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
iLink 3 BrokerTec US Duplicate Order Validation Change - This Week
Effective this Sunday, May 19 (trade date Monday, May 20), 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.
| MARKET SEGMENT ID | DESCRIPTION | PRODUCTION LAUNCH |
|---|---|---|
| 40 | BrokerTec US Treasury Actives | May 19, 2024 |
| 42 | BrokerTec US Repo |
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.
iLink 3 Party Details Harmonization - This Week
Effective this 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.
| ILINK 3 PARTY DETAILS DEFINITION REQUEST ACKNOWLEDGMENT (TAG 35=CY) | ||||
|---|---|---|---|---|
| TAG 1693 - PARTY DETAIL ROLE |
CURRENT SUBMITTED/RETURN TAG 1691- PARTYDETAILID VALUE BEHAVIOR |
NEW RETURN TAG 1691- PARTYDETAILID VALUE BEHAVIOR |
||
| 24 (customer account) 1000 (take up account) |
aBcde | ABCDE | ||
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.
| ILINK 3 PARTY DETAILS DEFINITION REQUEST ACKNOWLEDGMENT (TAG 35=CY) | |||
|---|---|---|---|
| * TAG 1693 - PARTY DETAIL ROLE | REQUIRED LENGTH | CURRENT SUBMITTED/RETURN TAG 1691- PARTYDETAILID VALUE BEHAVIOR |
NEW RETURN TAG 1691- PARTYDETAILID VALUE BEHAVIOR |
| 24 (customer account) | 12 | 1234567890987Account | 90987ACCOUNT |
| 1000 (take up account) | 11 | 1234567890987Account | 0987ACCOUNT |
| 96 (take up firm) | 3 | 10f23 | f23 |
*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.
iLink 3 Order Cancel and Cancel/Replace Requests by ClOrdID - June 15
Starting Sunday, June 15 (trade date Monday, June 16), CME Group will begin launching a new risk management feature that allows clients to cancel and modify resting orders using FIX tag 11-ClOrdID, without providing tag 37-OrderID. This feature will be enabled for all BrokerTec Markets on CME Globex.
As a reminder, clients must ensure all working orders have a unique tag 11-ClOrdID value per SenderComp and market segment.
| iLink 3 Order Cancel and Cancel/Replace Requests by ClOrdID | ||
|---|---|---|
| Market Segment ID | Description | Production Date |
| 44 | BrokerTec EGB | June 16, 2024 |
| 46 | BrokerTec EU Repo | |
| 40 | BrokerTec US Treasury Actives | June 30, 2024 |
| 42 | BrokerTec US Repo | |
Please review the Client Impact Assessment for full technical details and launch schedule.
Product Changes
NewChange to BrokerTec US RV Curve and Butterfly Contract Leg Ratios - This Week
Effective this Sunday, May 19 (trade date Monday, May 20), the BrokerTec RV Curve and Butterfly contract leg ratios will be amended as follows.
| CHANGE TO BROKERTEC US RV CURVE AND BUTTERFLY CONTRACT RATIOS | |||
|---|---|---|---|
| PRODUCT | SYMBOL | CURRENT LONG NAME | NEW LONG NAME |
| UST 2YR vs 5YR RV Curve | UB2:05 | 2Y/5Y 7:3 Ratio – 7:3 | 2Y/5Y 5:2 Ratio – 5:2 |
| UST 2YR vs 30YR RV Curve | UB2:30 | 2Y/30Y 9:1 Ratio – 9:1 | 2Y/30Y 8:1 Ratio – 8:1 |
| UST 3YR vs 20YR RV Curve | UB3:20 | 3Y/20Y 5:1 Ratio – 5:1 | 3Y/20Y 9:2 Ratio – 9:2 |
| UST 5YR vs 30YR RV Curve | UB5:30 | 5Y/30Y 4:1 Ratio – 4:1 |
5Y/30Y 7:2 Ratio – 7:2 |
| UST 7YR vs 30YR RV Curve | UB7:30 | 7Y/30Y 3:1 Ratio – 3:1 | 7Y/30Y 5:2 Ratio – 5:2 |
| UST 10YR vs 20YR RV Curve | UB10:20 | 10Y/20Y 5:3 Ratio – 5:3 | 10Y/20Y 3:2 Ratio – 3:2 |
| BTUS-UST 2YR vs 5YR vs 10YR BFLY | RB2510 | 2Y/5Y/10Y 5:4:1 Ratio – 5:4:1 | 2Y/5Y/10Y 8:7:2 Ratio – 8:7:2 |
| BTUS-UST 7YR vs 10YR vs 20YR BFLY | R71020 | 7Y/10Y/20Y 5:7:2 Ratio – 5:7:2 | 7Y/10Y/20Y 2:3:1 Ratio – 2:3:1 |
This change is currently available for customer testing in New Release.
