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Member and user setup on e-cbot is facilitated by the Functional Member Readiness team. This section provides an overview of the process to set up participants to enable them to trade or view the products on the e-cbot LIFFE CONNECT^® platform.

6 .1.1                    User Access Contact

The CBOT requires all clearing member firms with direct e-cbot connections to have at least one User Access Contact (UAC) who will be given access to a secure e-cbot User Access Website that enables them to set-up participants.

6.1.2                    Responsible Person/Individual Trader Mnemonic/e-cbot User ID

e-cbot users log into the Trading Host through an Individual Trader Mnemonic (ITM) Key and password. Multiple e-cbot users may utilize the same ITM to access the trading host.  As many users may share an ITM, the CBOT will rely on an e-cbot User ID to identify the individual that entered a particular order.

Through the User Access Website UACs are required to register a Responsible Person and a backup Responsible Person with the exchange for each Individual Trader Mnemonic (ITM) Key requested.

The Responsible Person registered with the Exchange is the first point of contact for all orders submitted under the ITM Key, including any trades submitted through an order routing system. The Responsible Person must have the authority to modify or withdraw any order submitted under his or her ITM Key at the request of the CBOT and must have the ability to immediately identify the source of any order. A Responsible Person (or in his absence a Backup Responsible Person) must be reachable via telephone by the Exchange at all times that any of the ITMs assigned to him are in use.

An e-cbot User ID is a unique character string populated in the Trader Card Reference field in the LIFFE CONNECT^® 9.0 CBOT API that must be submitted with every e-cbot order. 

The e-cbot User ID must be captured at workstation login and automatically populated with each order. The e-cbot User ID must be secure and unavailable to the user in the Trader Card Reference field.

The trading host will validate that an e-cbot User ID had been entered in the appropriate field, but will not validate the content of this field.

The e-cbot User ID is a minimum of 4 alphanumeric characters up to a maximum of 11 alphanumeric characters and must be left justified within the Trader Card Reference Field in the API.

Trader Card Reference field	16 Character free format value
e-cbot User ID	4 - 11 characters – left justified

 

 

Registered e-cbot User IDs are assigned by the Exchange upon request from a firm’s User Access Contact.  Registered e-cbot User IDs are required for each of the following types of users:

1.  M = Exchange Member or Delegate

2.   P = Non-member proprietary trader for Exchange member firm

3.   C = Non-member employee of Exchange member or member firm

4.   N = Employee of non-member firm

Although an e-cbot User ID is required to be submitted with each order for all other users as well, these e-cbot User IDs are not assigned by or registered with the Exchange.

When an e-cbot User ID request is made via the User Access Website, the tool will generate a unique e-cbot User ID structured as follows: two randomly generated characters, followed by the first letter of the participant’s first name and the participant’s last name, up to a maximum of 11 characters.

Additionally, the tool will require the user type to be identified for each individual for whom an e-cbot User ID is requested.  If an individual’s user type changes, the UAC must update the user type of that Person within the User Access Website.  Those users whose e-cbot User IDs are not assigned by the Exchange must have User IDs structured as follows: 99, followed by 3 - 9 alphanumeric characters.

The concept of multiple participants using a single ITM Key allows member firms to facilitate order routing among their customers, trading desk, sales desk, individual member traders, etc.

An ITM Key can only have a single connection to e-cbot at anytime, therefore multiple participants must be connected to a common API session in order to share an ITM Key.

6.1.3                    Creation and Distribution of Security Keys

Individual Trader Mnemonic (ITM) keys are generated by the LIFFE CONNECT Key Management Facility (CKMF).

Euronext.liffe employs a simple PKI (Public Key Infrastructure) to enable participants to access LIFFE CONNECT.

In addition to the creation of keys for users to trade, keys are also created for external software developers, including ISVs and Member developers to enable them to test and conform their systems for trading on LIFFE CONNECT. 

Note:    Keys created for the test (simulation) system cannot access the Live system. LIFFE CONNECT does not allow the same ITM to be issued to more than one member firm.

6.1.4                    Key Deactivation    

ITM Keys will need to be deactivated to preclude an ITM from logging onto the e-cbot platform. Please contact Functional Member Readiness to have a key deactivated.  Should it be necessary to stop an ITM from trading intra-day, Market Operations can lock-out an ITM Key (See 3.1.3 Lock-out).

6 .1.5                    Master Trader Mnemonic (MTM)

Master Trader Mnemonic (MTM) functionality will enable an ITM that is designated by a Firm as an MTM to monitor, revise and cancel orders of designated ITMs. Trade and View-only ITMs can be enabled as MTMs. View-only MTMs cannot revise or cancel orders. Both Trade and View-only MTMs cannot monitor Market Maker Orders (MMOs). MTMs will also have logoff and lockout authority for their designated ITMs.

Following logoff all orders submitted by e-cbot User ID’s under that ITM excluding GTCs are transferred to the nominated replacement ITM. If there is no nominated replacement, the orders are deleted. The ITM can then log straight back in.

Following lockout all orders submitted by e-cbot User IDs under that ITM including GTCs will be cancelled. These orders are not transferred to a nominated replacement ITM and the ITM cannot log back in. Only e-cbot Market Operations can unlock a locked out ITM.

MTM functionality and designated MTM/ITM relationships will be implemented at the discretion of the Firm and administered into the Trading Host each day by Functional Member Readiness. For more information, please contact your Key Account Manager.