BrokerTec Markets on CME Globex Update: March 7, 2024

Topics in this issue include:

• CRITICAL SYSTEM INFORMATION
  • BrokerTec Stream Trading Hours Extension - March 17
  • iLink 3 BrokerTec US Duplicate Order Validation Change - March 17 
  • iLink 3 BrokerTec Schema Version 5 Decommission - April 14
  • Increased Mass Quote Messaging Reject Threshold - April 21 New
  • iLink 3 Party Details Harmonization - May 19
• PRODUCT LAUNCHES
  • BrokerTec EUROGC+ Spanish, French and German Standard and Minimum Size Baskets on CME Globex - March 17
• ANNOUNCEMENTS AND ADDITIONAL RESOURCES
  • BrokerTec and EBS Customer Disaster Recovery Exercises - July 27

Versions of BrokerTec notices dated March 23, 2023, and onward are available from the Notice Search page. 

Archived BrokerTec notices dated July 2019 through March 9, 2023, are available from the BrokerTec Support Portal, which requires a separate login.  

Critical System Information

BrokerTec Stream Trading Hours Extension

Effective Sunday, March 17 (trade date Monday, March 18) CME Group will extend the BrokerTec Stream opening hours to open at 8:30 a.m. Japan Standard Time to cover APAC and EU trading hours and align with BrokerTec on CME Globex. 

This change is currently available for customer testing in New Release.

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iLink 3 BrokerTec US Duplicate Order Validation Change

Effective Sunday, March 17 (trade date Monday, March 18), CME Globex will implement an enhancement to the iLink 3 Duplicate Order Validation to BrokerTec US on CME Globex.

With this change, if a violation has occurred, any subsequent duplicate messages will continue to be rejected until after a full time interval has passed without any new duplicate messages having been received. 

This change is currently available for customer testing in New Release.

More information about the current Duplicate Order Validation functionality is available in the Client Systems Wiki.

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iLink 3 BrokerTec Schema Version 5 Decommission

Starting Sunday, April 14, BrokerTec on CME Globex will no longer accept iLink 3 schema version 5 messages in the Production environment. Client systems can only send version 8 messages.

Version 8 of iLink 3 for BrokerTec launched in February 2023. The new version 8 schema is currently available for download via the CME SFTP site. More details on the SFTP site is available on Schema Distribution.

Effective with this change, BrokerTec GFE 11.2+ will be required for access in the Production environment.

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New - Increased Mass Quote Messaging Reject Threshold

Effective Sunday, April 21 (trade date Monday, April 22), customers will be able to quote and quote cancel up to 400 messages per second (MPS). Currently, customers can quote or quote cancel a maximum of 375 MPS.

This change will be available for customer testing in New Release on Monday,
March 18.

More information about the current Mass Quote Messaging Thresholds is available in the Client Systems Wiki.

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iLink 3 Party Details Harmonization

Effective Sunday, May 19 (trade date Monday, May 20), CME Group will implement the iLink 3 messaging changes to Pre-Registered administrative information to be consistent with the On-Demand administrative information. These changes will also bring the front-end messaging into alignment with the back-office feeds and simplify the reconciliation process.

Field Capitalization

CME Globex will capitalize tag 1691-PartyDetaiID values on the following Party Detail Roles on the Pre-Registered Party Detail Definition Request Acknowledgment messages sent from Order Entry Service Gateway to Client System. Client systems are not required to send capitalized values to CME Globex, but capitalized values will always be returned.

Field Truncation

CME Group will truncate tag 1691-PartyDetaiID values on the following Party Detail Roles on the Pre-Registered Party Details Definition Request Acknowledgment messages sent from Order Entry Service Gateway to Client System. If this tag values submitted on the Party Details Definition Request message exceeds the required length, iLink 3 will return a truncated required length from the right on the response.

*These fields are optional for BrokerTec products.

These changes are only applicable to the Pre-Registered administrative information. There is no change to the On-Demand Party Detail Definition Request Acknowledgment (tag 35=CY) messages sent from Market Segment Gateway to Client System.

More detailed information on Party Details is available in iLink 3 Party Details Definition Messaging.

These changes are currently available for customer testing in New Release.

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Product Launches

BrokerTec EUROGC+ Spanish, French and German Standard and Minimum Size Baskets on CME Globex

Effective Sunday, March 17 (trade date Monday, March 18), the following BrokerTec EUROGC+ Spanish, French and German Standard and Minimum Size General collateral (GC) baskets will be listed on CME Globex.

These changes are currently available for customer testing in New Release.

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Announcements and Additional Resources

BrokerTec and EBS Customer Disaster Recovery Exercises

CME Group strongly encourages all EBS and BrokerTec customers to register to test with our disaster recovery systems, to help ensure readiness and test your ability to transact via our DR systems.

• Saturday, July 27 - US and Europe Markets (BrokerTec & EBS)

If you are interested in participating in our upcoming Disaster Recovery (DR) Mock Trading Session, please register your interest by completing the following form:

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