CME Group Inc. · NASDAQ:CME
CME — Corporate Update (April 2017)
90 slides from CME's corporate update, April 2017
Slide 1: CME Group Customer Forum Q2 2017
CME Group Customer Forum Q2 2017 Singapore: 25 April Hong Kong: 27 April London: 10 May US Webinar: 11 May CME GROUP INTERNAL © 2017 CME Group. All rights reserved.
Slide 2: Disclaimer
Disclaimer This document is intended to be distributed to professional investors only. CME, CBOT and NYMEX are not licensed to carry on business in dealing or advising on futures contracts under the Securities and Futures Ordinance in Hong Kong. CME Group, The Globe Logo, CME, Chicago Mercantile Exc
Slide 3: Agenda
Agenda • Product Updates - FX/IR: FX Options, FX Futures, Ultra 10 Futures - Equity: Liquidity for Asia, Russell 2000, Monday Weekly Options - Energy: Global Benchmark, Deep Liquidity for Asia, On-screen Options - Metals: Comex Gold and Silver Benchmarks. Comex Copper arbitrage vs. SHFE - Agricultur
Slide 4: Interest Rate & FX Products
Interest Rate & FX Products Ravi Pandit, Executive Director, FX & Interest Rate Products, Asia Speaker : Minah Kim Director Equity Products, Asia CME GROUP INTERNAL © 2017 CME Group. All rights reserved.
Slide 5: FX Highlights
FX Highlights • FX Monthly expiries launched on 27-Feb • Initial launch for 6 currency pairs (EUR/USD, JPY/USD, GBP/USD, AUD/USD, CAD/USD & EUR/GBP) • Three additional “serial” expiries, in addition to Quarterly expiries • Week 1 ADV 2000 lots; Mar 9 volume 3,566 lots on Globex • Early Adopter Marke
Slide 6: Interest Rates Highlights
Interest Rates Highlights • Ultra 10 Futures Update • Traded over 17.51M contracts by 400+ global participants by Feb 2017 since Jan 11, 2016 launch • Options volumes picking up as well • ADV is 110K on a 3 mth moving average; OI reached 347K on Feb 23 • Winner: FOW 2016 “Most Innovative Launch”; Ri
Slide 7: Equity Products
Equity Products Minah Kim Director Equity Products, Asia CME GROUP INTERNAL © 2017 CME Group. All rights reserved.
Slide 8: CME Group Equity Index Futures Product Suite
CME Group Equity Index Futures Product Suite Actionable Liquidity, Around-The-Clock U.S. Indices International Indices S&P Select Sectors • S&P 500 • NIKKEI 225 JPY • Consumer Discretionary • NASDAQ 100 • NIKKEI 225 USD • Consumer Staples • DJIA • NIFTY 50 • Energy • S&P MidCap 400 • FTSE China 50 •
Slide 9: E-mini S&P 500 Futures Liquidity During Asian Hours
E-mini S&P 500 Futures Liquidity During Asian Hours E-mini S&P 500 futures trade over $10B per day during APAC trading hours, making it comparable to the most liquid APAC index futures.1 1 E-mini S&P 500 futures volume is based on 8:00 AM-4:00 PM HKT. All others are based on local trading hours CME
Slide 10: Around-the-clock Liquidity amid Major Market Events
Around-the-clock Liquidity amid Major Market Events Case study: Brexit vote and the 2016 U.S. election On the nights of the Brexit vote and U.S. election, CME S&P 500 futures traded $180B and $264B notional value, respectively, dwarfing the liquidity traded via S&P 500-based ETFs and cash constituen
Slide 11: CME Nikkei 225 Index Futures Suite
CME Nikkei 225 Index Futures Suite • 75,765 contracts traded daily in 2016, +9% vs. 2015 • 18,594 contracts traded daily during Asian Hours in 2016, +15% vs. 2015 • High correlation between USD and JPY Nikkei 225 futures is heavily traded CME Nikkei 225 Futures Suite ADV 140,000 120,000 100,000 80,0
Slide 12: CME Group Equity Index Options On Futures
