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
CME Globex Execution Information Enhancements CME Globex November 19 Available
Mass Quote Protections Enhancements for Triangulation CME Globex December 3 Available
CME Globex API Secure Logon – iLink and Drop Copy CME Globex Q1 2018 October 2
CME FX Link CME Globex February 25 Available

CME Globex Execution Information Enhancements

On Sunday, November 19 (trade date Monday, November 20), 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
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.

Mass Quote Protections Enhancements for Triangulation

Effective Sunday, December 3 (trade date Monday, December 4), to prevent over-filling across resting mass quotes in multiple Volatility-Quoted Options (VQO) and Premium-Quoted Options (PQO) strike prices, Mass Quote Protections(MQPs) will be evaluated inter-event for a Triangulation implied trade originating from an aggressing futures order.

With this release, there will be a change to the MQP Thresholds – Execution (Y) for Triangulation implied trades that occur in the futures order book. There are no MQP calculation changes to Triangulation implied trades that occur in the VQO and PQO order book.

  • Execution (Y) 
    • The number of executions will increment only once per an aggressor order. Currently, the number of executions increments each time a fill occurs.
  • Delta (D) 
    • The VQO delta MQP will not be incremented for triangulation implied trades that occur in the futures order book. The PQO delta MQP will continue to be incremented.

Additional information and examples on MQPs for Triangulation are available in the Client Systems Wiki.

These enhancements will be available in New Release for customer testing on Monday, November 13.

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.

CME FX Link

Effective Sunday, February 25 (trade date Monday, February 26), CME Group is launching CME FX Link a new spot FX basis spread on CME Globex. CME FX Link will provide unique new capital, margin and operational benefits for the FX marketplace by efficiently linking trading activity in FX Futures and OTC Spot FX via CME Globex.

Spot FX basis spreads will be offered between OTC Spot FX and CME FX futures for the following six currency pairs:

  • EUR/USD
  • JPY/USD
  • GBP/USD
  • CAD/USD
  • AUD/USD
  • MXN/USD

Additional information CME Globex processing and messaging impacts for CME FX Link is available in the Client Impact Assessment.

CME STP will support trade confirmations.

The CME FX Link will be available for customer testing in New Release on Thursday, November 16.

Includes the following services:

  • STP
  • Drop Copy
  • ConfirmHub
Enhancements Service Production New Release
CME STP Enhancements for Straight Through Processing CME STP November 19 Available
CME STP FIX Enhancements for Straight Through Processing CME STP FIX November 19 Available
CME FX Link Messaging in CME STP CME STP February 25 Available
CME FX Link Messaging in CME STP FIX CME STP FIX February 25 Available

CME STP Enhancements for Straight Through Processing

By Sunday, November 19 (trade date Monday, November 20), to better support Straight Through Processing, the following enhancements will be implemented by market segment in CME STP for CME Globex trades:

  • CME Globex Trade Capture Report spreads (MLegRptTyp=”3”) will be published by CME STP, providing greater flexibility in trade reporting, with the following exception:
    • Interexchange spreads and legs will continue to be supported by MLegRptTyp=”2”, but will not be supported by MLegRptTyp=”3”.
  • A new field Market Data Trade Entry ID (MDTrdEntrID) will be added to Trade Capture Report messages for:
    • MLegRptTyp=”2” – Trade Capture Reports on all trades of outright instruments and the individual, outright legs of multi-leg security (spread/combo) trades
    • MLegRptTyp=”3” – Trade Capture Reports on all trades of outright instruments and multi-leg securities (spread/combo). Legs are included in repeating groups in the mutli-leg security trades TCR.
    • This field will reflect an end-to-end value available on CME Globex iLink order entry, MDP 3.0 market data, and CME STP clearing messages, allowing clients to follow an order from CME Globex execution through clearing.
Attribute FIXML Field Name FIXML Message Component Level Description
Market Data Trade Entry ID MDTrdEntrID Trade Capture Report Unique Trade Identifier that will match to a CME Globex order execution associated market data message and STP messaging
  • A new format for Execution ID (TradeCaptureReport/@ExecID) will align the CME Globex Execution ID with the CME STP Execution ID, so both are identical.
    • The new format for Execution ID also enables linking a newly created trade to a cancelled trade resulting from a price adjustments using the right most nine characters:
      • Execution ID associated with order execution and cancelled trade: 00010720170407163234TN0000023
      • Execution ID associated with new Trade Capture Report: 8245:M:258TN0000023

