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 Link CME Globex March 25 Available
New - MDP 3.0 Performance Enhancements CME Globex April 8 N/A
CME SOFR Futures and Spreads CME Globex May 6 March 12
CME Globex API Secure Logon – iLink and Drop Copy CME Globex Q1 2018 Available
TCP Recovery Performance Improvement for CME Globex and Streamlined Production Environments CME Globex Q1 2018 Available
Price Precision Extension CME Globex 2nd Half 2018 1st Half 2018

CME FX Link

On Sunday, March 25 (for trade date Monday, March 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 and CME STP FIX will support trade confirmations.

The CME FX Link is currently available for customer testing in New Release.

New - MDP 3.0 Performance Enhancements

Starting Sunday, April 8 (trade date Monday, April 9), performance improvements will be implemented on the following CME Globex MDP 3.0 channels. In internal testing, these enhancements improved MDP 3.0 performance up to 60%.

These enhancements will not impact iLink order routing or market structure dynamics.

MDP 3.0 Performance Enhancements
Launch Date Impacted MDP 3.0 Channels
April 8 CME Globex Commodity Futures – 316
CBOT Globex Commodity Futures – 340
MGEX Globex Futures – 460
April 22 CBOT Globex Interest Rate Futures – 344
CME Globex FX Futures – 314
CME Globex FX Options – 315
May 6 CME Globex Interest Rate Futures – 312
CBOT Globex Interest Rate Futures II – 348
May 20 CME Globex FX Futures II – 320
CME Globex FX Options II – 321
NYMEX Globex Crude & Crude Refined Futures – 382
DME Globex Futures - 440

CME SOFR Futures and Spreads

Effective Sunday, May 6 (trade date Monday, May 7), the following CME SOFR futures and standard intra-commodity spreads will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.   

SOFR Futures
Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
MDP 3.0 tag 1151 - Security Group
MDP 3.0 Market Data Channel
3-Month SOFR Futures SR3 SS 312
1-Month SOFR Futures SR1 SS 312

These contracts are listed with, and subject to, the rules and regulations of CME.

Customers should note the named month (e.g., SR3K8) in the external name in MDP 3.0 tag 55-Symbol and iLink tag 107-SecurityDesc does not reflect the last trade date. The instrument last trade date can be found by leveraging FIX tags 865=7 (Last eligible trade date) and 1145-EventTime in the Security Definition (tag 35-MsgType=d) message. As a reminder, CME Group does not recommend parsing the external instrument name to determine instrument characteristics.

The following inter-exchange and inter-commodity spreads will also be listed for trading on CME Globex.

SOFR Inter-Commodity Futures Spreads
Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
MDP 3.0 tag 1151 - Security Group
Future Tag 762-SecuritySubType MDP 3.0 Market Data Channel
Eurodollar vs 3-Month SOFR Reduced Tick Inter-Commodity Spread GE SS IS 312
30-Day Fed Funds future vs 1-Month SOFR Reduced Tick Inter-Exchange Spread

ZQ

 SY

 IS 348
1-Month SOFR future vs 3-Month SOFR future Reduced Tick Inter-Commodity Ratio Spread

SR1

SS

EF 312
30-Day Fed Funds futures vs 3-Month SOFR Reduced Tick Inter-Exchange Ratio Spread

ZQ

SY

EF 348

Strategy types IS and EF support inter- and intra-exchanges and products.

These products and spreads will be available for customer testing in New Release on Monday, March 12.

CME Globex API Secure Logon – iLink and Drop Copy  - Q1 2018

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.

The new Secure Logon is in production and will be supported in parallel with the current model without surcharges until Friday, April 27. Customers are strongly encouraged to make the change before the end of April to ensure no business interruption. Any iLink or Drop Copy Target sessions that connect using plain text password after April 27 will be subject to surcharges as follows:

  • Sunday April 29 – Friday June 1: $100/session/month
  • Sunday June 3 – Friday June 29: $500/session/month

Only Secure Logons will be supported starting Sunday, July 1.

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.

CME Group will offer a CME Globex API Secure Login mock trading session on Saturday, April 7 for iLink and Drop Copy. This mock trading session will offer customers the opportunity to interact with the system and experience the new logon procedure in the CME Globex production environment. You will need to reset your Message Sequence number to “1” for the mock trading session and again prior to the beginning of week logon. If you experience any issues during the mock, please contact the Global Command Center (GCC) for assistance at +1 800 438 8616. For a general status during the mock there will be a bridge line open for regular updates +1 877 979 3898 Access code: 6485475.

Please note that customers are required to register in advance in order to participate in the iLink mock trading session.