CME Group Equity Index Options On Futures Trade options on the benchmark that global investors are watching Product Offerings Key Benefits Product Highlights • E-MINI S&P 500 & S&P 500 • Around-the-clock Liquidity • 636,000+ contracts traded - Quarterly daily in 2016, +15% vs 2015 - EOM • Capital Ef
Slide 13: Options Trading Surges During Non-U.S. Hours
Options Trading Surges During Non-U.S. Hours Capitalize on liquidity whenever news happens with an average of 636K contracts traded daily in 2016 and more than 77K contracts traded daily outside of U.S. trading hours, +22% increase vs. 2015. 1 Non-U.S. Trading Hours are 5:00 p.m. – 7:00 a.m. CT. CME
Slide 14: Around-the-Clock Liquidity amid Major Market Events
Around-the-Clock Liquidity amid Major Market Events Case study: Brexit vote and the 2016 U.S. election Investors turned to CME Group’s equity index options on futures during the Brexit vote and U.S. Election to capitalize on the deep liquidity and 24-hour access. S&P 500 options on futures traded be
Slide 15: Monday Weekly Options
Monday Weekly Options Monday Weekly Options on S&P 500 and E-mini S&P 500 futures (launched April 3, 2017) expire on the Monday each week, providing additional flexibility for participants to tailor their market exposure based on anticipated and potentially market-moving events. Product Highlights B
Slide 16: E-mini Russell 2000 Index Futures and Options
E-mini Russell 2000 Index Futures and Options Launch July 10, 2017 The launch of E-mini Russell 2000® Index futures and options on July 10 will extend an already broad suite of benchmark U.S. index contracts and offer you even more ways to manage risk and tap into liquidity. More Products More Ways
Slide 17: Contact the Equity Products Team
Contact the Equity Products Team NORTH AMERICA Tim McCourt Tom Boggs Richard Co +1 212 299 2415 +1 312 930 3038 +1 312 930 3227 Tim.McCourt@cmegroup.com Thomas.Boggs@cmegroup.com Richard.Co@cmegroup.com Giovanni Vicioso Tom Rafferty +1 212 299 2163 +1 312 634 8396 Giovanni.Vicioso@cmegroup.com Tom.R
Slide 18: Energy Products
Energy Products Nicolas Dupuis Senior Director Energy Products, Asia CME GROUP INTERNAL © 2017 CME Group. All rights reserved.
Slide 19: NYMEX WTI & refined products Average Daily Volume and Open Interest
NYMEX WTI & refined products Average Daily Volume and Open Interest 1,400 WTI Futures (CL) ADV and OI 2,500 • In 2016, Crude Oil WTI Futures grew by 37%, with average daily volume nearly reaching 1.2 million; an 1,200 2,000 Average Daily Volume (000s) all-time record 1,000 Open Interest (000s) 800 1
Slide 20: Henry Hub natural gas Average Daily Volume and Open Interest
Henry Hub natural gas Average Daily Volume and Open Interest 600,000 Henry Hub Futures (NG) ADV and OI 1,400,000 500,000 1,200,000 Average Daily Volume 1,000,000 400,000 Open Interest 800,000 300,000 600,000 200,000 400,000 100,000 200,000 0 0 Average Daily Volume Natural Gas Futures Open Interest •
Slide 21: WTI: Strong liquidity during Asian business hours
WTI: Strong liquidity during Asian business hours WTI Futures (CL) ADV • Asian hour WTI (CL) average daily volumes > 120,000 contracts over the last 12 months. • Over the same period, the proportion of WTI volume traded between 8a-8p has stabilized at around 10%. Source: CME Group database CME GROUP
Slide 22: WTI: an Order Book consistently tight, 23h a day
WTI: an Order Book consistently tight, 23h a day Average Best Bid/Ask during Asian hours is 1.21 vs. 1.18 during US hours. Source: CME Group database CME GROUP INTERNAL © 2017 CME Group. All rights reserved.
