Mock Trading Session | PUMA Trading System - Dec/07

To assist participants in planning changes and implementations, a mock trading session of the PUMA Trading System will be held on December 7th, 2024, with market participation.
In this session, the following system and infrastructure changes will be validated:

•    Matching Engine Update - New Implied Functionality
The new Implied IN functionality will be activated in the production environment, which will cover the DI and DAP market.
This functionality will allow the interaction of offers from the individual books of a product (outrights) with offers from the structured operations books (EDS) of the same product.
The Implied IN functionality will be available, which consists of generating synthetic offers (offers that replicate the effects of an offer) in the EDS books from two offers in the outrights books, for the DV01 Neutral Structured Operations of DI1 (DII) and DAP (DAI).
The implementation will follow the plan below:

•    LiNe Clearing Update – New RMKTN metric
Activation of the new RMKTN Risk metric (Market Risk for Businesses) in the production environment, in a single wave.
It allows controlling, in an aggregated manner, the increase in risk generated by the portfolio's opening set of businesses and transactions carried out throughout the day, compared to the risk at the opening.

1.    Mock trading session timetable:

2.    Morning test of the electronic trading system:
It is mandatory for all the firms to participate in the morning test, which will be held on December 9th, 2024 (Monday), from 7:00 a.m. to 7:45 a.m. for the derivatives market and from 7:00 a.m. to 8:00 a.m. for the equities market in both production environments.

3.    Participation confirmation:
The activities to be performed during the test can be found in the mandatory script. Market data for these instruments will be sent during the mock trading session.

Participation in the mock trading session must be confirmed no later than 12 noon on December 6th, 2024 (Friday), exclusively by email at [email protected] with “Mock trading session” in the subject line, identifying the institution, naming the individuals who will participate and supplying their contact details (telephone numbers and email addresses).

In response to this confirmation, the participant will receive the mandatory test script and must fill it out and send it to the above email address.

Please note that mock trading session participants must adjust their internal systems so that the results of the mock trading session are completely segregated from real trading sessions.
Further information can be obtained from B3 Services – Trading, by telephone on +55 11 2565-5021/5022.