• EBS Market Integration Notice: New and Updated Content

      • To
      • EBS Customers
      • From
      • Global Market Solutions and Services
      • #
      • 20210506
      • Notice Date
      • 06 May 2021
    • EBS Market Integration onto CME Globex

      In Q4 2021, subject to applicable regulatory approvals, EBS Market's Central Limit Order Book and eFix Matching Service will launch on CME Globex. You will receive subsequent notices with additional details and actions required to support the EBS Market integration onto CME Globex.

      The EBS Market on CME Globex Launch Schedule is now available with details on New Release and Production milestones.

      Topics in this issue include:

      New - Production Connectivity Options and Order Forms Available Now

      Production Environment connectivity offerings and order forms for EBS markets are now available.

      CME Group requests all Production Connectivity Access Request and Change Forms be submitted by June, 30, 2021 to ensure readiness for the mock trading session(s) in September 2021 and EBS Market launch on CME Globex in Q4 2021.

      If you have any questions, please contact Global Account Management.

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      New - EBS Operational Readiness Guide Available Now

      A new client onboarding and setup resource is now available to assist clients with the integration of EBS Market's central limit order book and eFix Matching Services onto CME Globex.

      The EBS Operational Readiness Guide includes checklists and details required for accessing and setting up EBS services for CME Globex, links to required forms and related resources, and support team contact details.

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      Client Testing for EBS Market and eFix Matching Service on CME Globex

      Market data services for EBS on CME Globex is available now for client testing. These services include:

      • CME MDP Conflated UDP – EBS Ultra New York
      • CME MDP Conflated TCP – Credit Screened New York
      • CME MDP Conflated UDP – EBS Ultra London
      • CME MDP Conflated TCP – Credit Screened London
      • CME MDP Conflated TCP – EBS Ultra Russian Ruble
      • CME MDP Conflated UDP – EBS Ultra OFF SEF NDF
      • CME MDP Conflated TCP – Credit Screened OFF SEF NDF
      • CME MDP Conflated UDP – EBS Ultra ON SEF NDF
      • CME MDP Conflated TCP – Credit Screened ON SEF NDF

      Core features for EBS Market and eFix Matching Service are now available in the CME Globex New Release environment for client and vendor testing, including order entry, Drop Copy and product reference data.

      Full details on features and functionality are available now in the EBS Market on CME Globex Launch Schedule.

      All EBS Market and eFix Matching client systems will need to establish connectivity to the CME Globex New Release environment prior to testing or certifying. See the EBS integration environments overview for details about accessing the test environments. Clients may choose from the following options:

      • CME Cert VPN: a secure, encrypted tunnel through an internet service that supports VPN protocols.
      • CME Cert Data Center: cross-connect to CME Data Center locations (where offered), using a 1Gbps fiber handoff.

      ACTION REQUIRED
      Learn more about how to get set up for testing, including connecting to CME Globex New Release environment and setting up a system profile, company details, and sessions:

      If you have any questions, please contact Global Account Management.

      Please review the following Client Impact Assessments for more details:

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      AutoCert+ Available Now

      The iLink 3 and Drop Copy AutoCert+ test suites are currently available for customer application certification in preparation for the EBS Market launch on CME Globex. AutoCert+ is an automated testing tool for validating client application functionality prior to connecting to and transacting on CME Group platforms. Certification ensures messaging and processing reliability and the capability to gracefully recover during abnormal events.

      CME Group requires that all client systems are certified by AutoCert+ before connecting to the Production environment for:

      For certification assistance or questions, please contact Certification Support for Electronic Trading (CSET).

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      New - iLink 3 EBS Cancel on Conclusion

      To better align with EBS markets in Q4 2021, CME Globex will introduce a Cancel on Conclusion (CoC) functionality that will automatically eliminate all working orders when a session Terminates and disconnects gracefully. All iLink 3 EBS and EBS Workstation sessions are Cancel on Conclusion (CoC) mandatory. This functionality only applies to EBS Market and eFIX Matching Service instruments.

      More detailed information on CoC is now available in iLink 3 - EBS Market on CME Globex.

      CoC will be available in New Release for client testing on Wednesday, May 26.

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      Subscription Center for EBS Market Integration Notice

      Please be aware that customers can now subscribe to receive EBS Market Integration Notices via the Subscription Center, a self-serve online resource for managing email communications from CME Group. The EBS Market Integration Notices are currently sent bi-weekly at 2am Central Time (CT) Thursday and include communications regarding the up-to-date details and actions required for clients to support the EBS Market integration onto CME Globex.

      All clients who currently receive the EBS Market Integration notice will remain on the distribution and will not require any action to continue receiving the notice.  New clients who want to start receiving the EBS Market Integration notice will need to use their CME Group Login to access Subscription Center and select “EBS Market Integration Notices” to subscribe. 

      Additional details about how to Subscribe to the EBS Market Integration Notice are now available.

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