The CME Group Exchanges have updated their recordkeeping requirements for order routing/front-end systems connected to the CME Globex platform through CME iLink. These updates include: (1) clarifying the scope of requirements for multi-tier architecture systems, including Tier 1 and Tier 2 specifications; (2) clarifying the requirements for each message type supported on CME iLink; (3) adding fields to capture the appropriate message flow for advanced functionalities, to represent parent/child order relationship and to adapt to the new CME iLink architecture; and (4) removing fields that are redundant or yield no regulatory benefit. Affected members must comply with the modified requirements by April 1, 2016.

The CME Group Exchanges’ Market Regulation Advisory Notice is available here. The CME Group Exchanges’ certification under Part 40 of CFTC regulations, which includes additional details on the relevant updates, is available here.