A new iLink and Drop Copy certification suite is currently available in AutoCert+. iLink and Drop Copy 4.0 customer systems must complete this mandatory certification.

The CME Globex API Secure Logon is now available for customer testing in New Release.

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.

TCP Recovery Performance Improvement for CME Globex and Streamlined Production Environments

CME Group implemented load balancing for MDP 3.0 and Streamlined TCP Recovery to improve performance during high utilization periods. To support this change, new Historical Replay IPs and ports were introduced for MDP 3.0 for CME Globex and Streamlined production environments.

The new IPs and ports for Historical Replay are currently available in the config_20180422.xml file for customer download. The legacy IP and ports will continue to be available in parallel until close of business on Friday, April 20

On Sunday, April 22 (trade date Monday, April 23), the new IP and ports will be added to the production config.xml file.

Please note: Backup IP addresses will be eliminated.

TCP Recovery Performance Improvement for CME Globex and Streamlined Production Environments
Feed Legacy IP and Port New IP and Port
CME Globex 205.209.220.72:10000
205.209.222.72:10000
205.209.218.10:10000
Streamlined 205.209.222.61:9000
205.209.220.61:9000
205.209.218.10:9000

Price Precision Extension

In the second half of 2018, the supported decimal price precision for CME Globex and streamlined blocks SBE market data will be increased from 7 to 9 decimals to provide greater price granularity for future launches.

In Q4 2018, in conjunction with the price precision update, pending regulatory approval, the minimum price increment (MPI) for the 2 Year Treasury Note futures, future spreads and inter-commodity spreads will be reduced from 1/4th of 1/32nd (0.0078125) to 1/8th of 1/32nd (0.00390625). As a result, the maximum price precision will increase from 7 to 8 decimals.

The Client impact assessment includes additional information on the following:

  • CME Globex iLink
  • CME Globex MDP3
  • Streamlined MDP
  • ITC
  • CME Globex Drop Copy
  • Referential Data

These changes will be available in New Release for customer testing first half of 2018.

Includes the following services:

  • STP
  • Drop Copy
  • ConfirmHub
Enhancements Service Production New Release
CME FX Link Messaging in CME STP CME STP March 25 Available
Price Precision Extension - CME STP CME STP FIX Second half of 2018 First half of 2018
CME FX Link Messaging in CME STP FIX CME STP FIX March 25 Available
Price Precision Extension - CME STP FIX CME STP FIX Second half of 2018 First half of 2018

CME FX Link Messaging in CME STP

Effective Sunday, March  25 (trade date Monday, March 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 is currently available for customer testing in New Release.

Price Precision Extension - CME STP

In the second half of 2018, CME STP will support an increase to the maximum price precision from seven to nine decimal places to provide greater price granularity for future launches.

In Q4 2018, the first application of this new price format functionality, pending regulatory approval, will implemented be for 2-Year Treasury Note futures, future spreads and inter-commodity spreads.

For more on impacted products and CME Globex, iLink messaging, Drop Copy and Market Data impacts, view the CME Globex Client Impact Assessment.

All impacted attributes are on Trade Capture Reports at the Trade Capture Report or Trade Instrument Leg Group level.

Level Field Name FIXML Attribute Name
TrdCaptRpt

 

Trade Price LastPx
Average Price AvgPx
Differential Price DiffPx
/TrdCaptRpt/TrdLeg Leg Last Price LastPx
Leg Differential Price DiffPx

These enhancements will be available for testing in New Release in the first half of 2018.

CME FX Link Messaging in CME STP FIX

Effective Sunday, March 25 (trade date Monday, March 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 is currently available for customer testing in New Release.

Price Precision Extension - CME STP FIX

In the second half of 2018, CME STP FIX will support an increase to the maximum price precision from seven to nine decimal placesto provide greater price granularity for future launches.

In Q4 2018, the first application of this new price format functionality, pending regulatory approval, will implemented be for 2-Year Treasury Note futures, future spreads and inter-commodity spreads.

For more on impacted products and CME Globex, iLink messaging, Drop Copy and Market Data impacts, view the CME Globex Client Impact Assessment.

All impacted attributes are on Trade Capture Reports at the Trade Capture Report or Trade Instrument Leg Group level.

Level FIX Tag Field Name FIXML Attribute Name
TrdCaptRpt

 

31 Trade Price LastPx
6 Average Price AvgPx
10033 Differential Price DiffPx
/TrdCaptRpt/TrdLeg 637 Leg Last Price LastPx
2492 Leg Differential Price DiffPx

These enhancements will be available for testing in New Release in the first half of 2018.

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

More in Develop to CME Globex