• Reminder: NYMEX Integration Mock Trading and Clearing Sessions in August 2009

      • To
      • Clearing Member Firms
      • From
      • CME Clearing
      • #
      • 09-320
      • Notice Date
      • 29 July 2009
      • Effective Date
      • 29 July 2009
    • This is to remind you that CME plans to conduct a COMEX, NYMEX and DME mock session this Saturday, August 1, 2009. Please note, for those firm users who intend to test clearing post trade processing in Front End Clearing (FEC), they need to confirm that they have access to FEC Production environment for NYMEX, COMEX and DME prior to the test. Users who don’t have access to those exchanges can request access by sending an email to firmsupport@cmegroup.com. The request needs to be approved by the firms back office managers.
      In preparation for the upcoming NYMEX clearing integration, CME Clearing plans to conduct 5 mock trading sessions for NYMEX, COMEX and DME trades in July and August 2009. Testing will include Globex, ClearPort and Floor futures, options, spreads and OTC trades. 
      The objectives of the mock sessions are:
      ·         Serve as a connectivity test for Production systems.
      ·         Test End-to End order flow from front end systems to Front End Clearing (FEC) system.
      ·         Emulate a floor execution to clearing which will involve NYMEX and COMEX floor participation.
      ·         Test post trade processing of NYMEX, COMEX and DME trade data in CME Clearing.
      ·         Generate clearing confirms, trade data files and reports that will be used to test data flow from CME Clearing to Clearing firms.
      Customers are advised to participate in at least one mock session before the go live dates of August 17, 2009 for COMEX and September 14, 2009 for NYMEX and DME.
      All Mock sessions will follow the same timeline reflected in the table below:
      Mock Bridgeline is open.
      Scripted trading
      Open trading (free swim)
      Mock Bridge is closed. Close trading session.
      Mock Session Scheduled Dates:
      Testing Will Include
      July 25, 2009
      NYMEX, COMEX and DME
      August 1, 2009
      NYMEX, COMEX and DME
      August 8, 2009
      NYMEX, COMEX and DME
      August 22, 2009
      NYMEX, COMEX and DME
      August 29, 2009
      NYMEX, COMEX and DME
      Testing Summary:
      ·         Globex trades will be executed by trading firms and or traders connected to Globex production environment.
      ·         CME ClearPort trades will be executed by traders and brokers or called into the Facilitation Desk.
      ·         Floor trades will be entered by NYMEX and or COMEX floor brokers or their clerks. The selling broker will enter the trades and or allocate them to other clearing firms.
      ·         WhenTech will submit floor option trades directly to clearing.
      ·         Testing trade date will be for Mondays. For example, the mock session on Saturday, July 25, 2009 will use trade date Monday, July 27, 2009.
      ·         Trades will post in CME Clearing Production Front End Clearing (FEC) and Positions.
      ·         Clearing will run a clearing cycle and generate data files and reports and then purge the data from production and stage the clearing applications for Monday’s markets open.
      ·         Clearing will save the mock trade data and load into Clearing New Release environment on Monday for firms testing.
      ·         Trades will be routed to firms New Release MQM queues.
      ·         Firms can use the test data to run their post trade processing in FEC in New Release.
      ·         Clearing will run an end of day cycle on the Mondays following each Mock Trading Session and provide clearing firms with trade register data files and clearing reports by Tuesday morning.
      More details will be available before each mock session including test scripts and other information.
      If you have questions about this advisory or testing, please contact CME Clearing at (312) 207 2525 or via email to ccs@cmegroup.com.