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 FX Roadmap CME Globex
   
Market By Order Market Data CME Globex April 23 Available
Mass Quote Cancel Enhancements CME Globex
May 7 Available
Settlement Enhancements CME Globex
May 21 Available
MDP 3.0 Enhancement for Settled at Cabinet Options CME Globex
May 21 Available
Streamlined FIX/FAST Decommission CME Globex
June 23 June 23
Eris Exchange Streamlined SBE Enhancements CME Globex
June 25 April 10
Globex Risk Management Enhancements: Inline Credit Controls CME Globex
Q2 2017 Available
New - New IPs and Ports for iLink Convenience Gateways CME Globex
June 2017  

CME FX Roadmap

Date Environment Description
April 18, Tuesday FX NR 2017 Roadmap

Triangulation for JPY, GBP & CHF
CHF will use mininum quantity 10. GBP & CHF will use mininum quantity 20.

April 22, Saturday FX Prod 2017 MBO Mock
April 23, Sunday FX Prod 2017

Min Qty Change for AUD
Reduce quantity required to trigger a Triangulated trade from 20 to 10 lots.

April 26, Wednesday FX NR 2017 Roadmap

Move channels 317, 320, 342, 343 & 345
317, 320, 342 & 343 - different MDP Source IPs; different MSGW and Drop Copy IPs.
345 - different MDP Source IPs only.

May 1, Monday FX NR 2017 Roadmap

Implied FX futures
Tentative placeholder for turning on implieds.

May 7, Sunday FX Prod 2017

MBO Launch

FX NR 2017 Roadmap Triangulate CAD & EUR
CAD uses mininum quantity 10.
EUR uses mininum quantity 20.
May 14, Sunday FX Prod 2017

Triangulate JPY, GBP & CHF
CHF will use mininum quantity 10.
GBP & CHF will use minimum quantity 20.

May 21, Sunday FX Prod 2017 Changes to Channels 317 & 345
June 1, Thursday FX Prod 2017 Implied FX Futures
June 4, Sunday FX Prod 2017 Changes to Channel 320
June 18, Sunday FX Prod 2017 Triangulate CAD & EUR
June 25, Sunday FX Prod 2017 Changes to Channels 342 & 343

Market By Order Market Data

Effective Sunday, April 23 (trade date Monday, April 24), to increase market transparency and customer choice, CME Group will continue the rollout Market by Order (MBO) for CME Globex markets.

Market Data Platform with MBO will feature:

  • Ability to view individual queue position and size of individual orders at a price while remaining anonymous
  • Existing channels enhanced to provide both MBO and MBP data on a single feed
  • CME Direct support
  • Exchange and asset class roll out model

The client impact assessment provides functionality and messaging information.

MBO is now available in New Release for customer testing. Please view the updated MBO rollout schedule for production.

With the introduction of MBO overall incremental feed bandwidth is expected to increase 30-40%. During peak times the number of incremental feed packets per millisecond may increase up to 40-50%.

The MBO certification suite is now available in AutoCert+ for customer testing. Customer systems who choose to process MBO via CME Globex must complete this certification.

Mass Quote Cancel Enhancements

Effective Sunday, May 7 (trade date Monday, May 8), in addition to the current Mass Quote Cancel functionality, CME Group will offer customers the ability to cancel their Mass Quotes based on the Quote Set ID.

Cancel by Quote Set enhancements support cancellation of quote sets with a single Quote Cancel (tag 35-MsgType=Z) message as follows:

  • Cancel a designated quote set by Quote Set ID; client system provided unique identifier.
  • Cancel a side (Buy/Sell) of the designated Quote Set ID.

The client impact assessment provides functionality and messaging information.

Certification for Cancel by Quote Set is not mandatory for client systems already certified for the Mass Quote test suite.

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

Please note: Mass Quotes submitted with a Quote Set ID value greater than 3 characters in length will be rejected. CME Globex will send a Business Level Reject (tag 35-MsgType=j) message including tag 58=<Reject Reason>.

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.

Settlement Enhancements

Effective Sunday, May 21 (trade date Monday, May 22), more granular settlement identifiers will be available on CME MDP 3.0.

