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UBS MTF would like to announce details of upcoming changes to prepare for the implementation of MiFID II in January 2018.
UBS MTF will deliver a functional update to our FIX interfaces for trading and drop copy in early July 2017, providing support for exchange of additional information, as required under MiFID II, and introducing microsecond granularity on timestamps generated by the trading venue, removing the option to deliver milliseconds only.
We are also introducing a new mechanism to specify the desired CCP account to be used in processing executions arising from an order, via the AccountType field. Use of this field will become mandatory with the implementation of the following functional release, planned for Q4 2017 at a date to be announced in due course.
This functional release is described in version 4.2 of our FIX trading interface, attached to this notice and available for member testing in UAT from 5 May, ahead of production release 10 July 2017. Members are invited to test their IT systems against our test environment in advance of this release.
UBS MTF is also preparing a registration interface for the management of short code identifiers as used in the updated FIX RoE, in line with the FIX-AFME MiFID II Order Record Keeping Venue Subgroup. A provisional specification of the planned interface is available for review at https://www.ubs.com/global/en/investment-bank/multilateral-trading-facility/member-information.html and attached to this notice. We would appreciate members' feedback on the specification prior to May 12, and will publish a final specification following this date.
UBS MTF Notices and documentation are available at http://ubs.com/mtf. If you have any queries regarding this notice, or comments on the above, please contact the UBS MTF Supervisors at +44 20 7568 2052 or ubs_mtf@ubs.com.