Slide 23: WTI Crude Oil Option (LO)
WTI Crude Oil Option (LO) CME GROUP INTERNAL © 2017 CME Group. All rights reserved. 23
Slide 24: CME Direct: build your strategy and RFQ
CME Direct: build your strategy and RFQ • Strategy builder: build your option strategy with in a few clicks • Example on the right shows a call spread - LO - Apr17 - Buy @ 54 C / sell @ 55.50 C • And submit it on-screen for RFQ CME GROUP INTERNAL © 2017 CME Group. All rights reserved. 24
Slide 25: Over 50% of Asian trades occurs in non-RTH
Over 50% of Asian trades occurs in non-RTH Regular Trading Hours: 08:00 – 17:00 CST (22:00 – 07:00 SIN) Electronic Trading Hours Asia: 17:00 – 24:00 CST (07:00 – 14:00 SIN) Europe: 24:00 – 08:00 CST (14:00 – 22:00 SIN) Time zone and percentage of LO traded in Asia 100% 90% 80% 70% 60% 50% 40% 30% 20
Slide 26: CME's most active crude oil option contracts
CME’s most active crude oil option contracts CME GROUP INTERNAL © 2017 CME Group. All rights reserved. 26
Slide 27: Weekly energy options
Weekly energy options – More expirations, more options, more precise risk management Regional crude oil and natural gas storage data, weather anomalies and other macroeconomic factors can have a dramatic impact on the energy markets. Weekly options give you greater flexibility to manage volatility a
Slide 28: WTI weeklies average daily volume
WTI weeklies average daily volume CME GROUP INTERNAL © 2017 CME Group. All rights reserved. 28
Slide 29: Metals Products
Metals Products Youngjin Chang, Executive Director, Metals Products Speaker : Nicolas Dupuis Senior Director Energy Products, Asia CME GROUP INTERNAL © 2017 CME Group. All rights reserved.
Slide 30: Copper and Gold volume from 8am-3pm Singapore Time
Copper and Gold volume from 8am-3pm Singapore Time Comex Copper and Gold are among CME’s most active Asian hour contracts Volume (Asia hours) 201602 201603 201604 201605 201606 201607 201608 201609 201610 201611 201612 201701 201702 AUSTRALIAN DOLLAR FUTURES 19,377 18,007 24,091 25,518 26,599 24,861
Slide 31: Overview of CME Group's Precious Metals Products
Overview of CME Group’s Precious Metals Products 2017 Q1 Average Daily Volume % Change from Open Interest Product Code Volume in ounces 2016 Q1 On 31st Mar 17 Gold Futures (100oz) GC 26.6 million oz +14% 41.8 million oz Silver Futures (5000oz) SI 380 million oz +20% 1080 million oz Platinum Futures
Slide 32: Development of Precious Metals Options
Development of Precious Metals Options • Largest and most liquid listed Gold Options market in the world, with open interest along the curve. • Significant growth in options electronification in the recent years, record monthly record of 81% achieved in Nov 2016. Total Precious Metals Options – Elec
Slide 33: Globalization – Growth from All Regions
Globalization – Growth from All Regions Metals Products Open Interest vs Large Open Interest Holder Growth (CFTC CoT report) Metals Products Volume Growth by Region in 2016 Asia-Pacific 47.0% North America 37.5% Australia 25.3% Europe 23.8% South America 8.9% Other regions 7.4% 0.0% 5.0% 10.0% 15.0%
Slide 34: Better and Growing Screen Liquidity
Better and Growing Screen Liquidity COMEX copper electronic market share is at an all-time record (74%) and +10% vs. 65% in 2016 COMEX Copper Eletronic Market Share 80% 75% 70% 65% 60% 55% 50% Apr-13 Oct-13 Apr-14 Oct-14 Apr-15 Oct-15 Apr-16 Oct-16 Jan-13 Jan-14 Jan-15 Jan-16 Jan-17 Jul-13 Jul-14 Ju
Slide 35: Copper is Truly an Around-the-Clock Market
