FIX/FAST Updates
FIX/FAST Enhancements
At customers' request, and to facilitate the migration to the FIX/FAST market data format, CME Group is introducing the following enhancements to FIX/FAST on the Market Data Platform effective Sunday, September 28, 2008. As a result of these changes, nine message templates will be updated. Templates are available for customers' download at ftp.cme.com. Please note: CME Group recommends all customers download the templates weekly, before Sunday market open, to ensure your systems are using the current templates.

• New FIX tag 5799-MatchEventIndicator added to the Market Data Incremental Refresh (tag 35=X). This tag indicates the beginning of a new match event. The tag will be set to 1 in the trade report block for a new trade event. If there is no value present, then the message is not the beginning of a match event.
  • For example, in an Incremental Refresh message reporting trades for the following match events:
    1. An order with 10 lots matches against 10 orders of 1 lots
    2. An order with 5 lots matches against a 3-lot and a 2-lot order
  • The Incremental Refresh message will contain a total of 12 blocks. Blocks 1 and 11 will have tag 5799=1 to indicate that block 1 is the first trade report for event 1 and block 11 is the first trade report for event 2. All other blocks will not have tag 5799.
• New FIX tag 5770-PriceRatio added to the Security Definition (tag 35-MsgType=d). This tag defines the ratios for the new implied Treasury intercommodity spreads. Detailed information on these new products and the messaging change is available in the Implied Functionality Enhancements client impact.
• Changed tag number for the AggressorSide indicator to 5797, for FIX compliancy.

These changes and the new message templates will be available for customer testing in the New Release environment Thursday, August 28.

Migration & the Elimination of RLC Format
Customers must complete their migration to FIX/FAST from the legacy RLC format market data by October 17, 2008.

The mandatory certification for FIX/FAST can be completed through AutoCert+ in New Release. More information is available in the AutoCert+ User Guide. FIX/FAST is currently available for customer testing in the New Release and Certification environments.

After October 17, support surcharges will be assessed for each site still receiving RLC format market data:

• $2,000 per week in October
• $4,000 per week in November
• $6,000 per week in December

The legacy RLC format market data will be eliminated no later than the end of December 2008. Please note that we cannot extend RLC broadcast beyond the December deadline, due to internal system dependencies. The FIX/FAST Software Development Kit, including Market Data Platform channel definitions and reference code, is available online.

Saturday FIX/FAST Testing
Through Saturday, October 4, CME Group will replay production-speed market data in the production environment for FIX/FAST and RLC formats for 30 minutes, from 11:30 a.m. to noon Central time (CT).

There will be no replay window on the Labor Day holiday weekend, Saturday, August 30.

The data disseminated during each Saturday's replay window will be captured during the prior mid-week trading.

CME Group recommends all system providers purge and reload their instrument databases every week. To support testing during these replay windows, the FIX/FAST Security Definition (tag 35=d) and RLC Instrument Creation (MO) messages from the prior week will be available on the instrument definition channels each Saturday morning starting at 10:00 a.m. CT.

Support will be available; customers may call 312.715.6003 with any questions during the replay windows.

The following market data channels for FIX/FAST and RLC formats will be available:

Channel definitions, including IPs and ports, are available online:

• Certified FIX/FAST customers can access the channel definitions in XML format at ftp.cme.com
• RLC channel definitions are available in PDF format

Please contact your CME Globex Account Manager with any questions at 312.634.8700; in Europe at +44.20.7796.7100; or in Asia at +852.3101.7696.

FIX/FAST AutoCert+ in the Certification Environmentj
To prepare for upcoming launches in New Release, on Monday, July 14, the AutoCert+ certification suite for FIX/FAST market data was moved from the New Release environment to the Certification environment. Customers can complete their testing and certification in the Certification environment, which always mirrors the current production functionality and environment.

To support the AutoCert+ move to Certification environment, CME Group launched new Market Data Platform multicast channels and ports. Please note: customers may need to complete changes to their network settings to connect to the new channels.

FIX/FAST Market Data Statistics
Effective Friday, August 1, 2008, FIX/FAST market data statistics are now available on the CME Group Metrics page at www.cmegroup.com/bandwidthstats. The CME Group Metrics page provides insight to key market data statistics, including average bandwidth, peak bandwidth, average message rate and peak message rate on a daily, monthly or quarterly basis.

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Order Status Enhancements
CME Group is launching enhancements to both the inbound Order Status Request and outbound Execution Report - Order Status iLink messages. Scheduled to launch October 5, 2008, these enhancements will provide more precise and current state information on working orders.

These enhancements provide:

• The most current state in the order chain is always reflected in the Execution Report - Order Status Reponse Message.
• Cumulative order quantity reflects the actual quantity in the most current state in the order chain.
• More precise order state details.

A Client Impact Assessment is now available with detailed information. CME Group strongly recommends all front-end trading systems completely test the enhanced order status messaging in New Release, available now.

