CME STP Impacts for CME FX Spot plus - EBS
- Space Sync for Confluence
Effective Sunday, April 13 (trade date Monday April 14), CME Group will launch CME FX Spot+, a new tradable FX spot instrument, leveraging CME FX Link liquidity to bring together OTC spot FX and FX futures.
FX Spot+ uses FX Link and Globex implied functionality to connect liquidity across FX futures, FX Link, and FX Spot+. EBS spot FX participants will be able to access CME FX futures liquidity in OTC spot terms within an open, transparent, central limit order book.
This topic provides information CME STP Impacts for EBS clients who trade CME FX Spot+ products.
Contents
Revision History
Date | Description |
|---|---|
Monday, March 17, 2025 | Updated Modification to existing Fields with tag 99103-PostTradeType |
Wednesday, March 5, 2025 | Initial publication of this topic |
Key Events and Dates
Date | Milestone |
|---|---|
November 11, 2024
| Available in New Release For the complete release schedule, see CME FX Spot Plus Launch Schedule in New Release. |
TBA | Available in AutoCert+ |
Sunday, April 13 | Production launch |
Client System Impacts
This section provides information CME STP Impacts for EBS clients who trade CME FX Spot+ products.
New fields for FX Spot+
This table describes the new fields/values added to FX Spot+ trades in the Trade Capture Report (FIX: 35-MsgType=AE. FIXML:/TrdCaptRpt).
FIX Tag | FIXML XPath | Data Type | Description | Possible values |
|---|---|---|---|---|
582-CustOrderCapacity | TrdCaptRpt/RptSide/@CustCpcty | int | The customer capacity for this trade. |
|
1031-CustOrderHandlingInst | TrdCaptRpt/RptSide/@CustOrderHandlingInst | String | Defines source of original order |
|
Modification to existing Fields
This table describes the field values that differ between a EBS Spot & FX Spot+ trades in the Trade Capture Report.
FIX Tag | FIXML XPath | EBS Spot | FX Spot+ | Description |
|---|---|---|---|---|
207-SecurityExchange | TrdCaptRpt/Instrmt/@Exch | “EBS” | “FXS” | Identifies the traded exchange |
1117-RootPartyID 1119-RootPartyRole=”73” 1118-RootPartyIDSource=”G” | TrdCaptRpt/Pty/[@R=”73” AND @Src="G"]@ID | “EBSC” | “GLBX” | Market Identifier Code (MIC) |
FIX Tag | FIXML XPath | Data Type | Description | Possible values |
|---|---|---|---|---|
99103-PostTradeType | TrdCaptRpt/@PostTrdTyp | int | Identifies the type of ticket All trading firms for FXSpot+ are set up in a prime structure, tickets for Bilateral firms are marked as ‘synthetic’. | 4 - Synthetic / Prime give-up |
Changes to Party Block for CME FX Spot+
Party block fields will be updated as follows for CME FX Spot+ trade.
FIX Tag | FIXML Attribute | Change Type/Values |
|---|---|---|
452-PartyRole="36" 447-PartyIDSource="C" 448-PartyID=<Entering trader value> | /TrdCaptRpt/RptSide/Pty[@R="36"]/@ID | New PartyRole=36 - Entering Trader |
452-PartyRole="24" 447-PartyIDSource="C" ->803-PartySubIDType=26 ->523-PartySubID=<ID value> | /TrdCaptRpt/RptSide/Pty[@R="24" AND @Src="C"]/Sub[@Typ="26"]/@ID | New PartySubIDType=26 (Customer Account type or Origin) PartySubID values:
|
452-PartyRole="90" 447-PartyIDSource="D" → 523-PartySubID → 803-PartySubIDType="1000" | /TrdCaptRpt/RptSide/Pty[@R="90" AND @Src="D"]/Sub[@Typ="1000"]/@ID | New PartySubIDType = 1000 (Counterparty ID). Denotes the Counterparty’s Clearing Member Firm ID. |
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