CME STP Notices: June 1, 2023

CME STP

Support for BrokerTec Stream 2.0 Trades on CME STP - June 11

CME STP will support BrokerTec Stream 2.0, the new relationship-based trading platform for U.S. Treasuries, at launch.

With this launch, there will be enhancements to CME STP Trade Capture Reports and Party Roles for BrokerTec Stream 2.0 trades. Full details can be found in the CME STP for BrokerTec Stream v2.0 Client Impact Assessment.

These enhancements are backward compatible. However, due to the BrokerTec Stream 2.0 changes, any trades executed before the launch will not reflect the actual traded quantity on CME STP historical queries post launch. Clients are strongly encouraged to ensure they have accurately captured all BrokerTec Stream 1.5 trades by end of trading day Friday †before BrokerTec Stream 2.0 launch.

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

Customers are encouraged to test their CME STP processes in New Release.

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CME STP FIX

Support for BrokerTec Stream 2.0 Trades on CME STP FIX - June 11

CME STP FIX will support BrokerTec Stream 2.0, the new relationship-based trading platform for U.S. Treasuries, at launch.

With this launch, there will be enhancements to CME STP FIX Trade Capture Reports and Party Roles for BrokerTec Stream 2.0 trades. Full details and the updated FIX dictionary can be found in the CME STP for BrokerTec Stream v2.0 Client Impact Assessment.

These enhancements are backward compatible. However, due to the BrokerTec Stream 2.0 changes, any trades executed before the launch will not reflect the actual traded quantity on CME STP historical queries post launch. Clients are strongly encouraged to ensure they have accurately captured all BrokerTec Stream 1.5 trades by end of trading day Friday †before BrokerTec Stream 2.0 launch.

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

Customers are encouraged to test their CME STP processes in New Release.

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Announcements

BrokerTec Stream 2.0 Upgrade - June 11

Effective Sunday, June 11 (trade date Monday, June 12), CME Group will upgrade the BrokerTec Stream platform from version 1.5 to 2.0. BrokerTec Stream 2.0 is designed to deliver the best performance and lowest possible latency for our clients.

BrokerTec Stream 2.0 has new enhancements including:

• Sweepable matching
• Firm price improvements
• FIX 4.4-compliant APIs for Makers and Takers
• Front-end access via BrokerTec Global Front End (GFE) Client

This launch paves the way for future enhancements including netted credit across BrokerTec Stream and BrokerTec Markets on CME Globex.

Clients should have already received the Taker and Maker API rules of engagement documentation that outline the technical changes as well as the BrokerTec GFE Configuration for New Release environment. These are also available on the BrokerTec Support Portal.

API clients must complete conformance testing and certification. CME STP does not require conformance testing and certification for this launch.

Clients are strongly encouraged to test this upgrade in the New Release environment. 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.

Mock Trading Sessions
CME Group is also offering BrokerTec customers two opportunities for mock testing for API clients in Production. To help ensure readiness and provide an opportunity to transact via our Production systems, customers are strongly encouraged to sign up and test with us on the following dates:

• June 3 starting at 9:00 a.m. CT
• June 10 starting at 9:00 a.m. CT

Customers can contact their account executive in advance to participate.

Please review the mock trading script for additional details.

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CME STP Support for Trades on EBS  

As outlined during the CME Globex Migration, CME STP and CME STP FIX will be enhanced to support EBS venues to deliver the customer value of a single post-trade solution for all CME Group marketplaces. EBS trades will be supported on CME STP in the second half of 2023.

The availability of EBS trades via CME STP will lead to the eventual decommission of Central Post Trade (CPT) for both TOF and FIX customers. The dates for decommissioning CPT TOF and FIX will be published shortly, with CPT TOF being sunset first. Customers on the CPT TOF feed will be prioritised to migrate over to CME STP, with customer engagements commencing from May 2023.

All clients are encouraged to start planning their migration now to take advantage of new products and product features which will only be supported in CME STP. Over the next few weeks the specifications will be made available to review. Those familiar with CME STP will find this is very similar with enhancements to support specific FX features and attributes.

Testing and certification in the New Release environment will be required prior to client’s production migration.

Further details will be provided in future announcements.

Please contact Global Account Management with any questions regarding this migration.

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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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