CME ClearPort API Broker Fees on STP

This functionality makes the broker fees information submitted on CME ClearPort API available to CME STP consumers. Detailed information on CME ClearPort API support of broker fees is available here.

Contents

Testing and Certification

Certification is mandatory for CME STP customers planning to utilize the new broker fee attributes and the CommData element.

Testing is recommended to ensure a smooth experience for customers not planning to utilize broker fee attributes.

Contact Information

Trade Flow

Broker fee submission on new trades and fee updates on existing trades will be supported for Outrights, Spreads and Allocations via CME ClearPort API.

Flow from CME ClearPort API to CME STP to Customer

CommData Element

CME STP trade reports have a dedicated block, the CommData element, for broker fees. Valid attributes are:

Name	Abbr	Data Type	Description
Basis	Basis	Integer	Type of Rate initially allowed for broker fees: 1 = Per Unit 2 = Percentage 8 = Per Contract
Rate	Rt	Decimal	Rate per basis. For example, $1 per contract.
Unit of measure	UOM	String	Unit of measure for trade.
Unit of Measure Currency	UOMCcy	String	Currency unit of measure for trade.
Currency	Ccy	String	Trade currency. Default is USD.
Leg Reference ID	LegRefID	Integer	Trade leg identifier.Required on all CommData legs of a spread.

Where accounts are allocated on only one side of the trade, the broker can only submit broker fees at the side level (RptSide) and the same Basis, Rt, Ccy; and an enriched UOM and UOMCcy will be reported on CME STP at the Side/Leg level for each allocation.

Certain fee updates may not be passed through. Broker fees will not be published on CME STP Trade Capture Reports resulting from the following post-trade allocations:

Allocations / Reassignment from a Customer Holding Account to an actual Customer Account
APS

Although these post-trade activities may change the ownership of the trade, the Broker Fees will only be available to the original trade owner.

FIXML Structure Rules

The order of elements is critical in FIXML so the new Broker fees element should always be in the following order:

After RegTrdID and
Before TrdRegTS

The new CommData element will be present in the RptSide messaging component.

Each CommData element will represent one Broker fee.

Sample Messages

Outright Crude Oil Trade - No Legs

There are no LegRefIDs as this is an Outright.

Basis (way fees are charged) is Per Unit.
Per unit amount is $0.01.
Unit is Barrel, as the CL is traded per barrel.

Click here to expand...

Line 20 in this Trade Capture Report message sample introduces the new CommData block:

<TrdCaptRpt RptID="14FCEAEDB4E0003D944061013580" TrdID="100001" TrdID2="14FCEAEDB4E0003D94" TransTyp="2" RptTyp="101" TrdRptStat="0" ReqID="ABC124" TrdTyp="1" MtchID="14FCEAEDB4E0003D90" ExecID="6887603" PxTyp="2" VenuTyp="X" LastQty="500" LastPx="45.00" TrdDt="2015-09-15" BizDt="2015-09-15" MLegRptTyp="1" TxnTm="2015-09-15T06:10:13-05:00" LastUpdateTm="2015-09-15T06:10:13.580-05:00">
    <Instrmt Sym="CLV5" ID="CL" Src="H" CFI="FCEPSO" SecTyp="FUT" MMY="201510" MatDt="2015-09-22" Mult="1000" UOM="Bbl" Exch="NYMEX" PxQteCcy="USD"></Instrmt>
    <RptSide Side="1" ClOrdID="C6887603" InptSrc="CPC" CustCpcty="1">
        <Pty ID="685" R="1"></Pty>
        <Pty ID="685" R="4"></Pty>
        <Pty ID="IRATFIRM" R="7"></Pty>
        <Pty ID="CME" R="21"></Pty>
        <Pty ID="NYMEX" R="22"></Pty>
        <Pty ID="IRAT4" Src="C" R="24">
            <Sub ID="2" Typ="26"></Sub>
        </Pty>
        <Pty ID="A-14410" Src="H" R="24"></Pty>
        <Pty ID="SHYIRAT" R="36">
            <Sub ID="s arun-IRAT" Typ="9"></Sub>
        </Pty>
        <Pty ID="MMTEST" R="62">
            <Sub ID="MIKE MIKE" Typ="9"></Sub>
        </Pty>
        <RegTrdID ID="CPC000006887603BN0001" Src="1010000023" Evnt="2" Typ="0"></RegTrdID>
        <CommData Basis="1" Rt=".01" Ccy="USD" UOM="Bbl" ></CommData>
        <TrdRegTS TS="2015-09-15T06:09:00-05:00" Typ="1"></TrdRegTS>
    </RptSide>
</TrdCaptRpt>

Spread Natural Gas Trade - Multiple Legs

There are multiple LegRefID values as this is a Spread.

Fee for each leg is $1 per contract.
Basis (the way fees are charged) is Per Contract.
Per contract amount is 1.00.
Currency is USD

Click here to expand...

