The Early Access program allows clients to verify their business readiness for the migration to CME Globex before the hard cut-over; although any trading will be executed, binding and subject to the relevant rules it is not a fully "public live" environment. During Early Access, clients can trade on the new CME Globex platform in parallel with trading on the legacy EBS environment, before the hard cut-over. All Early Access Production instruments will remain active on the legacy EBS Market system.

All trades on CME Globex during Early Access are live trades and should be settled accordingly. As it relates to NDF trading, CME Group recognises that some clients may be required to report details of NDF transactions concluded during Early Access to regulators (for example those firms which are MiFID investment firms and subject to transaction reporting under MiFIR). In this respect, please note that details of trades concluded in Early Access will be sent via EBS CPT; none of these details or their provision should be taken as advice, suggestion or a view on a client’s reporting obligations. These details will include the EBSC Market Identifier Code (MIC) which is currently allocated to trades concluded in off-SEF NDFs on the legacy EBS system and which will also remain valid post the hard cut-over to CME Globex. The reason this MIC is provided is that it is part of the legacy technology platform and is currently inbuilt into the systems in preparation for the hard cut-over in May 2022. 

During Early Access, clients can trade on the new CME Globex platform in parallel with trading on the legacy environment, before the hard cut-over. All Early Access Production instruments will remain active on the legacy EBS Market and eFix system.

Please note: clients who participate in Saturday Mock Trading Sessions and/or DR exercises must remove all Saturday data from their systems before the start of trading on Sunday.

Register Now

Table of Contents

Schedule

Early Access trading on the CME Globex platform will be available February 13 through May 13, 2022.

The trading hours on CME Globex will match the current EBS Market and eFix trading hours on the legacy platform.

Scope

Products

The following products will be tradable on both the current and the CME Globex trading platforms throughout the trading week:

Product Name	CME Globex Product Code	CME Globex Instrument Symbol	CME Globex Exchange ID	CME Globex Group Code	Market Segment ID	MDP UDP Channel	MDP TCP Channel	eFix	NDF
FXSPOT.USD/CAD	6DCAD	USD/CAD	EBSC	6SUS	36	528	532
FXSPOT.AUD/USD	6AUS	AUD/USD	EBSC	6SUS	36
FXSPOT.USD/SGD	6DSGD	USD/SGD	EBSC	6SEM	38	529	533
FXSPOT.USD/NOK	6DNOK	USD/NOK	EBSC	6SEM	38
FXSPOT.USD/CAD WM_LN	EW6DCD	USD/CAD WM 1600 LN	EBSC	ENW	36	N/A	532
FXSPOT.USD/SGD WM_LN	EW6DSG	USD/SGD WM 1600 LN	EBSC	ELW	38	N/A	533
FXNDF.USD/KRW.1M†	KRW1M	KRW 1M	EBSC	RNDF	38	530	534
FXSPOT.XAU/USD_SM	GCUS	XAU/USD SM	EBSC	SPMT	36	528	532

†The 1 Month USD/KRW off-SEF NDF will be available for a reduced trading schedule on CME Globex (all times UTC):

• Available until May 6, 2022
• Monday-Friday
• Open: 00:00
• Close: 03:00
• Open: 05:00
• Close: 08:00

NDF trading in Early Access will be available only for off-SEF instruments. Customers who engage in the trading of NDF instruments during Early Access represent and warrant that they are not “U.S. persons” or have a U.S. person “guarantee” as provided by the CFTC Final Rule on Cross-Border Application of the Registration Thresholds and Certain Requirements Applicable to Swap Dealers and Major Swap Participants published 14 September 2020 (the “Rule”), including as indicated by the ISDA U.S. Self-Disclosure Letter published 15 January 2021, or otherwise as determined by the Rule; and that they will not allow a “U.S.-located person” as defined in the CFTC Division of Market Oversight Guidance on Application of Certain Commission Regulations to Swap Execution Facilities dated 15 November 2013 to trade NDFs during Early Access.

Services

The following client-facing solutions will be available for Early Access:

• Starting March 7, EBS Workstation will be available during Early Access via WebConnect. Clients must be set up with CPT for CME Globex and the EBS Risk Management services to participate. Space is limited - Register now with your EBS Account Executive.
• CME Customer Center to manage and view entitlements and session configurations;
• Firm Admin Dashboard to manage and view Self-Match Prevention IDs
• FirmSoft for viewing working orders and trades, and cancelling working orders;
• EBS Risk Management GUI and API to view credit utilizations and access Kill Switch;
• Please note: Risk Management tools are only available to entitled users at Prime Banks and Bilateral participants.
• Reference Data API to obtain product and instrument information;
• iLink 3 MSGW and CGW sessions, IPs, and ports to enter orders;
• Drop Copy sessions, IPs, and ports to receive iLink 3 acknowledgements and trade reports.
• EBS Ai for CME Globex for entering orders and receiving market data;
• TCP MDP 3 sessions, IPs, and ports to subscribe to Credit Screened, Ultra and Spectrum market data;
• Multicast (UDP) MDP 3 channels to receive Ultra market data;
• EBS CPT FIX and EBS CPT TOF sessions to receive trade and post-trade confirmations​; and
• Critical EBS Reports via EREP or sFTP.
• All Market Integrity controls.

EBS Reporting

The following EBS Reports will be available for Early Access over EREP or sFTP:

Credit Considerations

In Early Access, and with the migration to CME Globex, credit administration will be managed through the new EBS Risk Management. 

For Early Access, a copy of existing credit groups and their limits will be applied to CME Globex and will be viewable in EBS Risk Management.

Disaster Recovery

The CME Globex disaster recovery sites are out of scope for Early Access. In the event of a data center failure, EBS Markets and eFix on CME Globex will cease trading and clients should continue trading on the legacy platform exclusively.

Pre-Requisites

Advance registration is mandatory to trade on CME Globex during Early Access.

Register Now

Registrations received by 5:00 p.m. Central time (CT) Tuesdays will have access to trading on CME Globex the following week. Clients only need to register once. Clients can join Early Access at any time; for instance, registrations on February 8 will be able to trade on CME Globex starting February 13; registrations received on February 20 will be able to trade on CME Globex starting February 28.

If you have any questions about the Early Access pre-requisites, please contact your Global Account Manager directly or at globalaccountmanagement@cmegroup.com.

Entity, Entitlements, and Participant Referential Data

During Early Access, entity, entitlements and client referential data will be copied weekly from the current trading platform to CME Globex. Clients may not make any changes to this information via CME Group systems and must continue to update their information via the legacy services (e.g., TFA).

This data includes GFID and GUS.

Market Integrity

All CME Globex market integrity services will be enabled for EBS Market and eFix during Early Access:

• Automated port closure
• Messaging controls (rolling 3 seconds)
• Cancel on Disconnect
• Cancel on Conclusion
• Maximum and Minimum Order Sizes
• Kill Switch
• Price Banding

Support

Customer support from the Global Command Center (GCC) is available 24 hours a day, 14:00 Sunday through 16:30 Friday, Central Time.

• United States: +1 800 438 8616
• Europe: +44 20 7623 4747
• Asia: +65 6532 5010

Further Resources

Detailed information on the EBS Market and eFix integration to CME Globex is available in the:

• EBS Market Integration Notices
• CME Group Client Systems Wiki