CME Group moves migration dates of BrokerTec to CME Globex
CME Group Inc (NASDAQ:CME) has announced changes to the migration dates of BrokerTec to CME Globex. This is done in order to allow additional time for client readiness in the current environment, CME Group says.
- BrokerTec Europe will migrate on Monday, January 18, 2021.
- BrokerTec US will migrate on Monday, February 1, 2021.
All APIs for BrokerTec on CME Globex are now available in New Release for client testing. More information about the APIs, onboarding and connectivity options is available on the BrokerTec Support Portal.
Client systems must certify for all applicable APIs before prior to participating in any mock trading session. The AutoCert+ test suites are now available for client system certification.
BrokerTec Integration Timeline
- October 2020 – January 30, 2021: Production Mock Trading Sessions
- January 18, 2021 – BrokerTec EU Launch
- February 1, 2021 – BrokerTec US Launch
The primary matching engines for BrokerTec US will be in the Equinix data center in Secaucus, New Jersey. The backup engines will be located in Aurora, IL for US Treasury Actives, and Equinix Slough for US Repo markets.
The primary matching engines for BrokerTec EU will be in the Equinix data center in Slough, UK. The backup engines will be located in Equinix Secaucus.
The existing BrokerTec Global Front End (GFE) application, which is currently used for trading existing BrokerTec markets, will be integrated onto CME Globex.
This approach will help ease the customer transition by reducing the number of changes, and will maintain the look and feel of the BrokerTec application that customers are accustomed to using.
BrokerTec market data will be available on the CME Market Data Platform (MDP) as the new CME MDP Premium service. New iCross connections will be required, and customers will be provided with the explicit configuration required.
BrokerTec on CME Globex will also support conflated market data over multicast UDP (CME MDP Conflated) and over TCP (CME MDP TCP).
BrokerTec offers three trading platforms to access fixed income markets, each designed to meet your specific trading needs. BrokerTec central limit order book (CLOB) is the industry-leading, dealer-to-dealer electronic trading platform supporting US Treasuries, US and EU repo markets and European government bond cash markets. BrokerTec Quote is a dealer-to-client request for quote (RFQ) trading solution for the European and US Repo markets. BrokerTec Stream is a robust, relationship-based streaming platform for US Treasury markets, backed by BrokerTec’s leading expertise, infrastructure and network of dealers.