Copper is Truly an Around-the-Clock Market Robust Copper Liquidity across all time-zones Average of HG Volume - Round Turns (Chicago Time - CST) 14,000 12,000 10,000 8,000 6,000 4,000 2,000 - CME GROUP INTERNAL © 2017 CME Group. All rights reserved. 35
Slide 36: COMEX Copper – Liquid and Transparent Futures Market
COMEX Copper – Liquid and Transparent Futures Market Average Daily Turnover ~100,000 lots = Exceed 1.1 mil mt per day COMEX Copper End of Month COMEX Copper ADV +31% YoY Jan-Feb Open Interest +66% YoY 120,000 300,000 103,727 268,928 100,000 250,000 78,944 80,000 200,000 Lots 161,578 Lots 60,000 150,
Slide 37: Arbitrage Opportunities
Arbitrage Opportunities Although each of the copper markets has its own specifics, they are highly correlated COMEX vs COMEX vs LME vs CONTRACT UNIT LME SHFE SHFE 1Y 99% 87% 88% COMEX 25000 lb =11.34 mt 3Y 98% 86% 87% SHFE 5 mt 5Y 96% 85% 84% LME 25 mt Data as of 20 Mar 2017 The calculation is based
Slide 38: Cost Advantage
Cost Advantage Competitive Transactional Costs and Affordable Margins CME Globex CME Globex COMEX Give-up Maintenance Trading & Clearing Trading & Clearing HG Copper Surcharge Margin Member Fee Non-Member Fee Per contract $0.70 $1.45 $0.05 $3,100 (25,000 lb) Per 25 mt $1.54 $3.20 $0.11 $6,834 Data a
Slide 39: Benefit from Copper Margin Offsets
Benefit from Copper Margin Offsets Significant Savings Base and Ferrous Precious and FX Energy SI - COMEX 5000 SILVER CL - CRUDE OIL FUTURE ALI - ALUMINUM FUTURES 50% 50% 35% FUTURES NYMEX PA - PALLADIUM FUTURES ZNC - ZINC FUTURES 50% 40% OQ - DME OMAN CRUDE OIL 30% NYMEX TIO - IRON ORE FUTURES CY -
Slide 40: Agricultural Products
Agricultural Products Nelson Low, Executive Director, Agricultural Products, Asia Speaker : Nicolas Dupuis Senior Director Energy Products, Asia CME GROUP INTERNAL © 2017 CME Group. All rights reserved.
Slide 41: Q4 & 2016 Palm Suite Performance Highlights
Q4 & 2016 Palm Suite Performance Highlights • The group of 6 products ended 2016 Palm Volume, Open Interest setting new records in both Volume and Open Interest (O.I.) • Year end OI expanded to 26,938 contracts, up +179% Y-on-Y • Q4 volume hit a new quarterly record at 35,704 contracts, growing by +
Slide 42: Palm Swaps Futurization
Palm Swaps Futurization • Due to the success of the palm swaps, we listed the Futures + futures equivalents of the 2 palm swaps in July Swaps Options • The swaps will remain listed • The futures are exact contract lookalikes of the swaps • Through futurization, these products will now become availab
Slide 43: Palm Swaps IDB List
Palm Swaps IDB List • Starsupply • Straits Financial James McKay Giel Teo James@starcb.com gielteo@straitsfinancial.com +65 6681 6460 +65 6672 9618 Leonie van der Poel Leonie@starcb.com • Northstar Commodities +41 22365 5300 Carol Fan carol@northstarcommodities. • Ginga Global Markets com.sg Laren T
Slide 44: EU Wheat contract: March '17 Update
EU Wheat contract: March ‘17 Update • Allows traders to deliver, re-deliver and carry certificates • Listed on CBOT, allows margin offsets vs SRW, HRW Wheat (60%) and corn (50%) • Over 100,000 lots traded since Sept 12 launch (ADV 800 lots) • Over 5 million tonnes of wheat • 65 lots delivered agains
Slide 45: Request for Cross (RFC) for Agricultural Options during ETH
Request for Cross (RFC) for Agricultural Options during ETH – Pre-Execution Communications • Pre-execution communications are discussions between market participants for the purpose of discerning interest in the execution of a transaction prior to the exposure of the order to the market. • Pre-execu
