eTM Alert caused by OMP data demonstrating incorrect price relation to volume

eTM Alert caused by OMP data demonstrating incorrect price relation to volume

We have recently identified an issue with HPC and Evolution Market REMIT Table1 uploads for Gas (Therms/d) and currency GBP.

In these Trades the price is expressed in Pounds (GBP) per Therm, but should be expressed in Pence.

The solution to rectify this issue is for the OMP to amend the Price Currency to GBX (for Pence), or divide the price by 100.

The Trade details are consistent with the price being in Therms, according to the totalNotionalContractQuantity divided by the notionalAmount.

Currently the price/Therm is too large by a factor of 100.

If you are experiencing an issue where alerts in eTM are experienced due to a value for the trade being demonstrated in a value 100 times greater (or in some cases smaller) than the Market prices demonstrated, please ensure that this conforms to the description above (where currency is GBP and Unit of Measurement is Therms).

Please contact the relevant OMP directly in order to request that this issue be addressed and rectified.

    • Related Articles

    • My Uploaded T1 trade shows as Source as OMP but I'm an MP

      Trades uploaded in ACER Table1 Format (ACER.xml) format can only be uploaded as an OMP when an OMP is involved. To enable MP's to upload their data without involvement of an OMP we define MP's as Pseudo OMP's to allow ACER Table 1 uploads, e.g. if ...

    • Is it possible to add a new Commodity Reference to the EFET Static Data?

      Requests to add a new Commodity Reference should be made to the CMS Service Team (support@equias.org). If a suitable Commodity Reference does not exist currently, the CMS Service Team will work with the requester to create a new reference code and ...

    • Data Security Policy

      Please see attached.

    • How can an MP update an OMP file for submission?

      MPs can modify an error in an OMP submission by taking the following steps. To investigate the rejection reasons for trades where no magnifying glass appears on the REMIT Transaction screen you need to take the following steps: Search for the UTI and ...

    • Which data fields are enriched by eRR?

      Organisations should refer to the two documents below to identify all eRR fields which are enriched by the eRR process. Both documents are available on the eRR product page of the Equias Users Area. 1. eRR Standard 2. Cross-Reference ...