Back Office System Development Procedures
(for members in-house developers/ subcontractors)


Before starting development on the back office system, a Trading Member needs to sign legal contracts with TFX.


(1) Release of documents

TFX will release documents ⁄ specifications required for system development including the following:

  • CLIP∗ specifications

∗ CLIP: stands for CLEARING INTERFACE PROTOCOL which acts as an interface between the TFX Clearing Host and the back-office system of trading member.

(2) System Design and Development

3.Test Environment Setup (Installation of TFX designated Networks etc.)

A Trading member needs to apply and install necessary infrastructure to access the test environment (for conformance testing) and the production environment.

  • Application ⁄ Installation of arrownet v2.0 network
  • Application for Use of Test Environment

4.Conformance Tests

After completing systems development, conformance tests will begin.
Upon successful completion of the conformance tests, a notification will be sent to the Trading Member.
Before putting the developed system into operation, however, a Trading Member needs to take and pass a Market Entry Test (MET) in the Test Environment.

Trading Members are able to develop their own proprietary Back Office Systems either in-house or by subcontracting (such as ISVs). Even in the latter case, a Trading Member will be the main party to contracts, applications, and communications with the exchange i.e. TFX will neither take inquiries from nor disclose any information to a subcontractor directly