CME FIXML Initiatives 2004

© Chicago Mercantile Exchange Inc. All rights reserved. 2 CME FIXML Projects 2004  FIXML 4.4 Positions Services API (Currently Available)  FIXML Trade Capture for SLEDS and Privately Negotiated Trades (EFP and Blocks)  FIXML Allocate and Claim API for Average Pricing  TREX to FIXML Transition Support

© Chicago Mercantile Exchange Inc. All rights reserved. 3 FIXML Position Services API—Currently Available  Real time Trade Registers  On request  Customized  Real time balancing  Real time Exercise and Assignment Reports  Message Based PCS  Supports all Product types, including FLEX Options  Updateable Real Time  API supports Exercise requests, Contrary Instructions and Position Adjustments  All updateable real time  Referential Messaging

© Chicago Mercantile Exchange Inc. All rights reserved. 4 EFP and Block Trade Capture API—June 2004  First FIXML Trade Capture at the CME  Supports submission of a matched trade  Multiple Allocation Blocks  Pack and Bundle Entry

© Chicago Mercantile Exchange Inc. All rights reserved. 5 SLEDS FIXML API—July 2004  Single and Leg Level Submission  Multiple Allocations, per leg, per side  Compatibility with APS API

© Chicago Mercantile Exchange Inc. All rights reserved. 6 APS FIXML Allocate and Claim API  Fully functional API  Transfer with residual  Allocate and Claim  Trade Grouping  Integrated with our current Allocate and Claim API for vanilla give-ups

© Chicago Mercantile Exchange Inc. All rights reserved. 7 The Vision  FIXML is a standard that provides a comprehensive framework for all services and solutions:  Order and Fill Routing  Trade Submission and Reporting  Trade Allocation and Acceptance  Position Reporting and Maintenance  Risk and Collateral Reporting and Maintenance  Price Reporting  Product Dissemination

© Chicago Mercantile Exchange Inc. All rights reserved. 8 CME’s FIXML Users Guides The following FIXML Users Guides and Specification Docs are now available on CME website:  Position Services Users Guide  Blocks and EFP Users Guide FIXML developer’s training sessions are held in Chicago and NY. More sessions will be scheduled upon demand

© Chicago Mercantile Exchange Inc. All rights reserved. 9 Implementation Plan  A few firms are currently testing CME/CBOT Trade Register Data File FIXML 4.4 version for both Midday and EOD files.  PNT (Privately Negotiated Transactions) Testing will start in early May. A detailed notice will be sent out soon.  PNT Implementation is scheduled for June 3 rd.  Firms will utilize the current infrastructure.

© Chicago Mercantile Exchange Inc. All rights reserved. 10 MQ-Series Transport for FIXML Messages  FIXML will be fully supported over MQSeries. The process of sending and receiving FIXML messages will be no different than for TREX.  Transmission of FIXML messages to the CME will require the use of separate queues dedicated to FIXML processing.  The CME will transmit FIXML messages to a separate outbound queue at the firm.  It will be necessary for the firm to define new sending and receiving channels between itself and the CME since the CME will be hosting the Clearing API processing in a new.

© Chicago Mercantile Exchange Inc. All rights reserved. 11 Additional Information Additional CME FIXML resources can be found on CME website: Users are encouraged to sign up to CME FIXML distribution list for the latest developments:  Via  Via phone: Thank you