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.
HKEX: Change of Trading Symbols for MSCI Index Futures Contracts
February 22
Effective February 22, the following product will change symbols. Contract specifications remain unchanged.
| Product Name | Current Symbol | New Symbol |
| MSCI China Free (USD) Index Futures | MCU | MCF |
X_TRADER Platform Impact
No customer action needed; change will be applied the weekend prior to Feb 22.
TT Platform Impact
No customer action needed; customers should use the MCF symbol. Any MCU-named contracts are no longer tradable.
CME: Change to Strike Price Listing for Options on Great British Pound/U.S. Dollar (GBP/USD) Futures – Resting Order Eliminations
February 22
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.
HKEX: Post-Release Test for Technical Refresh/Upgrade
March 6
HKEX will be holding a Post-Release Test for their Technical Refresh and Hardware/Network Upgrade and Relocation. TT will participate in connectivity testing, but no customer participation will be supported.
SGX: BCP Test – TT Backup Systems to SGX Production Systems
March 6
SGX will be holding a BCP Test for TT’s DR Site to SGX’s Production Site. This is a connectivity test only and customer participation is not supported.
CME: Change to Bitcoin Options – Resting Order Eliminations
March 7
Effective Sunday, March 7 (for trade date Monday, March 8), CME will expand the strike price in the external instrument to display the full strike price for Bitcoin Options.
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 Friday, March 5. After 16:00 CT on March 5, any remaining GT orders on these markets will be removed by the CME Global Command Center (GCC).
Additional Resources
Globex Notice February 15, 2021
CME: Change to Bursa Malaysia Derivatives (BMD) Crude Palm Kernel Oil Futures Contract (FPKO)
March 7
Effective Sunday, March 7 (for trade date Monday, March 8), and pending final regulatory approval, CME will make the following changes to the Crude Palm Kernel Oil Futures Contract (FPKO):
- Change to Trading Hours
- Change to Final Trading Day
- Change to Daily Price Limits
Additional Resources
Globex Notice February 15, 2021
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.
ICE: Abu Dhabi
March 29
ICE plans to launch IFAD and trading in ICE Murban Crude Oil Futures on March 29, 2021, subject to the completion of regulatory approvals. The products for ICE Abu Dhabi are categorized under both S2FO (IFEU Energy Div Oil) and IFAD (ICE Futures Abu Dhabi) as outlined in the table below.
The products with market type 196 are categorized under Security Exchange S2FO (IFEU Energy Div Oil). The products with market types 194, 195, 216, 217, and 218 are under IFAD (ICE Futures Abu Dhabi).
| Product Group | Market Type Name | Description |
| Abu Dhabi Oil (non-S2F) | Murban Crude | Murban Crude Oil Futures |
| Abu Dhabi Oil (non-S2F) | Murban Crude | Murban Crude Oil Futures Settlement |
| Abu Dhabi Oil (non-S2F) | Murban Crude | Murban Crude Oil Futures London Minute Marker |
| Abu Dhabi Oil (non-S2F) | Murban Crude | Murban Crude Oil Futures Singapore Minute Marker |
| Abu Dhabi Oil (non-S2F) | Murban/Brent Spread | Murban/Brent Spread |
| Abu Dhabi Oil (non-S2F) | Murban/Permian WTI Spread | Murban/Permian WTI Futures Spread |
| Abu Dhabi Oil (non-S2F) | LS Gasoil/Murban Crack | Low Sulphur GO/Murban Futures Crack Spread |
| Abu Dhabi Oil (non-S2F) | Murban/WTI Spread | Murban/WTI Futures Spread |
| S2F Oil | Oil Abu Dhabi | Crude Outright – Murban 1st Line Futures |
| S2F Oil | Oil Abu Dhabi | Crude Outright – Murban 1st Line Futures Balmo |
| S2F Oil | Oil Abu Dhabi | Crude Outright – Murban Singapore Marker 1st Line Future |
| S2F Oil | Oil Abu Dhabi | Crude Outright – Murban Singapore Marker 1st Line Futures Balmo |
| S2F Oil | Oil Abu Dhabi | Crude Diff – Murban 1st Line vs Brent 1st Line Futures |
| S2F Oil | Oil Abu Dhabi | Crude Diff – Murban 1st Line vs Brent 1st Line Futures Balmo |
| S2F Oil | Oil Abu Dhabi | Crude Diff- Murban Singapore Marker 1st Line vs Brent 1st Line Future |
| S2F Oil | Oil Abu Dhabi | Crude Diff – Murban Singapore Marker 1st Line vs Brent 1st Line Futures Balmo |
| S2F Oil | Oil Abu Dhabi | Crude Diff – Murban 1st Line vs Dated Brent (Platts) Futures |
| S2F Oil | Oil Abu Dhabi | Crude Diff – Murban 1st Line vs Dated Brent (Platts) Futures Balmo |
| S2F Oil | Oil Abu Dhabi | Crude Diff – Murban 1st Line vs WTI 1st Line Future |
| S2F Oil | Oil Abu Dhabi | Crude Diff – Murban 1st Line vs WTI 1st Line Futures Balmo |
| S2F Oil | Oil Abu Dhabi | Gasoil Crack – Singapore Gasoil (Platts) vs Murban 1st Line Futures |
| S2F Oil | Oil Abu Dhabi | Fuel Oil Crack – Fuel Oil 380 CST Singapore (Platts) vs Murban 1st Line Futures |
| S2F Oil | Oil Abu Dhabi | Gasoline Crack – Singapore Mogas 92 Unleaded (Platts) vs Murban 1st Line Futures |
| S2F Oil | Oil Abu Dhabi | Naphtha Crack – Naphtha C+F Japan (Platts) vs Murban 1st Line Future (in Bbls) |
| S2F Oil | Oil Abu Dhabi | Crude Diff – Murban Singapore Marker 1st Line vs Brent Singapore Marker 1st Line Futures |
| S2F Oil | Oil Abu Dhabi | Crude Diff – Murban Singapore Marker 1st Line vs Brent Singapore Market 1st Line Futures Balmo |
| S2F Oil | Oil | Crude Outright – Brent Singapore Marker 1st Line Futures |
| S2F Oil | Oil | Crude Outright – Brent Singapore Marker 1st Line Futures Balmo |
| S2F Oil | Oil | Crude Diff – Brent Singapore Marker 1st Line vs Dubai (Platts) 1st Line Future |
| S2F Oil | Oil | Crude Diff – Brent Singapore Marker 1st Line vs Dubai (Platts) 1st Line Futures Balmo |
X_TRADER Platform Impact
The ICE Abu Dhabi products will not be supported on X_TRADER.
TT Platform Impact
The ICE Abu Dhabi products will be supported only on the TT platform.
Additional Resources
ICE Press Release
ICE Abu Dhabi
Eurex: T7 Disaster Recovery Test
April 17
On Saturday, 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.