Slide 46: Agenda
Agenda • Product Updates • Globex Technology Changes - Expansion of FX Vol Quoted Options - Market By Order Update - CGW Upgrade & IP Change - New iLink & Drop Copy Logon Process - iLink 3.0 • Update on Risk Management • Customer Tools & GUIs • Market Regulation • Partner Services • Q&A CME GROUP IN
Slide 47: Vol Quoted Options & Triangulation Functionality
Vol Quoted Options & Triangulation Functionality Available now on CME Australian Dollar • Expanding Triangulation to the CME FX Majors • Pooled liquidity and price discovery across different quoting conventions - Volatility Quoted Options - Premium Quoted Options - Futures CME GROUP INTERNAL © 2017
Slide 48: Example: Quoting in Volatility
Example: Quoting in Volatility 6EH6 6EH6 C13500 BID ASK BID ASK (10) 1.3500 1.3502 (30) I (20) 0.0138 0.0140 (50) I I (10) 1.3494 1.3508 (20) I (20) 0.0136 0.0142 (40) 6EH6 VC13500 BID ASK (30) 10.00 10.05 (50) Bid 6EH6 C13500 0.0140 (10) Fill 10 6EH6 VC13500 @ 10.05 Fill 10 6EH6 C13500 @ 0.0140 Fil
Slide 49: Expanding CME FX Vol Quoted Options & Triangulation
Expanding CME FX Vol Quoted Options & Triangulation Triangulation for Japanese Yen, British May 14 Pound and Swiss Franc Triangulation for CME Canadian Dollar June 18 and EuroFX CME GROUP INTERNAL © 2017 CME Group. All rights reserved. 49
Slide 50: CME Globex Changes for CME FX Enhancements
CME Globex Changes for CME FX Enhancements Venue changes to enable future CME FX Enhancements May 21 – CME Commodity Options & CBOT IR Options CME Commodity Options CBOT Interest Rate Options New MSGW and DC IPs New Source IP for MDP3 New Source IP for MDP3 New config.xml files New config.xml files
Slide 51: Market By Order Market Data
Market By Order Market Data CME Globex Market By Order (MBO) provides: • Size of individual orders at a price • Individual queue position • Full depth of book MBO and Market By Price (MBP) Information on a Single Feed • Avoids the need to arbitrate between separate MBO and MBP feeds • MBP remains un
Slide 52: Market By Order Market Data
Market By Order Market Data • Phased Production Rollout by DCM • NYMEX, COMEX and DME: Complete • CBOT and MGEX: April 2 – April 23 • CME: May 7 – May 21 • BMD/KRX: June 4 • Production mocks available for all channels • MBO historical data will be captured as products are enabled with MBO in product
Slide 53: Market By Order Market Data
Market By Order Market Data Bandwidth Impacts • As projected, overall incremental feed bandwidth has increase 30-40% on channels with MBO. • During peak times, the number of incremental feed packets per millisecond has increased up to 40-50%. • To address possible microbursts CME Group has implement
Slide 54: 3rd Party System Providers Certified to MBO
3rd Party System Providers Certified to MBO • Celoxica • CQG • Fidessa • Onix Solutions • Quanthouse • Rithmic • Stellar Trading Systems • Strike Technologies • Trading Technologies (Next Gen Platform) • Activ Financial Systems Inc. • Exegy Incorporated Don’t see your platform? Please ask your vendo
Slide 55: Convenience Gateway Upgrade: June 2017
Convenience Gateway Upgrade: June 2017 After the successful launch of the MSGW architecture, we are now making improvements to our CGW architecture: • CGW hardware upgrade • Fewer CGWs reduce the necessary IP management • Preparing for Fault Tolerance change to designated primary in 2nd half of 2017
