CME: Mandatory iLink 3 Binary Order Entry Protocol for MSGW
iLink 3 is now supported in Production. Please contact your Onboarding Manager when you are ready to migrate. All GTC/GTDs should be cancelled prior to migrating to iLink3.
iLink 2 and iLink 3 for MSGW will run in parallel until February 26, and at that time will incur additional charges by CME for continued iLink2 connections. On March 28, iLink 2.0 for MSGW will be decommissioned.
For the iLink 2 to 3 migration, CME Group does not require customers to obtain new iLink sessions. Customers will have the ability to migrate their existing iLink sessions from iLink 2 to 3 within the CME Request Center. For all existing migrated sessions, standard Session Policy Charges will apply. All GTC/GTDs should be cancelled prior to migrating to iLink3.
Customers who wish to utilize CME’s Self Match Prevention functionality should associate their existing SMP IDs to their account, or create a new SMP ID.
X_TRADER® Platform Impact
X_TRADER will not support iLink 3.0.
TT® Platform Impact
TT now supports iLink 3.0 in UAT and Production.
CME: Change to Strike Price Listing for Options on Great British Pound/U.S. Dollar (GBP/USD) Futures – Resting Order Eliminations
February 21
Effective Sunday, February 21 (trade date Monday, February 22), the following changes will be implemented to Options on Great British Pound/U.S. Dollar (GBP/USD) futures on CME:
- Change the strike price listing rule
- Change to the external instrument name format
To facilitate this change, customers should cancel all Good ‘Till Cancel (GTC) and Good ‘Till Date (GTD) orders for these contracts, including any User- or Exchange-Defined Spreads, by the close on February 19. After 16:00 CT on February 19, any remaining GT orders on these markets will be removed by the CME Global Command Center (GCC).
Additional Resources
Globex Notice February 4, 2021
ASX: Production Environment Business Continuity Test
February 27
On February 27, ASX will conduct a business continuity test in the production environment. Additional details from the exchange may be found here.
Customers must register their interest with the exchange here by close of business on February 19.
TT Platform Impact
Customers who wish to participate in this testing should contact their TT Onboarding representative by February 19 to register their interest. Please note that TT’s participation in this testing is dependent upon sufficient customer registration, and may be cancelled due to insufficient interest.
Refinitiv: RIC Code Changes
February 28
Refinitiv will remove the prefix “1” from RIC codes for CME futures and spreads, effective February 28. With this change, Refinitiv will only support Composite (no prefix) RICs.
Examples
- Existing RIC: 1EDV0
New RIC: EDV0 - Existing RIC: 1A32FN0
New RIC: A32FN0
Affected RIC codes will be updated on the TT platform after the close on February 26 and will be available on February 28.
IDEM: SOLA 15 API Upgrade
By End of Q1
Date to be determined, however, by end of Q1 IDEM will upgrade to SOLA version 15 in production.
X_TRADER Platform Impact
With the SOLA 15 upgrade, IDEM will no longer be supported on the X_TRADER platform.
TT Platform Impact
We will complete conformance and roll out software changes prior to the upgrade in order to support required modifications.
Eurex: T7 Disaster Recovery Test
April 17
On April 17, Eurex will conduct a Business Continuity test in the production environment. Additional details from the exchange may be found here.
Customers must register their interest with the exchange here by close of business on February 26.
TT Platform Impact
Customers who wish to participate in this testing should contact their TT Onboarding representative by March 17 to register their interest. Please note that TT’s participation in this testing is dependent upon sufficient customer registration, and may be cancelled due to insufficient interest.
FIA: Execution Source Code Schema Initiative (Tag 1031)
Timeline varies by exchange
Multiple exchanges, in cooperation with the FIA Execution Source Code Schema Initiative, are moving forward with plans to implement FIX tag 1031 (CustOrderHandlingInst) on their APIs.
Exchange-Specific Plans
- CME: Tag 1031 is supported and is mandatory.
- ICE: Tag 1031 is supported, but not required.
- Eurex: Tag 1031 is supported, but not required.
- CurveGlobal/IDEM: Tag 1031 is supported with the SOLA 14 Upgrade on February 3, but is not required.
X_TRADER Platform Impact
For CME, tag 1031 is now available in production. Customers should enter a valid value in the FFT6 field in Customer Defaults and/or FIX Account Defaults. For FIX Order Routing applications, FFT6 maps to tag 16903. If no value is set, a default value of “Y” will be sent. CME Gateway 7.18.49 was released on October 18.
For ICE, tag 1031 is now available with ICE Gateway 7.18.29. Customers should use FFT6 to send the value to the exchange. The field is optional for ICE.
TT Platform Impact
For CME, tag 1031 is now available for use in Production. Customers should select a valid value in Setup or set Order Tag Defaults.
For ICE, tag 1031 is now available for use in Production. Customers should select a valid value in Setup or set Order Tag Defaults to send the value to the exchange. Customers can choose not to select any value as this is an optional field for ICE.
For Eurex, support of tag 1031 on the TT platform is now available. Customers should select a valid value in Setup or set Order Tag Defaults to send the value to the exchange. Customers can choose not to select any value as this is an optional field for Eurex. On the X_TRADER platform, tag 1031 is not currently supported.
For CurveGlobal and IDEM, support for tag 1031 was added on February 3 for both exchanges.
Additional Resources
FIA Indirect Clearing Documentation
PRODUCT RELEASES
No new products were released this week.