TRADEcho Web Portal User Guide for Clients - 3.7.6-RevA January 21, 2021

TRADEcho Web Portal User
Guide for Clients
3.7.6-RevA January 21, 2021

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 © Copyright 2020 London Stock Exchange plc. All
 rights reserved.
 No part of this document may be reproduced,
 copied, published, transmitted, or sold in any form
 or by any means without the expressed written
 permission of London Stock Exchange plc.
 London Stock Exchange and London Stock
 Exchange coat of arms device are trademarks of
 London Stock Exchange plc.
 Other product or company names mentioned
 herein may be the trademarks of their respective
 owners.

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TABLE OF CONTENTS
1 General features .............................................................................................................................. 5
1.1 User preferences .......................................................................................................................................................... 5
 1.1.1 Password settings ........................................................................................................................................................ 5
1.2 Searching for, filtering, and sorting data ................................................................................................... 6
 1.2.1 Searching for data ........................................................................................................................................................ 6
 1.2.2 Filtering data .................................................................................................................................................................... 7
 1.2.3 Sorting data ....................................................................................................................................................................... 7
1.3 Exporting data to a .csv file................................................................................................................................... 7
1.4 Save column layout .................................................................................................................................................... 7

2 Trade reporting ................................................................................................................................ 9
2.1 Managing trade reports ...........................................................................................................................................9
 2.1.1 Entering trade reports ............................................................................................................................................... 9
 2.1.2 Amending trade reports ......................................................................................................................................... 10
 2.1.3 Canceling trade reports........................................................................................................................................... 11
 2.1.4 Releasing deferred trade reports ..................................................................................................................... 11
 2.1.5 Trade report settings ................................................................................................................................................ 12
2.2 Viewing trade reports ............................................................................................................................................ 15
 2.2.1 Searching for trade reports .................................................................................................................................. 15
 2.2.2 Viewing trade report details ................................................................................................................................ 15
 2.2.3 Viewing trade report states ................................................................................................................................. 17
2.3 Validation rules.............................................................................................................................................................17
 2.3.1 Trade price validation .............................................................................................................................................. 17
 2.3.2 Trade quantity validation ....................................................................................................................................... 17

3 Quoting............................................................................................................................................... 19
3.1 Managing quotes ....................................................................................................................................................... 19
 3.1.1 Entering quotes ............................................................................................................................................................ 19
 3.1.2 Amending quotes ...................................................................................................................................................... 20
 3.1.3 Canceling quotes ....................................................................................................................................................... 20
 3.1.4 Suspending quoting on instruments ............................................................................................................. 21
 3.1.5 Releasing suspension on quoting on instruments .............................................................................. 21
3.2 Viewing quotes ........................................................................................................................................................... 22
 3.2.1 Searching for quotes ................................................................................................................................................ 22
 3.2.2 Viewing quote depth ................................................................................................................................................ 22

4 Smart Report Router (SRR)........................................................................................................23
4.1 Managing SRR trade reports ............................................................................................................................ 23
 4.1.1 Uploading SRR trade reports.............................................................................................................................. 23
 4.1.2 Amending SRR trade reports.............................................................................................................................. 23
 4.1.3 Canceling SRR trade reports ................................................................................................................................ 5
4.2 Viewing SRR trade reports ................................................................................................................................. 24
 4.2.1 Searching for SRR trade reports.......................................................................................................................24
4.3 SRR replay ....................................................................................................................................................................... 24
4.4 SRR rules .......................................................................................................................................................................... 25
 4.4.1 Accepting the default rules set ........................................................................................................................25
 4.4.2 Amending the SRR rules set ...............................................................................................................................25
4.5 SRR APA preference ............................................................................................................................................... 27
 4.5.1 Viewing SRR APA preference ........................................................................................................................... 28

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 4.5.2 Editing APA preference ......................................................................................................................................... 28
 4.5.3 Viewing APA login settings ................................................................................................................................. 28
 4.5.4 Editing APA login settings.................................................................................................................................... 28

5 Statistics and reports .................................................................................................................. 30
5.1 Report subscription management ...............................................................................................................30
 5.1.1 Adding report subscriptions ............................................................................................................................... 30
 5.1.2 Removing report subscriptions ........................................................................................................................ 30
 5.1.3 Viewing report subscription details .............................................................................................................. 30
 5.1.4 Available report types ............................................................................................................................................. 31
 5.1.5 Requesting past date reports............................................................................................................................. 31
5.2 Viewing the act on behalf log ......................................................................................................................... 32
5.3 Message inbox............................................................................................................................................................. 33

6 Administration ................................................................................................................................34
6.1 Member management .......................................................................................................................................... 34
 6.1.1 Editing member settings .......................................................................................................................................34
 6.1.2 Member settings .........................................................................................................................................................34
6.2 User management.................................................................................................................................................... 35
 6.2.1 Adding users for a member.................................................................................................................................35
 6.2.2 Editing user information ........................................................................................................................................ 36
 6.2.3 Disabling users .............................................................................................................................................................37
 6.2.4 Enabling users...............................................................................................................................................................37
 6.2.5 Changing passwords for users ..........................................................................................................................37
 6.2.6 Viewing user details ................................................................................................................................................. 38
 6.2.7 Removing users (INTERNAL ADMIN USERS ONLY?) ....................................................................... 39
 6.2.8 User settings ................................................................................................................................................................. 40
6.3 Access groups ............................................................................................................................................................. 41

