Client Management Advisory Notices
To | CBOT and CME Back Office Managers
From | CME Clearing House
Subject | Client Management Operations Notice # 0002: SLEDS E2E Testing Cycles 1 and 2 Notice and Scripts
Notice Date | 2004-01-14
Notice Number | CMO#0002
Effective Date |
This coming week, we will run the first two cycles of SLEDS E2E testing. All firms will be required to enter a minimum number of scripted CBOT Pit SLEDS. Firms will also receive three e-cbot SLEDS trades. There will be no CME or non-SLEDS trades included in this first week of testing. Firms who requested Handheld Trades (HHT) and Order Routing (Electronic Clerk) trades on their SLEDS E2E Testing Set-up questionnaire will receive 5 of each of these type of trades as well. Firms can access the CME Front End Clearing application for SLEDS E2E testing by using the Front End Clearing – E2E link under the Firms Quality Assurance Environment section of the CME Portal. Testing Schedule Cycle 1 and 2 testing will run on a Tuesday and Thursday schedule, using the following dates: (Please refer to Exhibit I for more details.) Tuesday, January 20th = Trade Date January 16th for Cycle 1 Thursday, January 22rd = Trade Date January 20th for Cycle 2 Start of Day Positions For next Tuesday’s test, start of day positions will be flat. However, we will roll positions forward from Cycle 1 to Cycle 2. Pit SLEDS Trades A limited script for pit SLEDS trades will be available for Cycles 1 and 2. The script will contain pit SLEDS trades that should be submitted to CME. Firms may use either their "buddy" firm as the opposite firm, if their buddy firm has agreed to submit the opposite trades into them, or they may use their "flip" firm as the opposite firm. (For trades submitted via TREX, the clearing system will automatically create the opposite side, guaranteeing that the trade will match.) Note: For SLEDS E2E testing, the “flip firm” will only work for trades submitted via TREX. There will not be a "flip" firm for Pit SLEDS entered directly into the CME FEC Clearing System. Firms who will be entering SLEDS directly into the CME Front End Clearing System, should key both sides of the trades into themselves. "Flip" Firms For pit trades in SLEDS E2E, all firms will use firm 672 as the opposite "flip" firm e-cbot Testing For the first week of SLEDS testing, Cycle 1 and 2, the CBOT will generate three test e-cbot SLEDS trades for firms who requested e-cbot SLEDS on their E2E Set-up Checklist. Unless otherwise specified on the SLEDS E2E checklist, we will use the same account numbers firms requested during CCL E2E testing. Order Routing (Electronic Clerk) e-cbot Testing For Cycle 1 and 2 CBOT will provide, Order-Routing (Electronic Clerk) trades to selected firms. HHT For firms who requested HHT trades, these will be created and routed to the firms by the CBOT. PCS Firms must submit PCS to CME for each cycle of SLEDS E2E testing and should use the following PCS file name: TFTP.FXXXPCS.CCLTEST.DATA Script Locations As with CCL E2E testing, all scripts are located at: ftp.cme.com/pub/span/data/cme/test/scripts The pit trade scripts are provided separately for "A" firms and "B" firms, and both in Excel and PDF format, as: SLEDSPitScript_Cycle1_2_AFirm.xls SLEDSPitScript_Cycle1_2_AFirm.pdf SLEDSPitScript_Cycle1_2_BFirm.xls SLEDSPitScript_Cycle1_2_BFirm.pdf The listing of trading firms, their designation as "A" and "B" firms, and the assignment of "buddy" firms is provided as: TMFShortReport.mht, and has not changed from the version provided during CCL E2E testing. Scripts for Order-Routing, HHT and e-cbot trades will be posted on Friday, January 16th, 2004 Contacts CME – Client Management Operations – 312/930-8159 CBOT Technical Support – 312/347-5611; CBOT Order Routing -- Larry Ratner – 312/789-8983 or Rick Dammer – 312/347-5475 Exhibit I SLEDS E2E Test Schedule for Week of January 20, 2004 – Cycle 1 and 2 v Tueday, January 20th – Trade Date January 16th Ø 8am - 12pm: Trade Entry. Firms will enter pit SLEDS, send in price changes if they wish and do post-trade processing activity, e.g. ACS and APS. Please note the deadline to submit trades to CME during End-To-End is 12:00 p.m. Ø 1pm: PCS deadline. Firms must submit PCS for Cycle 1 activity. v Wednesday January 21st: Ø Noon: CME provides Trade Register Data Files (MRTR) for Cycle 1. File name (where xxx is the firm number): fxxx.cbtdata.cbttest.mrtrtest. Ø Trade Register Report on Infopac: CPM591E2E v Thursday January 22nd: Trade Date January 20th: 8am - 12pm: Trade Entry. Firms will enter pit SLEDS, send in price changes if they wish and do post-trade processing activity, e.g. ACS and APS. Please note the deadline to submit trades to CME during End-To-End is 12:00 p.m. Ø 1pm: PCS deadline. Firms must submit PCS for Cycle 1 activity. v Friday January 23rd Ø Noon: CME provides Trade Register Data Files (MRTR) for Cycle 2. File name (where xxx is the firm number): fxxx.cbtdata.cbttest.mrtrtest. Ø Trade Register Report on Infopac: CPM591E2E