Data Vendor Briefing

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Data Vendor Briefing

• 07 February 2002

2
Data Vendor Presentation
Agenda

• Timeline
• Accreditation
• Customer Testing
• Customer Testing Documents
• LCON
• Functional Design Considerations
• Dress Rehearsals
• Systems Decommissioning

3
Agenda

• Timeline
• Accreditation
• Customer Testing
• Customer Testing Documents
• LCON
• Functional Design Considerations
• Dress Rehearsals
• System Decommissioning

4
Timeline
2001
2002
June
Aug
Oct
Sept
Feb
Jan
Dec
Nov
July
Mar
April
May
4/6/01
3/8/01
JSE Design
19/10/01
6/8/01
JSE Development
4/6/01
19/10/01
JSE Build and Test of
Technical
Infrastructure
22/10/01
JSE/LSE Prepare and Execute
Integration Test

18/01/02
4/6/01
3/8/01
9/11/01
Prepare and Execute Business Operations Proving
12/4/02
21/1/02
Design of JSE Front End Solution
Build and Test of JSE

Front End Solution
Design, Build and Test of Data Vendor / Member


Front End Solution
27/6/01
18/01/02
13/4/02
1st DR
12/04/02
4/6/01
18/7/01
27/6/01
27/04//02
JSE / LSE Draft Spec
JSE / LSE Final Spec
Prepare and Execute Customer Test
26/11/01
2nd DR
Go-live
29/4/02
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Agenda

• Timeline
• Accreditation
• Customer Testing
• Customer Testing Documents
• LCON
• Functional Design Considerations
• Dress Rehearsals
• System Decommissioning

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Vendor Accreditation
By accrediting any version of the software, the
JSE is in no way endorsing or warranting such
software or the services provided by the vendor
to its customers
Accreditation means that the relevant version of
the Vendors software has passed the relevant JSE
SETS conformance tests and that the Vendor
provides certain minimum services to its
customers in relation to such software.

• Benefits of Accreditation
• You will be included in the list of accredited
  vendors that is published on the JSE web site
• You will be included in email communication
  concerning updates and changes to the JSE
  environment
• You will be included in JSE technical forums
• You will be invited to briefings for new releases
  of the JSE SETS software

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How to Apply for Accreditation
Follow these simple steps to apply for Vendor
Accreditation
1.
Check that your software complies with the JSE
User Specification
2.
Obtain and sign the JSE Accreditation Application
Form
3.
Obtain and sign the JSE Service Agreement
4.
5.
Make sure that all necessary testing fees are
paid
Book the necessary customer test slots
6.
Pass TRT and Conformance Tests
7.

• Accreditation will be reviewed annually
• You must reapply for accreditation if
• Your software changes
• Major changes to JSE SETS occur
• Major changes to services offered

Submit your application form
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Criteria to Meet Accreditation

• Must sign the Accreditation Application Form
• Must ensure that each accredited version of the
  Software functions in accordance with the JSE
  User Specification
• Must use the Accredited Software in compliance
  with the applicable South African laws and JSE
  rules
• Must provide its Customers with a Help Desk
• Ensure staff are competent and experienced enough
  to be able to carry out maintenance of the
  Accredited Software

For further information please refer to the JSE
website www.jse.co.za
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Agenda

• Timeline
• Accreditation
• Customer Testing
• Customer Testing Documents
• LCON
• Functional Design Considerations
• Dress Rehearsals
• System Decommissioning

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Enablement Process
Customer
JSE
JSA JSE Services Agreement CEIF Customer
Enablement Form SAP Service Access Point USAP
User Access Point KEK Key Encryption Key KCV
Key Check Value
JSA Order Form
CEIF (SAP ID, USAP, Enablement ID)
Network configuration Ping test
Seven business days turn around time
KEK package
Receipt of KEK Form
Applicable to Trading Customers only
Install KEK generate KCV
Authorisation of KEK Form
Confirm KCV
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New Policy on CDS Access
The JSE, recognising the business need of many of
its members to begin fine- tuning their software
that they are receiving from software developers,
has agreed to update the policy as regards to the
requirements to access the CDS environment.

• Members using conformed software (i.e. the
  software vendor has passed conformance testing
  using that software) will be allowed to access
  the CDS environment even though they themselves
  have not undergone conformance testing But
• Members using this software must undergo and pass
  a TRT before accessing the CDS environment
• Members using this software must undergo and pass
  conformance testing with that software before
  they are allowed to go-live with that software

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New Policy
Old Policy for all users who have to pass
conformance
Conformance Service
Customer Development Service (CDS)
Dress Rehearsals
Technical Readiness Test (TRT)
Customer Base Test (CBT)
Conformance Test (CT)
Go Live
LCON

