{"id":90922,"date":"2021-01-15T10:25:44","date_gmt":"2021-01-15T16:25:44","guid":{"rendered":"https:\/\/tradingtechno3.wpenginepowered.com\/?post_type=support&p=90922"},"modified":"2021-01-15T11:41:52","modified_gmt":"2021-01-15T17:41:52","slug":"cme-brokertec-migration-to-cme-ilink-3-binary-order-entry-protocol-for-market-segment-gateway-cme-mandatory-ilink-3-binary-order-entry-protocol-for-msgw-hkex-new-production-addition-and-more","status":"publish","type":"support","link":"https:\/\/tradingtechnologies.com\/support-updates\/cme-brokertec-migration-to-cme-ilink-3-binary-order-entry-protocol-for-market-segment-gateway-cme-mandatory-ilink-3-binary-order-entry-protocol-for-msgw-hkex-new-production-addition-and-more\/","title":{"rendered":"CME BrokerTec Migration to CME iLink 3 Binary Order Entry Protocol for Market Segment Gateway, CME Mandatory iLink 3 Binary Order Entry Protocol for MSGW, HKEX New Production Addition and More"},"content":{"rendered":"\n

<\/span>[UPDATED] CME BrokerTec: Migration to CME iLink 3 Binary Order Entry Protocol for Market Segment Gateway<\/strong><\/span><\/h4>\n\n\n\n
January 31<\/strong><\/h5>\n\n\n\n

BrokerTec products will migrate to CME in Production on January 31 <\/strong>and will only be available on iLink 3 MSGW. Customers will need to obtain a dedicated iLink Session ID to be used for only the BrokerTec market segment. CGW will remain on iLink 2 and will not be impacted.<\/p>\n\n\n\n\n\n\n\n

Customers may pre-configure the new connection, but it should not be enabled until after the CME close on January 29. TT will be copying all BrokerTec accounts and user limits to the new CME BrokerTec products on January 22. <\/p>\n\n\n\n

X_TRADER\u00ae Platform Impact<\/strong>
ILink3 will not be supported on X_TRADER.<\/p>\n\n\n\n

TT\u00ae Platform Impact<\/strong>
MSGW iLink3 for CME BrokerTec is available in UAT for customer testing. <\/p>\n\n\n\n

<\/span>[UPDATED] CME: Mandatory iLink 3 Binary Order Entry Protocol for MSGW <\/strong><\/span><\/h4>\n\n\n\n
Q1 2021<\/strong><\/h5>\n\n\n\n

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. <\/p>\n\n\n\n

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.<\/p>\n\n\n\n

Customers who wish to utilize CME\u2019s Self Match Prevention functionality should associate their existing SMP IDs to their account, or create a new SMP ID.<\/p>\n\n\n\n

X_TRADER Platform Impact<\/strong>
<\/strong>X_TRADER will not support iLink 3.0.<\/p>\n\n\n\n

TT Platform Impact<\/strong>
<\/strong>iLink 3.0 is currently available in UAT, and will be available in Production in the near future.<\/p>\n\n\n\n

<\/span>HKEX: New Production Addition – Hang Seng TECH Index Options<\/strong><\/span><\/h4>\n\n\n\n
January 18<\/strong><\/h5>\n\n\n\n

HKEX is launching Hang Seng TECH Index Options on January 18. <\/p>\n\n\n\n

X_TRADER Platform Impact<\/strong>
<\/strong>To trade these products, apply an updated pMerge file<\/a> to all HKEX Gateways:<\/p>\n\n\n\n

  1. Copy the HKEX.pmg file to <drive letter>:\\tt\\config.<\/li>
  2. Stop GuardServer.<\/li>
  3. Navigate to <drive letter>:\\tt\\bin.<\/li>
  4. Double-click pMerge.exe. The Enter Exchange Name window appears.<\/li>
  5. Specify the exchange name and flavor and click OK. The Open Guardian product table merge file window appears.<\/li>
  6. Navigate to <drive letter>:\\tt\\config and select the HKEX.pmg file. pMerge will update the existing Guardian Product Table with the correct values. After pMerge completes its tasks, the pMerge status bar displays Finished.<\/li>
  7. Close the pMerge status bar.<\/li>
  8. Start GuardServer.<\/li><\/ol>\n\n\n\n

    The above listed steps need to be repeated for each HKEX Gateway<\/p>\n\n\n\n

    After pMerge runs, verify that the Guardian Product Table contains the following values:<\/p>\n\n\n\n

    Contract<\/strong><\/td>Product Code<\/strong><\/td>Point Value<\/strong><\/td><\/tr>
    Hang Seng TECH Index Futures and Options<\/td>HTI<\/td>50<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

    TT Platform Impact<\/strong>
    <\/strong>No customer action required; Products will be available automatically.<\/p>\n\n\n\n

    <\/span>LME: Prohibition on Iceberg Order Type for Specified Contracts<\/strong><\/span><\/h4>\n\n\n\n
    January 25<\/strong><\/h5>\n\n\n\n

