• CME Globex Notices: June 27, 2016

      • To
      • CME Globex and Market Data Customers
      • From
      • GMSS
      • #
      • 20160627
      • Notice Date
      • 26 June 2016
    • Topics in this issue include:

       

      Critical System Updates

      Legacy Drop Copy Decommission

      Effective end of day Friday, July 1, legacy Drop Copy will be decommissioned for all users.

      Please contact your Global Account Manager with any questions or concerns in the U.S. at +1 312 634 8700, in Europe at +44 203 379 3754 or in Asia at +65 6593 5505 for additional information.

      Back to Top

       

      Update - iLink Session ID Policy and Operational Guidelines

      Denotes update to the article

      In 2015, CME Group introduced a new policy for the distribution and management of iLink session IDs as explained in the Update iLink Session ID Policy and Operational Guidelines. Now that rollout of the Market Segment Gateways is complete, that policy is being updated as noted below.

      Please see important iLink Session Policy dates:

      • Friday, July 1, 2016 -iLink session IDs that fail to meet the minimum monthly volume thresholds for the month of July will be subject to the Monthly Inactivity Charge (MIC). Inactive iLink session IDs must be deleted on or before July 29 to avoid the MIC.
      • †Friday, July 29, 2016 - all traded-in CGW iLink session IDs will no longer be available for use.
      • †Beginning Monday, August 1, 2016, when traded-in, CGW iLink session IDs will have their delete date set to the first Friday three weeks after the date traded-in after which, they will no longer be enabled for order entry purposes.

      Please contact your Global Account Manager with any questions.

      Back to Top

       

      Update - CME Globex Performance Enhancements

      Denotes update to the article

      Starting Sunday, July 10, CME Group will implement an enhancement to futures and options markets on the CME Globex platform. In internal testing, these enhancements reduced latency on CME Globex greater than 10% for futures markets and 25% for options on futures.

      There will be no changes to functionality or messaging format with these performance improvements. Good 'Till Cancelled and Good 'Till Date (GTC/GTD) orders will not be impacted.

      CME Globex Performance Enhancements
      Tag1300-MarketSegmentID Market Segment Production Launch
      70 CME Commodity futures July 10
      72 CBOT Commodity futures
      58 CBOT Treasury options
      64 CME E-mini S&P 500 futures July 17
      66 CBOT Equity futures
      62 CME FX futures
      56 NYMEX and COMEX options

      Back to Top

       

      Update - Streamlined SBE Market Data Protocol

      Denotes update to the article

      Effective Sunday, July 10 (trade date Monday, July 11), CME Group will continue implementing Streamlined Simple Binary Encoding (SBE) market data protocol. Streamlined SBE will replace the existing streamlined FIX/FAST market data protocol to align the market data protocol with MDP 3.0 encoding format.

      Please refer to the table for the implementation schedule and client impact assessments.

      Streamlined SBE Market Data Protocol
      SBE Feed Production New Release Client Impact Assessment Availability
      Blocks Available Available Blocks Streamlined Conversion to SBE
      Equity Indices - S&P & Dow Jones July 10 Available Equity Indices Streamlined Conversion to SBE
      Equity Indices - Bloomberg November 6 July 5 Equity Indices Streamlined Conversion to SBE
      Eris September 11 August 8 Eris Exchange Streamlined Conversion to SBE
      OTC-EOD September 25 August 22 TBD

      A new SBE config.xml file for production is now available for customer download from CME Group FTP site.

      The new Streamlined SBE schema is currently available in New Release. This new schema file includes support for Equity Indices, Eris and OTC-EOD.

      Customer systems receiving market data via Streamlined SBE must complete a mandatory certification suite for each market type.

      With the launch of the Streamlined SBE Equity Indices Bloomberg feed, the corresponding streamlined FIX/FAST feed will be decommissioned on the Friday prior to the New Release and Production launch. Streamlined SBE Equity Indices S&P & Dow Jones will support parallel feeds for streamlined FIX/FAST and SBE in both the New Release and Production environments.

      Additional details on each streamlined SBE conversions will be announced in future Globex Notices.

      Back to Top

       

      Update - iLink Enhancement for New Nanosecond Timestamp

      Denotes update to the article

      Effective †Sunday, July 17 (trade date Monday, July 18), in order to provide more transparency between iLink order entry and MDP 3.0 market data, iLink will support a new FIX tag 5979-RequestTime on all Convenience Gateway (CGW) and Market Segment Gateway (MSGW) sessions. Tag 5979-RequestTime is currently available for customer testing.

      This new timestamp represents the time the customer iLink message was received by the Market Segment Gateway and had FIFO order handling applied. The new tag will provide the date and time, in Universal Time Coordinated (UTC), represented in nanoseconds past the UNIX epoch time (00:00:00 UTC on 1 January 1970) with microsecond precision.

