CME STP FIXML - CME ClearPort API Broker Fees

The page describes the broker fees information submitted on CME ClearPort API made available to CME STP FIXML client systems.

See also: CME ClearPort API - Broker Fees for Brokered Trades.

Contents

1 Overview
- 1.1 CommData Element
- 1.2 FIXML Structure Rules
- 1.3 Example Messages
  - 1.3.1 Outright Trade
  - 1.3.2 Spread Trade - Multiple Legs

Overview

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 Client system

CommData Element

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

Name	FIXML Attribute	Data Type	Description
Basis	Basis	Integer	Type of Rate initially allowed for broker fees: 1 = Per Unit 2 = Percentage 8 = Per Contract
Amount	Amt	Amt	The total commission amount
Rate	Rt	Float	Rate per basis. For example, $1 per contract.
Amount Type	Typ	Integer	Type of Commission
Unit of measure	UOM	String	Unit of measure for trade.
Unit of Measure Currency	UOMCcy	Currency	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 (/TrdCaptRpt/RptSide) and the same @Basis, @Rt, @Ccy; and an enriched @UOM and @UOMCcy will be reported on CME STP FIXML at the Side/Leg level for each allocation.

Broker fees will not be published on CME STP FIXML Trade Capture Reports resulting from the following post-trade allocations:

Allocations / Reassignment from a Customer Holding Account to an actual Customer Account
APS (Average Pricing System)

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. Therefore the new Broker fees element should always be in the following order:

After RegTrdID and
Before TrdRegTS

Each CommData element will represent one Broker fee.

Example Messages

Outright Trade

The following is an example of Outright Crude Oil Trade with the following characteristics:

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

Spread Trade - Multiple Legs

The following is an example of Natural Gas Spread Trade reported at the Spread Level with repeating Leg level trade information with the following characteristics:

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

Client systems should use @LegRefID from Commission Data Block to determine commission of the Trade Leg (/TrdLeg/@LegNo)