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
Price Precision Extension CME Globex January 13, 2019 Available

Price Precision Extension

† Denotes update to the article

CME Group is implementing end-to-end technology changes to support increased price granularity. Currently, CME Group systems support a maximum of 7 decimals. With this initiative, products with up to 9 decimals may be listed and traded. On Sunday, January 13, 2019 (trade date Monday, January 14), pending regulatory approval, the 2-Year Treasury Note futures, all 2-Year Treasury Future Spreads (including Calendar Spreads, Tail Spreads and Inter-Commodity Spreads with a 2-Year Treasury Future) along with the futures portion of covered options UDS, will move from 7 decimals to 8 to support trading at 1/8 of 1/32.

Customers are encouraged to move to support 9 decimals now; but there are no plans to list a product that uses the 9th decimal at this time.

With this release, customer certification will be required for MDP 3.0 and Streamlined SBE.  The new Market Data templates are currently available in New Release and the AutoCert+ test suite is now available for certification.

Starting Sunday, August 12, the price precision extension rollout will begin with MDP 3.0 in production over several weekends.

On Sunday, November 4, a production test instrument for the 2-Year Treasury Note futures will be launched on CME Globex. This new test instrument will give customers the ability to confirm system readiness for the introduction of 8-digit decimal price precision. Upon the launch of this test instrument, clients whose systems are not yet prepared to handle 8 decimal precision must ensure their systems have the ability to ignore market data and iLink/Drop Copy execution reports on this new instrument.

Price Precision Timeline:

 

 

Customer Mock Trading Sessions

To ensure customers can process the market data, CME Group will offer three customer mock trading sessions prior to each schema rollout group and Globex test instrument launch. Select the dates below to view the respective test scripts:

Customers are required to register and join the conference bridge line to participate in the mock trading sessions.

For complete impacts, rollout information and dates, please refer to Key Events and Dates in the Client Impact Assessment.

The Client Impact Assessment includes additional information on the following:

  • CME Globex iLink
  • CME Globex MDP3 and Mandatory Certification
  • Streamlined MDP and Mandatory Certification
  • ITC
  • CME Globex Drop Copy
  • Referential Data
  • Production Globex Test Instrument

Please watch the Price Precision Extension Technology Webinar for a technical impact overview.

These changes are currently available in New Release for customer testing. The 2-Year Treasury Note futures are available in New Release with 1/8 of 1/32 tick.

Includes the following services:

  • STP
  • Drop Copy
  • ConfirmHub
Enhancements Service Production New Release
Price Precision Extension - CME STP CME STP FIX January 13, 2019 June 11, 2018
Price Precision Extension - CME STP FIX CME STP FIX January 13, 2019 June 11, 2018

Price Precision Extension - CME STP

CME Group is implementing end-to-end technology changes to support increased price granularity. Currently, CME Group systems support a maximum of 7 decimals. With this initiative, products with up to 9 decimals may be listed and traded. Effective Sunday, January 13, 2019 (trade date Monday, January 14), pending regulatory approval, the 2 Year Treasury Note futures and spreads will move from 7 decimals to 8 to support trading at 1/8 of 1/32.

Customers are encouraged to move to support 9 decimals now; but there are no plans to list a product that uses the 9th decimal at this time.

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 on Monday, June 11.

Price Precision Extension - CME STP FIX

CME Group is implementing end-to-end technology changes to support increased price granularity. Currently, CME Group systems support a maximum of 7 decimals. With this initiative, products with up to 9 decimals may be listed and traded. Effective Sunday, January 13, 2019 (trade date Monday, January 14), pending regulatory approval, the 2 Year Treasury Note futures and spreads will move from 7 decimals to 8 to support trading at 1/8 of 1/32.

Customers are encouraged to move to support 9 decimals now; but there are no plans to list a product that uses the 9th decimal at this time.

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 on Monday, June 11.

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