    Please see LME member notice 20\/283<\/a>, which advises that on January 25, the LME will introduce a rule-based prohibition in relation to the use of native LMEselect discretionary and Iceberg order types for specified contracts. The confirmed scope and list of LME Contracts subject to the Prohibition are detailed in section 9 of the notice.<\/p>\n\n\n\n

    Note that LMESelect will not reject these Prohibited orders.<\/p>\n\n\n\n

    TT Platform Impact<\/strong>
    On January 25, users will no longer have the ability to submit Iceberg orders on the products listed as prohibited in section 9 of LME Notice 20\/283.<\/p>\n\n\n\n

    X_TRADER Platform Impact<\/strong>
    No changes to restrict Icebergs on the prohibited products will be made on the X_TRADER platform. Customers should refrain from placing Iceberg orders on the products listed as prohibited in section 9 of LME Notice 20\/283.<\/p>\n\n\n\n

    <\/span>SGX: Change in Tick Size of SGX TSI Iron Ore CFR China (62% Fe Fines) Index Futures<\/strong><\/span><\/h4>\n\n\n\n
    January 25<\/strong><\/h5>\n\n\n\n

    SGX will be making changes to the contract specifications of SGX TSI Iron Ore CFR China (62% Fe Fines) Index Futures effective Monday, January 25.<\/p>\n\n\n\n

    The tick size for the Outright Market is increasing from US$0.01 to US$0.05. The Calendar Spread Market tick size remains unchanged. <\/p>\n\n\n\n

    X_TRADER and TT Platform Impact<\/strong>
    Customers should cancel long dated orders on January 22. All long dated orders as of the T+1 close on January 22 will be purged from the system. <\/p>\n\n\n\n

    <\/span>SGX: New Product Additions – SGX FTSE Equity Index Futures and Three New Singapore Single Stock Futures\u00a0<\/strong><\/span><\/h4>\n\n\n\n
    January 25<\/strong><\/h5>\n\n\n\n

    SGX is launching the products shown below for trading starting January 25.<\/p>\n\n\n\n

    X_TRADER Impact<\/strong>
    The pmerge file will be included in next week\u2019s update. <\/p>\n\n\n\n

    To trade these products, apply an updated pMerge file to all SGX Gateways:<\/p>\n\n\n\n

    1. Copy the SGX.pmg file to <drive letter>:\\tt\\config.<\/li>
    2. Stop GuardServer.<\/li>
    3. Navigate to <drive letter>:\\tt\\bin.<\/li>
    4. Double-click pMerge.exe. The Enter Exchange Name window appears.<\/li>
    5. Specify the exchange name and flavor and click OK. The Open Guardian product table merge file window appears.<\/li>
    6. Navigate to <drive letter>:\\tt\\config and select the SGX.pmg file. pMerge will update the existing Guardian Product Table with the correct values. After pMerge completes its tasks, the pMerge status bar displays Finished.<\/li>
    7. Close the pMerge status bar.<\/li>
    8. Start GuardServer.<\/li><\/ol>\n\n\n\n

      The above listed steps need to be repeated for each SGX Gateway<\/p>\n\n\n\n

      After pMerge runs, verify that the Guardian Product Table contains the following values:<\/p>\n\n\n\n

      Product Name<\/td>Product Symbol<\/td>Point Value<\/td><\/tr>
      SGX FTSE Emerging ESG Index Futures<\/td>EEM<\/td>50<\/td><\/tr>
      SGX FTSE Emerging Asia ESG Index Futures<\/td>EEMA<\/td>50<\/td><\/tr>
      SGX FTSE Asia ex Japan ESG Index Futures<\/td>EAXJ<\/td>25<\/td><\/tr>
      SGX FTSE Vietnam NTR (USD) Index Futures<\/td>FNVN<\/td>10<\/td><\/tr>
      SGX FTSE Blossom Japan Index Futures<\/td>EJP<\/td>50,000<\/td><\/tr>
      AREIT Futures<\/td>YARE<\/td>5000<\/td><\/tr>
      Capitaland Futures<\/td>YCAP<\/td>5000<\/td><\/tr>
      Top Glove Futures<\/td>YTGL<\/td>1000<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

      TT Platform Impact<\/strong>
      No action needed. Products will be available automatically.<\/p>\n\n\n\n

      <\/span>SGX: Suspension and Dormancy of SGX MSCI Derivatives Contracts<\/strong><\/span><\/h4>\n\n\n\n
      January 29<\/strong><\/h5>\n\n\n\n

      SGX will be implementing the suspension and dormancy of a second batch of MSCI contracts. These contracts will be delisted in due course. The Exchange will suspend trading of contracts and contract months that have no existing open interest. <\/p>\n\n\n\n

      Contract months with open interest will continue trading up til close of the T-session on Friday, January 29. Thereafter, the Exchange will restrict trading for these contracts only to enable the closing out of positions. <\/p>\n\n\n\n