7 Reference data .............................................................................................................................. 44
7.1 Instruments .................................................................................................................................................................... 44
 7.1.1 Viewing instrument details.................................................................................................................................. 44
 7.1.2 Suspending quoting on instruments ............................................................................................................ 46
 7.1.3 Releasing quoting on instruments ................................................................................................................. 46
7.2 Delay models................................................................................................................................................................46
 7.2.1 Delay models................................................................................................................................................................ 46
 7.2.2 Supplementary deferral models ......................................................................................................................47
 7.2.3 Supplementary deferral regimes ....................................................................................................................47
7.3 Schedules........................................................................................................................................................................48
 7.3.1 Schedule states .......................................................................................................................................................... 48
 7.3.2 On exchange holidays and on exchange half days ........................................................................... 49
 7.3.3 Deferral schedules.................................................................................................................................................... 49
7.4 Currencies .......................................................................................................................................................................49
7.5 FX rates ............................................................................................................................................................................. 50
7.6 Countries ......................................................................................................................................................................... 50
7.7 Sectors .............................................................................................................................................................................. 50
7.8 Segments........................................................................................................................................................................ 50
7.9 Trading Venues MICs ............................................................................................................................................ 50

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1 General features
 Some features of TRADEcho Trade Reporting System can be performed from
 most pages. These features include managing own user preferences, changing
 own user password, general search functionality, and exporting data to a .csv
 file.

1.1 User preferences
 You can manage your own user preferences, such as changing your name,
 email address, and phone number. You can also change the password you use
 to log in to TRADEcho.
 TO EDIT USER DETAILS
 1. On the top menu, do one of the following:
 o Click on your user name.
 o Next to your user name, click the menu button ( ) and click
 Preferences.
 The User Details page appears.
 2. Click Edit and make your changes.
 3. Click Save.
 TO CHANGE PASSWORD
 1. On the top menu, do one of the following:
 o Click on your user name.
 o Next to your user name, click the menu button ( ) and click
 Preferences.
 The User Details page appears.
 2. Click Change password.
 3. Type your old password and a new password. For more information, see
 Password settings on page 5.
 4. Click Submit.

 1.1.1 Password settings
 Description Value

 Minimum password length 8
 Maximum password length 14
 Minimum number of numeric characters 1
 Minimum number of letters (A-Z or a-z) 1
 Minimum number of special characters 1
 Allowed special characters !"#$%&'()*+,-./:;?@[\]^_`{|}~
 Number of calendar days that a password is valid 60
 Number of days before a password is set to 5
 expired that the system notifies the user
 Number of password changes before the same 5
 password can be reused
 Number of failed logon attempts before a user is 5
 locked

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1.2 Searching for, filtering, and sorting data
 In most pages, data are displayed in tables. You can search for, filter, and sort
 data displayed in the tables.

 1.2.1 Searching for data
 You can search for data by providing search attributes. The process for
 searching is similar for all pages, but the search parameters that are available
 may vary. You can find the search section at the top of a page.
 The user may input values into the type-ahead fields either by typing with the
 keyboard or by pasting from the clipboard.
 Multiple values must be separated with a comma (,). The drop-down list is not
 displayed in case of pasting multiple comma separated values at once.
 The * wild card allows users to replace a string of any length and it is only
 supported for Firm Trade ID filter.

 Search field Instrument ID

 Search criteria are:
 o Instrument ID
 o ISIN
 o Instrument Name
 The user can:
 o Type or paste single or multiple comma separated Instrument IDs
 o Manual input of comma separated ISIN codes (which are converted to
 an Instrument ID after selecting it)
 o Manual input of comma separated Instrument Names (which are
 converted to an Instrument ID after selecting it)
 The application converts any input of ISIN or Instrument Name into a valid
 Instrument ID.

 Search field ISIN
 Search criteria is:
 o ISIN
 The user can:
 o Type or paste single or multiple comma separated ISIN codes

 TO SEARCH FOR DATA
 Note: To include all available data in the search, go to step 2 in the instruction below.
 This is not applicable when mandatory search criteria are required.
 1. On any page containing a search panel, do one or a combination of the
 following:
 o Type your search term in the available standard search field.
 o Click Add filter and select a parameter. Type your search term in the
 search field that appears.
 2. Click Search.

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 A search for data is performed, and the results are presented in a table.

 1.2.2 Filtering data
 You can decide which columns to display in a table.
 TO DECIDE WHICH DATA SHOULD BE VISIBLE
 1. On any page containing data in a table, click the table menu button ( ).
 2. Select or deselect the column you want to change visibility on by clicking it.
 The filtering will not affect exporting of data.

 1.2.3 Sorting data
 You can sort tables by column, in ascending or descending order. You can
 rearrange the order in which the columns are presented by dragging and
 dropping the column heading.
 TO SORT DATA
  In ascending order, click the column heading so that the symbol is
 displayed.
  In descending order, click the column heading so that the symbol is
 displayed.
  In default order, click the column heading so that neither the nor
 symbol is displayed.

