CME Group offers test products in the Production environment. There are three distinct categories:

1. External Test Product - This product is the only test product that allows client use for connectivity verification in the Production environment.

2. Internal Test Products - These products are used internally by CME Group to optimize support for futures and options instruments on CME Globex.

3. Synthetic Products - These products are synthetic outright futures that represent future spreads and are used for the underlying on listed options; for example, Natural Gas Calendar Spread Options.

These test products serve distinct purposes as detailed below.

Contents

CME Globex External Test Product

CME Group offers an external test product in the Production environment to facilitate client connectivity testing on CME Globex. The test product supports order entry, modification, status and cancel only. The test product does not permit trading or Self-Match Prevention testing.

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

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.

Identifiers

The external test product has the following iLink order entry and market data messaging identifiers:

External Test Product Functionality

CME Globex supports the following functionality for the external test product.

iLink Order Entry

Order entry functionality is available for test products on iLink as described below.

• 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.

Market States

Only the Pre-Open and Closed market states are available for test contracts per the following schedule.

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

For GC2 purposes, test products will have a $1 margin rate.

Drop Copy

Drop Copy is available for test product order entry messages.

CME Globex Internal Test Products

CME Globex also lists internal test products for internal testing purposes only. These products are not eligible for customer order entry. Clients can identify internal test products in thehttps://cmegroupclientsite.atlassian.net/wiki/spaces/EPICSANDBOX/pages/457215780 by using the productName attribute, where the product name starts with “TEST.” CME Group recommends that client systems ignore all MDP 3.0 messages for the internal test products:

Examples of Internal Test Products

This is not a comprehensive list. Clients must leverage Reference Data API to determine what is an Internal Test Product.

CME Globex Synthetic Products

CME Globex creates non-tradeable synthetic outright futures that represent a future spread and are used as the underlying on listed options; for example, Natural Gas Calendar Spread Options. Only the MDP 3.0 Security Definition (35=d) and Paused market states messages are available for synthetic underlying contracts.

The following table identifies the CME Globex synthetic products: