CME STP Notices: October 31, 2019

CME STP

Mandatory Order Handling Flag on CME STP Tag 1031- November 17

Trades on CME Globex

As previously announced, effective Sunday, November 17, 2019 (trade date Monday, November 18), in conjunction with the Futures Industry Association (FIA) Execution Code Schema initiative, all orders on CME Globex must include the Customer Order Handling Instruction. CME STP already includes the CustOrderHandlingInst (TrdCaptRpt/RptSide/@CustOrdHdlInst) when available; with this change, all Trade Capture Reports for CME Globex trades will include this tag.

This enhancement is currently available for testing in New Release.

Additional information is available in the CME Globex Notice.

Learn more on the FIA guidelines on how to identify the source of any order:

• Press Release
• Summary
• White paper

CME Direct Orders for CME Globex

This field is now populated for all trades from CME Direct orders on CME Globex.

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UpdateUpdate- CME STP Updates - November 17

† Denotes update to the article

Effective †Sunday, November 17, 2019 (trade date Monday, November 18), the following CME STP Enhancements will be implemented:

• For greater accuracy in reporting:
  • Cleared Indicator (TrdCaptRpt/@Clrd) will be available for all trades at the Trade Capture Report level.
  • OrderID (TrdCaptRpt/RptSide@OrdID) will be available at the Report Side level to provide a unique Order identifier as assigned by broker. Uniqueness must be guaranteed within a single trading day. 

• To more easily identify the CME Globex Firm ID (GFID), Party Role 1 (R=1) will be populated with the GFID for all trades executed through CME Globex, and for group allocations that share a single SenderCompID.
  • The Trading Member Firm ID, previously found on Party Role 1, will be present on Party Role 1001 (R=1001).
  • Party Role 7 (Trading Firm) will continue to be populated for all trades and allocations provided on CME STP.

• For increased timestamp accuracy and consistency, all timestamps on messages sent from CME STP to clients will be in UTC+0 nanosecond format. Timestamps will be populated with the maximum available precision and padded with zeros as needed.
  • Example:

     2019-09-25T02:44:05.761-05:00

    Will become:

    2019-09-25T07:44:05.761123456Z

These enhancements are currently available for customer testing in New Release.

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CME STP Support of BrokerTec Markets - Q4 2020

Effective Q4 2020 subject to applicable regulatory approvals, to support the integration of BrokerTec markets with CME Group technology, transactions executed on CME Globex, BrokerTec Direct, and registered external deals will be available for consumption on CME STP and CME STP FIX.

Please review the Client Impact Assessments for more information, including specifications and workflows.

• CME STP FIX Support for BrokerTec Trades
• CME STP FIXML Support for BrokerTec Trades

These enhancements will be available for customer testing in New Release as follows:

For further information, contact CME STP Onboarding and General Information:

US: 1 212 299 2445
Europe: 44 20 3379 3797
Asia: 65 6593 5582
Email:STP@cmegroup.com

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CME STP FIX

Mandatory Order Handling Flag on CME STP Tag 1031 - November 17

Trades on CME Globex

As previously announced, effective Sunday, November 17, 2019 (trade date Monday, November 18), in conjunction with the Futures Industry Association (FIA) Execution Code Schema initiative, all orders on CME Globex must include the Customer Order Handling Instruction. CME STP FIX already includes the FIX tag 1031-CustOrderHandlingInst when available; with this change, all Trade Capture Reports for CME Globex trades will include this tag.

This enhancement is currently available for testing in New Release.

Additional information is available in the CME Globex Notice.

Learn more on the FIA guidelines on how to identify the source of any order:

• Press Release
• Summary
• White paper

CME Direct Orders for CME Globex

This tag is now populated for all trades from CME Direct orders on CME Globex.

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UpdateUpdate - CME STP FIX Updates - November 17

† Denotes update to the article

Effective †Sunday, November 17, 2019 (trade date Monday, November 18), the following CME STP FIX Enhancements will be implemented:

• To improve FIX compliancy, the following tags will be modified:
  • New tag 1853-SideAvgPxInd at the Report Side level will indicate if the trade is marked for average pricing allocation. Tag 819 will be deprecated.
  • New tag 1154-SideCurrency at the Report Side level will identify the currency of the trade side. Tag 15 will be deprecated.
    • Please Note: this tag is not sent for IRS or FRA trades.
  • New tag 37-OrderID at the Report Side level will provide a unique Order identifier as assigned by broker. Uniqueness must be guaranteed within a single trading day. 
  • Tag 1832-ClearedIndicator will be populated at the Trade Capture Report level for all trades. Currently this tag is only sent for Bilateral and Cleared Elsewhere (BaCE) trades.
• For increased timestamp accuracy and consistency, all timestamps on messages sent from CME STP to clients will be in UTC+0 nanosecond format. Timestamps will be populated with the maximum available precision and padded with zeros as needed.
  • Example:

      20190925-09:08:06.017

    Will become:

    20190925-09:08:06.017123456Z

  To more easily identify the CME Globex Firm ID (GFID), Party Role 1 (R=1) will be populated with the GFID for all trades executed through CME Globex, and for group allocations that share a single SenderCompID:

  • The Trading Member Firm ID, previously found on Party Role 1, will be moved to Party Role 1001 (R=1001).
  • Party Role 7 (Trading Firm) will continue to be populated for all trades and allocations provided on CME STP FIX.

These enhancements are currently available for customer testing in New Release.

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CME STP Support of BrokerTec Markets - Q4 2020

Effective Q4 2020 subject to applicable regulatory approvals, to support the integration of BrokerTec markets with CME Group technology, transactions executed on CME Globex, BrokerTec Direct, and registered external deals will be available for consumption on CME STP and CME STP FIX.

Please review the Client Impact Assessments for more information, including specifications and workflows.

• CME STP FIX Support for BrokerTec Trades
• CME STP FIXML Support for BrokerTec Trades

These enhancements will be available for customer testing in New Release as follows:

For further information, contact CME STP Onboarding and General Information:

US: 1 212 299 2445
Europe: 44 20 3379 3797
Asia: 65 6593 5582
Email:STP@cmegroup.com

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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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