1.3 Exporting data to a .csv file
 Table data can be exported to a .csv (comma separated value) file to be
 modified in, for example, Excel. You can export all table data, or just selected
 data.
 TO EXPORT ALL TABLE DATA TO A .CSV FILE
  On any page containing data in a table, click Export.
 Note: On some pages you may have to search for data first. For more information,
 see Searching for data on page 6.

 The .csv file is downloaded and can be viewed in, for example, Excel.
 TO EXPORT SELECTED DATA TO A .CSV FILE
 1. On any page containing data in a table, select one or more rows by
 selecting the check box next to a row.
 2. Click Export Selected.
 Note: On some pages you may have to search for data first. For more information,
 see Searching for data on page 6.

 The selected rows are downloaded as a .csv file, and can be viewed in, for
 example, Excel

1.4 Save column layout
 A table view has a number of default columns for displaying data. You can
 select and re-order columns to personalize the table view. If you have a saved
 layout, this will be used when you open that page.

 TO SAVE A TABLE LAYOUT
 On any page containing data in a table, select Save Layout in the top menu. If
 you have saved a layout, this layout will be used next time you visit that page.

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TO LOAD DEFAULT LAYOUT
If you want to return to the default layout, select Load Default Layout in the top
menu.

TO LOAD SAVED LAYOUT
If you want to return to the saved layout, select Load Saved Layout in the top
menu.

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2 Trade reporting
 Trade reporting is handled from the pages under TRADE REPORTS on the side
 menu.
 You can enter, amend, and cancel trade reports from the web portal and see
 your recent, deferred, and rejected trade reports. You can also search for trade
 reports reported by your own member, or reported on behalf of you by another
 client if your member supports assisted reporting.

2.1 Managing trade reports
 Trade reports can be entered, canceled, and amended from the TRADEcho
 web portal. Deferred trade reports can also be released.
 Note: On an on exchange holiday, no on-exchange trade reports may be submitted,
 amended, canceled, or released. Trade reports cannot be deferred to an on
 exchange holiday, they will instead be deferred to the following business day. For
 more information, see Schedules on page 48

 2.1.1 Entering trade reports
 Both single-sided and double-sided trade reports can be entered from the
 TRADEcho web portal. You can also upload trade reports from a .csv file. The
 file may not have more than 500 rows.
 TO ENTER A TRADE REPORT
 1. Do one of the following:
 o On the side menu, under TRADE REPORTS, click Enter Report.
 o On the top menu, click Enter Trade Report.
 The Enter Trade Report window opens.

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2. Enter appropriate values. For details, see Trade report settings on page 12.
3. Click Send.
TO UPLOAD A TRADE REPORT .CSV FILE
1. On the side menu, under TRADE REPORTS, click Upload Reports.
2. Click Select file... and browse to a .csv file containing trade reports to be
 uploaded.
3. Click Upload.

The Search page for trade reports is opened, showing the uploaded trade
reports.

 2.1.2 Amending trade reports
If any of the attributes of an entered trade report was reported incorrectly, an
amendment of the trade report can be made. If the amendment is made one
business day or more after the original trade report is submitted it is regarded
as a late amendment.

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TO AMEND A TRADE REPORT
1. On the Overview page for trade reports, on any table with trade reports,
 click the menu button ( ) of the trade report you want to amend.
2. Click Amend report. The Enter trade report window opens.
3. Make the corrections to the trade report.
4. Click Send.

Alternatively:
On the Search page for trade reports (see Instruments on page 15), on table with
trade reports, select the check box to the left of a row and click Amend report..

 2.1.3 Canceling trade reports
A trade report can be canceled from the TRADEcho web portal. The
cancellation will be flagged as late if the trade report already has been
published prior to the current trading day.
TO CANCEL A TRADE REPORT
1. On the Overview page for trade reports, on any table with trade reports,
 click the menu button ( ) of the trade report you want to cancel.
2. Click Cancel report. A confirmation window appears.
3. Type a comment (optional).
4. Click Yes.

The trade report is canceled and the Cancel Trade Report is published if
required.
Alternatively:
On the Search page for trade reports (see Instruments on page 1515), on table
with trade reports, select the check box to the left of a row and click Cancel
report..

 2.1.4 Releasing deferred trade reports
You can choose to override the deferral time to immediately publish a deferred
trade report.
TO RELEASE A DEFERRED TRADE REPORT
1. On the Overview page for trade reports, on the Deferred Trade Reports table,
 click the menu button ( ) of the deferred trade report you want to release.
2. Click Release report. A confirmation window appears.
3. Type a comment (optional).
4. Click Yes.

The trade report is immediately published by the system.
Alternatively:
On the Search page for trade reports (see Instruments on page 15), on table with
trade reports, select the check box to the left of a row and click Release
deferral..

