CME Changes

[Linda1507]

Hi I just had this email from the CME, will these changes affect NT8 and third party indicators.




Price Precision Technology Changes

Update and Timeline


This note is to ensure you are aware of upcoming technology changes.

As announced last November, CME Group is enhancing its CME Globex systems to support up to 9 decimals, and Clearing systems up to 8 decimals of price precision. The technical changes are across all CME Group products, and your systems need to be ready irrespective of the asset classes and contracts in which you are active.

These changes have been widely communicated by our Global Account Management and Clearing House Operations teams who have been in touch with customer technology and operations teams since last October, but we are taking this extra step to confirm all key customers are informed. Please check with your internal teams and vendors to confirm all your systems will be ready.

IMPACTED TECHNOLOGY SERVICES & TIMING:

• This change will impact Order Routing (iLink), Market Data (MDP), Drop Copy, Straight-Through Processing (STP) and Clearing services according to the time frame below.
• The first of these technology changes will be on August 12, 2018, for which the market data schema change to MDP will require client systems using MDP to be ready in order to correctly display CME Group Market Data.

FIRST CONTRACT IMPACTED:

• The first contract that will use the increased price precision will be the 2-Year Treasury Note futures, which will move to 8 decimals on January 13, 2019.
• However, the technology changes are across all CME Group products. Your systems need to be ready irrespective of the asset classes and contracts in which you are active.

TECHNOLOGY CHANGE TIMETABLE:

• August-November 2018 – Market Data new schema rollout in Production – MDP systems must be able to handle prices with 9 decimal places, including trailing zeros.
• November 2018 – Test Product in Production –iLink, MDP3 and Drop Copy messages on the test product will publish 8 meaningful decimal places.
• January 13, 2019 – 2-Year Treasury Note futures prices will extend to 8 decimal places. All customer systems must be ready to process 8 decimal place prices and the corresponding fractional display.

FOR MORE INFORMATION:

• For CME Globex systems support, contact Global Account Management at [email protected] or +1 312 634 8700 in North America, +44 20 3379 3754 in Europe or +65 6593 5505 in Asia.
• For CME Clearing System support, contact Clearing Operations at [email protected] or +1 312 207 2525 in North America, +44 20 3379 3198 in Europe or +65 6593 5591 in Asia.

Regards
Linda1507

[NinjaTrader_PatrickG]

Linda1507, NinjaTrader is aware of these CME changes and will make the updates to the NinjaTrader platform as needed prior to January 2019.

The adjustment needed within NinjaTrader is adding the 8-decimal tick size to the tick size list. As we currently understand it, this will only impact one instrument - the ZN. Once the new tick size is added, the ZN instrument should be automatically updated in the database. If any other instruments also adopt an 8-decimal tick size, NinjaTrader will be prepared at that time to make the necessary adjustments.