Change to Minimum Price Increment for 7-Year U.S. Treasury Note on BrokerTec - June 2
Effective Sunday, June 2 (trade date Monday, June 3), tag 969-MinPriceIncrement for the 7-Year Note on BrokerTec will be changed as follows:
| CHANGE TO MINIMUM PRICE INCREMENT FOR 7-YEAR U.S. TREASURY NOTE ON BROKERTEC | ||||
|---|---|---|---|---|
| PRODUCT | MDP 3.0: TAG 6937-ASSET | ILINK: TAG 55-SYMBOL MDP 3.0 TAG 1151-SECURITY GROUP |
CURRENT TAG 969-MINPRICEINCREMENT | NEW TAG 969-MINPRICEINCREMENT |
| 7-Year U.S. Treasury Note |
UB07 | USBD | 1/2nd of 1/32nd (0.015625) |
1/4th of 1/32nd (0.0078125) |
This change is currently available for customer testing in New Release.
Change to Maximum Order Quantity for BrokerTec European Government Cash Bills and Bonds on CME Globex - Late June
In late June, the Maximum Order Quantity will be reduced for following BrokerTec European cash instruments on CME Globex:
| Change to Maximum Order Quantity for BrokerTec European Government Cash Bills | ||||
|---|---|---|---|---|
| PRODUCT | MDP 3.0: TAG 6937-ASSET | ILINK: TAG 55-SYMBOL MDP 3.0 TAG 1151 - SECURITY GROUP | CURRENT TAG 1140 - MAXTRADEVOL | NEW TAG 1140 - MAXTRADEVOL |
| BELGIAN BILLS | BEBILL | EUBD | 9999 | 999 |
| GERMAN BILLS | DEBILL | EUBD | ||
| SPAIN BILLS | ESBILL | EUBD | ||
| ESM BILATERAL BILLS | ESMBIL | GBIL | ||
| EUROPEAN UNION BILLS | EUBILL | EUCA | ||
| FINLAND BILATERAL BILLS | FIBILL | GBIL | ||
| FINLAND BILLS | FILBIL | EUBD | ||
| FRANCE BILLS | FRBILL | EUBD | ||
| IRELAND BILAT BILLS | IEBILL | GBIL | ||
| ITALIAN BILLS | ITBILL | EUBD | ||
| NETHERLANDS Bilateral Bills | NLBBIL | GBIL | ||
| NETHERLANDS BILLS | NLBILL | EUBD | ||
| PORTUGAL BIL BILLS | PTBBND | GBIL | ||
| PORTUGAL BILLS | PTBILL | EUBD | ||
| Change to Maximum Order Quantity for BrokerTec European Government Cash Bonds | ||||
|---|---|---|---|---|
| PRODUCT | MDP 3.0: TAG 6937-ASSET | ILINK: TAG 55-SYMBOL MDP 3.0 TAG 1151 - SECURITY GROUP | CURRENT TAG 1140 - MAXTRADEVOL | NEW TAG 1140 - MAXTRADEVOL |
| AUSTRIAN BOND | ATBOND | EUBD | 9999 | 499 |
| Austrian Bilateral EU Cash Bond | ATCBND | GBIL | ||
| BELGIAN BONDS | BEBOND | EUBD | ||
| GERMAN BOND | DEBOND | EUBD | ||
| SPAIN BONDS | ESBOND | EUBD | ||
| SPAIN Bilateral Cash BONDS | ESCBND | GBIL | ||
| ESM Bilateral EU Cash Bond | ESMBND | GBIL | ||
| European Union Bond | EUBOND | EUCA | ||
| FINLAND BONDS | FIBOND | EUBD | ||
| FRANCE BONDS | FRBOND | EUBD | ||
| GREECE BONDS | GRBOND | GBIL | ||
| IRELAND BONDS | IEBOND | EUBD | ||
| ITALIAN BONDS | ITBOND | EUBD | ||
| KFW GERMANY CCP BOND | KFWBND | EUCA | ||
| NETHERLANDS BONDS | NLBOND | EUBD | ||
| PORTUGAL BONDS | PTBOND | EUBD | ||
| SLOVENIA BONDS | SIBOND | EUBD | ||
| SLOVAKIA BONDS | SKBOND | EUBD | ||
| European Investment Bank BOND | XSBOND | EUCA | ||
These changes are currently available for customer testing in New Release.
These bills and bonds are listed with, and subject to, the rules and regulations of CME.
Announcements and Additional Resources
BrokerTec and EBS Customer Disaster Recovery Exercises - July 27
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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