To view previous versions of EBS Market Integration Notices, see the Notice Search page.
Critical System Information
CME STP Migration for EBS Customers - December 31, 2024
Central Post Trade (CPT) TOF and FIX will be decommissioned on December 31, 2024.
All EBS clients must migrate to CME STP solutions before the decommission. Both CME STP and CME STP FIX currently support EBS trades as well as BrokerTec on CME Globex, BrokerTec Stream, and CME Group futures and options.
Start planning your CPT migration now to ensure no interruption of service, and continued access to new products and features, which will only be supported in CME STP.
To facilitate your migration, Message Specifications and CME STP FIX Data Dictionary are now available along with Migration Guides for CPT TOF and CPT FIX to CME STP.
CME STP for EBS FX Markets are currently available for customer testing in New Release. Functional certification is required.
Please contact Global Account Management with any questions regarding this migration.
NewDecommission of EBS Central Post Trade Email Service - December 31
EBS Central Post Trade (CPT) email service will be decommissioned on December 31.
EBS clients who currently use CPT email service are recommended to use CME STP Trade View. The CME STP Trade View trade details PDF feature has been designed to replace the CPT email PDF.
NewEBS FX Trade Support in CME STP Trade View - Now Available
Effective immediately, EBS FX trades are now supported in the CME STP Trade View application.
CME STP Trade view has been enhanced with Profile support. EBS clients can use the predefined profile that is tailored for EBS trades and have the ability to save custom profiles. Additional details of Profile management is available in the STP Trade View User Help.
The PDF and Simplified Trade details view has been enhanced to support EBS FX Trades.
In the trade search result view (blotter view), the Transaction Time field has been changed from Central Time (CT) to Universal Time Coordinate (UTC).
These changes are currently available for customer testing in New Release.
EBS Direct Taker API Incremental Market Data Support for Single Ticket - Late May
In late May, CME Group will be enhancing EBS Direct Taker API’s Market Data (ESP) by adding Incremental Market Data support for Single Ticket Pricing. This change will allow Taker API customers to request incremental market data through their MarketDataRequest(35=V) message:
- MDUpdate Type (265) = Incremental(1)
| EBS Direct Taker API Incremental Market Data Support for Single Ticket | |
|---|---|
| REGION | PRODUCTION DATE |
| New York | Available |
| London + Tokyo | Late May |
Customers who choose to support this will be required to certify. This enhancement is currently available in New Release for customer testing.
Please contact Certification Support for Electronic Trading (CSET) at +1 312 930 2322 in the US, +44 20 3379 3803 in Europe, or +65 6593 5593 in Asia for assistance.
EBS NDF Market Data Channel Enhancements - June 2
Effective Sunday, June 2 (trade date Monday, June 3), the conflation interval for the new Ultra channels will be further reduced.
Please review the Client Impact Assessment for full technical details and launch schedule.
Reduced Minimum Quote Life (MQL) for ON and OFF SEF Asian 1M NDFs - June 2
Effective Sunday, June 2 (trade date Monday, June 3), the Minimum Quote Life (MQL) for the following ON and OFF SEF products traded on EBS Market on CME Globex via the legal entities NEX SEF (ON SEF) and EBS UK MTF (OFF SEF) will be reduced to 50 milliseconds. Currently MQL is set to 100 milliseconds.
Minimum Quote Life (MQL) is an instrument attribute reflected as minQuoteLife on the CME Reference Data API and in FIX tag 37731-MinQuoteLife in the MDP 3.0 Security Definition (tag 35-MsgType=d) message.
| REDUCED MINIMUM QUOTE LIFE (MQL) for ON and OFF SEF ASIAN 1M NDFS | |||
|---|---|---|---|
| PRODUCT | MDP 3.0: TAG 6937-ASSET | ILINK: TAG 55-SYMBOL MDP 3.0 TAG 1151 - SECURITY GROUP | MARKET TYPE |
| Chinese Yuan 1 Month | CNY1M | RNDF | EBS Market |
| Chinese Yuan 1 Month SEF | CNY1MS | SNDF | EBS Market |
| Indonesian Rupiah 1 Month | IDR1M | RNDF | EBS Market |
| Indonesian Rupiah 1 Month SEF | IDR1MS | SNDF | EBS Market |
| Indian Rupee 1 Month | INR1M | RNDF | EBS Market |
| Indian Rupee 1 Month SEF | INR1MS | SNDF | EBS Market |
| Korean Won 1 Month | KRW1M | RNDF | EBS Market |
| Korean Won 1 Month SEF | KRW1MS | SNDF | EBS Market |
| Malaysian Ringgit 1 Month | MYR1M | RNDF | EBS Market |
| Malaysian Ringgit 1 Month SEF | MYR1MS | SNDF | EBS Market |
| Philippine Peso 1 Month | PHP1M | PNDF | EBS Market |
| Philippine Peso 1 Month SEF | PHP1MS | SPHP | EBS Market |
| Taiwan Dollar 1 Month | TWD1M | RNDF | EBS Market |
| Taiwan Dollar 1 Month SEF | TWD1MS | SNDF | EBS Market |
This change is currently available for customer testing in New Release.
Access to EBS Market NDFs - October 2024
Starting October 2024, EBS NDF trading will move to a single liquidity pool. This consolidation will drive trading and operational efficiencies for the FX marketplace by creating a unified global liquidity pool for NDF trading on EBS.
The move will consolidate the current two pools of NDF trading (on-SEF/on-MTF and off-SEF/on-MTF) into a single liquidity pool on the EBS UK MTF, operated by BrokerTec Europe Limited (subject to regulatory approval). More information on this initiative will be communicated over the coming months, including onboarding information for US customers transitioning to the EBS UK MTF.
In the meantime, since January 1, 2024, US clients are able to access the EBS UK MTF as a Prime Customer trading in the name of and on behalf of a Prime Bank which is not a US client. This follows the standard EBS Prime model, where a participant will need to contract with both BrokerTec Europe Limited for access to the EBS UK MTF and their designated Prime Bank(s). This expansion of access follows from the announcement in June 2023, that qualified offshore branches of US persons are eligible to participate on the EBS UK MTF.
For any questions or more information, contact cmefxemergingccys@cmegroup.com or your EBS account representatives.
Announcements and Additional Resources
EBS and BrokerTec 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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