PRODUCT RELEASE – 27.11.2020
November 18, 2020
We have the following features due for release on the 27th November 2020 at 1700 UK Local time.
The release includes 9 system improvements, 7 MiFIR validation improvements, 2 new MiFIR MI, 1 MIFIR MI improvement and various new Portal GUI functionalities and enhancements.
For features which are configurable (TR Accuracy MI report and validations etc), you will be able to log into your management portal and turn them off if you do not wish to see the functionality.
|New TRAC Version Required||No|
If “New TRAC Version Required” = Yes, then all users will be required to download the latest version of TRAC. Current versions of TRAC will no longer work following release date. To download the latest version of the tool, access your portal then navigate to download and locate the TRAC client executable.
If “New TRAC Version Required” = No, then this update will not require any action from users of TR Accuracy or TR Completeness. All changes will automatically be applied to your solution from the release date.
|Issue key||Issue Id||Summary||Fix Version/s||Description||Due date|
|DEV-1022||13255||FCA Extract Normalisation – v1.7 (19)||TRAC_271120||Updated Control Now FCA XML normalisation services to:
1) Accept XML Repeatable values.
2) Add “+” or “-” signs to the Underlying instrument name and code fields for Swaps. For swap in (buys) the fields will start with “+” and vice versa
|DEV-1027||13219||TVTIC MI||TRAC_271120||New MiFIR MI which will allow firms to spot check the TVTICs which are being reported in their data.
TVTICs are usually provided to the reporting firm by the venue, so firms can use this MI to review and spot check the information being provided by the venue.
|DEV-995||13203||MiFIR MI – Counterparty Analysis – Ignore Cancellations||TRAC_271120||We have updated the MI report for counterparty analysis to ignore cancellations, as cancellations show a blank buyer/seller in the extract from the FCA.||27/11/2020|
|DEV-994||13201||M18/M25 – Repeated values bug fix||TRAC_271120||We have updated the validations for unexpected buyer (M18)/sellers (M25). It was previously flagging where expected counterparties were populated but repeated.
|DEV-993||13200||Branch Reference Data Validations – Logic Update||TRAC_271120||Updated validations referencing the “Branch” reference data. Previously the following validations used to check the branch reported was included in the branch reference data.
These validation have been updated so they also check then home member state (where the investment firms HQ is registered).
M4: “Buyer counter of branch – Not Recognised”
|DEV-976||13173||TRC (core) – new record level report: Unidentified cases||TRAC_271120||Introduced a new data field in TRC Summary report – showing number of raw data entries which did not fall into any of the Cases defined in the logic.||27/11/2020|
|DEV-888||13026||TRA and TRC Output and Reference Data selection box||TRAC_271120||Enable a more user friendly file and folder selection process. Client can not select the folder location they wish to output TR Accuracy and Completeness reports to via a folder selection folder explorer window. Client are also able to see and select the reference data files required via a file explorer window.||27/11/2020|
|DEV-883||12999||TRA Operational Error Messages||TRAC_271120||Error logging for TR Accuracy improved. All reference data files now undergo additional validations on ingestion. TRA will provide feedback if the file doesn’t meet the required format.||27/11/2020|
|DEV-882||12986||Portal validations comments count and impact||TRAC_271120||Portal: amended the Portal configuration to properly register changes related to Impact and Comments for validations.||27/11/2020|
|DEV-835||12892||TRA – Create a File level summary feature on the Report Summary sheet||TRAC_271120||Control Now services now produce an additional table displaying the TR Accuracy summary results per file. This functionality is automatically activated and applied when Control Now client runs multiple files in one run.||27/11/2020|
|DEV-800||12808||Search added to portal||TRAC_271120||Search bar added to validations page.||27/11/2020|
|DEV-798||12800||TRC Standard – error handling service||TRAC_271120||Control Now added an additional feature to their Completeness solution which will enable clients to see their completes error log in an additional sheet in the summary report. The feature improves clients ability to monitor and identify breaks cause due to missing static data.||27/11/2020|
|DEV-796||12796||Portal SideBar Menu||TRAC_271120||Control Now have updated the side bar structure in their web portal.||27/11/2020|
|DEV-588||12567||Update to current ref data: DM ID||TRAC_271120||Control Now have updated the DM ID reference data supplied by clients to the TR Accuracy solution. The reference data is used to validate the identifiers reported in the execution and investment decision maker fields.
An additional column has been added to file called “name” which allows users to add a name which is used in MI reports.
The new field is optional, so if it is provided, TR Accuracy will use the information to enhance MI reports. If the column is added to the reference data but not populated, the solution will still work.
Additionally, clients are not required to make any changes to their reporting solutions if they do not want. TR Accuracy will still accept the old file format.
|DEV-587||12566||New MiFIR MI: “125k Permission: Matched Principal reported as 2 x deal”||TRAC_271120||New MI to help firms where they execute 2 x deal transactions for a matched principal execution.
The MI can be used to monitor that both legs have been reported with identical information (Time, quantities, products, etc).
|DEV-569||12527||Make Global Reference Data In GUI client facing||TRAC_271120||Global reference data used for validations has been added to the Portal section: ˜Resource’s” for the users to view and download.||27/11/2020|
|DEV-421||12300||Portal – Usage reporting report – add percentage of errors column & new template||TRAC_271120||Added rates of identified inaccuracies to the usage reports.||27/11/2020|
|DEV-419||12298||Automatic usage reporting configuration||TRAC_271120||Added ability to scheduling the daily, weekly and monthly reports according to user’s preference.||27/11/2020|
|DEV-183||11584||Make Password Strict||TRAC_271120||Enhanced password security requirements for new users.||27/11/2020|
Control Now, founded in 2017, is a provider of transaction reporting assurance software tools to empower market participants to perform oversight of their regulatory reporting processes.