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 2.1.5 Trade report settings
Field Description

Reporting Flow The reporting flow. Valid values:
  APA—OTC—Default
  APA—SI
  Off-Book On-Exchange
  Venue—MTF
  Venue—OTF
Firm Trade ID The ID assigned to a trade by the Firm to track a trade
 within the Firm system. This ID can be assigned either
 before or after submission to the exchange or central
 counterparty.
Pending Price Select to indicate that the price is pending. If selected,
 Publication Action Manual Deferral is not allowed.
Price Notation Valid values:
  Monetary (Per Unit)—Default
  Percentage
  Basis Points
  Yield
Reporting Capacity The capacity in which the transaction was executed. Valid
 values:
  Deal (Principal)
  Deal (Riskless Principal)
  MTCH (Cross as Principal)
  AOTC (Agent)
  AOTC (Cross as Agent)
Counterparty LEI The counterparty’s Legal Entity Identifier. Available under
 additional party attributes for APA—OTC and APA—SI
 reporting flow.
Venue Of Execution Available if Reporting Flow is Venue—MTF or Venue—
 OTF.
 Four character MIC code for the venue of execution.
Market Mechanism Available if Reporting Flow is Venue—MTF or Venue—
 OTF.
 The market mechanism that has facilitated the trade
 (MMT Level 1). Valid values:
  Central Limit Order Book
  Quote driven market
  Dark order book
  Off Book
  Periodic Auction
  Request for Quotes
  Hybrid Market

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On Book Trading Mode Available if Reporting Flow is Venue—MTF or Venue—
 OTF.
 Valid values:
  Undefined Auction
  Scheduled Opening Auction
  Scheduled Closing Auction
  Scheduled Intraday Auction
  Unscheduled Auction
  Continuous Trading
  At Market Close Trading
  Out of Main Session Trading
Negotiated Trade Select if the trade is negotiated.
Package Trade Package ID, Trade Number and Total Number of Trades
 required for package trades.
Intend To Clear Available if selected instrument is non-equity.
 Select if intend to clear.
Dark Trade Available if Reporting Flow is Venue—MTF or Venue—
 OTF.
 Select if the trade is a dark trade.
Publication Action Publication options:
  System Deferral—Select this option to let the system
 logic decide which deferral rule applies.
  Manual Deferral—Select this option to manually defer
 the trade report to a selected deferral date and
 deferral time. If the system is closed at the entered
 deferral date, the trade report will be published the
 next opening day.
  Publish Immediately—Select this option to publish
 the trade report immediately.
  Do not publish—Select this option if you do not want
 the trade report to be published.

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MMT Flags Market Model Typology (MMT) flags. You can select
 more than one. Valid values:
  ACTX—Agency Cross Trade
  BENC—Benchmark Trade
  DUPL—Duplicative Trade Report
  NLIQ—Negotiated Trade in Liquid Financial
 Instruments
  NPFT—Non-Price Forming Trade
  OILQ—Negotiated Trade in Illiquid Financial
 Instruments
  PRIC—Negotiated Trade Subject to Conditions Other
 Than the Current Market Price
  RFPT—Reference Price Trade
  RPRI—Price Improvement
  SDIV—Special Dividend Trade
  TNCP—Trade not Contributing to the Price Discovery
 Process
  ALGO—Algorithmic Trade
  Pre-trade ILQD—Pre-trade Transparency Waiver for
 Illiquid Instrument on an SI (Equities and Equity likes
 only)
  Pre-trade SIZE—Pre-trade Transparency Waiver for
 Above Standard Market Size on an SI (Equities and
 Equity likes only)
  Deferral Reason ILQD—Publication Deferral for
 Illiquid Instrument
  Deferral Reason LRGS—Publication Deferral for Large
 In Scale
  Deferral Reason SIZE—Publication Deferral for Size
 Specific
Supplementary Deferral The supplementary deferral regime. Valid values:
Regime  None—Default
  DATF/FULA
  FWAF/FULJ
  IDAF
  LMTF/FULF
  VOLO/FULV
  VOLW/COAF
  Extended DATF
Flags You can flag the trade report to let the system know that
 certain rules should apply. You can select the following
 flags:
  Price And Quantity Reviewed—Select this option to
 override the price and quantity validations. For more
 information on validations, see Validation rules on
 page 17.
  Publish as Assisted Report—Available when
 Reporting Flow is APA—OTC or APA—SI. Select this
 option if the reported trade is an assisted report.
  Apply Supplementary Deferral—Specifies if
 supplementary deferral should be applied to the
 trade report. Default is yes.
Target APA Select publication venue by setting Target APA to ECHO
 for the UK APA, or to ECEU for the EU APA.

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2.2 Viewing trade reports
 From the Overview page for trade reports you can view your recent trade
 reports reported from the GUI. You can also see deferred and rejected trade
 reports, reported from the GUI and from FIX, for your access group. The
 number of trade reports made by your member today and yesterday, and the
 top reported instruments for your member can also be viewed. From the Search
 page for trade reports, you can search for and perform actions on trade reports.
 Users of members who allow assisted trade reporting can search and view
 trade reports published on their behalf on the Assisted Reports page.

 2.2.1 Searching for trade reports
 You can search for specific trade reports from the Search page for trade reports.
 You can also perform actions on the trade reports from this page. For details on
 what can be performed, see Managing trade reports on page 9. If your member
 allows for assisted reporting, you can search for trade reports published on
 your behalf on the Assisted Reports page.
 TO SEARCH FOR A TRADE REPORT
 1. On the Search page for trade reports, select attributes to search for. For
 more information on searching, see Searching for data on page 6.
 2. Click Search.

 If the search attributes match any trade reports, they are shown in a table.
 Select the check box to the left of a row to perform actions on the trade report.
 TO SEARCH FOR AN ASSISTED TRADE REPORT
 1. On the Assisted Reports page for trade reports, select attributes to search
 for.
 2. Click Search.

