Technology Enhancements

To serve you better and ensure that  CME Group provides the best-in-class technology, we are working constantly to introduce enhanced functionality and improved performance.

Includes the following services:

  • CME ClearPort
  • CME Direct
  • CME Globex
Enhancements Service Production New Release
Implied Functionality for CME FX Futures and SD Calendar Spreads CME Globex
September 24 Available
Self-Match Prevention Enhancements CME Globex
October 1 Available
CME Globex Execution Information Enhancements CME Globex October 22 Available
Changes in Timing and Frequency for Publishing VOI Messages CME Globex October 29 Available
CME Globex API Secure Logon – iLink and Drop Copy CME Globex Q1 2018 October 2
CME Globex
CME Globex

Implied Functionality for CME FX Futures and SD Calendar Spreads

Effective Sunday, September 24, 2017 (trade date Monday, September 25), implied functionality will be enabled on the following CME FX futures outrights and all SD calendar spreads (i.e. serial-serial, serial-quarterly, quarterly-quarterly) in the first 12 months.

Implied Functionality for CME FX Futures and SD Calendar Spreads
Product MDP 3.0:
Tag 6937-Asset
iLink: tag 55-Symbol
MDP 3.0 tag 1151 - Security Group
British Pound 6B 6B
Canadian Dollar 6C 6C
Euro FX 6E 6E
Japanese Yen 6J 6J
Australian Dollar 6A 6A
Euro/British Pound RP FB

Implied functionality utilizes bids and offers in both spreads and their outright contracts to provide the most liquid possible markets with the best possible prices. In internal testing, implied functionality increased incremental feed bandwidth up to 13% on the CME Globex FX Futures MDP 3.0 channels 314 and 320.

To identify CME FX futures products with implied eligibility, the market data Security Definition message (tag 35-MsgType=d) will contain tag 872-InstAttrbValue bit 19-Implied Matching Eligible =1.

Implied book updates are disseminated via the market data Incremental message (tag 35- MsgType=X ) with tag 269-MDEntryType=E (implied bid) and F (implied offer).

Implied functionality for CME FX futures is currently available for customer testing.

Additional detailed information on the implied functionality is available in the Client Systems Wiki.

For more information please visit cmegroup.com/fxmonthlies.

CME Globex Execution Information Enhancements

On Sunday, October 22 (trade date Monday, October 30), CME Group will continue to implement the following CME Globex execution information enhancements:

  • Updated STP function - new Common Trade ID automatically traces each individual execution across CME Globex and through clearing
    • iLink tag 37711-MDTradeEntryID
    • MDP 3.0 tag 37711-MDTradeEntryID
    • CME STP and CME STP FIX MDTrdEntrID
  • Real-time trade price adjustments reporting to participating traders and market as a whole via iLink and MDP 3.0 messages
    • Currently, trade price adjustments are only available via Clearing systems
  • Spread trade cancellation reporting for both the spread and legs via iLink and MDP 3.0 messages
    • Currently, CME Globex sends the iLink Execution Report - Trade Cancellation message (tag 35-MsgType=8, tag 39-OrdStatus=H) for legs only
CME Globex Execution Information Enhancements
Tag1300-MarketSegmentID Market Segment Launch Schedule
50 CME Eurodollar options Sunday, October 22
76 NYMEX and COMEX Metals and Alternative Market futures Sunday, October 22
78 NYMEX Non-Crude Energy futures Sunday, October 22
54 CME Equity options Sunday, October 29
56 NYMEX and COMEX options Sunday, October 29
58 CBOT Treasury options Sunday, October 29
64 CME E-mini S&P 500 futures Sunday, October 29
80 NYMEX Crude Energy futures  Sunday, October 29
84 CBOT Treasury futures Sunday, October 29
88 CME Globex FX Futures and Options Sunday, October 29
52 CME FX options Sunday, November 19
60 CBOT Commodity and Equity options Sunday, November 19
70 CME Commodity futures Sunday, November 19
72 CBOT Commodity futures Sunday, November 19
74 Hosted Partner Exchange markets and NYMEX Emissions futures Sunday, November 19
82 CME Eurodollar futures Sunday, November 19

Please review the client impact assessment for information on functionality and messaging impacts and complete rollout schedule.

These enhancements are now available in New Release for customer testing.

Please contact your Global Account Manager with any questions or concerns in the U.S. at +1 312 634 8700, in Europe at +44 203 379 3754 or in Asia at +65 6593 5505 for additional information.

Self-Match Prevention Enhancements

The Self-Match Prevention (SMP) enhancements launch scheduled for Sunday, September 24, has been rescheduled to Sunday, October 1(trade date Monday, October 2). SMP is optional functionality that allows market participants to prevent the matching of orders for accounts with common ownership if both the buy and sell orders contain the same SMP ID and Globex Firm ID.

With these enhancements, iLink customers will have the ability to configure SMP functionality across multiple Globex Firm IDs within or across clearing firms. Upon this release, orders submitted with unregistered SMP IDs will be rejected. CME Globex will send a Session Level Reject (tag 35-MsgType=8) message including tag 58=<Reject Reason>. All Good 'Till Cancel (GTC) and Good 'Till Date (GTD) orders with unregistered SMP IDs must also be updated to use a registered SMP ID by the close on the Friday before launch. Any remaining GT orders with unregistered SMP IDs will be eliminated at Sunday start-up on launch weekend.

