CME STP and CME STP FIX

CME Cleared OTC IRS/FX Unique Product Identifier (UPI) support in CME STP FIX - January 2024

In January 2024, as required by CFTC Regulation § 45.7, CME Group will support Unique Product Identifier (UPI) for CME Cleared OTC IRS/FX trades. This change will impact CME STP and CME STP FIX. The production launch date will be announced in future CME STP Notices.

To support this change, a new field will be added to the Trade Capture Reports for CME STP and CME STP FIX.

CME STP: TrdCaptRpt/Instrmt
Name	Abbr	Datatype	Description
Unique Product Identifier	UPI	String	Unique Product Identifier

 

CME STP FIX: Trade Capture Report (tag 35-MsgType=AE)
Tag	Name	FIXML Abbr	Req	Format	Description
2891	UPICode	UPI	Y	String	Unique Product Identifier

UPI is currently present in CME STP for CME Cleared OTC IRS/FX trades in New Release for customer testing.

 

BrokerTec US Treasuries RV Butterfly Spreads Support - January 28

Effective Sunday, January 28 (trade date Monday, January 29), BrokerTec US Treasuries RV Butterfly Spreads will be available for trading on CME Globex. CME STP and CME STP FIX will support Trade Capture Reports for these spreads with a new security sub type "RB”.

CME STP:  TrdCaptRpt/Instrmt
Name	Abbr	Datatype	Description	Enumerations
BrokerTec US Treasuries RV Butterfly Spreads	SubTyp	String	For spreads, indicates the strategy type.	RB

 

CME STP FIX: TradeCaptureReport - Instrument
Tag	Name	FIXML Abbr	Req	Format	Description	Enumerations
762	Security Sub Type	SubTyp	N	String	For spreads, indicates the strategy type.	RB

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

CME STP Trade View

BrokerTec US Treasuries RV Butterfly Spreads Support in CME STP Trade View - January 28

Effective January 28 (trade date Monday, January 29), CME STP Trade View will support BrokerTec US Treasuries RV Butterfly Spreads trades on CME Globex.

The spread is currently available for customer testing in New Release.

Announcements

UpdateCME STP for EBS Trades and the Decommission of CPT - December 31, 2024

† Denotes update to the article

As announced during the CME Globex migration, Central Post Trade (CPT) for EBS trades will be decommissioned starting in 2024. CPT TOF will be decommissioned on December 31, 2024, with CPT FIX decommission following shortly thereafter.

EBS trades are now available on CME STP and CME STP FIX, a unified post-trade solution for EBS Markets on CME Globex, EBS Direct, BrokerTec on CME Globex, BrokerTec Stream, and CME Group futures and options venues.

All clients are encouraged to start planning their migration now to ensure no interruption of service upon the CPT decommission, and access to new products and features which will only be supported in CME STP. 

The following resources are now available:

• Message Specifications for CME STP for EBS FX Markets
• Business specifications for other Markets and Venues and Core specifications at Post Trade Services
• † Migration Guides for CPT TOF and CPT FIX to CME STP

The Global Account Management team will continue working with all TOF customers to discuss the options available and how best to manage the migration to CME STP.

Testing and functional certification in the New Release environment will be required prior to client’s production migration. CME STP for EBS FX Markets are currently available for customer testing in New Release.

Further details will be provided in future announcements.

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

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.