Published On: Fri, Nov 5th, 2010

FSA Approves Short Sell for Japannext

We deeply appreciate your patience. The long awaited SS orders are now reality at Japannext. We are thrilled to inform you that we have received official approval from FSA regarding acceptance of Short Sell (SS) orders based on Japannext uptick rule today (4th November 2010).

Schedule we are giving out in this notification is an official schedule.

SS Rollout Schedule:
25th October 2010: SS available in JNX UAT environment (Test Environment)
For the members who need to test and validate your applications, please do so utilizing our test environment. Please let us know if you have any questions.

5th of November 2010: SS rolled out to production environment for the weekend testing
At the end of trading day on the 5th November 2010, we will rollout our new SS augmented version of matching engine to production. We have already made all necessary preparations to roll out SS to our production environment.

6th of November 2010: Saturday SS production testing with members
We would like to conduct testing with many of our members on the 6th of November (this Saturday). We are absolutely confident about our SS and uptick rule checking capabilities. Having said that, we would like our members to test and verify with us. We ask for your participation.

8th of November 2010: Live on Day Time Production environment
We will notify after the end of testing on the 6th of November as to Go/No Go status. If we find no issues from our members, we will issue a short notice to all of our members on Saturday as to Go Status. If however, any one of our members do run into an issue, we may decide to postpone based on severity of the issue. WE WILL LET YOU KNOW.

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