  • Tag 731-SettlePriceType (bits 1 and 2) will be fully supported to accurately identify theoretical vs actual and rounded vs unrounded settlement prices.
    • Tag 731 is published on the Incremental Refresh, Security Definition and Snapshot Full Refresh messages (35=X, d or W)
      • Please Note: Theoretical settlement prices are only published on Security Definition (tag 35-MsgType=d) messages for instruments with no Open Interest or Volume. Incremental Refresh settlement messages are not distributed for these instruments.

With this change, the following settlement types will be published for instruments listed on CME Globex:

Settlement Messages Published on Incremental Refresh
Instrument Preliminary, Rounded Preliminary, Unrounded Final, Rounded Final, Unrounded
Subject to rounding with open interest X X X  
Not subject to rounding with open interest   X   X
No open interest        

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

MDP 3.0 Enhancement for Settled at Cabinet Options

Effective Sunday, May 21 (trade date Monday, May 22), to provide better insight into actual settlement prices, when an option instrument is settled at Cabinet, the Cabinet settlement price will be published in tag 270-MDEntryPx when tag 269-MDEntryType=6. Currently, MDP 3.0 publishes tag 270=0 when an option settles to cabinet.

Streamlined FIX/FAST and ITC 2 Blocks Decommission

Blocks market data is now available on the streamlined SBE feed. The following streamlined FIX/FAST and ITC 2 Blocks feeds will be decommissioned in the New Release and Production environments as follows:

Streamlined FIX/FAST and ITC 2 Blocks Decommission
Streamlined FIX/FAST and ITC 2 Production New Release Client Impact Assessment
FIX/FAST Eris Exchange June 23 June 23 Eris Exchange Streamlined Conversion to SBE

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.

Eris Exchange Streamlined SBE Enhancements

Effective Sunday, June 25 (trade date Monday, June 26), the Eris Exchange will launch enhancements with new functionality for the Streamlined SBE feed.

The streamlined Market Data enhancements will feature:

  • Theoretical update book processing
  • New daily statistics and reference data
  • Expanded instruments

The client impact assessment provides functionality and messaging information.

The enhancements and new functionality will be available in New Release for customer testing on Monday, April 10.

The Eris streamlined SBE enhancements certification suite will be available in AutoCert+ for customer testing on a date to be announced. Customer systems who choose to process Eris exchange streamlined SBE market data must complete this certification.

Globex Risk Management Enhancements: Inline Credit Controls

In Q2 2017, in addition to existing risk management controls, CME Group will offer optional, more granular pre-trade risk management capability through the In-Line Credit Control (ICC) tool.

The ICC tool allows Clearing Member Firms and Executing Firms to set daily position limits for CME Globex, per product, at the account level through Account Manager.

The new functionality will feature:

  • Daily quantity position limits applied per product at the account level.
  • Positions reset to flat at the end of the day. Good 'Til Cancel (GTC) and Good 'Til Date (GTD) orders will roll-over to be calculated in the next day’s working orders.
  • No latency differential; all orders are subject to the same ICC processing.
  • Both Clearing Member Firm and Executing Firm Risk Admins can register accounts and set limits.
    • The most restrictive limit applies.
    • Clearing Member Firm and Executing Firm Risk Admins can view each other's account limits.
    • Clearing Member Firms and Executing Firms cannot change the other's limit.
  • Email alerts can be set up when pre-set threshold level breaches occur (for example, at 80%).

See more on Viewing and Managing Inline Credit Control Limits and Configuring Alerts and Policies for Inline Credit Controls.

For registered client systems, a new or cancel/replace order that violates specified position limits will be rejected. CME Globex will send a Session Level Reject (tag 35-MsgType=3) message including tag 58=<Reject Reason>.