 If the search attributes match any trade reports published on your behalf, they
 are shown in a table. Only the reporting client is allowed to perform actions
 such as cancels and amendments of the trade report.

 2.2.2 Viewing trade report details
 You can view details of a trade report from the Overview page for trade reports.
 TO VIEW DETAILS OF A TRADE REPORT
 1. On the Overview page for trade reports, on any table with trade reports,
 click the menu button ( ) of the trade report you want to view the details
 of.
 2. Click View report details. A dialog box appears.

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 2.2.3 Viewing trade report states
 On the Overview page for trade reports you can view the state of your trade
 reports by looking at the symbol to the left of a trade report entry in a table.
 The following states are available:
 Symbol State

 Accepted. Has been published.

 Deferred. Has not been published.

 Deferred. Has been published with limited information.

 Canceled. Has not been published.

 Canceled. Has been published.

 Rejected. Has not been published.

 Accepted Has not been published.

 Closed A rejected Trade Report has been amended/fixed

2.3 Validation rules
 Trade reports go through different validations in TRADEcho Trade Reporting
 System before they are accepted. First, all mandatory fields must be filled in
 correctly, and the instrument reported on must not be inactive at the time of
 the report.
 The following validations are described:
  Trade price
  Trade quantity

 2.3.1 Trade price validation
 The trade price validation is a two step validation. First, the price change
 | − |
 percentage ( × 100) is compared with the allowed
 
 price change percentage ( ℎ ℎ ). If it is lower or equal to this,
 the validation is successful and the validation process continues to quantity
 validation. If it is not successful, the acceptable price deviation ( ×
 ) is calculated. If the absolute price change (| −
 |) is less than or equal to this, the validation is successful, and
 the validation process continues to quantity validation. Otherwise, the trade
 price validation fails, and the trade report is rejected.
 Note: You can manually override the price and quantity validations by selecting the
 Price And Quantity Reviewed flag on the Enter Trade Report form.

 2.3.2 Trade quantity validation
 The trade quantity validation compares the ADT on the instrument with the
 minimum ADT threshold set on the currency of the corresponding instrument.
  If the ADT on the instrument is less than or equal to the minimum ADT
 threshold set for the currency of the corresponding instrument, the quantity
 validation is successful if:
 o × is less than or equal to the
 ℎ ℎ × ℎ ℎ .

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 If the ADT on the instrument is greater than the minimum ADT threshold set
 for the currency of the corresponding instrument, the quantity validation is
 successful if:
 o × is less than or equal to the ×
 ℎ ℎ .

Otherwise, the trade quantity validation fails, and the trade report is rejected.
Note: You can manually override the price and quantity validations by selecting the
 Price And Quantity Reviewed flag on the Enter Trade Report form.

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3 Quoting
 Quoting is handled from the pages under SI QUOTES on the side menu.
 Quotes in TRADEcho Trade Reporting System exist only intraday and can be
 one side quotes, double side quotes (from the web portal only), quotes with
 depth, or quotes for multiple instruments (from FIX only).
 From the web portal, you can enter quotes, amend quotes, cancel quotes, and
 suspend or release suspension on quotable instruments.

3.1 Managing quotes
 Quotes can be entered, canceled, and amended from the TRADEcho web
 portal. Quoting on instruments can also be suspended.

 3.1.1 Entering quotes
 Quotes can be entered either one-sided (bid or ask) or double sided (bid and
 ask) from the TRADEcho web portal. Quoting for multiple instruments can be
 entered through FIX (see the FIX specification for details).
 TO ENTER A QUOTE
 1. Do one of the following:
 o On the side menu, under SI QUOTES, click Enter Quotes.
 o On the top menu, click Enter Quote.
 The Enter Quotes window opens.

 2. Enter appropriate values. To enter a quote with depth, click ..
 3. Click Send.

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The quote is entered in the system. For common reject reasons, see Common
reject reasons on page 20.

Common reject reasons
The most common reasons for a quote to be rejected is either that the
instrument quoted on is suspended (see Instruments on page 4444) or that the
quote is crossing, meaning the bid price is higher than the ask price.

 3.1.2 Amending quotes
The price and size of quotes can be updated at any time during the system
opening hours.
TO AMEND A QUOTE
1. Search for the quote you want to amend, see Searching for quotes on page
 22.
2. Select the check box to the left of the row corresponding to the quote you
 want to amend.
3. Click Amend Quote. A dialog box appears.

4. Change the price and/or size.
5. Click Update.
 The status of the update is shown to the right of the row(s) in the Amend
 Quote dialog box.

The original quote is canceled and an updated quote, with a new Quote ID, is
entered in the system.

 3.1.3 Canceling quotes
Quotes can be canceled by Quote ID or by Instrument ID. You can also cancel all
quotes for all instruments.
TO CANCEL A QUOTE
1. Search for the quote you want to cancel, see Searching for quotes on page
 22.
2. Select the check box to the left of the row corresponding to the quote you
 want to cancel.
3. Click Cancel Quote. A confirmation window appears.
4. Click Cancel Quotes.
 The status of the cancel is shown to the right of the row(s) in the Cancel by
 Quote Id confirmation window and also under Status in the table showing
 the searched quotes.

