The Global Technical Committee has reviewed and preliminarily approved the CME Average pricing and markup proposal. The purpose of this document is to provide support for trade submissions and give-up by clients of a Central Counterparty (CCP) clearing house. The enhancements allow the ability to indicate the use of various average pricing models and additional details to show how an average was determined.
The document now enters a public comment period in which public review and feedback is encouraged. Once the public comment period closes, the Global Technical Governance Board will meet to review public comments before final approval.
Please post feedback, comments, and questions as replies to this discussion thread.
A link to the proposal can be found at: https://www.fixtrading.org/packages/fix-protocol-ga-cme-average-pricing-markup-proposal/
The public comment period ends on December 20, 2017.