Topics in this issue include:

• Aggressor Indicator Changes on CME ClearPort Trade Messages - This Week
• Increase of Trade Price Precision for all CME OTC FX Forward Contracts - This Week ^New
• Price Precision Extension - 2018

New - Aggressor Indicator Changes on CME ClearPort Trade Messages

Effective this Sunday, September 30 (trade date Monday, October 1), the Aggressor Indicator (TrdCaptRpt/RptSide/@AgrsrInd) will only be sent on CME ClearPort messages and subsequent allocation groups and allocation messages when the Aggressor is specified on the original trade submission via CME Direct or CME ClearPort. Currently, all CME ClearPort messages include the Aggressor Indicator, regardless if the indicator was specified.

If the indicator is present on the original trade message, it will also be present on any subsequent allocation messaging.

As a reminder, the Aggressor Indicator is a Fee Criteria and will determine give-up grouping and APS/NVAP allocation splitting.

Please see the CME Clearing House Notice for more information.

This enhancement is currently available in the New Release for customer testing.

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Increase of Trade Price Precision for all CME OTC FX Forward Contracts

Effective this  Sunday, September 30, (trade date Monday, October 1), Chicago Mercantile Exchange Inc. (“CME” or “Exchange”) will increase the trade price precision to eight decimal place locator (DPL) for all Over-The-Counter Foreign Exchange (“OTC FX”) forward contracts which are available for submission for clearing via CME ClearPort as noted in the table below.

The Commodity Futures Trading Commission (“CFTC”) will be notified of the amendments during the week of October 8, 2018 via the weekly notification procedures set forth in Part 40 of the CFTC Regulations.

Please see the Special Executive Report (SER) for more information.

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Price Precision Extension

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 (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.

These enhancements are currently available for testing in New Release.

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