The quote is canceled.
TO CANCEL ALL QUOTES FOR AN INSTRUMENT
1. Search for a quote on the instrument you want to cancel all quotes for, see
 Searching for quotes on page 22.

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2. Select the check box to the left of the row corresponding to a quote on the
 instrument you want to cancel all quotes for.
3. Click the arrow to the right of Cancel Quote, and click Cancel quotes for
 instrument. A confirmation window appears.
4. Click Cancel Quotes.
 The status of the cancel is shown to the right of the row(s) in the Cancel by
 Instrument Id confirmation window and also under Status in the table
 showing the searched quotes.

All quotes are canceled for the instrument, and cancellation messages are
published to the market.
TO CANCEL ALL QUOTES FOR ALL INSTRUMENTS
1. On the Overview page for SI quotes, click Cancel All Quotes. A confirmation
 window appears.
2. Click Cancel Quotes.

All quotes are canceled for all instruments, and cancellation messages are
published to the market.

 3.1.4 Suspending quoting on instruments
You may suspend one or several quotable instruments for your own member.
The suspension is lifted automatically at EOD.
TO SUSPEND QUOTING ON AN INSTRUMENT
1. On the Overview page for SI quotes, on the Instrument Watchlist for Active
 quotes per instrument, click an instrument in the table.
2. Click Suspend Instrument. A confirmation window appears.
3. Click Yes.

The instrument is suspended for quoting for your own member. The suspended
instrument can be found on the Overview page for SI quotes under Suspended
instruments.

 3.1.5 Releasing suspension on quoting on instruments
You can release the suspension on quoting on instruments so that quotes for
that instrument can be entered again.
TO RELEASE SUSPENSION ON QUOTING ON AN INSTRUMENT
1. On the Overview page for SI quotes, on the Instrument Watchlist for
 Suspended instruments, click on a suspended instrument in the table.
2. Click Release Instrument. A confirmation window appears.
3. Click Yes.

The suspension on quoting on the instrument is lifted, and quoting on the
instrument is allowed for your member.
Alternatively:
On the Instruments page (see Instruments on page 44), search for instruments.
On table with instruments, select the check box to the left of a row and click
Suspend Instrument.

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3.2 Viewing quotes
 From the Overview page for SI quotes, you can view active quotes with best bid
 and ask prices per instrument and suspended instrument that are not valid for
 quoting. The table shows 25 entries, with the possibility to filter by instrument.
 From the Overview page for SI quotes, you can also suspend quoting on
 instruments and cancel all quotes. For more information, see Managing quotes
 on page 19. You can also view a graph of the total number of quotes for your
 member today versus yesterday.
 On the Search page for SI quotes, you can search for quotes and perform
 amendments and cancels on quotes.

 3.2.1 Searching for quotes
 You can search for quotes from the Search page for SI quotes. From here you
 can amend or cancel a specific quote. For more information on how this is
 performed, see Amending quotes on page 20 and Canceling quotes on page
 20.
 TO SEARCH FOR A QUOTE
 1. On the Search page for SI quotes, select attributes to search for. For more
 information on searching, see Searching for data on page 6.
 2. Click Search.

 If the search attributes match any quotes, they are shown in a table. Select the
 check box to the left of a row to perform actions on the quote.

 3.2.2 Viewing quote depth
 You can view quote depth on the Overview page for SI quotes.
 TO VIEW QUOTE DEPTH
  On the Overview page for SI quotes, on the Instrument Watchlist for Active
 quotes per instrument, click an instrument in the table.

 The quote depth is displayed in the Quotes widget.

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4 Smart Report Router (SRR)
 Note: SRR functionality is only applicable for SRR eligible members of TRADEcho.

 The SRR is a service where firms can drop-copy their trades to a repository,
 where configurable rules (see SRR rules on page 2525) determine if the trade
 needs to be reported by the firm, in which case the trade gets reported to an
 APA. The APA preference is set per sub asset class, for more information see
 Viewing SRR APA preference on page 2728. As an SRR Rules Administrator, you
 can set the preferred APA, see Editing APA preference on page 2728.
 As a user of an SRR eligible member, you can upload SRR trade reports through
 a .csv file and view trade reports reported through the SRR service from the
 TRADEcho web portal. You can also view the current active rules set and as an
 SRR Rules Administrator, you can accept and amend rules (for more information,
 see SRR rules on page 25). You can use the replay functionality to amend trade
 reports, using an updated rules set. For more information on the replay
 function, see SRR replay on page 24. The SRR functionality is located from the
 pages under SRR on the side menu of the TRADEcho web portal.

4.1 Managing SRR trade reports
 SRR trade reports can be uploaded, amended or canceled from the TRADEcho
 web portal.

 4.1.1 Uploading SRR trade reports
 SRR trade reports can be bulk uploaded from the TRADEcho web portal
 through a .csv file. The file may not have more than 500 rows.
 TO UPLOAD AN SRR TRADE REPORT .CSV FILE
 1. On the side menu, under SRR, click Upload SRR Reports.
 2. Click Select file... and browse to a .csv file containing SRR trade reports to be
 uploaded.
 3. Click Upload.

 The Search page for SRR trade reports is opened, showing the uploaded SRR
 trade reports.

