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Customers can test anytime CME Globex is available. A successful test is indicated by the client receipt of either:
An Execution Report acknowledgment during the pre-open
An Execution Report - Reject during the close
CME Globex also lists synthetic products for internal testing purposes only. These products are not eligible for customer order entry. Synthetic products can be identified by the use of a special character in the Group Code (tag 1151-SecurityGroup).
Contents
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CME Globex Test Product
The test product mimics the futures contract currently available to trade on CME Globex. Only outright futures are listed. Market data is disseminated on the MDP 3.0 market data channel of the tradable contract.
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The test product is available for order routing only — trades and Fill or Kill (FOK) and Fill and Kill (FAK) orders are not supported. |
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CME Globex supports the following functionality for test products.
Identifiers
Test products have have the following iLink order entry and market data messaging identifiers:
CME Globex Test Product | MDP 3.0: tag 6937-Asset | iLink 2: tag 55-Symbol iLink 3 and MDP 3.0: tag 1151-SecurityGroup |
|---|---|---|
Test – E-mini S&P MidCap 400 Futures | 0MD (zero-M-D) | $M |
iLink Order Entry
Order entry functionality is available for test productson iLink as described below.
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The messaging threshold for test contracts is restricted to 1 message per 30 seconds per iLink session. |
New Order
Order Types and Qualifiers:
Day
Limit
Order Modify
Order Status
Order Cancel
Mass Order Status
Mass Order Cancel
Market Data
Market data functionality for test products is available as follows.
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Only the Pre-Open and Closed market states are available for test contracts per the following schedule.
Day | Time (CT) | Instrument Security Status (tag 35-MsgType = f) |
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Sunday | tag 326-SecurityTradingStatus = | |
Pre Open | 16:00 | 21 (Pre Open) |
Close | 16:59 | 4 (Close) |
Monday-Thursday | tag 326-SecurityTradingStatus = | |
Pre-Open | 16:45 | 21 (Pre Open) |
Close | 16:59 | 4 (Close) |
Market Data Statistics
The following statistics are available for test contracts.
Indicative Opening – Incremental Refresh tag 35-MsgType=X, tag 269-MDEntryType=4
A fixed, reasonable value will be published in the Daily Settlement – Incremental Refresh tag 35-MsgType=X, tag 269-MDEntryType=6 (Settlement price)
Preliminary settlements will be published
Messaging Controls are applicable
Risk Management Services
CME Globex Credit Controls
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This is not a comprehensive list. Clients must leverage the SecurityGroup value to determine what is a Synthetic product.
Synthetic Product | MDP 3.0: TAG 6937-ASSET | ILINK 2: TAG 55-SYMBOL |
|---|---|---|
Test Nikkei 225 (Yen) | 0NK | #2 |
Test Three-Month SOFR futures | 0SR | $D |
Test Three-Month SOFR options | 0SR | A$ |