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CME Globex and BM&F BOVESPA SA
A Client Overview document is now available for the first phase of the CME Globex-GTS order routing implementation. This document provides instructions for CME Group customers currently connected to CME Globex intending to trade Brazilian Mercantile and Futures Exchange/Sao Paulo Stock Exchange (BM&F BOVESPA) products on CME Globex and assumes certification to iLink and FIX/FAST on the Market Data Platform.

The agreement between CME Group, the world's largest and most diverse exchange, and BM&F BOVESPA SA, a leading Latin American exchange, establishes an interconnection between the exchanges' electronic trading systems - CME Globex and GTS, respectively. CME Globex customers will be able to access the GTS order book, and GTS users will be able to access the CME Globex order book.

A beta program is now available. Customers will be able to begin testing in the New Release environment and complete the required certification via AutoCert+ in August.

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Implied Functionality Enhancements & Implied Treasury Intercommodity Spreads
On Sunday, November 2, 2008 (trade date Monday, November 3), CME Group is scheduled to launch enhancements to the implied functionality on CME Globex. This launch will also include new implied intercommodity spreads for Treasury futures, available for trading Sunday, November 16 (trade date Monday, November 17).

With this launch, Eurodollar Pack Spreads, including Pack Butterflies, will support implied functionality for the first 10 years listed.

Customers and system providers are not required to certify for these enhancements; however, CME Group encourages all system providers to complete testing with these new instruments and functionality in the New Release environment starting September 11. The new implied intercommodity Treasury spreads will be available in New Release on September 29.

A Client Impact Assesment is now available with detailed information.

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CME Clearing360 Trade Reporter
CME Group recently launched a new trade capture web-based user interface, and an updated application programming interface (API) that provides a new and more efficient means to report privately-negotiated trades and get them submitted to CME Clearing. The goal is to make processing easier and more straight-through for traders, brokers and clearing firms.

This new application is called CME Clearing360 Trade Reporter and is accessible through CME EOS Trader, which is one of the applications using the API. Using the web-based Trade Reporter application, a trader can report a block trade for any block eligible CME Group product.

Clearing360 and the Trade Reporter system will:

• Price all the legs of the strategy
• Verify that the trade conforms with minimum quantity rules
• Eliminate the need for a phone call to the CME Globex Control Center (GCC)
• Submit the trade to clearing
• Enable the trade automatically to be loaded to the two clearing firms, once the trade has either passed a credit check on both sides or been explicitly accepted

Bottom line: your trading will be more efficient.

• No need for a call to the GCC to report the trade
• No need for the clearing firm to submit the trade
  • Trade details will automatically flow from the clearing system to the clearing firm
    • Please note: trades are not valid until both sides’ clearing firms explicitly confirm acceptance of the trade.

The following CME Group products are eligible for block trade clearing through Trade Reporter.

For more information, including how to obtain access to Trade Reporter, please visit www.cmegroup.com/tradereporter.

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Introducing the New CME E-quotes
Real-time market data. Anytime. Anywhere.

The new CME E-quotes is a revolutionary software application offering world-class charting and analytics, real-time quotes and news on CME Group-traded products. The next generation of CME E-quotes desktop software is now available with access to data and quotes for:

• Chicago Mercantile Exchange (CME)
• Chicago Board of Trade (CBOT)
• New York Mercantile Exchange (NYMEX)
• Commodities Exchange (COMEX)
• Kansas City Board of Trade (KCBOT)
• Minneapolis Grain Exchange (MGE)

Plus gain access to any of the Dow Jones Commodity NewsWires, customizable Quote Monitors with Live Quote Link to an Excel spreadsheet (DDE), advanced Option Chain Monitors, Market Depth, Time & Sales, and more.

CME E-quotes' customizable packages offer a great combination of sophistication, usability, performance and price. Learn more at www.cmegroup.com/e-quotes.

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CME Globex Disaster Recovery Program
CME Group is committed to the protection of its members, employees and stakeholders and has a long history of successfully managing risk. In keeping with those traditions, CME Group has a comprehensive business continuity program in place.

CME Group offers two programs for business continuity testing: CME Globex DR Connectivity testing and Simulated CME Globex DR testing.

The CME Globex DR Connectivity testing, conducted monthly, is designed to ensure that customers can establish a connection to the DR environment in case of an emergency. Customers are required to register in advance to participate online. Disaster Recovery IPs and ports have been distributed by your CME Globex Account Manager.

Complete information on the CME Group business continuity program and the CME Globex DR Connectivity testing, including testing session dates, is available online. CME Group encourages all directly connected customers review the DR Client Impact Assessment.

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Earlier Sunday Security Definition and MO Messages
Effective Sunday, July 13, in all customer-facing environments, the weekly FIX/FAST Security Definition (FIX tag 35-MsgType=d) and RLC Instrument Creation (MO) message broadcasts now go out one hour earlier at 11:00 a.m. Central time (CT). Previously, these messages went out every Sunday at 12:00 p.m. CT.

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