      The following contracts will be suspended on January 29:<\/p>\n\n\n\n

      Product Name<\/td>Product Symbol<\/td><\/tr>

      SGX MSCI Emerging Markets (USD) Index Futures<\/td>      		EM<\/td><\/tr>
      SGX MSCI Australia Net Total Return (USD) Index Futures <\/td>NAU<\/td><\/tr>
      SGX MSCI Emerging Market Net Total Return (USD) Index Futures <\/td>NEM<\/td><\/tr>
      SGX MSCI Vietnam Net Total Return (USD) Index Futures<\/td>NVN<\/td><\/tr>
      SGX MSCI Indonesia Net Total Return (USD) Index Futures<\/td>NID<\/td><\/tr>
      SGX MSCI Japan Net Total Return (USD) Index Futures<\/td>NJP<\/td><\/tr>
      SGX MSCI Philippines Net Total Return (USD) Index Futures <\/td>NPH<\/td><\/tr>
      SGX MSCI Thailand Net Total Return (USD) Index Futures<\/td>NTH<\/td><\/tr>
      SGX MSCI Taiwan Net Total Return (USD) Index Futures<\/td>NTW<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

      To allow for the orderly close out of outstanding open interest, the handling of the following Relevant Contracts will be as follows:<\/p>\n\n\n\n

      Relevant Contracts<\/td>SGX MSCI China Free Net Total Return (USD) Index Futures (NCH)SGX MSCI Emerging Market Asia Net Total Return (USD) Index Futures (NEA)SGX MSCI Malaysia Net Total Return (USD) Index Futures (NMY)SGX MSCI India Net Total Return (USD) Index Futures (NMD)<\/td><\/tr>
      January 2021 Contract month<\/td>All screen trading will continue as normal until Last Trading Day (LTD) of the January 2021 contract.<\/td><\/tr>
      Contract months with no open interest (excluding January 2021)<\/td>All screen trading to cease after the close of the T-session, Monday, 4 January 2021.
      This includes all existing contract months of the above Relevant Contracts except for March 2021* expiry.<\/td><\/tr>
      Contract months with open interest (excluding January 2021)<\/td>The March 2021* contract series will continue to be available for trading until the end of T session on Friday, 29 January 2021. Thereafter, these series will be disabled.
      Participants who are still holding positions beyond 29 January 2021 may either (i) hold the contract to their natural expiry or (ii) both counterparties to submit a form via their Clearing Member(s) to Singapore Exchange Derivatives Clearing Limited (\u201cSGX-DC\u201d) to request for registration of the trade for clearing by SGX-DC. 
      SGX-DC will approve if there is no increase to total Open Interest.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

      *as of January 4<\/p>\n\n\n\n

      The following contracts will be made dormant effective February 1:<\/p>\n\n\n\n

      Product Name<\/td>Product Symbol<\/td><\/tr>

      SGX MSCI Emerging Markets (USD) Index Futures<\/td>      		EM<\/td><\/tr>
      SGX MSCI Australia Net Total Return (USD) Index Futures <\/td>NAU<\/td><\/tr>
      SGX MSCI Emerging Market Net Total Return (USD) Index Futures <\/td>NEM<\/td><\/tr>
      SGX MSCI Vietnam Net Total Return (USD) Index Futures<\/td>NVN<\/td><\/tr>
      SGX MSCI Indonesia Index Futures<\/td>ID<\/td><\/tr>
      SGX MSCI Indonesia Net Total Return (USD) Index Futures<\/td>NID<\/td><\/tr>
      SGX MSCI Japan Net Total Return (USD) Index Futures<\/td>NJP<\/td><\/tr>
      SGX MSCI Philippines Net Total Return (USD) Index Futures <\/td>NPH<\/td><\/tr>
      SGX MSCI Thailand Net Total Return (USD) Index Futures<\/td>NTH<\/td><\/tr>
      SGX MSCI Taiwan Net Total Return (USD) Index Futures<\/td>NTW<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

      Refinitiv RIC Code Changes<\/strong><\/p>\n\n\n\n

      February 28<\/strong><\/p>\n\n\n\n

      Refinitiv will remove the prefix \u201c1\u201d from RIC codes for CME Futures and Spreads, effective February 28. With this change, Refinitiv will only support Composite (no prefix) RICs. <\/p>\n\n\n\n

      Examples:<\/p>\n\n\n\n

      Existing RIC: 1EDV0<\/p>\n\n\n\n

      New RIC: EDV0<\/p>\n\n\n\n

      Existing RIC: 1A32FN0<\/p>\n\n\n\n

      New RIC: A32FN0<\/p>\n\n\n\n

      Affected RIC codes will be updated on the TT platform after the close on February 26 and will be available on February 28.<\/p>\n\n\n\n

      FIA: Execution Source Code Schema Initiative (Tag 1031) <\/strong><\/p>\n\n\n\n

      Timeline varies by exchange<\/strong><\/p>\n\n\n\n

      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.<\/p>\n\n\n\n

      Exchange-Specific Plans<\/em><\/p>\n\n\n\n