MiFID II/MiFIR: Required action for the new Short Code regime starting 3 January 2022 and Common Upload Engine (CUE) Short Code and algoID upload details

Release date: 27 Oct 2021

074/2021 MiFID II/MiFIR: Required action for the new Short Code regime starting 3 January 2022 and Common Upload Engine (CUE) Short Code and algoID upload detailsXetra Circular 074/21

1. Introduction

Following the decree of the Hessian Exchange Supervisory Authority, published with Xetra circular 055/21, we would like to inform about required action with regards to the preparation of the new Short Code regime starting in January 2022.

In addition, details about the Common Upload Engine (CUE) upload for short code and algoIDs and information regarding the simulation are published with this circular.

2.    Required action

Trading Participants are required to prepare their Short/Long Code combinations compliant with the new requirements of uniqueness and consistency and provide the trading venue with this data.

Trading Participants using the CUE for short code and algoID uploads shall take the requirements and validation rules into account. In addition, the end-to-end testing will be available in simulation environment starting 3 November 2021. The file upload still has to be done by Member ID and MIC combination.

3.    Details

The short code database of all Frankfurter Wertpapierbörse (FWB®, the Frankfurt Stock Exchange) Trading Participants is going to be deleted on 31 December 2021. Hence, all Trading Participants are required to (re-) upload short/long code combinations, which are compliant with the uniqueness and consistency requirements.

There are two options in order to prepare the Short Code uploads to the trading venue. Please find detailed information in the document “FWB Eurex Member Guide Short Code Regime 2022”.

The document „CUE validation and file specification_SC_AlgoID“ provides Trading Participants with information about the CUE upload process and contains validation rules and file specifications. 

Please find the documents on the Xetra website www.xetra.com under the following path:

Newsroom > Current regulatory topics > MiFID II and MiFIR > Reference data reporting

Trading Participants can perform end-to-end testing of the CUE upload functionality in the simulation environment starting on 3 November 2021. Please note that until further notice CUE uploads require one upload file per Member ID and MIC combination.


Further information

Recipients:

All Xetra® Members and Vendors

Target groups:

Traders, Technical Contacts, Security Administrators, System Administrators, Compliance-Department, Nominated Persons

Contact:

Your Key Account Manager or client.services@deutsche-boerse.com, for regulatory questions: Regulatory Processing,  regulatory.processing@deutsche-boerse.com, tel. +49-69-211-1 58 58

Related circular:

 

Xetra circular 055/21

Web:

www.xetra.com

Authorised by:

Cord Gebhardt, Annette Czypull (on behalf of the Management Board)