Optional, but recommended
TRT and Conformance Test must be passed BEFORE
gaining access to CDS TRT and Conformance Test
must be passed to go live
New Policy for those using conformed software
Customer Development Service (CDS)
Conformance Test (CT)
Dress Rehearsals
LCON
Go Live
TRT must be passed BEFORE gaining access to CDS
on previously conformed software, but conformance
may be passed after CDS access TRT and
Conformance Test must be passed to go live
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Conformance Process
Once a customer has been enabled for conformance
testing and a booking for a slot has been made,
the process outlined below is followed
Test Execution
Test Preparation
Follow Up
Obtain test scripts from the JSE
website Configure system to use correct USAP
Participant Code and Segment/Sector number
(TCnM) Make sure that the communication link
between your network and the JSE is configured
properly Prepare input test data for all cycles
as per conformance test script
Receive test report from the JSE Resolve issues
identified during conformance test Confirm
booking for next test session
Execute test cycles, following instructions from
the CTA Optionally, record results for each test
cycle
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CDS Availability
The Customer Development Service is available
from 26 November 2001 on each JSE business day
from 11h00 to 21h00 SAST, revised availability
time based on requests from users

• The JSE User Readiness Help desk will perform
  first line support for all activities in the
  Customer Development Service from 09h00 to 17h00
• From 17h00 to 21h00 the Help Desk service will be
  unsupported
• MAW customers will not access the CDS directly,
  they should contact their Software Providers
• Two types of access will be made available
• DEDICATED ACCESS connections will be available on
  a subscription basis. Subscribers will have the
  sole use of that connection on JSE business days
  from 11h00 to 21h00 SAST for a month
• BOOKABLE SLOTS are available on JSE business
  days, each from 11h00 to 21h00 SAST for the
  booking of regular or ad hoc slots
• Please note that a limited amount of access
  connections are available

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Agenda

• Timeline
• Accreditation
• Customer Testing
• Customer Testing Documents
• LCON
• Functional Design Considerations
• Dress Rehearsals
• System Decommissioning

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Business Technical Reasons for Customer Testing
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Customer Testing Service Fees
10h00
15h00
TRT
OR
CBT
OR
CT

• Conformance Service
• Each customer will be entitled to a maximum of
  six slots
•  
• Slots can be used for any test at the customers
  discretion
•  
• BUT, only a maximum of three slots may be used to
  perform CTs
•  
• Additional slots will cost R12 000 VAT

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Customer Testing Service Fees
Customer Development Service
21h00
11h00
DEDICATED ACCESS
R10 000 VAT per month

• BOOKABLE SLOTS
• REGULAR SLOTS, repeated a minimum of three times
  after the initial slot (e.g. every Monday for
  four weeks)
• AD HOC SLOT (once off slot)

R600 VAT per slot
R800 VAT per slot
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Test Slot Scheduling
Scheduling of slots on the Conformance Service
and connections to the Customer Development
Service will be conducted by the JSE User
Readiness Help desk

• Conformance Service
• Slots may be scheduled once the original, duly
  signed JSE Services Agreement and Order Form have
  been returned to the JSE
• Customers should specify if they want to do a
  High Volume Test
• Seven business days notice is required for
  booking
• Until 31 March 2002, three business days notice
  is required for cancellation
• Customer Development Service
• Access may be scheduled once the software has
  passed the mandatory Conformance Test
• Five business days notice is required before
  Customers will be able to access the CDS for the
  first time, thereafter two business days notice
  will be required

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Customer Testing Documentation
Customer testing documentation can be found at
www.jse.co.za Click on JSE Initiatives -gt JSE
Trading and Information Systems -gt JSE Customer
Testing Services
   
JSE Canned Data 20 December 2001 (Zipped) - 1MB
   
Customer Testing Overview (Zipped)- 670KB
   
JSE Customer Testing Script summary (Zipped) -
252B
   
Information Data Layouts (zipped) - 447KB
   
Trading Data Layouts (zipped) - 498KB
   
Execution Logs (zipped) - 46KB
   
JSE Customer Development Service (CDS) (zipped) -
652KB
Data Layouts are the actual test scripts
customer must have a hard copy of these prior to
test execution

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Conformance Service Availability

• There are three test slots available per day
  (until 31 March 2002), each from 10h00 to 15h00
  SAST which may be used to perform a TRT, a CBT or
  a Trading and/or Information CT
• This can be extended to six slots per day
  depending on demand. BUT at the moment there is
  no demand for more slots.
• Therefore Book slots asap to ensure that there
  is enough time and slots to conform
• Each slot supports one trading and one
  information interface
• Should a customer pass the TRT in less than 5
  hours, the remainder of the slot may be used to
  perform a CBT

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Agenda

• Timeline
• Accreditation
• Customer Testing
• Customer Testing Documents
• LCON
• Functional Design Considerations
• Dress Rehearsals
• System Decommissioning

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Live Connectivity Test (LCON)
2 LCON Tests
JCON Connectivity from a member to the JSE Hub
LCON Connectivity from a member to LSE
You need to undergo a JCON test before an LCON
test
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Live Connectivity Tests (LCON)
The high level process for LCON is the same as
that for conformance tests. The key difference is
that the Live environment is used, both at the
customer and the Exchange sites
LCON DatesSaturdays 2 March 16 March and 30
March
LCON Test Execution

• Must pass LCON in order to go live
• No LCONs will be allowed on day of dress
  rehearsals

