/
EBS Market on CME Globex Market Functionality

EBS Market on CME Globex Market Functionality

This topic describes market functionality for EBS Market's central limit order book and eFix Matching Services on the CME Globex platform. Products are on the CME Globex platform. 

CME Globex Services Schedules for EBS Market and eFix

Clients can connect and begin logging in to CME Group services starting 10:00 a.m. Central time (CT) Sundays, before the first market open. 

Clients must logout and disconnect from all services at 5:00 p.m. CT on Fridays, after the last market close for the week.

CME Group internal testing in the Production environment can occur during the weekend. Any trades or market data generated during these tests should be disregarded.

Getting Started with CME Group Services

This section provides an overview of current CME Group services that are used for EBS Market including eFix Matching on CME Globex. If you are new to CME Group services, CME Group recommends starting here.

Service

Description

Service

Description

iLink 3

Order entry and management service

MDP 3

Market data solutions

Drop Copy

Risk management API with real-time copies of orders and trades on CME Globex

Reference Data API

Web service API for comprehensive product and instrument parameters and definitions

Contents

Revision History

Date

Description

Date

Description

May 17, 2024

Added Unexecuted Order to Transaction Ratio section

July 13, 2022

Updated language for post-integration with CME Globex and removed "New and Modified Market Functionality" section.

June 7, 2022

Added note about tag 9768 to "In-Flight Mitigation" section. 

May 24, 2022

Removed "Future Topics" section.

May 4, 2022

Added "Institutional Prioritization Match Algorithm" section.

March 1, 2022

  • Added "SMP Features by Access Method" section.

September 30, 2021

June 2, 2021

  • EBS Product Overview - Rewrote entire page.

  • Rewrote "EBS Market on CME Globex Services"

  • "Market Integrity Controls"

    • Added Cancel on Conclusion.

    • Added link to Cancel on Disconnect.

  • Removed "Cancel on Disconnect" section.

December 15, 2020

"Regional Deployments for EBS Market and eFix Matching" - Correction to table.

 

December 3, 2020

Initial Publication

Testing and Certification

Functional certification via the AutoCert+ tool is mandatory for client systems accessing the following CME Group API services for EBS:

  • iLink 3 for Convenience Gateways (CGW)

  • iLink 3 for Market Segment Gateways (MSGW)

  • Drop Copy

  • MDP 3 services

EBS Market on CME Globex Services

See the full list of client services for EBS Market and eFix Matching Service on CME Globex.

Regional Deployments for EBS Market and eFix Matching

EBS Market and eFix Matching products trade in one of two distinct regions. Shared Services are available in the Chicago DC3 data center.

Each product is available for trading in a single location.

Shared Services includes Global Credit Limits, Data Insights Spectrum market data and EBS CPT post-trade service.

Products

Primary Region

Backup Region

Trading Engine

MSGW

CGW

MDP 3

Drop Copy

Shared Services

Products

Primary Region

Backup Region

Trading E