Reject Reason Tag 58-Text
Position Limit Violation Position Limit Violation for Account: <Account>, Position Increase: <position> makes position above the BUY Position Limit: <Limit> by amount: <Amount>. Limit set by CMF for Product Code: <Product Code>
Position Limit Violation for Account: <Account>, Position Increase: <position> makes position above the BUY Position Limit: <Limit> by amount: <Amount>. Limit set by EF for Product Code: <Product Code>
Account Policy Violation Pre-Trade Registration Violation: Account: <Account> is not Registered for this Executing Firm
Product Policy Violation Pre-Trade Registration Violation: Account: <Account> is not Registered to Trade Product Code: <Product Code>
UDS Covereds Policy Violation Pre-Trade Registration Violation: Account: <Account> is not Registered to Trade UDS Covereds
Account Deactivation Violation Pre-Trade Registration Violation: Account: <Account> has been Suspended from Trading by the CMF for this Executing Firm

This new functionality is currently available for customer testing in New Release.

Please contact your Global Account Manager with any questions on onboarding and testing In-line Credit Controls functionality in New Release 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.

Please contact Certification Support for Electronic Trading (CSET) in the U.S. at +1 312 930 2322, in Europe at +44 20 3379 3803 or in Asia at +65 6593 5593 with questions while testing in New Release.

New - New IPs and Ports for iLink Convenience Gateways

Following the successful launch of Market Segment Gateway (MSGW), CME Group is introducing improvements to the Convenience Gateway (CGW) architecture. These changes include a hardware upgrade and are designed to reduce CGW IP management needs. There should be no performance change for iLink CGW sessions.

Effective Sunday, June 25 (trade date Monday, June 26), all CGW iLink sessions will use new IPs and ports. The new IP ranges will be available on the Client Systems Wiki by May 1. Your Global Account Manager will provide the new IP and port mapping for your sessions by the end of the month.

All CGW iLink sessions must migrate to the new IPs and Ports in order to access CME Globex markets. The current IPs will be disabled after the close on Friday, June 23. A connectivity mock will be held Saturday, June 24.

An optional migration on Sunday, June 18, is also available. Customer must register with their Global Account Manager no later than Friday, June 2, to migrate on June 18. A connectivity mock will be held for those migrating early on Saturday, June 17.

Please note: Later this year, CGW sessions will move to the MSGW-style Application Level Fault Tolerance, with an enforced primary gateway. To minimize impact when this change is implemented customers must use their designated Primary IPs and Ports upon launch.

Drop Copy is not impacted by this change, but some iLink source sessions may be moved to different target sessions. The IPs and ports for Drop Copy sessions will not change.

If you have any questions or concerns, please contact your Global Account Manager  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

CME Account Manager: CME Globex Inline Credit Controls Available in New Release

In †Q2 2017 Inline Credit Controls (ICC) functionality for CME Globex will be available for production. ICC is an optional risk management tool that allows Clearing Member Firms and Executing Firms to set daily position limits for CME Globex orders, per product, at the account level. Each order will be checked on an in-line, pre-execution basis.

Features:

  • ICC limits apply to CME Globex orders only.
  • Daily quantity position limits are applied per product at the account level.
  • Positions reset to flat at the end of the day. Good 'Til Cancel (GTC) and Good 'Til Date (GTD) orders will roll-over to be calculated in the next day's working orders.
  • No latency differential; all orders are subject to the same ICC processing.
  • Both Clearing Member Firm and Executing Firm Risk Admins can register accounts and set limits.
    • The most restrictive limit applies.
    • Clearing Member Firm and Executing Firm Risk Admins can view each other's account limits.
    • Clearing Member Firms and Executing Firms cannot change the other's limit.
  • Email alerts can be set up when pre-set threshold level breaches occur (for example, at 80%).

This enhancement is currently available in New Release for customer testing.

See more on Viewing and Managing Inline Credit Control Limits and Configuring Alerts and Policies for Inline Credit Controls.

Please contact your Global Account Manager for more information about onboarding and testing In-line Credit Controls functionality in New Release.

Please contact Certification Support for Electronic Trading (CSET) in the U.S. at +1 312 930 2322, in Europe at +44 20 3379 3803 or in Asia at +65 6593 5593 with questions while testing in New Release.

Please contact the Global Command Center (GCC) in the U.S. +1 800 438 8616, in Europe at +44 20 7623 4747 or in Asia at +65 6532 5010 with any production questions.

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

More in Develop to CME Globex