The Firm Administrator Dashboard interface will continue to be used to request new SMP IDs but will be enhanced to allow existing SMP IDs to be modified to support additional Globex Firm IDs.

To opt into Self-Match Prevention functionality, executing firms must submit orders and mass Quotes with a registered SMP ID in tag 7928-SelfMatchPreventionID.

 Starting Sunday, September 10, customers may register one or more CME Globex Firm IDs to their SMP IDs via the Firm Administrator Dashboard. Before Sunday, September 30, SMP will continue to function within a single Globex Firm ID as it does today.

Detailed information, including the launch schedule, is available in the Client Impact Assessment.

The new SMP enhancements are currently available for customer testing in New Release. Customer certification is not required, but CME Group strongly recommends all system providers test these changes thoroughly in New Release.

Please note: Clients planning to test the SMP enhancements in New Release must contact their Global Account Manager to receive new SMP IDs, which will be activated after the New Release daily maintenance period (16:00 to 16:45 Central Time).

CME Group will offer a mock trading session on Saturday, September 30, for customers test their Self-Match Prevention configuration in the CME Globex production environment. Customers are required to register to participate in the mock trading session. Please review the mock trading session script for additional information.

Changes in Timing and Frequency for Publishing VOI Messages

Effective Sunday, October 29 (trade date October 30), to provide more timely  information, CME MDP 3.0 will publish preliminary Daily Cleared Volume and Open Interest (VOI) market data messages earlier. With this change, the redundant preliminary VOI messages will no longer be published.

Changes in Timing and Frequency for Publishing VOI Messages:

  • First round of preliminary VOI messages will be published current calendar day (except Friday), after the trading session ends.
    • Between 6:30 pm – 6:45 pm Central time (CT) Monday – Thursday for COMEX, DME, and NYMEX.
    • Between 8:00 pm – 8:30 pm (CT) Monday – Thursday for CBOT and CME.
    • Friday’s preliminary VOI will be published on Sunday at 3:05 pm.
    • Currently, the first preliminary VOI message is published on the next calendar day (except Friday). Current publication times are available in the Client Systems Wiki.
  • Second round of preliminary VOI messages will be eliminated.
  • Final VOI messages will continue to be published the next calendar day (except Friday’s final VOI will continue to be published on Monday).
    • Between 8:00 am - 8:30 am Monday – Friday for all CME Group exchanges and DME.

Customers can determine the trading reference date by leveraging tag 5796-TradingReferenceDate in the cleared volume and open interest messages to identify the trading session date.

Please note: The publication timing and frequency of VOI messages for ITC messages, BMD Exchange and MGEX Exchange are not impacted by this change. MDP 3.0 VOI messages will be published significantly earlier than the ITC VOI messages.

These changes will be available for customer testing in New Release on Monday, September 12.

CME Globex API Secure Logon – iLink and Drop Copy

CME Group is committed to our customers’ information security. To ensure the highest levels of security, CME Group will continue hardening iLink and Drop Copy 4.0 session authentication at logon in Q1 2018 with the launch of CME Globex API Secure Logon.

In production, the new logon will be supported in parallel with the current model until Friday, April 27, 2018. After this date, iLink and Drop Copy 4.0 sessions will only be allowed to logon with the new Secure Logon process. Customers are strongly encouraged to make the change in advance of the cutoff to ensure no business interruption.

CME Globex API Secure Logon includes:

  • Security credentials
  • New logon procedure
  • New iLink and Drop Copy message tags

The client impact assessment provides more detailed process and messaging information.

A new iLink and Drop Copy certification suite will be available in AutoCert+ on Monday, October 16, 2017. iLink and Drop Copy 4.0 customer systems must complete this mandatory certification.

The CME Globex API Secure Logon will be available for customer testing in New Release.

CME Globex API New Release Launch Schedule Production Launch Schedule Legacy Logon Decommission
Drop Copy 4.0 Monday, October 2, 2017 Sunday, January 7, 2018 COB Friday, April 27, 2018
iLink:
  • Convenience Gateway
  • Market Segment Gateway
Monday, October 16, 2017 Sunday, January 21, 2018 COB Friday, April 27, 2018

Please contact your Global Account Manager with any questions or concerns in the U.S. at +1 312 634 8700, in Europe at +44 203 379 3754 or in Asia at +65 6593 5505 for additional information.

Includes the following services:

  • STP
  • Drop Copy
  • ConfirmHub

Includes the following services:

  • CME Globex Credit Controls (GC2)
  • Risk Management Interface (RMI)
  • CME Account Manager

Includes the following services:

  • Firm Admin Dashboard
  • AutoCert+

Contact Us

Global Account Management
U.S.: +1 312 634 8700
Europe: +44 20 3379 3754
Asia: +65 6593 5505

Global Command Center
U.S.: +1 800 438 8616
Europe: +44 20 7623 4747
Asia: +65 6532 5010
GCC Website

Certification Support for Electronic Trading (CSET)
U.S.: +1 312 930 2322
Europe: +44 20 3379 3803
Asia: +65 6593 5593

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