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
UpdateCME FX Spot+ - April 13
† Denotes update to the article
† Effective Sunday, April 13 (trade date Monday, April 14), CME Group will launch CME FX Spot Plus (CME FX Spot+), a new tradable spot FX instrument, leveraging CME FX futures and 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 CME FX Spot+ products are currently available in the New Release environment for customer testing.
MDP 3.0. certification is required to trade the CME FX Spot+. The new AutoCert+ supplemental test suite is currently 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.
† Pre-Launch:
Effective Sunday, March 9 (trade date Monday, March 10), CME Group will pre-launch the FX Spot+ instruments. With this pre-launch, the FX Spot+ instruments will not be tradeable, and the Security Definition (35-MsgType=d) will be the only MDP3 messages available.
The new MDP channel 331 will utilize the schema version 13.
Mock Trading Session:
To support customer experience with the CME FX Spot+ in the CME Globex production environment, CME Group will offer customer mock trading sessions on:
Saturday, March 29
Customers are required to register in advance in order to participate in the mock trading sessions. Further information on the mock trading sessions will be published in future CME Globex Notices.
CME FX Spot+ Specification Update
The CME FX Spot+ client impact assessment has been updated to reflect the following updates:
† Updated the FX Spot + key events and dates under the CME FX Spot Plus Launch Schedule section.
Product Changes
Reduced Minimum Quote Life (MQL) for Asia NDF Products - This Week
Effective this 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 is currently available for customer testing in New Release.
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.
CME STP FIX - Unique Transaction Identifier Support for EBS FX Spot - February 23
Effective Sunday, February 23 (trade date Monday, February 24), to harmonize 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.
CME 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.
CME 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.
CME 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 counterparty. 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.
CME STP FIX API on Google Cloud - Postponed
Previously announced availability of CME STP FIX API service on Google Cloud has been postponed. A new production date will be announced in a future article.
View the client impact assessment for additional information.
CME STP FIX API on Google Cloud is currenlty available in New Release.
