EBS Market on CME Globex Notice

EBS Market on CME Globex Notice

Topics in this issue include:

• Critical Information
  • EBS Market OFF-SEF/OFF-MTF NDF Migration - July 24 New
  • Reminder: Short Code Identifiers on CME Globex New
• Product Changes
  • EBS Metals on CME Globex New
• Announcements and Additional Resources
  • Important Updates to Support Contact Information
  • Save the Date: EBS Market and eFix 2022 Customer Disaster Recovery Exercises New
  • Subscription Center for EBS Market on CME Globex Notice

Critical System Information

New - EBS Market OFF-SEF/OFF-MTF NDF Migration

As previously announced, EBS is restructuring the EBS Market off-SEF NDF venue effective Sunday, July 24 (trade date Monday, July 25), pending regulatory approval. All EBS Market off-SEF/off-MTF NDFs will be migrated to off-SEF/on-MTF UK-regulated multi-lateral trading facility (“MTF”) operated by BrokerTec Europe Limited, which is authorized and regulated by the UK Financial Conduct Authority.

This change will have no impact for the on-SEF/on-MTF NDF venue operated by NEX SEF Limited, nor the EBS Market or EBS Direct FX Spot instruments, which will continue to operate as they do today.

Instrument Attributes
With this migration, the following instrument attributes will be updated:

Attribute	MDP 3.0	Reference Data API
Exchange Identifier Current: EBSC New: XEBS	207-SecurityExchange	exchangeGlobex
MTF Indicator Current: Off New: On	Repeating group 870-NoInstAttrib, 872-InstAttribValue, position 25	onMTF

These changes will be reflected in the MDP Security Definitions and in Reference Data API before the start of trading on Sunday, July 24.

Trading Schedule
The off-SEF/on-MTF NDFs will have a daily trading close, similar to the NEXS on-SEF/on-MTF instruments. All Good for Session (GFS) orders are eliminated at the close, as documented here. Currently, the off-SEF/off-MTF NDFs close weekly.

MiFID Short Code Identifiers
With this migration, CME Globex will validate MiFID short code identifiers for the new off-SEF/on-MTF instruments. Details on the use of Short Code Identifiers in iLink 3 are detailed in the Client Systems Wiki.

Reporting Impacts
The CEOD200 report will be expanded to include both EBSSC-listed instruments and the new BEL-listed instruments.

There will be no impact to market data channels or order entry gateways. The current CME Globex Group Codes, product codes and product names will not change. There is no impact to CEOD201 reports.

The off-SEF/on-MTF NDF instruments will be available for customer testing in the CME Globex New Release environment Monday, July 11. A new supplemental functional certification test in AutoCert+ is mandatory for iLink 3 client systems that support NDF and did not certify for on-SEF/on-MTF NDFs. Client systems that certified for iLink 3 on-SEF/on-MTF NDFs, or that do not support NDF trading, are not required to complete this certification.

Clients interested in trading these off-SEF/on-MTF NDF instruments must complete all required onboarding, including disorderly market certification for algorithms and submission of Personal Identification information (“PII”) for manual and algo traders. Please contact your Global Account Manager directly with any questions.

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New - Reminder: Short Code Identifiers on CME Globex

To meet MiFID requirements, all EBS Market on-SEF and/or on-MTF NDF orders must contain accurate Short Codes registered to a client’s LEI, GFID and GUS. Clients trading in these markets must ensure their Short Codes (and corresponding natural person identifiers where applicable) are registered via the NEX Upload Facility (NUF). Clients are responsible for maintaining NUF Administrators whose role it is to ensure all Short Code information is accurate and registered to the correct entities and to update this information as needed. The EBS Upload Facility User Guide and NUF Registration Form are available online for your convenience.

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Product Changes

New - EBS Metals on CME Globex

As a reminder, the following EBS metals products are listed for trading on CME Globex with new product codes:

Pairs	EBS Ai	Legacy Workstation	iLink 3	EBS Workstation for CME Globex
Small Gold/USD	SAU/USD	XAU/USD	XAU/USD_SM	XAU/USD
Small Gold/EU	SAU/EUR	XAU/EUR	XAU/EUR_SM	XAU/EUR
Small Silver/USD	SAG/USD	XAG/USD	XAG/USD_SM	XAG/USD
Large Silver/USD	XAG/USD	XAG/USD	XAG/USD	XAG/USD 25K
Palladium London	LPD/USD	LPD/USD	XPD/USD_LN	XPD/USD LN
Palladium Zurich	XPD/USD	XPD/USD	XPD/USD	XPD/USD ZH
Platinum London	LPT/USD	LPT/USD	XPT/USD_LN	XPT/USD LN
Platinum Zurich	XPT/USD	XPT/USD	XPT/USD	XPT/USD ZH

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Announcements and Additional Resources

Important Updates to Support Contact Information

Customer support for EBS markets were integrated with the Global Command Center (GCC), resulting in the following EBS customer support contact changes:

• All support queries via email should be sent to gcc@cmegroup.com. All email replies from the GCC will come from this address.
  • All emails sent to ebssupport@cmegroup.com are automatically redirected to gcc@cmegroup.com. 
  • Existing EBS customer support phone numbers have been decommissioned. EBS customer support phone queries should be made using the regional GCC numbers, selecting option 3.
  • The customersupport@ebs.com email address has been decommissioned and emails sent to this address will not be delivered.
• On Friday, June 17, the ebssupport@cmegroup.com email address will be decommissioned.

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New - Save the Date: EBS Market and eFix 2022 Customer Disaster Recovery Exercises

CME Group is offering EBS customers two post-launch opportunities to test with our EBS disaster recovery systems. To help ensure readiness and provide an opportunity for you to test your connectivity to and ability to transact via our DR systems, customers are strongly encouraged to sign up and test with us on the following dates:

• June 11: for customers of EBS Market and eFix – New York FX Spot and New York Metals
• July 9: for customers of EBS Market and eFix – London FX Spot and London NDFs

Going forward, CME Group will aim to provide customers with a chance to test their Production connectivity to EBS DR engines and customer gateways on an annual basis. While we welcome all customers to join us, those that were unable to join one of our pre-launch DR mock trading sessions are specifically advised to participate.

Customers must register in advance to participate. Please review the mock trading script for additional details.

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Subscription Center for EBS Market on CME Globex Notice

Please be aware that customers can now subscribe to receive EBS Market on CME Globex Notices via the Subscription Center, a self-serve online resource for managing email communications from CME Group. The EBS Market on CME Globex Notices are currently sent 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 on CME Globex.

Additional details about how to Subscribe to the EBS Market on CME Globex Notice are now available.

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To view previous versions of EBS Market Integration Notices, see the Advisory Notices page.