• CME STP Notices: January 3, 2018

      • To
      • CME STP Customers
      • From
      • Global Market Solutions & Services
      • #
      • 20180103
      • Notice Date
      • 03 January 2018
    • CME STP

      CME FX Link Messaging in CME STP - February 25

      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 is currently available for customer testing in New Release.

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      Price Precision Extension - 2018

      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 be implemented 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.

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      CME STP FIX

      Side Trade Regulatory Timestamp Tag Order Update  - February 4

      Effective Sunday, February 4 (trade date Monday, February 5), to align with FIX protocol standards, tag 1012-Timestamp will precede tag 1013-TimestampType in the SideTrdRegTS repeating group CME STP FIX Trade Capture Report messages.

      This change will be available for customer testing in New Release on Tuesday, January 23.

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      CME FX Link Messaging in CME STP FIX  - February 25

      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 is currently available for customer testing in New Release.

      Back to Top

      Price Precision Extension - 2018

      In the second half of 2018, CME STP FIX 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 be implemented 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.

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      CME STP Trade View

      CME FX Link Messaging in CME STP Trade View  - February 25

      Effective Sunday, February 25 (trade date Monday, February 26), CME FX Link, a new spot FX basis spread, will launch 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.  

      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

      CME FX Link trades is currently available in CME STP Trade View for customer testing in New Release.

      Learn more about CME FX Link on CME Globex.

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      CME STP BaCE

      New New - CME ConfirmHub Rebranded to CME STP BaCE 

      CME ConfirmHub API has been rebranded as CME STP BaCE API (bilateral and cleared elswehere). The Client Systems Wiki documentation has been updated to reflect this change. This will not impact urls, attribute names, or any other currently supported functionality.

      Customers who are subscribed to CME ConfirmHub notices via the CME Group Subscription Center will automatically be subscribed to the CME STP notices.

       

      Contacts

      Please contact the following support teams for:

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