Front End Clearing (FEC) Update

FEC/Floor View training sessions for COMEX trading floor personnel began this past Monday.  In conjunction with these important training sessions, we would like to inform you of several important features and changes that will be introduced with the integration of NYMEX and COMEX products to the CME Group’s FEC application.  Most importantly, upon integration; (1) trade entry by NYMEX exchange staff will be discontinued shortly after the integration, and (2) the legacy TMS application will be replaced by the FEC application, which is only accessible via the internet.         

With respect to trade entry, NYMEX members/clerks must register for an FEC/Floor View application training session.   Please go to http://www.cmegroup.com/integration/, or call Client Management Training Services at 312.930.4523, to register for the next available training session.   With respect to FEC usage, members/clerks must ensure they have access to an internet-connected FEC terminal from which trades can be entered and allocated.    For further information regarding access to the internet and the FEC/Floor View application, please contact Rob Stasi 212.299.2067, Joe Vanderberg 212.299.2058, or Marcia Beckford 212.299.2072.

For the full text of this advisory, please click here.