Slide 56: CGW Upgrade Roadmap
CGW Upgrade Roadmap Mandatory migration on June 25; optional earlier migration on June 18 June 24 & 25 • Customer mock Available Now • Mandatory • New IPs and Ports for migration to new all CGW sessions IPs June 3 June 17 & 18 Q4 • Last day to • Customer mock • Fault register for • Optional Toleranc
Slide 57: New CME Globex API Logon Authentication
New CME Globex API Logon Authentication Overview To ensure the highest levels of security, CME Group will implement further hardening of the iLink and Drop Copy session authentication at login New Logon Procedure • Keys are generated by CME and distributed via the Request Center every 12 months or u
Slide 58: Request Center Key Management
Request Center Key Management Keys will be requested and managed via the Request Center CME GROUP INTERNAL © 2017 CME Group. All rights reserved. 58
Slide 59: New iLink and Drop Copy Logon Process
New iLink and Drop Copy Logon Process Customer CME Globex Create a FIX logon FIX logon message including the HMAC, Access Key ID, and HMAC message and Algorithm ID Generate the HMAC using the logon Validation of HMAC message and the secret Logon Ack and message key timestamp Documentation: Q3 2017 N
Slide 60: iLink 3.0
iLink 3.0 Overview • Improved performance and reduced variability - Streamlined, efficient message designs - Fixed message sizes, regardless of content • Consistent message format for order entry and market data - Reduces cost and complexity of doing business on CME Globex • Customer-driven function
Slide 61: iLink 3.0 - Features
iLink 3.0 - Features Layer Feature Customer Impacts Presentation Simple Binary iLink messages are controlled by template, like Encoding (SBE) market data If iLink changes message layout, customers must update template Session New FIXP protocol Session protocol header only when needed Application mes
Slide 62: iLink 3.0 Migration Plan
iLink 3.0 Migration Plan: • iLink 3.0 and iLink 2.0 will be available in parallel for both CGW and MSGW sessions • iLink 2.0 will be decommissioned at the end of the parallel period • Drop Copy will support both iLink 3.0 and iLink 2.0 source sessions • Drop Copy applications must support both iLink
Slide 63: iLink 3.0 Timeline
iLink 3.0 Timeline Message Q3 2017 Specification Available New Release Two phases: • Q1 2018 – Protocol, encoding, session model • Q2 2018 – Customer-Driven Functionality Production 2H 2018 Decommission Early 2019 legacy iLink 2.x CME GROUP INTERNAL © 2017 CME Group. All rights reserved. 63
Slide 64: CME Globex Execution-Related Enhancements
CME Globex Execution-Related Enhancements • New tag to enhance straight through processing via a new common trade ID which traces each individual execution across CME Globex and through clearing • iLink tag 37711-MDTradeEntryID • MDP 3.0 tag 37711-MDTradeEntryID • CME STP and CME STP FIX MDTradeEntr
Slide 65: Agenda
Agenda • Product Updates • Globex Technology Changes • Update on Risk Management - In-Line Credit Controls - New Cross Venue Risk - SMP Phase 3 • Customer Tools & GUIs • Market Regulation • Partner Services • Q&A CME GROUP INTERNAL © 2017 CME Group. All rights reserved. 65
Slide 66: In-Line Credit Controls
In-Line Credit Controls CME Globex Pre-trade Risk Management: • A more granular type of pre-execution risk coverage than Globex Credit Controls (GC2), via CME Account Manager • Daily maximum quantity limits, per product, at the account level • Long and short position limits set separately for future
