bts2 technical guide 1-direct business transactions
DESCRIPTION
Technical guide on direct business transactions trading with BTS2 by Bursa MalaysiaTRANSCRIPT
Direct Business Transactions
BTS 2 – Technical Guide #1
Direct Business Transactions(Negotiated Deals)
BTS 2 : Technical Guide #1
DBT Scenarios
1. Inter-broker : Dealer A and B from TWO different POs
2. Intra-broker : Dealer A and B from the same PO but TWO
different Systems MemberCodes
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3. Intra-broker : Dealer A and B from the same Participating
Organisations and same Systems MemberCode
BTS 2 : Technical Guide #1
Important Details Prior to Submission of DBT
Description
Trade Details• Securities• Agreed Price & Quantity• CDS Account(s)Every systems capable of submitting DBTs must have a Systems Membercode (eg. 065201, 098203 and 035202). BTS2 trading
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SystemsMembercode
Membercode (eg. 065201, 098203 and 035202). BTS2 trading engine requires Membercodes of both parties for the purpose of routing the trade messages. It is advisable to have the Systems Membercode displayed on the DBT entry screen.
Dealer IDUpon receiving trade messages from the BTS2 tradingengine, every OMS will rely on the Dealer ID to route the trade to the right dealer’s screen.
Order Entry Sequence
1st Step : Seller to submit the DBT2nd Step : Buyer to confirm
BTS 2 : Technical Guide #1
Description
Trade Details
• Securities : 1818• Agreed Price & Quantity : RM8.80 for 500,000 shares• CDS Account (s)• Dealer A (Seller) : 011112228• Dealer B (Buyer) : 033336668
DBT Scenario #1 : Inter-Broker
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• Dealer B (Buyer) : 033336668SystemsMembercode
• Dealer A (Seller) : 065203• Dealer B (Buyer) : 068202
Dealer ID • Dealer A (Seller) : TAN0168• Dealer B (Buyer) : 1028LCK
Note : Seller to submit the DBT, while Buyer to confirm
BTS 2 : Technical Guide #1
DBT Scenario #1 : Inter-Broker
Submit DBTTrade Details : 1818; 8.80; 500,000Ownself : TAN0168; 011112228CounterParty : 068202; 1028LCK
Acknowledge DBT SubmissionTrade Report ID : 2013063088
Dealer AOMS
BTS2 Dealer BOMS
Acknowledge DBT SubmissionTrade Report ID : 2013063089
Dealer A agreed to initiate the submission by keying into his OMS systems
Based on the Membercode 068202, BTS2 routes the message to Dealer B OMS systems. The OMS direct the message to Dealer B terminal based on the Dealer ID1028LCK
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Trade Report ID : 2013063088Trade Details : 1818; 8.80; 500,000Ownself : 065203; TAN0168; 011112228CounterParty : 068202; 1028LCK
Trade Report ID : 2013063089Trade Details : 1818; 8.80; 500,000Ownself : 068202; 1028LCKCounterParty : 065203; TAN0168
Confirm DBT SubmissionTrade Report Ref ID : 2013063089Trade Details : 1818; 8.80; 500,000Ownself : 1028LCK; 033336668
Acknowledge DBT TradeTrade Match ID: 20130630-00000123Trade Details : 1818; 8.80; 500,000Ownself : 065203; TAN0168; 011112228CounterParty : 068202; 1028LCK
Acknowledge DBT TradeTrade Match ID: 20130630-00000123 Trade Details : 1818; 8.80; 500,000Ownself : 068202; 1028LCK; 033336668CounterParty : 065203; TAN0168
When Dealer A’s submission appears on Dealer B terminal, Dealer B confirm the transaction by keying the CDS account on his part and submit the acceptance.
BTS 2 : Technical Guide #1
Description
Trade Details
• Securities : 1818• Agreed Price & Quantity : RM8.80 for 500,000 shares• CDS Account (s)• Dealer A (Seller) : 011112228• Dealer B (Buyer) : 033336668
DBT Scenario #2 : Intra-Broker, Different Systems
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• Dealer B (Buyer) : 033336668SystemsMembercode
• Dealer A (Seller) : 065203• Dealer B (Buyer) : 065206
Dealer ID • Dealer A (Seller) : TAN0168• Dealer B (Buyer) : 1028LCK
Note : Seller to submit the DBT, while Buyer to confirm
BTS 2 : Technical Guide #1
DBT Scenario #2 : Intra-Broker, Different Systems
Submit DBTTrade Details : 1818; 8.80; 500,000Ownself : TAN0168; 011112228CounterParty : 065206; 1028LCK
Acknowledge DBT SubmissionTrade Report ID : 2013063088
Dealer AOMS
BTS2 Dealer BOMS
Acknowledge DBT SubmissionTrade Report ID : 2013063089
Dealer A agreed to initiate the submission by keying into his OMS systems
Based on the Membercode 065206, BTS2 routes the message to Dealer B OMS systems. The OMS direct the message to Dealer B terminal based on the Dealer ID1028LCK
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Trade Report ID : 2013063088Trade Details : 1818; 8.80; 500,000Ownself : 065203; TAN0168; 011112228CounterParty : 065206; 1028LCK
Trade Report ID : 2013063089Trade Details : 1818; 8.80; 500,000Ownself : 065206; 1028LCKCounterParty : 065203; TAN0168
Confirm DBT SubmissionTrade Report Ref ID : 2013063089Trade Details : 1818; 8.80; 500,000Ownself : 1028LCK; 033336668
Acknowledge DBT TradeTrade Match ID: 20130630-00000123Trade Details : 1818; 8.80; 500,000Ownself : 065203; TAN0168; 011112228CounterParty : 065206; 1028LCK
Acknowledge DBT TradeTrade Match ID: 20130630-00000123 Trade Details : 1818; 8.80; 500,000Ownself : 065206; 1028LCK; 033336668CounterParty : 065203; TAN0168
When Dealer A’s submission appears on Dealer B terminal, Dealer B confirm the transaction by keying the CDS account on his part and submit the acceptance.
BTS 2 : Technical Guide #1
Description
Trade Details
• Securities : 1818• Agreed Price & Quantity : RM8.80 for 500,000 shares• CDS Account (s)• Dealer A (Seller) : 011112228• Dealer B (Buyer) : 033336668
DBT Scenario #3 : Intra-Broker, Same Systems
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• Dealer B (Buyer) : 033336668SystemsMembercode
• Dealer A (Seller) : 065203• Dealer B (Buyer) : 065203
Dealer ID • Dealer A (Seller) : TAN0168• Dealer B (Buyer) : LCK1028
Note : Seller to submit the DBT for both buy and sell
BTS 2 : Technical Guide #1
Submit DBT
BTS2Dealer A & BOMS
In this scenario, BTS2 expects ONLY ONE DBT submission from the OMS. In this example, Dealer A agreed to complete the DBT trade by keying in the Dealer IDs and CDS accounts, for both Dealer A and Dealer B.
DBT Scenario #3 : Intra-Broker, Same Systems
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Submit DBTTrade Details : 1818; 8.80; 500,000Ownself : TAN0168; 011112228CounterParty : LCK1028; 033336668
Acknowledge DBT TradeTrade Match ID: 20130630-00000123Trade Details : 1818; 8.80; 500,000Ownself : 065203; TAN0168; 011112228CounterParty : 065203; LCK1028; 033336668
BTS 2 : Technical Guide #1
EQUITY PARTICIPATION IN BURSA DERIVATIVESEnd of Guide
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EQUITY PARTICIPATION IN BURSA DERIVATIVESEnd of Guide