Clearing House Advisory Notices
To | Clearing Member Firms, Chief Financial Officers, Back Office Managers
From | Clearing House Department
Subject | Revised: Pit Trade Migration to FEC to be launched Friday, April 21, 2006
Notice Date | 2006-04-12
Notice Number | 06-92
Effective Date | 2006-04-12
On Friday, April 21, 2006, the Clearing House will start migrating its pit trade processing application from the 3270 mainframe-based Trade Entry System (TES) platform to the browser based Front-End Clearing (FEC) platform. This will affect all non-SLED pit trades for standard monthly futures and options for both CBOT and CME products. Firms will still be able to submit trades via TREX messages and receive TREX trade confirm messages exactly as they do today. The 3270-based TES screens will gradually be retired after all products are migrated to FEC Firms will begin using the browser-based FEC user interface for all trade processing functions, including entry of packs and bundles, fungible transactions and We Show/They Show analysis. The below schedule shows on which dates the CME and CBOT Pit products will be migrated from TES to FEC. Launch Schedule: Friday, April 21, 2006: CME Agricultures (please note this does not include the GSCI contract) Friday, April 28, 2006: All Other CME Products Friday, May 5, 2006: CBOT Financials Friday, May 19, 2006: All other CBOT Products Please Note: On Friday, April 21, 2006 CME Agricultural products will display in FEC. Firms can no longer use TES to view trades and resolve out trades, you will need to use We show/They show in FEC for the migrated products. Testing In certification: The CME certification environment is currently set-up to test the full configuration of the Pit migration. This offers firms the testing opportunity to use their back office certification connection to submit trades and changes to pit trades across all products (as opposed to just the subset of launch-date products). Firms are encouraged to enter a variety of CME and CBT pit-traded products to verify the flow of launch-date products to FEC and to TES (in CERT) for all non-launch-date products. Both system environments are available on the CME portal. For questions or concerns, please contact CME Clearing House at 312-207-2525 or via email to ccs@cme.com. Thank you Printer Friendly Version. . .