 4.1.2 Amending SRR trade reports
 If any of the attributes of an entered trade report was reported incorrectly, an
 amendment of the trade report can be made. If the amendment is made one
 business day or more after the original trade report is submitted it is regarded
 as a late amendment.
 TO AMEND A SRR TRADE REPORT
 1. On the side menu, under SRR, click Search.
 2. Define any search criteria and click the Search button. The search result is
 displayed in the table below. page for SRR.
 3. Select the trade report you want to amend in the search result table.
 4. Click Amend report. The Update trade report window opens.
 5. Make the corrections to the trade report.
 6. Click Send.

 The original trade report is updated.

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 4.1.3 Canceling SRR trade reports
 A trade report can be canceled from the TRADEcho web portal. The
 cancellation will be flagged as late if the trade report already has been
 published prior to the current trading day.
 TO CANCEL A SRR TRADE REPORT
 1. On the side menu, under SRR, click Search.
 2. Define any search criteria and click the Search button. The search result is
 displayed in the table below. page for SRR.
 3. Select the trade report you want to cancel in the search result table.
 4. Click Cancel report. A confirmation window appears.
 5. Type a comment (optional).
 6. Click Yes.

 The SRR trade report is canceled.

4.2 Viewing SRR trade reports
 From the Overview page for SRR trade reports you can view information on your
 published and rejected SRR trade reports. You can also see statistics for your
 SRR trade reports. From the Search page for SRR trade reports, you can search
 for trade reports reported through the SRR service.

 4.2.1 Searching for SRR trade reports
 You can search for specific trade reports.
 TO SEARCH FOR AN SRR TRADE REPORT
 1. On the Search page for SRR trade reports, select attributes to search for. For
 more information on searching, see Searching for data on page 6.
 Note: You can select more attributes to filter your search. Click Add filter and select
 the attributes you want.
 2. Click Search.

 If the search attributes match any trade reports, they are shown in a table.

4.3 SRR replay
 You can apply the active set of SRR rules on historical SRR trade reports by
 performing an SRR replay. This leads to the trade reports being assessed anew,
 which may result in trade reports being sent through to the APA for publication
 or cancellation. If the replay is performed on a trade report from today, it will be
 treated as an amendment. If the trade report is from yesterday or older, it will
 be treated as a late amendment.
 TO REPLAY SRR RULES ON A TRADE REPORT
 Note: You can have a maximum of one replay in progress at any given time. A replay can
 be performed on a maximum of 1000 trade reports at a time. Rejected trade
 reports will not be replayed.
 1. Perform a search for SRR trade reports, see Searching for SRR trade reports
 on page 24.
 2. Select the check box next to the trade report(s) you want to replay SRR
 rules on.
 3. Click Replay Rules. A confirmation window appears.
 4. Click Yes.

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 A result page is shown with information about the actions taken on the trade
 report(s).

4.4 SRR rules
 SRR rules are viewed and managed on the SRR Rules page, located under SRR
 on the side menu.
 As an SRR user of TRADEcho, you can view the active SRR rules set. As a user
 with the SRR Rules Administrator user role, you can amend reporting obligation
 rules, add assisted reporting rules, and save the amendments of the entire
 rules set.

 4.4.1 Accepting the default rules set
 SRR rules must initially be accepted by an SRR Rules Administrator (see User
 settings on page 40) before the SRR service can be used to report trades. The
 rules can later be amended, see Amending the SRR rules set on page 25.
 TO ACCEPT THE DEFAULT RULES SET
 1. On the SRR Rules page, click Accept Default Rules Set. A confirmation
 window appears.
 2. Click Accept.

 4.4.2 Amending the SRR rules set
 As an SRR Rules Administrator, you can amend reporting obligation rules and
 assisted reporting rules for your member. The amended rules must be
 accepted by a second SRR Rules Administrator user.

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TO AMEND REPORTING OBLIGATIONS
1. On the SRR Rules page, click Amend Rules Set. The form becomes editable.
2. Enter appropriate values.
3. (Optional) Add assisted reporting rules, see To add an assisted reporting rule
 below.
4. Click Save amended Rules Set. A confirmation window appears.
5. Click Amend.

The amended rule will be added with Pending state. It must be accepted by
another SRR rules administrator before it will become the active SRR rules set.
TO ADD AN ASSISTED REPORTING RULE
1. On the SRR Rules page, click Amend Rules Set.
2. Click Add Assisted Reporting Rule. A form appears:

3. Enter appropriate values:
 - For Counterparty: LEI of Counterparty
 - Reporter is (Me/Ctpy): The Firm that is deemed to send the SRR Trade
 Report as an Assisted Report
 - Target APA if TOTV EEA: APA to receive the trade report if the
 Instrument is EEA TOTV (default to ECEU)
 - Target APA if TOTVUK: APA to receive the trade report if the Instrument
 is UK TOTV (default to ECHO)
 - Target APA if TOTV BOTH: APA to receive the trade report if the
 Instrument is UK and EEA TOTV (default to ECHO)
 - Asset Class(es) and Sub asset class(es): list of all valid Asset and Sub-
 asset classes that the rule should apply to
 - Valid From and Valid To: to specify a valid timeframe for the rule
4. Click Amend.
5. Click Save amended Rules Set. A confirmation window appears.
6. Click Amend.

