CME STP and CME STP FIX

CME STP Support of Report Tracking Number (RTN) for EBS FX Markets - March 24

Effective Sunday, March 24 (trade date Monday, March 25), CME Group will add the Report Tracking Number (RTN) in CME STP for trades on EBS FX Markets to support clients with their European Markets Infrastructure Regulation (EMIR) Refit obligations. The European Markets Infrastructure Regulation (EMIR) Refit reporting obligations is only applicable to clients trading FX NDFs on EBS FX Markets.

Report Tracking Number (RTN) will be added to the Trade Capture Report (FIX: tag 35-MsgType=AE / FIXML: /TrdCaptRpt) with the new TradeType noted below.

FIX TAG	FIELD NAME	FIXML PATH	FORMAT	DESCRIPTION	VALUES
10027	SideRegulatoryTradeID	/TrdCaptRpt/RptSide/RegTrdID/@ID	String	Regulatory Trade ID
10030	SideRegulatoryTradeType	/TrdCaptRpt/RptSide/RegTrdID/@Typ	Int	Position of ID in trade hierarchy	6 - Report Tracking Number

Updated FIX Data dictionary is available for EBS clients.

RegTrdID block will not be populated for trades that are not subject to regulatory requirements, such as EBS Spot.

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

CME STP Support of European Markets Infrastructure Regulation (EMIR) Refit Obligations for CME Cleared OTC IRS/FX - March 24

Effective Sunday, March 24 (trade date Monday, March 25), to support clients with their European Markets Infrastructure Regulation (EMIR) Refit obligations, CME Group will add Post-Trade Risk Reduction (PTRR) ID for trades involved in compression, and begin to pass through Report Tracking Number (RTN), and PriorUTI (Prior Unique Transaction Identifier) in CME STP when they are available for CME-cleared OTC IRS and OTC FX trades.

Identifier	Description
Report Tracking Number (RTN)	Where a derivative was executed on a trading venue, a number generated by the trading venue and unique to that execution.
Post-Trade Risk Reduction (PTRR) ID	Identifier generated by the PTRR service provider or CCP providing the PTRR service in order to connect all derivatives entering into a given PTRR event and resulting from that PTRR event.
PriorUTI (Prior Unique Transaction Identifier)	Assigned to the predecessor transaction that has given rise to the reported transaction due to a lifecycle event, in a one-to-one relation between transactions (e.g. in the case of a novation, when a transaction is terminated, and a new transaction is generated) or in a one-to-many relation between transactions (e.g. in clearing or if a transaction is split into several different transactions). This data element is not applicable when reporting many-to-one and many-to-many relations between transactions (e.g. in the case of a compression).

These identifiers will be populated: 

• In the field: 
  • FIX: tag-10027 SideRegulatoryTradeID
  • FIXML: /TrdCaptRpt/RptSide/RegTrdID/@ID 
• Of the Trade Capture Report (FIX: tag 35-MsgType=AE , FIXML: /TrdCaptRpt) within the repeating group:
  • FIX: SideRegulatoryTradeIDGrp
  • FIXML: /TrdCaptRpt/RptSide/RegTrdID

Report Tracking Number

FIX TAG-NAME	FIXML PATH	DESCRIPTION	VALUES
10029-SideRegulatoryTradeIDEvent	/TrdCaptRpt/RptSide/RegTrdID/@Evnt	Event causing origination of the ID	0 - Initial Block trade
10030-SideRegulatoryTradeType	/TrdCaptRpt/RptSide/RegTrdID/@Typ	Position of ID in trade hierarchy	6 - Report Tracking Number

Post-Trade Risk Reduction (PTRR) ID

FIX TAG-NAME	FIXML PATH	DESCRIPTION	VALUES
10029-SideRegulatoryTradeIDEvent	/TrdCaptRpt/RptSide/RegTrdID/@Evnt	Event causing origination of the ID	3 - Compression
10030-SideRegulatoryTradeType	/TrdCaptRpt/RptSide/RegTrdID/@Typ	Position of ID in trade hierarchy	0 - Current
10028-SideReulatoryTradeIDSource	/TrdCaptRpt/RptSide/RegTrdID/@Src	ID of reporting entity assigned by regulatory agency. When present for PTRR ID, this is the compression provider LEI

PriorUTI (Prior Unique Transaction Identifier)

FIX TAG-NAME	FIXML PATH	DESCRIPTION	VALUES
10029-SideRegulatoryTradeIDEvent	/TrdCaptRpt/RptSide/RegTrdID/@Evnt	Event causing origination of the ID	0 - Initial Block trade
10030-SideRegulatoryTradeType	/TrdCaptRpt/RptSide/RegTrdID/@Typ	Position of ID in trade hierarchy	1 - Previous

This change will be available for customer testing in New Release on Wednesday March, 11.

CME STP Migration for EBS Customers - December 31

Central Post Trade (CPT) TOF and CPT FIX will be decommissioned on December 31.

All EBS clients must migrate to CME STP solutions before the decommission. Both CME STP and CME STP FIX currently support EBS trades as well as BrokerTec on CME Globex, BrokerTec Stream, and CME Group futures and options.

Start planning your migration now to ensure no interruption of service, and continued access to new products and features which will only be supported in CME STP. 

To facilitate your migration, Message Specifications and CME STP FIX Data Dictionary are now available along with Migration Guides for CPT TOF and CPT FIX to CME STP.

CME STP for EBS FX Markets are currently available for customer testing in New Release. Functional certification is required.

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.