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Live Connectivity Tests (LCON)
LCONs allows customers to confirm the
communications connectivity and customer
enablement

• InfoWiz Installation
• Connect to broadcast groups
• Log-on to Interactive Request Interface
• Re-request missed messages
• Recover from line failure (backup to ISDN)
• Log-off Interactive Interface
• JSE SETS Installation
• Log-on to Secure Interactive Interface
• Enter trade report
• Request own order book download
• Recover from line failure (backup to ISDN)
• Log-off Secure Interactive Interface
• A JCON and LCON is a mandatory test
• 3 working days notice for cancellation of
  bookings

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Agenda

• Timeline
• Accreditation
• Customer Testing
• Customer Testing Documents
• LCON
• Functional Design Considerations
• Dress Rehearsals
• System Decommissioning

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Time Saving

• Start of day downloads start at 05h00 UK time.
  Subscribers should be listening prior to this
  time so as not to miss anything. Please note
  Although service is not available, you should be
  ready and listening.
• It must be noted that the data and/or idle poll
  messages will only start broadcasting at 06h00
  SAST during winter months and at 07h00 SAST
  during summer months
• It is therefore not necessarily a problem if
  nothing is received from 06h00 06h59 during
  summer months

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Closing Price Message

• The 5SK message will not contain the closing bid
  price or the closing offer price - these will be
  zero
• A closing price message will be broadcast during
  the day if the tradable instrument is suspended -
  this price will be that of the last automatic
  trade that took place on the system
• If the instrument remains suspended for longer
  than one day, no closing price is disseminated
  for that instrument at the end of the day
• Note that closing prices are broadcast on J21
  (JSE Best Bid Ask Level 1) and NO2 (NSX Market
  Data News SENS) BDGs and that the service
  hours of these BDGs extend well beyond 17h08 SAST
• Ensure that the system is available to receive
  BDG messages for these extended hours

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Suspension of Share
When a share has a trading halt applied - -
trading halted on share - all orders on book
are retained - if trading halt on the stock
is restored intraday, we will go into 10
minute opening auction. When a share is
suspended - - trading is halted on share -
all orders on book deleted - if stock is
restored intraday, we will go into 25 minute
opening auction, where orders can be
re-entered (if required).
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Agenda

• Timeline
• Accreditation
• Customer Testing
• Customer Testing Documents
• LCON
• Functional Design Considerations
• Dress Rehearsals
• System Decommissioning

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Deployment Timeline
LCON 1
LCON 2
LCON 3
DR 1
DR 2
DR 3 (CONT)
GO LIVE
JSE LSE Internal DR
Sat2 Mar
Sat16 Mar
Sat30 Mar
Sat Sun13-14 Apr
Sat Sun27-28 Apr
Sat Sun4-5 May
13 May
Sat6 Apr
Legend
LCON Live Connectivity Testing DR Dress
Rehearsal CONT Contingency ASR Alternate Site
Recovery (LSE)
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Key Deployment Messages
LIVE CONNECTIVITY TESTS (LCONs)
DRESS REHEARSALS (DRs)
GO LIVE

• Mandatory for all member, vendor and
  institutional firms
• A prerequisite for taking part in Dress
  Rehearsals
• Will take place on Saturdays, from 12h00 till
  18h00 (SA time)
• Will be supported by Customer Test Analysts at
  the LSE, and by the JSE Help Desk
• JSE users will be scheduled to LCON slots
• A simple scripted test will be conducted no
  order entry will be executed

• Mandatory for all member, vendor and
  institutional firms
• A prerequisite for Go Live on 13/20 May
• Will take place on Saturdays, from 12h00 till
  18h00, and on Sundays from 08h00 till 12h00 (SA
  time)
• Will be supported by Customer Test Analysts at
  the LSE, and by the JSE Help Desk
• If the 3rd Dress Rehearsal is deemed necessary,
  this will also be compulsory for all participants
• LSE and JSE production systems will be used
  changes applied will be rolled back after the
  DRs, in readiness for trading as per usual on the
  Monday mornings

• Only participants who have met the necessary
  criteria will be taken live
• No processing will be allowed on the Go Live
  weekend, as this will be in the final production
  service and will not be rolled back

To be confirmed
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Additional Messages

• JSE will use Go / No Go checklists to give the
  green light for DRs and Go Live
• More information regarding the state of the
  reference data during LCONs and DRs will be
  provided later, currently being confirmed
• All participants should take a full reference
  data download (which BDG) on the morning of Go
  Live to ensure they have the latest reference
  data
• Cancellation of Trades on 10 May will need to
  have the 20 minute rule strictly applied, as we
  need final closing prices as soon as possible
• Big bang implementation

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Agenda

• Timeline
• Accreditation
• Customer Testing
• Customer Testing Documents
• LCON
• Functional Design Considerations
• Dress Rehearsals
• System Decommissioning

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Decommissioning Systems

• The following systems will be decommissioned
• JET
• JET API
• Tricklefeed
• ECH
• JETfeed
• Dealing
• All reports related to these systems are being
  decommissioned

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Key Actions and Dates