Fee Multiplier Tag To Be Added To Real-Tme Clearing Messaging for S&P 500 TRI Futures on April 1, 2019

On Monday, December 3, 2018, CME will extend the listing schedule for futures contracts on the S&P 500 Total Return Index (clearing product code TRI), and together with this extension will introduce a tiered fee schedule, where maturities in the first two years (zero to 23 months out) are charged a base rate, maturities in the next three years (24 to 59 months out) are charged twice the base rate, and the furthest out maturities (60 months and more) are charged four times the base rate. Also on that date, CME will launch trading in futures on four additional Total Return Indices: the Nasdaq 100, the Russell 1000, the Russell 2000, and the Dow Jones. To facilitate firms’ automation of processing for these contract-specific fee rates, on Monday, April 1, 2019, CME will begin including a standard FIXML attribute, the Fee Multiplier (@FeeMult, in FIXML-speak), on real-time FIXML messages to firms for trades and allocations, for products such as the TRI futures which have a maturity-specific multiplier. 

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