release.

The revised launch data for the Binary release will be Monday, October 24, 2016.

Overview:

With the approval of this extension request the remaining testing opportunities are revised as follows:

Type of Testing Scheduled Dates Description
Saturday User Acceptance Test (UAT) Remaining Saturday UATs:
  • September 24th
  • October 8th
  • October 22nd (Confidence Test)
 UTP participants will be invited to enter data to test the new functionality. As it is generated, the UTP SIP will disseminate the new test data via the “UTP Data Services (binary)”. Advance registration is requested for the UATs.
BETA Parallel Testing July 2016 through October 21, 2016 Direct Data Feed Recipients, which have configured and connected to the new IP Multicast Groups, will have the opportunity to receive BETA Versions of the new UTP Data Services (binary). Details on the three step BETA test process are shown below.
*Legacy SIP UTP Data Feeds remain the Production data services that data recipients must use for regulatory obligations.
Production Launch Production Ready Environment Revised to Monday, October 24, 2016 Production implementation of the new data services. This will be implemented as a “Hot Cut” release, vendors must be prepared to process the new binary data feeds or risk the loss of data.
*Upon launch of the new UTP Data Services (binary), Data Feed Recipients must use the binary feeds for regulatory obligations.

Who should I contact for additional information?