TT CME Gateway System Administration Manual - Trading ...

Support For Inter-Exchange Spread Products
4 Configuring Market Data
Overview The TT CME Gateway supports trading of inter-exchange spread (IES) products.
Inter-exchange spreads are implied futures spreads with two legs that originate
from different exchanges. They consist of buying the front leg (exchange A) and
selling the back leg (exchange B), with both legs having the same maturity.
Traders must be authorized to trade the products of both exchanges (e.g., NYMEX
& DME) in order to trade the inter-exchange spread.
Available Products There are four IES products available for trading via the TT CME Gateway:
Client Application Impact X_TRADER ® 7.4.9 or higher supports trading of NYMEX and DME products, and
supports trading of the inter-exchange spread crude oil contracts.
Configuring Support for
Inter-Exchange Spreads
Contract Front Leg
(NYMEX)
Brent / Oman Financial
Crude Spread
Sweet / Oman Financial
Crude Spread
Brent / Oman Crude
Spread
Sweet / Oman Crude
Spread
Brent Crude Oil Oman Financial
Crude Oil
Light Sweet Crude
Oil
Back Leg (DME) Product Code
Oman Financial
Crude Oil
BZF1-ZGDF1
CLF1-ZGDF1
Brent Crude Oil Oman Crude Oil BZF1-OQDF1
Light Sweet Crude
Oil
Table 12. NYMEX-DME Inter-Exchange Spread Products
Oman Crude Oil CLF1-OQDF1
Note: In the Market Explorer window, the outright contracts for DME and NYMEX energy
products list under Future while the corresponding spreads list under Spread.
Trading of IES contracts is supported on the TT CME Gateway by enabling
channels for the two outright futures products in addition to the
INTER_EXCHANGE_SPREAD channel in the [price_session] section of the
hostinfo.cfg file. For example, enable the following channels to trade NYMEX-
DME implied inter-exchange spreads:
• NYMEX_FAST_OIL_GASOLINE_IPORT
• DME_FUTURES
• INTER_EXCHANGE_SPREADS
Trading of DME and NYMEX products are supported on the gateway, so verify that
these parameters are enabled.
The three parameters enabled for trading NYMEX-DME inter-exchange spreads are
shown in the following example.
86 TT CME Gateway System Administration Manual
Trading Technologies International, Inc.