CME Straight Through Processing
Straight Through Processing (STP) at CME Group enhances the trade lifecycle by automating order routing, execution and confirmation. This system not only reduces operational risks but also boosts efficiency and accelerates settlement processes. STP supports a vast array of products traded at CME Group including futures, options, spread, cleared OTC transactions along with Fixed Income and FX cash markets. CME Straight Through Processing (CME STP) messages and functions are made available using industry standard FIX and FIXML API formats with custom CME Group extensions:
CME STP FIX - A standard FIX 4.4 API which supports Query, Subscriptions and trade confirmation message Streaming over TCP/IP with custom CME extensions and data dictionary (link in CME STP FIX table below)
CME STP FIXML - Built upon Representation State Transfer (REST) web service technology. Client systems can use POST method to a HTTP URL to obtain trade confirmations. HTTP parameters, POST payload and statuses are used to model the remote procedure call behavior. The inbound / outbound trade data payload is FIXML, a XML representation FIX.
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Service Overview
This section provides a service overview for CME STP FIX and CME STP FIXML features.
CME STP FIX Features
This section describes the STP FIX features available for futures and options, BrokerTec, and EBS markets.
CME STP FIX Feature | Futures and Options | BrokerTec | EBS | Description |
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Connectivity, Session Management, Snapshot and Subscriptions, Error Handling | ||||
Business Layer | ||||
Subscribe to and handle multi-legged Spread trades | ||||
Business concepts specific to markets supported by CME STP FIX | ||||
Message Specification | ||||
Message specifications to manage a session between Client system and CME STP FIX | ||||
CME STP FIX - Business Message Specification - Futures and Options |
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CME STP FIX - Business Message Specifications - BrokerTec FI |
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Unified FIX data dictionary for use by client systems to validate inbound and outbound messages from CME STP FIX |
CME STP FIXML Features
This section describes the STP FIXML features available for futures and options, BrokerTec, and EBS markets.
CME STP FIXML Feature | Futures and Options | BrokerTec | EBS | Description |
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Connectivity, Session Management, Snapshot and Subscriptions, Error Handling | ||||
Business Layer | ||||
Subscribe to and handle multi-legged Spread trades | ||||
Business concepts specific to markets supported by CME STP FIXML | ||||
CME STP FIXML - Business Concepts - EBS | ||||
Message Specification | ||||
Message specifications to manage a session between Client system and CME STP FIXML | ||||
CME STP FIXML - Business Message Specification - Futures and Options |
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CME STP FIXML - Business Message Specifications - BrokerTec FI |
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