Getting Started with CME Globex
Welcome to Electronic Trading at CME Group

Thank you for your interest in trading on CME Globex.

This is a step-by-step guide to connecting and developing to the CME Globex electronic trading platform.

To access CME Globex, customers must have a CME Clearing Firm relationship and a CME Group-certified trading application. Individual investors are encouraged to connect through their broker, who can provide both the Clearing Firm guarantee and trading infrastructure. To find a CME Clearing Firm, visit www.cmegroup.com/findabroker.

Once you begin the process, you'll be assigned to a Global Account Management (GAM) representative based on your Class A Clearing Firm and your location.

If you are interested in becoming a CME Group-certified Independent Software Vendor (ISV), please contact the Client Technology Management team at 312.634.8700.

Getting Started

If you are planning on:

  • Connecting directly to CME Globex for trading or market data
  • Developing to iLink order entry or FIX/FAST market data

Please contact Global Account Management at +1 312 634 8700 in the U.S., +44 20 3379 3754 in Europe and +65 6593 5505 in Asia.

We highly recommend that you sign up for the weekly CME Globex Notices at www.cmegroup.com/subscribe. All new functionality, products and any other important CME Globex information are announced via these customer communications.

Connectivity

Choose your type of connection

CME Co-Location Connectivity Services:

The CME Group data center facility, houses the CME Group trading match engines for all products traded on the CME Globex platform and provides the lowest latency connection for our customers. CME Co-Location Connectivity Services offers:

  • CME GLink – A client managed offering that will provide the lowest latency connectivity option to trade CME Group products on CME Globex and is available only at the CME Group co-location facility. CME GLink service utilizes an equidistant Cross Connect to ensure location neutrality within CME Group’s co-location facility.
  • CME Co-Location Services offers 1 Gbps and 10 Gbps with inbound rate limited to 1 Gbps.

For more information, please visit  www.cmegroup.com/colo.

CME Group-Managed Solution:

  • CME DIRECTLink – Our managed solution that offers high capacity Ethernet access at 20, 40, 100 200 and 400Mbps.

Client-Managed Solutions:

  • LNet - A client-managed 1 Gb direct connectivity solution to the CME Globex fiber network via a CME Group-approved third party facility.
  • Jackson Direct - A client-managed 1 Gb direct connectivity solution to the CME Globex fiber network from the Chicago Board of Trade building at 141 W. Jackson, Chicago, IL 60604
  • Client INTERNETLink - A client-managed solution connecting to CME Globex within approved telecommunications vendor clouds.
  • CME Globex Hubs - The hubs allow for client-managed connections from redundant data centers in Hong Kong, Kuala Lumpur, London,  Mexico City, Milan, New York, Paris, Sao Paolo, Seoul and Singapore.
  • CME EConnect - A client-managed 1 Gbps direct connectivity solution to the CME Globex fiber network from the CME Group local points of presence in New York and New Jersey.

Alternatively, a firm may choose to connect indirectly via a Clearing Firm or third-party Application Services Provider (ASP).

  • An indirect connection (e.g., through your Class A Clearing Firm's infrastructure). If you do not have a relationship with a CME Clearing Firm please go to www.cmegroup.com/tools-information/clearing-firms.html or www.cmegroup.com/findabroker.
  • An Application Service Provider (ASP) is a data center that allows you to use their infrastructure for a fee. (You will still need a clearing relationship with a Class A Clearing firm before you can trade). For a list of Independent Software Vendors (ISVs) that offer an ASP solution, see www.cmegroup.com/isv.

More information can be found online at www.cmegroup.com/networkaccess.

Agreements

To connect directly to CME Globex, customers must complete the CME Customer Connection Agreement and relevant schedules:

  • Connection Agreement and Schedule 1
  • Schedule 2 Access Request & Information Form
  • If connecting to CME Group for market data:

Data Centers who provide host connectivity for customers must complete a Data Center Agreement instead of a CME Customer Connection Agreement.

The Data Center and CME Customer Agreements are available at www.cmegroup.com/connectionagreement.

The Scope of Use Document is available by contacting Information Products Management.

Choose your Front-End System

What type of front-end application will you use?

  • Developing your own? Continue to the next step.
  • Leasing from an Independent Software Vendor (ISV)? Skip down to Getting Access
  • Certified ISVs can be found at www.cmegroup.com/isv.

Develop a Proprietary System

If you want to develop to CME Globex for order entry and/or market data, certification is required. The Software Development Kits for iLink order entry and FIX/FAST on the Market Data Platform can be found at www.cmegroup.com/globexsdk.

Developers must use the certification tool AutoCert+. For more information, see the AutoCertPlusAccessGuide.

  • iLink order entry certification requires the AutoCert+ tools
  • FIX/FAST on the Market Data Platform certification requires AutoCert+ only

Test Environments and Certification Tools

CME Group has two customer testing environments: New Release and Certification. The New Release environment is used to introduce new products and functionality prior to their production launch. The Certification environment mirrors production at all times, and is used by firms to test their software against the current production release.

Your CME Globex Account Manager can give you access to both test environments once you have completed and signed Schedule A and Schedule B to the Interface Development Agreement, available at www.cmegroup.com/connectionagreement.

iLink session IDs for the Certification and New Release environments are issued only after we have received Schedule A to the Interface Development Agreement. Your CME Globex Account Manager will set up your firm’s profile, listing the name of your application, type of application, version and all individuals who will be testing.