Slide 67: New! Cross Venue Risk
New! Cross Venue Risk Planned additional risk management functionality: Cross Venue Risk will allow clearing firms to set a one stop, real time set of dollar based limits encompassing both OTC and exchange traded contracts at the account level via the CME Account Manager tool Functionality: • Accoun
Slide 68: Self-Match Prevention Current & Future
Self-Match Prevention Current & Future SMP 1 & SMP 2 SMP 3 2017 Self Match Prevention 3 2013 Self Match Prevention 1 Extend SMP functionality Prevent the matching of orders across multiple Globex for accounts with common Firm ID's within or across ownership using the same clearing firms. Globex Firm
Slide 69: Self Match Prevention Phase 3
Self Match Prevention Phase 3 Key Facts Self Match Prevention Identifier (SMP ID): • Functionality remains optional and prevents one or more CME Globex Firm ID(s) from trading against its own opposite side order that contains the same Self Match Prevention Identifier (SMP ID) in tag 7928. • Trading
Slide 70: Self Match Prevention Phase 3 Key Customer Events and Dates
Self Match Prevention Phase 3 Key Customer Events and Dates Testing and Certification • All customers and system providers can test SMP functionality in New Release environment before launch. • Certification is not required for SMP Phase 3 functionality. Self Match Prevention Phase 3 Date New Releas
Slide 71: Globex Self Match Prevention
Globex Self Match Prevention How Do I Start Using SMP? 1) Customers will be required to submit the following information to their Clearing Firm: - Executing Firm ID - Account Owner - Account Number - CME Group Login - Tag 50 ID(s) associated with this SMP ID (not required if the party wishes to use
Slide 72: Agenda
Agenda • Product Updates • Globex Technology Changes • Update on Risk Management • Customer Tools & GUIs - CME Direct Releases - New FirmSoft - STP - DataMine • Market Regulation • Partner Services • Q&A CME GROUP INTERNAL © 2017 CME Group. All rights reserved. 72
Slide 73: CME Direct – Futures, Options, OTC Markets on a Single Platform
CME Direct – Futures, Options, OTC Markets on a Single Platform • Real-time streaming quotes with market depth • Globex RFQs, option strategy creation, including covered and • Multiple order types, including automated orders, order duration multi-leg and order protection functions • Real-time option
Slide 74: CME Direct – Recent Release April 3rd 2017
CME Direct – Recent Release April 3rd 2017 Customer feature rich release including: (http://www.cmegroup.com/trading/cme- direct/new-features.html) • Contract Links - Creates an interactive menu for contracts and strategies in CME Direct. Displays a color notification for CME Globex, OTC and Staged
Slide 75: CME Direct – Upcoming Release June 2017
CME Direct – Upcoming Release June 2017 Synthetic Iceberg Functionality Example: Limit Order to buy 100 CL at 55.50 • Managed by CME Direct using native Globex orders • Set maximum disclosed quantity = 10 • Different order Id with each quantity refresh • Set quantity difference percentage • Ability
Slide 76: New Look – CME Direct Mobile
New Look – CME Direct Mobile • View and cancel orders from desktop • Continuous market updates across all and your phone devices • Monitor markets and your orders from • Trade across multiple clearing accounts anywhere 76 CME GROUP INTERNAL © 2017 CME Group. All rights reserved.
