The London Stock Exchange
(LSE) has released a rollout strategy for the new SMF product. The “go
live” date is scheduled to be 26 January, 2004. A number of user firms have
asked FISD/REDAC to help coordinate testing among interested participants to
make things as efficient as possible. Our initial goals are to create a
master roster of participants interested in participating in the testing
process and to develop a firm testing schedule.Two LSE testing documents
have been posted on FISD.net for your reference. The links are below:
1. LSE/Vendor Testing:
Our expectation is that the vendors are currently working directly with LSE
to make sure they can receive and process the new SEDOL data and formats.
Please let us know if there are any LSE/vendor coordination issues that need
to be addressed - otherwise we’ll assume you’ve got it handled. Direct
SEDOL Masterfile customers can book testing slots from Monday 18 August 2003
between the following hours 09:00 and 17:00 GMT, Monday - Friday, by calling
+44 20 7797 1112 (STX 31112).
2. Vendor/User Firm
Testing: User firms are suggesting we establish two test days between
vendors and their customers to ensure that organizations that subscribe to
multiple data vendor feds are able to test all systems/datafeeds in a
simulated live environment. Participants have expressed a desire for all
data vendors to use the test data/test SEDOL codes provided in the LSE’s
Scenario Testing Service.
3. Testing Dates (feedback
needed): A number of organizations have indicated there will be a “code
freeze” during December 2003 – and therefore prefer testing to occur in
October/November. We are actively seeking feedback on preferred dates.
Please send your requests/constraints to matkin@siia.net
Data vendors and financial
institutions interested in taking part in this coordinated testing process
should let me know as soon as possible – and provide full contact details of
the person responsible for testing coordination – via return e-mail.
LSE Test Script
http://www.fisd.net/referencedata/LSE%20sedol%20Scripts.pdf
LSE Test Overview
http://www.fisd.net/referencedata/lse%20sedol%20test%20overview%20doc%20.pdf
LSE SEDOL Web Link www.londonstockexchange.com/sedol.
FISD Hosts Meeting to Review Test Plans for London Stock Exchange's Security
Master File Product
The purpose of the meeting was to define an efficient coordination process
between the London Stock Exchange – vendors and sub-vendors – and end user
recipients on the testing and rollout of the LSE new SMF product. The goal
is to allow sufficient time for vendors and end users to test their ability
to receive and process the suite of changes to the SMF. User firms are
looking for consistent test data from their vendors and a coordinated test
calendar for scheduling purposes.
Coordination Process
The London Stock Exchange is in the midst of developing a testing document
(test scripts and conformance requirements) as well as their proposed
rollout (instrument phase-in sequence) schedule for the new SMF product. The
objective is to identify any outstanding issues that might negatively affect
testing and implementation – and to ensure that the overall rollout plan is
feasible.
At present, the “go live” date is scheduled to be January 26, 2004. Vendor
testing will take place between September 03 and January 04.
LSE testing document (to ensure that vendors are able to correctly
interpret LSE data, process corporate actions and support the new SMF
features) is scheduled to be available by the end of July 2003.
LSE will work with FISD/REDAC to create a master roster of participants
and contact points (including vendors as well as buy-side, sell side,
custodians and retail customers) involved in the testing process. The list
of participants is needed by the end of July.
LSE rollout schedule – including the phase in schedule for new SEDOL
codes, the sequence of rollout and the list of instruments to be included in
each phase is under development.
- Master calendar – will be developed based on discussions with vendors and
end-users and will be dependent on the ability to identify and address any
outstanding scheduling issues associated with the SMF rollout.
