CME STP Notices: August 21, 2018

CME STP

New New - EFR and EFP Trade Support for TAS and TAM Pricing  - This Week

Effective this Sunday, August 26 (trade date Monday, August 27), pending all relevant CFTC regulatory review periods and in accordance with the applicable MRAN, CME Group will support Trade at Settlement (TAS) and Trade at Marker (TAM) pricing for Exchange for Physical (EFP) and Exchange for Risk (EFR) trade types on TAS/TAM eligible products.

CME STP will support trade reporting for these deals.

The following values should be expected on Trade Capture Reports for these types of trades:

Trade Type

• EFP: Trade Type (TrdCaptRpt/TrdTyp) = "2"
• EFR: Trade Type (TrdCaptRpt/TrdTyp) = "11"

Trade Sub Type

• TAS: Trade Sub Type (TrdCaptRpt/TrdSubTyp) = "40"
• TAM: Trade Sub Type (TrdCaptRpt/TrdSubTyp) = "43"

This enhancement is currently available in New Release for customer testing.

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Price Precision Extension - January 13

CME Group is implementing end-to-end technology changes to support increased price granularity. Currently, CME Group systems support a maximum of 7 decimals. With this initiative, products with up to 9 decimals may be listed and traded. Effective Sunday, January 13, 2019 (trade date Monday, January 14), pending regulatory approval, the 2 Year Treasury Note futures and spreads will move from 7 decimals to 8 to support trading at 1/8 of 1/32.

Customers are encouraged to move to support 9 decimals now; but there are no plans to list a product that uses the 9th decimal at this time.

For more on impacted products and CME Globex, iLink messaging, Drop Copy and Market Data impacts, view the CME Globex Client Impact Assessment.

All impacted attributes are on Trade Capture Reports at the Trade Capture Report or Trade Instrument Leg Group level.

These enhancements are currently available for testing in New Release.

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CME STP FIX

New New - EFR and EFP Trade Support for TAS and TAM Pricing  - This Week

Effective this Sunday, August 26 (trade date Monday, August 27), pending all relevant CFTC regulatory review periods and in accordance with the applicable MRAN, CME Group will support Trade at Settlement (TAS) and Trade at Marker (TAM) pricing for Exchange for Physical (EFP) and Exchange for Risk (EFR) trade types on TAS/TAM eligible products.

CME STP will support trade reporting for these deals.

The following values should be expected on Trade Capture Reports for these types of trades:

Trade Type

• EFP: tag 828-TrdTyp = "2"
• EFR: tag 828-TrdTyp = "11"

Trade Sub Type

• TAS: tag 829-TrdSubTyp = "40"
• TAM: tag 829-TrdSubTyp = "4"

This enhancement is currently available in New Release for customer testing.

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Price Precision Extension - January 13

CME Group is implementing end-to-end technology changes to support increased price granularity. Currently, CME Group systems support a maximum of 7 decimals. With this initiative, products with up to 9 decimals may be listed and traded. Effective Sunday, January 13, 2019 (trade date Monday, January 14), pending regulatory approval, the 2 Year Treasury Note futures and spreads will move from 7 decimals to 8 to support trading at 1/8 of 1/32.

Customers are encouraged to move to support 9 decimals now; but there are no plans to list a product that uses the 9th decimal at this time.

For more on impacted products and CME Globex, iLink messaging, Drop Copy and Market Data impacts, view the CME Globex Client Impact Assessment.

All impacted attributes are on Trade Capture Reports at the Trade Capture Report or Trade Instrument Leg Group level.

These enhancements are currently available for testing in New Release.

Back to Top

CME STP Trade View

New New - EFR and EFP Trade Support for TAS and TAM Pricing - This Week

Effective this Sunday, August 26 (trade date Monday, August 27), pending all relevant CFTC regulatory review periods and in accordance with the applicable MRAN, CME Group will support Trade at Settlement (TAS) and Trade at Marker (TAM) pricing for Exchange for Physical (EFP) and Exchange for Risk (EFR) trade types on TAS/TAM eligible products.

CME STP Trade View will support trade reporting for these deals.

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Contacts

Please contact the following support teams for:

• New Release Environment Support:
  Certification Support for Electronic Trading (CSET) in the U.S. at +1 312 930 2322, in Europe at +44 20 3379 3803 or in Asia at +65 6593 5593.
• Production Environment Support:
  CME Global Command Center (GCC) in the U.S. +1 800 438 8616, in Europe at +44 20 7623 4747 or in Asia at +65 6532 5010.

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