- What are the key functionalities of BTS3?
- Is BTS3 designed to support a move to a T+1 settlement cycle?
- What operational changes to the market opening procedure should participants be aware of in BTS3?
- Will market data licensing policies be revised, or will they remain unchanged?
- Will BTS3 support Client Amendment functionality?
- Will BTS3 introduce new messaging protocols, and what is the timeline for POs to update their order management systems?
- What are the key risks in the BTS3 implementation, and how will they be managed?
- Will EUAT and Industry-Wide Testing (IWT) be available throughout the week?
- How will the migration affect real-time market data delivery? Will there be changes to data formats (e.g., ITCH/Glimpse) or bandwidth requirements for higher data volumes? Will the new ITCH feed provide a full order -by-order book?
- Will there be any changes for clients using Direct Market Access (DMA)?
- When will the connectivity setup be confirmed? Will it use TCP or Multicast?
- Will multicast market data access be available for data vendors?
- Will the “White Room” service seamlessly include access to BTS3? NB: Available to POs and Authorised Direct Members only.