| A# |
5732 |
| P&S #: |
5302 |
| DATE: |
December 15, 2003 |
| TO: |
ALL PARTICIPANTS |
| ATTENTION: |
MANAGING PARTNER / OFFICER; OPERATIONS PARTNER / OFFICER; DIRECTOR OF OPERATIONS; DATA PROCESSING MANAGER;, MANAGER P & S DEPARTMENT; COMPLIANCE OFFICER |
| FROM: | Product Management |
| SUBJECT: | Mandatory Data Connection to RTTM Web Required for RTTM Conversion. NSCC PC Web to be Discontinued for Fixed Income Products. |
As announced in a prior National Securities Clearing Corporation (“NSCC or the “Corporation”) Important Notice (A#5713, P&S #5283, dated November 11, 2003,) the Real-Time Trade Matching System (RTTM) will replace the current Fixed Income Transaction System (FITS) for all corporate, municipal and UIT trade matching and reporting functions in March 2004.
All firms currently using NSCC’s PC Web Direct for FITS screen trade input
and output will be required to convert to the new RTTM Web in March. As a
result of this first phase of RTTM implementation, NSCC PC Web Direct screen
input will no longer be available for corporate, municipal and UIT processing
in March 2004.
In addition to this Important Notice, your firm has also been contacted by
your member services representative regarding this upcoming system conversion.
In order to ensure a smooth transition to RTTM Web for corporate, municipal
and UIT processing in March, your firm must establish and test connectivity
to RTTM prior to January 16, 2004. Failure to do so will severely limit your
firm's ability to train on RTTM Web during the first quarter of 2004, and
potentially jeopardize your ability to process corporate, municipal and UIT
trades beginning in March.
RTTM Web Connectivity Options:
- For participants connecting to RTTM Web through leased lines they plan to use for interactive messages, the Corporation requires the translated network IP addresses (not desktop IP addresses). These IP addresses would be the same addresses on your system for the existing FITS users.
- For participants connecting through dial-up connections, the Corporation requires the telephone number that will appear on Caller ID when your modem dials into RTTM. This facilitates a Caller ID security check to prevent unauthorized users from accessing RTTM.
- For participants submitting input via service bureaus, the Corporation
requires that they have access to RTTM Web, which for the majority of the
firms will be via a dial-up connection.
In order to assist your firm in securing connectivity, the Corporation needs to know the name of your firm’s conversion coordinator and his or her telephone and email address. We will also need to know the system’s primary user and his or her telephone number and email address.
Please contact or email this information to your firm’s member services representative, call the CMU-RTTM Hotline (212) 855-7664, or email your questions to CMUhelp@ficc.com.
Sean Delap
Vice President, Product Management