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This coming week, we will run the final three cycles of SLEDS E2E testing. All firms will be required to enter a minimum
number of scripted CBOT Pit SLEDS and submit leg price changes for two of those SLEDS trades after they have posted to Clearing.
There will be no CME or non-SLEDS trades included in this first week of testing.
Firms will receive three e-cbot SLEDS during each of the three remaining cycles. Firms will also be able to enter in their
own orders into the Simulation LIFFE/CONNECT environment. Matched e-cbot orders will post to the CME Clearing System and
confirms will be routed to the firm’s back office systems
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 3, 4 and 5 testing will run on a Monday-Wednesday-Friday schedule. Trade date will be the same as the test date:
Start of Day Positions
For next Monday’s test, start of day positions will be flat. However, we will roll positions forward from Cycle 3 to Cycle
4 and from Cycle 4 to Cycle 5.
Pit SLEDS Trades
A limited script for pit SLEDS trades will be available for each test cycle. The script will contain pit SLEDS trades that
should be submitted to CME.
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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.)
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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.
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Also, we are requesting that firms submit leg price changes after they have sent their Pit SLEDS to Clearing. Suggested changes
are included on the script, though firms may request whatever leg prices they want as long as they conform to the established
leg price rules for Pit SLEDS.
"Flip" Firms
For pit trades in SLEDS E2E, all firms will use firm 672 as the opposite "flip" firm
e-cbot Testing
e-cbot users are encouraged to enter e-cbot users are encouraged to enter orders into the March 04/June 04 reduced tick calendar
spreads (strategy code Z) in the following products: ZB, ZN and ZF. The prices to be used are as follows:
ZB - bids should be entered with a price of 1142 and offers should be entered at a price of 1140.
ZN - bids should be entered with a price of 1185 and offers should be entered at a price of 1182
ZF - bids should be entered with a price of 1120 and offers should be entered at a price of 1117
These price levels will match against previously entered bids and offers entered by the Exchange.
All firms will continue to receive pre-defined 3 e-cbot SLEDS
Order Routing (Electronic Clerk) e-cbot Testing
For Cycle 3, 4 and 5 CBOT will provide 5 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_Cycle3_4_5_AFirm.xls
SLEDSPitScript_Cycle3_4_5_AFirm.pdf
SLEDSPitScript_Cycle3_4_5_BFirm.xls
SLEDSPitScript_Cycle3_4_5_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 23rd, 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
SLEDS E2E Test Schedule for Week of January 26, 2004 – Cycle 3, 4 and 5
- Monday, January 26th – Trade Date January 26th
Ø Sunday 8:30 p.m. until Monday 12:00 p.m.: window for e-cbot Sim trade entry for E2E trade date January 26th.
- Ø 8:00 a.m. – 12:00 p.m.: Trade Entry. Firms will enter pit SLEDS, send in price changes 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.
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Ø 1pm: PCS deadline. Firms must submit PCS for Cycle 1 activity.
Tuesday January 27th:
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Ø Noon: CME provides Trade Register Data Files (MRTR) for Cycle 1. File name (where xxx is the firm number): fxxx.cbtdata.cbttest.mrtrtest.
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Ø Trade Register Report on Infopac: CPM591E2E
Wednesday January 28th: Trade Date January 28th:
Ø Tuesday 8:30 p.m. until Wednesday 12:00 p.m.: window for e-cbot Sim trade entry for E2E trade date January 28th.
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Ø 8:00 a.m. – 12:00 p.m.: Trade Entry. Firms will enter pit SLEDS, send in price changes 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.
Thursday January 29th
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
Friday January 30th: Trade Date January 30th:
Ø Thursday 8:30 p.m. until Friday 12:00 p.m.: window for e-cbot Sim trade entry for E2E trade date January 30th.
Ø 8:30 a.m. – 12:00 p.m.: Trade Entry. Firms will enter pit SLEDS, send in price changes 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.
Monday February 2nd
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
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