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

CME STP FIX Enhancements for Straight Through Processing

By Sunday, November 19 (trade date Monday, November 20), to better support Straight Through Processing, the following enhancements will be implemented by market segment in CME STP for CME Globex trades:

  • CME Globex Trade Capture Report spreads (tag 442-MultiLegReportingType = 3) will be published by CME STP FIX, providing greater flexibility in trade reporting, with the following exception:
    • Interexchange spreads and legs will continue to be supported by tag 442-MultiLegReportingType = 2, but will not be supported by tag 442-MultiLegReportingType = 3.
  • A new tag 37711-MDTradeEntryID will be added to Trade Capture Report messages for:
    • tag 442-MultiLegReportingType = 2 - Trade Capture Reports on all trades of outright instruments and the individual, outright legs of multi-leg security (spread/combo) trades
    • tag 442-MultiLegReportingType = 3 - Trade Capture Reports on all trades of outright instruments and multi-leg securities (spread/combo). Legs are included in repeating groups in the mutli-leg security trades TCR.
    • This tag will reflect an end-to-end value available on CME Globex iLink order entry, MDP 3.0 market data, and CME STP FIX clearing messages, allowing clients to follow an order from CME Globex execution through clearing.
Tag FIX Name FIXML Field Name FIXML Message Component Level Description
37711 MDTradeEntryID MDTrdEntrID Trade Capture Report Unique Trade Identifier that will match to a CME Globex order execution, associated market data message and STP messaging
  • A new format for Execution ID (Tag 17-ExecID) will align the CME Globex Execution ID with the CME STP FIX Execution ID, so both are identical.
    • The new format for Execution ID also enables linking a newly created trade to a cancelled trade resulting from a price adjustments using the right most nine characters:
      • Execution ID associated with order execution and cancelled trade: 00010720170407163234TN0000023
      • Execution ID associated with new Trade Capture Report: 8245:M:258TN0000023

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

CME FX Link Messaging in CME STP

Effective Sunday, February 25 (trade date Monday, February 26), CME Group is launching CME FX Link a new spot FX basis spread on CME Globex. CME FX Link will provide unique new capital, margin and operational benefits for the FX marketplace by efficiently linking trading activity in FX Futures and OTC Spot FX via CME Globex.  

The spot FX basis spread will be offered between OTC Spot FX and CME FX futures for the following six currency pairs:

  • EUR/USD
  • JPY/USD
  • GBP/USD
  • CAD/USD
  • AUD/USD
  • MXN/USD

Learn more regarding CME Globex and CME STP.

CME FX Link functionality will be available for customer testing in New Release on Thursday, November 16.

CME FX Link Messaging in CME STP FIX

Effective Sunday, February 25 (trade date Monday, February 26), CME Group is launching CME FX Link a new spot FX basis spread on CME Globex. CME FX Link will provide unique new capital, margin and operational benefits for the FX marketplace by efficiently linking trading activity in FX Futures and OTC Spot FX via CME Globex.  

The spot FX basis spread will be offered between OTC Spot FX and CME FX futures for the following six currency pairs:

  • EUR/USD
  • JPY/USD
  • GBP/USD
  • CAD/USD
  • AUD/USD
  • MXN/USD

Learn more regarding CME Globex and CME STP FIX.

CME FX Link functionality will be available for customer testing in New Release on Thursday, November 16.

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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