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Technology update
The GMC system, which currently carries out the penalty query management, will be replaced.
Trading Data Portal (TRDP) Technology Update
The penalty query for excess messages will be carried out through a more robust and user-friendly system.
The Internet Explorer browser will be discontinued and clients will no longer be able to query penalties via GMC (Cblcnet module that accounts for and manages the orders sent by B3 clients).
Therefore, the GMC will be replaced by the Trading Data Portal (TRDP) for monitoring penalty control. With the TRDP update, the penalty query for excess messages will be carried out through a system with more robust processing capacity, ensuring data integrity and availability besides improved user experience.
Find out the benefits below.
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Product benefits
Product sophistication
The system will now display the penalties in near time.
User experience
The new system presents a layout that concentrates all the information in a single parameterizable screen according to each client’s query needs.
Transparency
More granular calculation levels provide clients with a more complete and detailed view of queries.
Further details about the update.
Message Control Policy, calculation methodology and useful
In accordance with Circular Letter 050-2013/DP, the Message Control Policy for the BM&F and BOVESPA segments will account for registered, modified and canceled orders. The control will be exercised by the account informed in the message and, in its absence, the messages and trades will be assigned on behalf of the responsible brokerage house.
For each account and each asset or contract, the penalty for excess messages sent, if any, will be calculated as follows:
Value of the monthly penalty = maximum between A and B, if the value is positive, where:
A = {Number of messages sent in the period – Na x Number of trades carried out in the period – F} x C.
B = {number of messages sent in the period – Nb x Volume traded in the period – F} x C.
C = 0.01 for equities and futures and 0.001 for options.
E-mail: [email protected]
Phone: +55 11 2565-5181
Timeline
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01/27/2023
Start of parallel production
TRDP available for market tests
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01/27/2023
Other
TRDP available for market tests
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02/28/2023
Go-live
Available to the market
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02/28/2023
End of parallel production
End of parallel production
Technical details
Catalog changes
No catalog changes
Main systems
TRDP
Main related functions
No functions impacted
Certification roadmap
No impact
What is the Sinacor version?
No impact