The amended rule will be added with Pending state. It must be accepted by
another SRR rules administrator before it will become the active SRR rules set.
TO ACCEPT THE AMENDED RULES
Note: You cannot accept changes you made yourself. A second SRR Rules
 administrator needs to accept amended rules.

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 1. On the SRR Rules page, under Rules Sets, click on the rules set with state
 Pending.
 2. Click Accept Rules Set. A confirmation window appears.
 3. Click Accept.

 The amended rules become Active.
 TO REJECT THE AMENDED RULES
 1. On the SRR Rules page, under Rules Sets, click on the rules set with state
 Pending.
 2. Click Reject Rules Set. A confirmation window appears.
 3. Click Reject.

 The amended rules are rejected.

4.5 SRR APA preference
 To be able to send messages through the CBOE Europe APA or Tradeweb
 gateway, APA preferences and login settings need to be configured. The
 preferred APA settings per sub asset class and APA login settings for CBOE
 Europe APA and Tradeweb can be viewed and managed on the APA Preference
 page, located under SRR on the side menu.
 MICs for configuration:
 • ECHO – TRADEcho UK APA
 • ECEU – TRADEcho EU APA
 • BOTC – CBOE Europe APA (valid for both UK and EU)
 • TREA – Tradeweb UK APA
 • TWEA – Tradeweb EU APA

 As an SRR user of TRADEcho, you can view the preferred APA settings per sub
 asset class for your member and the login settings for CBOE Europe APA and
 Tradeweb. As a user with the SRR Rules Administrator user role, you can edit the
 preferred APA per sub asset class plus TOTV and enter APA login information.

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 4.5.1 Viewing SRR APA preference
You can view the preferred APA per sub asset class for the SRR service for your
member.
TO VIEW APA PREFERENCE
 Under SRR in the side menu, click APA Preference.

The preferred APA per sub asset class and ToTV is shown in a table on the APA
Preference tab.

 4.5.2 Editing APA preference
The APA preference is configured on a sub-asset class level and is used as a
default setting for routing trade reports to an APA.

As an SRR Rules Administrator, you can change the preferred APA per sub asset
class. For example, if all trade reports for Sovereign Bonds should be sent to
Tradeweb, you select TREA or TWEA for the sub-asset class Sovereign Bond in
the APA Preference table. This preferred APA will be used if no preferred APA is
set (using Target APA) on the trade report. If no preferred APA is set on the
trade report or on the sub asset class/TOTV, the preferred APA will be:

 INSTRUMENT ToTV DEFAULT APA
 UK ToTV only ECHO

 EEA ToTV only ECEU

 Both UK/EEA ToTV ECHO

 Neither NONE

TO EDIT AN APA PREFERENCE
1. On the APA Preference page, on the APA Preference tab, click Edit APA
 Preference. The form becomes editable.
2. Double click on a row to Edit
3. Click Save APA Preference. A confirmation window appears.
4. Click Confirm.

 4.5.3 Viewing APA login settings
You can view login settings to BATS and Tradeweb.
TO VIEW APA LOGIN SETTINGS
1. Under SRR in the side menu, click APA Preference.
2. Click the APA Login Settings tab.

The login settings for BATS and Tradeweb are displayed.

 4.5.4 Editing APA login settings
As an SRR Rules Administrator, you can configure login settings for BATS and
Tradeweb.

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TO EDIT APA LOGIN SETTINGS
1. On the APA Preference page, on the APA Login Settings tab, enter login
 information for BATS and/or Tradeweb.
2. Click Save BATS/TradeWeb login.
The following attributes are available:
 Field Usage Required

 SenderCompID The login/username for the external APA Yes
 SenderSubID The port ID at BATS Yes (for
 BATS)
 Bats Participant ID The BATS member ID Yes (for
 BATS)
 Primary host IP to primary host of APA Yes
 Primary port Port number of primary host Yes
 Secondary host IP to secondary host, only used in failover scenarios No
 Secondary port Port number of secondary host No

Once the required settings are configured, a restart of the gateway server is
needed to setup the FIX connection for that member. This would mean that
usually the FIX session will be available the next trading day, in line with other
APA service providers.
TO REMOVE APA LOGIN SETTINGS
1. On the APA Preference page, on the APA Login Settings tab, click Remove
 login for BATS and/or Tradeweb. A confirmation window appears.
2. Click Yes.

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5 Statistics and reports
 You can subscribe to and generate reports from the Reports page, and you can
 also view your recently generated reports. From the Act on Behalf Log page, you
 can view the actions taken on behalf of another user. You can also view system
 messages on the Message Inbox page.

5.1 Report subscription management
 From the Reports page, you can manage your report subscriptions.

 5.1.1 Adding report subscriptions
 To view generated reports, you must first add a subscription to it.
 TO ADD A REPORT SUBSCRIPTION
 1. On the Reports page, click Add Subscription. A dialog box appears.

 2. Select the check box next to the report(s) you want to subscribe to. For
 details, see Available report types on page 3131.
 3. Click Add Subscription.

 5.1.2 Removing report subscriptions
 You can remove a subscription to a report.
 TO REMOVE A REPORT SUBSCRIPTION
 1. On the Reports page, select the check box next to the report(s) for which
 you want to remove a subscription.
 2. Click Remove Subscription. A confirmation window appears.
 3. Click Yes.

 5.1.3 Viewing report subscription details
 You can view details of your report subscriptions.

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