Note: You must have access to both test environments in order to use the AutoCert+ certification tool.

The following connectivity options are available for access to the certification and New Release environments:

  • CERT VPN
  • CME CERTLink (U.S. customers only), a CME Group managed network solution, 40Mbps
  • CME London CERTLink
  • BTR CERTLink, up to 40Mbps

The CERT VPN is provided free of charge. All other costs can be found on the Interface Developers Agreement Schedule A at www.cmegroup.com/connnectionagreement.

Develop to the iLink Order Entry Interface

An iLink Session ID is a logical connection to CME Globex for order entry and is based on the FIX 4.X protocol. iLink Session ID usage guidelines can be found at www.cmegroup.com/ilink.

Please review the iLink Software Development Kit (SDK) at www.cmegroup.com/ilinksdk.

All new applications must complete certification to iLink via the AutoCert+ tool.

To complete certification, your application must demonstrate the ability to produce an audit trail, with all required fields, in the format specified by CME Group.

  1. Read the documentation on audit trail requirements at www.cmegroup.com/globex/resources/cme-globex-regulatory-documents.html
  2. Contact the Market Regulation Department at audittrail@cmegroup.com to complete audit trail demonstration with test data
  3. Market Regulation will then provide conditional certification to allow your application to connect in production and begin trading
  4. Market Regulation will subsequently conduct an audit on your production audit trail data to provide final certification

Questions concerning the certification process of your audit trail can be directed to audittrail@cmegroup.com.

All applications must also provide adequate credit controls in accordance with the CME Globex Interface Credit Control Certification Requirements, found in Appendix 1 of the Schedule 6 to the CME Customer Connection Agreement at www.cmegroup.com/connectionagreement.

Development and certification support is available by contacting the Certification Support Electronic Trading team (CSET) at +1 312 930 2322 in the U.S., +65 6593 5593 in Asia, or cset@cmegroup.com. CSET is available 3:00 p.m. Sunday through 4:00 p.m. Friday Central Time.

Develop to the Market Data Platform

FIX/FAST is the messaging format used on the Market Data Platform. The Market Data Platform is a dual feed, multicast dissemination vehicle.

Please review the SDK at www.cmegroup.com/mdpsdk.

All new applications must complete certification to FIX/FAST on the Market Data Platform via the AutoCert+ tool.

Development and certification support is available by contacting the Certification Support Electronic Trading team (CSET) at +1 312 930 2322 in the U.S., +65 6593 5593 in Asia, or cset@cmegroup.com. CSET is available 4:00 p.m. Sunday through 4:00 p.m. Friday Central Time.

Getting Access

Your Class A Clearing Firm will request production iLink session ID(s) through your Global Account Manager for every new site, front-end system or server.

Since not all products are cleared by CME Group, you will need to contact your Class A Clearing Firm to access the Hosted Exchanges or exchanges that are available via an order routing agreement (e.g., BM&F BOVESPA). Contact your Global Account Manager to determine if exchange-specific certification is required.

CME Group Risk Management Tools

Your Class A Clearing Firm authorizes access to optional support tools, such as FirmSoft, and registers any GCC Authorized Contacts (via Schedule 3&4 to the CME Customer Connection Agreement).

FirmSoft
a browser-based order management tool that provides real-time access to information on working and filled CME Globex orders and the ability to cancel orders, across multiple firm IDs
www.cmegroup.com/firmsoft
Drop Copy
sends real-time copies of iLink execution reports and reject messages to customers via a separate FIX session
www.cmegroup.com/dropcopy
Cancel on Disconnect (COD)
cancels all resting session/day futures and options orders for registered iLink session IDs upon an ungraceful disconnect
www.cmegroup.com/cod
CME Globex Credit Controls
allows a Class A clearing firm to set pre-execution risk controls through a browser based interface
www.cmegroup.com/gc2
Risk Management Interface (RMI)
an API and GUI that supports granular, pre-trade risk management for Clearing Firms.
www.cmegroup.com/rmi

Resources

CME Global Command Center (GCC)
Provides customer support and problem management to registered contacts. The GCC provides customer support by phone 24 hours a day, from 2:00 p.m. Sunday through 4:45 p.m. Friday, U.S. Central Time.
U.S: 312-456-2391
Europe: 44-20-7623-4708
Asia: 65-6223-1357
www.cmegroup.com/gcc
CME Globex Messaging Efficiency Program
creates fair business guidelines by which customers are billed a surcharge for overly high message rates.
http://www.cmegroup.com/messagingefficiencyprogram
CME Globex Reference Guide
provides a general overview of the Globex Platform electronic trading, products, access, functionality, practices and policies, market operation, and glossary.
www.cmegroup.com/globexreferenceguide
CME Group Customer Forums
venues in which customers can learn about forward-looking development at CME Group, including platform changes, electronic trading policies, new product offerings and other enhancements.
www.cmegroup.com/customerforum
CME Globex Enhancements
working constantly to introduce enhanced functionality and improve performance, this page reflects all the recent and upcoming functionality changes to the CME Globex platform that impact our customers.
www.cmegroup.com/globexenhancements

 

 
Calgary Houston Chicago New York Washington São Paulo Belfast London Singapore Hong Kong Seoul Tokyo
  • © 2013 CME Group Inc. All rights reserved.
  • CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of five Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX, COMEX and KCBT.