Lines 39-43 in this Trade Capture Report message sample introduces the new CommData block:

<TrdCaptRpt RptID="14F6CD795270003D943042141066" TrdID="100003" TrdID2="14F6CD795270003D94" TransTyp="2" RptTyp="101" TrdRptStat="0" ReqID="ABC124" TrdTyp="1" MtchID="14F6CD795270003D90" ExecID="6833697" PxTyp="2" VenuTyp="X" LastQty="25" LastPx="2.798" TrdDt="2015-08-27" BizDt="2015-08-27" MLegRptTyp="3" TxnTm="2015-08-27T04:21:41-05:00" LastUpdateTm="2015-08-27T04:21:41.067-05:00">
            <Instrmt Sym="NN:SA" ID="NN" Src="H" CFI="FCECSO" SecTyp="MLEG" SubTyp="SA" MMY="20150900" MatDt="2015-08-27" Mult="2500" Exch="NYMEX" PxQteCcy="USD"></Instrmt>
            <TrdLeg Qty="25" RptID="14F6CD795270003D96" LegNo="1" RefID="100004" LastPx="2.798" OrigTmUnit="Mo" TrdgQty="62500">
                <Leg Sym="NNU5" ID="NN" Src="H" CFI="FCECSO" SecTyp="FUT" MMY="201509" Mat="2015-08-27" Mult="2500" UOM="MMBtu" Exch="NYMEX" Side="1"></Leg>
            </TrdLeg>
            <TrdLeg Qty="25" RptID="14F6CD795270003D98" LegNo="2" RefID="100005" LastPx="2.798" OrigTmUnit="Mo" TrdgQty="62500">
                <Leg Sym="NNV5" ID="NN" Src="H" CFI="FCECSO" SecTyp="FUT" MMY="201510" Mat="2015-09-28" Mult="2500" UOM="MMBtu" Exch="NYMEX" Side="1"></Leg>
            </TrdLeg>
            <TrdLeg Qty="25" RptID="14F6CD795270003D9A" LegNo="3" RefID="100006" LastPx="2.798" OrigTmUnit="Mo" TrdgQty="62500">
                <Leg Sym="NNX5" ID="NN" Src="H" CFI="FCECSO" SecTyp="FUT" MMY="201511" Mat="2015-10-28" Mult="2500" UOM="MMBtu" Exch="NYMEX" Side="1"></Leg>
            </TrdLeg>
            <TrdLeg Qty="25" RptID="14F6CD795270003D9C" LegNo="4" RefID="100007" LastPx="2.798" OrigTmUnit="Mo" TrdgQty="62500">
                <Leg Sym="NNZ5" ID="NN" Src="H" CFI="FCECSO" SecTyp="FUT" MMY="201512" Mat="2015-11-25" Mult="2500" UOM="MMBtu" Exch="NYMEX" Side="1"></Leg>
            </TrdLeg>
            <TrdLeg Qty="25" RptID="14F6CD795270003D9E" LegNo="5" RefID="100008" LastPx="2.798" OrigTmUnit="Mo" TrdgQty="62500">
                <Leg Sym="NNF6" ID="NN" Src="H" CFI="FCECSO" SecTyp="FUT" MMY="201601" Mat="2015-12-29" Mult="2500" UOM="MMBtu" Exch="NYMEX" Side="1"></Leg>
            </TrdLeg>
            <RptSide Side="1" ClOrdID="C6833697" InptSrc="CPC" CustCpcty="1" StrategyLinkID="14F6CD795270003D94">
                <Pty ID="685" R="1"></Pty>
                <Pty ID="685" R="4"></Pty>
                <Pty ID="IRATFIRM" R="7"></Pty>
                <Pty ID="CME" R="21"></Pty>
                <Pty ID="NYMEX" R="22"></Pty>
                <Pty ID="IRAT4" Src="C" R="24">
                    <Sub ID="2" Typ="26"></Sub>
                </Pty>
                <Pty ID="A-14410" Src="H" R="24"></Pty>
                <Pty ID="Super" R="36">
                    <Sub ID="Super ID" Typ="9"></Sub>
                </Pty>
                <Pty ID="MMTEST" R="62">
                    <Sub ID="MIKE MIKE" Typ="9"></Sub>
                </Pty>
                <RegTrdID ID="CPC000006833697BN0001" Src="1010000023" Evnt="2" Typ="0" LegRefID="1"></RegTrdID>
                <RegTrdID ID="CPC001006833697BN0001" Src="1010000023" Evnt="2" Typ="0" LegRefID="2"></RegTrdID>
                <RegTrdID ID="CPC002006833697BN0001" Src="1010000023" Evnt="2" Typ="0" LegRefID="3"></RegTrdID>
                <RegTrdID ID="CPC003006833697BN0001" Src="1010000023" Evnt="2" Typ="0" LegRefID="4"></RegTrdID>
                <RegTrdID ID="CPC004006833697BN0001" Src="1010000023" Evnt="2" Typ="0" LegRefID="5"></RegTrdID>
                <CommData Basis="8" Rt="1.00" Ccy="USD" LegRefID="1"></CommData>
                <CommData Basis="8" Rt="1.00" Ccy="USD" LegRefID="2"></CommData>
                <CommData Basis="8" Rt="1.00" Ccy="USD" LegRefID="3"></CommData>
                <CommData Basis="8" Rt="1.00" Ccy="USD" LegRefID="4"></CommData>
                <CommData Basis="8" Rt="1.00" Ccy="USD" LegRefID="5"></CommData>
                <TrdRegTS TS="2015-08-27T04:20:00-05:00" Typ="1"></TrdRegTS>
            </RptSide>
        </TrdCaptRpt>