SBE - Streamlined Market Data for OTC Daily

The streamlined SBE platform supports OTC daily market data for cleared OTC derivatives including the following asset classes:

• Credit

• Agriculture

• Energy

• Metals

For these asset classes, market data is sent for contracts that are traded off-exchange and only cleared through CME ClearPort clearing services (a.k.a. ‘cleared only’).

The streamlined SBE message formats in this topic are designed specifically for OTC futures and forwards, and are distinct from the messages sent on other CME Group platforms. 

OTC daily market data via streamlined SBE has the following characteristics:

• The following MDP channels are available for OTC daily market data via streamlined SBE:

  • Channel 200 = CME Credit OTC

  • Channel 201 = CME Cleared OTC

• Only the Market Data Incremental Refresh (tag 35-MsgType=X) message is available.

• A new Market Data Incremental Refresh (35=X) message template is required.

• A Product Key for OTC daily market data is included in each Market Data Incremental Refresh (35=X) message.

• The following OTC daily market data is disseminated on an incremental market data feed:

  • Open Interest

  • Cleared Volume

  • Settlement Price

• Order book management is not applicable

• TCP historical replay is available for message recovery

  • The Market Recovery feed is not supported