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  • A Common Trade ID that links each trade execution across CME Globex and through CME Clearing as follows:
    • iLink tag 37711-MDTradeEntryID
    • MDP 3.0 tag 37711-MDTradeEntryID
    • CME STP and CME STP FIX MdtradeentryID
  • Real-time trade price adjustments reporting to participating traders and market as a whole via iLink and MDP 3.0 messages.
Noteinfo
  • Trade Correction can only be initiated by a customer calling the GCC.
  • The GCC reserves the right to change spread leg prices for all legs or some of the legs—for example affected legs in an implied trade—to minimize market disruption and preserve trade integrity.
  • Trade corrections are only performed for current session transactions on CME Globex. Trades from a prior session cannot be corrected once the new session starts.

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The following diagram shows an example of a Trade Correction for a spread and one leg and how the new common identifier and other trade correction values populate across iLink order entry and MDP 3.0 market data messages.

Noteinfo

This diagram depicts only the order entry messages for Trader A to demonstrate the new order entry message values, and does not show the related trade counterparties.

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