Slide 77: New FirmSoft Version
New FirmSoft Version Try the New FirmSoft Today A new, user-friendly version is now available at https://one-nr.cmegroup.com. • What’s new? - Updated look-and-feel for easier navigation - New search and cancel by Market Segment Gateway ID functionality - Mobile-friendly access to features you need o
Slide 78: Benefits of CME STP
Benefits of CME STP Capture your Cleared Trades Data directly into your risk system • Direct feed, at no cost, from Exchange to customers • Customers do not have to rely on FCM for data, one source for all exchange transactions • STP for all cleared trades regardless of venue, exchange, front-end sy
Slide 79: CME STP Trade View – Coming Soon
CME STP Trade View – Coming Soon View all CME Group, Bilateral and Cleared Elsewhere trades across all venues CME GROUP INTERNAL © 2017 CME Group. All rights reserved. 79
Slide 80: CME DataMine
CME DataMine • Official source of the most comprehensive historical price information available for all CME Group markets. • Data spanning back to the 1970s. • Self-service cloud solution. • Data is available as a one-time download or as an on-going subscription. • 24/7 market data access to CME Bit
Slide 81: Agenda
Agenda • Product Updates • Globex Technology Changes • Update on Risk Management • Customer Tools & GUIs • Market Regulations - CFTC Ownership and Controls Reports - Globex Tag 50 ID Requirement • Partner Services • Q&A CME GROUP INTERNAL © 2017 CME Group. All rights reserved. 81
Slide 82: Reports of Large Positions Requirement – Rule 561
Reports of Large Positions Requirement – Rule 561 • As announced via Market Regulation Advisory Notice RA1606-5R issued on January 10 2017, Rule 561 was revised to enforce the CFTC Ownership and Controls Reports (“OCR”) rule. • (“Reports of Large Positions”) requiring an account with reportable posi
Slide 83: Reporting Process and Tool
Reporting Process and Tool • Clearing members may request foreign brokers to sign the CME Omnibus Reporting Agreement to acknowledge the CME Rule 561. • A new foreign broker should receive a CFTC Firm ID assigned to the firm by contacting CFTC directly, Margie Sweet, +1-312-596-0609, msweet@cftc.gov
Slide 84: Globex Tag 50 ID Requirement – Rule 576
Globex Tag 50 ID Requirement – Rule 576 Rule 576 (“Identification of Globex Terminal Operators”) requires that each Globex terminal operator be identified to the Exchanges by the submission of a unique Tag 50 ID. For CME iLink, Tag 50 IDs are issued by an Exchange Clearing Member firm (“Clearing Mem
Slide 85: Agenda
Agenda • Product Updates • Globex Technology Changes • Update on Risk Management • Customer Tools & GUIs • Market Regulation • Partner Services • Q&A CME GROUP INTERNAL © 2017 CME Group. All rights reserved. 85
Slide 86: Partnership Updates
Partnership Updates • The Royal Mint The Royal Mint and CME Group are collaborating to create the first ever digitized gold contract; Royal Mint Gold (RMG) is a cryptographically secure alternative to buying, holding or selling spot gold • Crypto Facilities CME Group Bitcoin Spot Real Time Index (BR
Slide 87: BMD FCPO Volume and OI
BMD FCPO Volume and OI (01 July 2013 – 28 February 2017) Volume O.I. 120,000 300,000 Record Open Interest : Record Volume : 287,859 (10/09/2014) 97,813 (22/02/17) Volume 100,000 250,000 Open Interest 80,000 200,000 60,000 150,000 40,000 100,000 20,000 50,000 0 0 01-Jul-13 01-Nov-13 01-Mar-14 01-Jul-
Slide 88: Reference of Important Dates
Reference of Important Dates Topic Date Market by Order (MBO) CME DCM rollout 7 – 21 May Triangulation - Japanese Yen, British Pound, and Swiss Franc 14-May CME Commodity Options - New MSGW and DC Ips, new source IP for MDP3, and new config.xml files 21-May CBOT Interest Rate Options - New Source IP
Slide 89: Contact Information
Contact Information CME Group Global Account Management Contacts: • Singapore office: - Kwong Cheng, ph: +65 6593 5574 - Adrian Ng, ph: +65 6593 5576 - Charlene Shek, ph: +65 6593 5589 • GAMAsia@cmegroup.com CME Development Support: Certification Support for Electronic Trading Group (CSET) • Support
Slide 90: The End
The End CME GROUP INTERNAL © 2017 CME Group. All rights reserved. 90