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Concurrency
Reduces message concurrency ensuring faster trade execution.
Purge Gateway
New Service for Mass Order Cancel
New Service for Mass Order Cancel
The implementation of a dedicated gateway for mass order cancel, combined with the 'Cancel on Behalf' functionality on B3’s trading platform, represents a significant improvement in the investor's ability and experience when canceling orders from multiple sessions, as long as they are from the same brokerage houses.
Additionally, this dedicated gateway for mass order cancel will not process orders, order changes and individual cancelation of orders.
Read more below.
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Product benefits
Expanded flexibility
Reinforces flexibility for mass order cancel regardless of the origin of the order, providing greater adaptability to market conditions.
Enhanced user experience
Improves user experience in an adaptive and dynamic trading environment.
Learn how Purge Gateway will work
More details about the solution
In the Purge Gateway functionality, dedicated gateways will be created for Mass Cancel on Behalf, allowing investors to use this functionality. Mass Cancel on Behalf will allow a trading session allocated to Purge the Gateway to cancel orders entered via other sessions, as long as all sessions are from the same investor. This order cancel will be carried out through the Mass Cancel on Behalf functionality using the InvestorID filter in your message.
Additionally, Purge Gateway will only be available for the binary Entrypoint protocol.
Purge Gateway sessions will be available on CSNET from the following dates: Certification: March 18, 2024 and Production: After approval from the regulatory body.
Download the Certification roadmap here.
Timeline
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03/11/2024
Start of Certification
Start of Certification
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07/22/2024
Start of go-live rollout
Go Live - Derivatives
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08/05/2024
Go-live
Go Live - Equities
Technical details
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Catalog changes
No catalog changes
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Main systems
Gateway
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Main related functions
No functions impacted
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Certification roadmap
Optional and available
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What is the Sinacor version?
No impact
