The Lab

Expand all   Collapse all

Versions Compared

Old Version 2

changes.mady.by.user Matthew Whitaker

Saved on

compared with

New Version 3

changes.mady.by.user Matthew Whitaker

Saved on

Key

  • This line was added.
  • This line was removed.
  • Formatting was changed.
Comment: Published by Scroll Versions from this space and version 1.3.9

...

Warning
titleEBS Market OFF-SEF/OFF-MTF NDF Migration -  Sunday, July 24

EBS is restructuring the EBS Market Off-SEF NDF venue effective Sunday, July 24 (trade date Monday, July 25), pending regulatory approval. All EBS Market Off-SEF/Off-MTF NDFs  will be migrated to Off-SEF/On-MTF UK-regulated multi-lateral trading facility (“MTF”). 

Full list of EBS products for reference: https://www.cmegroup.com/confluence/display/EPICSANDBOX/EBS+Product+Overview#EBSProductOverview-ProductInventory

Changes:

Exchange Identifier: 207-SecurityExchangeCurrent: EBSC
  • New: XEBS

  • RegulatoryBodies.MiFID 

    1. Current: False
    2. New: True
    • Validation: With this migration, CME Globex will validate MiFID short code identifiers

    API Impacts for the new Off-SEF/On-MTF instruments:

    1. All EBS gateways: RegulatoryBodies.MiFID: will change from FALSE to TRUE.

    2. ebs_market_ilink3_sbe: MiFID regulatory fields must be populated,
      3. . the MiFID eligible regulatory fields
    3. as per ebs_market_ilink3_sbe#RegulatoryFields
      4. will need to be populated on the orders
    4. .

    Business Impacts:

    1. Exchange Identifier: For affected instruments, the ExecutionVenue MIC will change from EBSC to XEBS.
    2. Trading Schedule: The Off-SEF/On-MTF NDFs will have a daily trading close, similar to the NEX's On-SEF/On-MTF instruments. All Good for Auction (GFA) orders are eliminated at the close. Currently, the Off-SEF/Off-MTF NDFs close weekly.


    Tip
    titleTesting

    As detailed in the EBS communication, the Off-SEF/On-MTF NDF instruments will be available for customer testing in the CME Globex New Release environment Monday, July 11.


    The following instruments will be impacted with this migration:

    ...