For the latest roadmap of CME Group technology initiatives:
See the Development Launch Schedule.
Additional Resources
- Weekly CME Globex Notices provide the latest information on listed derivatives and are available at 8 a.m. CT Thursdays.
- Previous EBS Market on CME Globex Notices are available from the Notice Search page.
Critical System Information
CME FX Spot+ - March 2025
Effective March 2025, CME Group will launch CME FX Spot+, a new tradable spot FX instrument, leveraging CME FX Link liquidity to bring together OTC spot FX and FX futures.
CME FX Spot+ will enable spot FX market participants to tap into CME FX futures liquidity through an open, transparent central limit order book while giving FX futures users broader access to OTC liquidity. This unique liquidity connection will be made possible by implied matching through CME FX Link, a liquid, tradable spread between OTC spot FX and FX futures.
The FX Spot+ products will be available for the following currency pairs: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY, USD/CAD, USD/CHF and USD/MXN.
All of the FX Spot+ products are currently available in the New Release environment for customer testing.
iLink 3 certification is required to trade the CME FX Spot+. The new AutoCert+ supplemental test suite is now available for customer certification.
More information on these new products and the associated messaging and functionality enhancements is available in the FX Spot+ client impact assessment. A new FX Spot+ Credit Overview is also available with credit features and details for both FX Link and FX Spot+.
The Straight Through Processing (STP) client impact assessment for CME FX Link and FX Spot+ is available.
CME FX Spot+ Specification Update
The CME FX Spot+ client impact assessment has been updated to reflect the following updates:
- Updated trading schedules for the New Zealand Dollar/US Dollar (NZD/USD)
- Removed GTC/GTD from CME FX Spot+ supported order qualifier
Product Changes
NewReduced Minimum Quote Life (MQL) for Asia NDF Products - February 2
Effective Sunday, February 2 (trade date Monday, February 3), the Minimum Quote Life (MQL) for the following NDF Instruments traded on the EBS UK MTF (operated by BrokerTec Europe Limited on CME Globex) will be reduced to 20 milliseconds. Currently MQL is set to 50 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) | |||
|---|---|---|---|
| PRODUCT | MDP 3.0: TAG 6937-ASSET | ILINK: TAG 55-SYMBOL MDP 3.0 TAG 1151 - SECURITY GROUP | MARKET TYPE |
| FXNDF.USD/CNY.1M | CNY1M | RNDF | EBS Market |
| FXNDF.USD/IDR.1M | IDR1M | RNDF | EBS Market |
| FXNDF.USD/INR.1M | INR1M | RNDF | EBS Market |
| FXNDF.USD/KRW.1M | KRW1M | RNDF | EBS Market |
| FXNDF.USD/MYR.1M | MYR1M | RNDF | EBS Market |
| FXNDF.USD/PHP.1M | PHP1M | PNDF | EBS Market |
| FXNDF.USD/TWD.1M | TWD1M | RNDF | EBS Market |
In addition the Alternate Minimum Quote Life FIX tag 37738-AltMinQuoteLife for FXNDF.USD/TWD.1M traded on EBS Market on CME Globex will be reduced to 30 milliseconds. Currently MQL is set to 100 milliseconds.
This change will be available for customer testing in New Release on Sunday, January 26.
Post-Trade
CME STP - DigiCert Root CA Certificate Update
CME STP post-trade services use DigiCert as the certificate authority for the Transport Layer Security (TLS) protocol. CME Group is rolling out the changes being implemented by DigiCert to its root and intermediate CA certificates now through the end of January. In order to avoid service disruptions, all client systems of CME STP, are recommended to establish trust with the updated certificates by installing the new certificates.
NewCME STP FIX - Unique Transaction Identifier Support for EBS FX Spot - February 23
Effective Sunday, February 23 (trade date Monday, February 24), to harmonise the messaging across EBS FX trades, CME Group will add the Unique Transaction Identifier (UTI) to trades on EBS FX Spot in SideRegulatoryTrdIDGrp repeating group of Trade Capture Reports (tag 35-MsgType=AE) with tag 10029-SideRegulatoryTradeEvent=0 (Initial) and tag 10030-SideRegulatoryTradeType=0 (Current).
| FIX Tag | Value of |
|---|---|
| 10027-SideRegulatoryTradeID | The Unique Transaction Identifier for the FX Spot trade |
| 10028-SideRegulatoryTradeIDSrc | Legal Entity Identifier Always set to ‘213800Y1KZLBMHGMTJ05’ for FX Spot |
This change is currently available in New Release for customer testing.
NewCME STP FIX - New Sub Party Role for EBS Trades - February 23
Effective Sunday, February 23 (trade date Monday, February 24), CME Group will add a new SubParty, “Counter Party’s full name” in Trade Capture Report (tag 35-MsgType=AE) for EBS FX trades, as SubID of the Settlement counterparty. This will be under PartyRole=90 (Counterparty Public ID) when PartyIDSource=D (Proprietary/Custom Code) with PartySubIDType=5 (Full legal firm name).
| FIX Tag | Value of |
|---|---|
| 523-PartySubID | Counter Party’s full name |
| 803-PartySubIDType | 5 (Full legal firm name) |
This change is currently available in New Release for customer testing.
NewCME STP FIXML - Unique Transaction Identifier Support for EBS FX Spot - February 23
Effective Sunday, February 23 (trade date Monday, February 24), to harmonise the messaging across EBS FX trades, CME Group will add the Unique Transaction Identifier (UTI) to trades on EBS FX Spot in /TrdCaptRpt/RptSide/RegTrdID repeating group of Trade Capture Reports (/TrdCaptRpt) with attribute @Evnt=0 (Initial) and @Typ=0 (Current).
| FIXML Attribute | Value of |
|---|---|
| @ID | The Unique Transaction Identifier for the FX Spot trade |
| @Src | Legal Entity Identifier Always set to ‘213800Y1KZLBMHGMTJ05’ for FX Spot |
This change is currently available in New Release for customer testing.
NewCME STP FIXML - New Sub Party Role for EBS Trades - February 23
Effective Sunday, February 23 (trade date Monday, February 24), CME Group will add a new SubParty, “Counter Party’s full name” in Trade Capture Report (/TrdCaptRpt) for EBS FX trades, as SubID of the Settlement counter party. This will be under TrdCaptRpt/RptSide/Pty/@R=90 (Counterparty Public ID) when TrdCaptRpt/RptSide/@Src=D (Proprietary/Custom Code) with TrdCaptRpt/RptSide/Pty/Sub@Typ=5 (Full legal firm name).
| FIXML Attribute | Value of |
|---|---|
| /TrdCaptRpt/RptSide/Pty/Sub/@ID | Counter Party’s full name |
| /TrdCaptRpt/RptSide/Pty/Sub@Typ | 5 (Full legal firm name) |
This change is currently available in New Release for customer testing.
CME STP FIXML on Google Cloud - March 31
Effective Monday, March 31, all client systems must complete a mandatory certification of regional switch processing for CME STP FIXML on Google Cloud.
This certification is not a prerequisite for clients migrating to CME STP FIXML on Google Cloud.
View the client impact assessment for additional information.