      Tag 5979-RequestTime will be added to all iLink application messages sent from CME Globex to the client system, except for the following application messages:

      • Security Definition (tag 35-MsgType=d)
      • Quote Cancel Acknowledgement (tag 35-MsgType=b, Tag 9775-UnsolicitedCancelType=A, B, C, D, E, F or H)
        • Only for Unsolicited Quote Cancel

      Additionally, no administrative messages sent from CME Globex to the client system will include tag 5979-RequestTime.

      For unsolicited outbound messages (e.g. trade cancel, end of day eliminations, unsolicited cancels, etc.) where there are no iLink inbound messages , tag 5979 will represent the time at which the transaction is processed on the trading engine in nanoseconds.

      Tag FIX Name Req Format Description
      5979 RequestTime N Int (20) Information carried on a response to convey the time (UTC) when the request was received by the MSGW application.UTC timestamps are sent in number of nanoseconds since UNIX epoch withmicrosecond precision.

      With this launch, tag 60-TransactTime will be redefined to the time when a customer iLink message reaches MSGW where applicable. Otherwise, tag 60 value will continue to represent trading engine event time as it does today.

      Customers may use iLink tag 60 or tag 5979 interchangeably, depending on the level of timestamp granularity needed, and can leverage them in combination with the MDP 3.0 tag 60 value.

      Please note that:

      • iLink tag 60 timestamp is sent in the existing UTC format with millisecond precision.
      • MDP 3.0 tag 60 timestamp is sent in number of nanosecond since UNIX epoch withmicrosecond precision.

      More details on the new timestamp are available in the New iLink Architecture client impact assessment.

      Back to Top

       

      New - Network Time Protocol (NTP) Server Decommission

      As a part of the expansion of CME Globex to Data Center 3, CME Group has deployed new Network Time Servers.

      The following CME Network Time Protocol (NTP) server will be decommissioned effective Friday, August 26.

      • 209.133.24.7

      Customers who utilize the NTP synchronization service from CME Group are required to update their NTP configurations to the following NTP servers. These changes can be made at any time. If the NTP configuration is not updated, customers may not be synchronized to CME clock source.

      Customers should update their configuration to utilize the following NTP servers.

      • 205.209.218.171
      • 205.209.218.172
      • 205.209.218.173

      Please refer to the Network Time Protocol for additional details.

      Back to Top

       

      MDP 3.0 Schema

      Starting on Sunday, September 25 (trade date Monday, September 26), CME Group will begin implementing new MDP 3.0 SBE schema files to support the upcoming Market by Order, Triangulation and Consolidated Fills initiatives on CME Globex. For more information regarding these initiatives, please see the CME Group Customer Forum. With the new MDP 3.0 SBE schema release, CME Group expects up to a 10% bandwidth increase per market data channel.

      In order to ease customer development efforts, the new SBE schema files will support Template Extension. CME Group recommends that the new Schema file be downloaded and implemented on the production launch date for each channel.

      Schema Channel Launch Schedule
      Channels Production New Release
      314 - CME Globex FX Futures
      315 - CME Globex FX Options
      316 - CME Globex Commodity Futures
      317 - CME Globex Commodity Options
      320 - CME Globex FX Futures II
      321 - CME Globex FX Options II
      September 25, 2016 Available
      310 - CME Globex Equity Futures
      311 - CME Globex Equity Options
      312 - CME Globex Interest Rate Futures
      313 - CME Globex Interest Rate Options
      318 - CME Globex Equity Futures - excludes E-mini S&P 500
      319 - CME Globex Equity Options - excludes E-mini S&P 500
      October 2, 2016 Available
      384 - NYMEX Globex Metals, Softs, & Alternative Market Futures
      385 - NYMEX Globex Metals, Softs, & Alternative Market Options
      360 - COMEX Globex Futures
      361 - COMEX Globex Options
      380 - NYMEX Globex Emissions Futures
      381 - NYMEX Globex Emissions Options
      440 - DME Globex Futures
      441 - DME Globex Options
      October 2, 2016 Available
      382 - NYMEX Globex Crude & Crude Refined Futures
      383 - NYMEX Globex Crude & Crude Refined Options
      386 - NYMEX Globex Nat Gas & other Non-Crude Energy Futures
      387 - NYMEX Globex Nat Gas & other Non-Crude Energy Options
      410 - CME Europe Globex Futures
      411 - CME Europe Globex Options
      October 23, 2016 Available
      340 - CBOT Globex Commodity Futures
      346 - CBOT Globex Commodity Futures II
      341 - CBOT Globex Commodity Options
      460 - MGEX Globex Futures
      461 - MGEX Globex Options
      January 8, 2017 June 20, 2016
      342 - CBOT Globex Equity Index Futures
      343 - CBOT Globex Equity Index Options
      344 - CBOT Globex Interest Rate Futures
      345 - CBOT Globex Interest Rate Options
      January 22, 2017 June 27, 2016
      430 - BMD Globex Futures
      431 - BMD Globex Options
      450 - KRX Globex Futures
      Administrative Messages for TCP Replay
      January 22, 2017 June 27, 2016

      To support the new schema rollout the CME FTP site will be updated as follows:

      New Release: ftp://ftp.cmegroup.com/SBEFix/NRCert/Templates/
      Schema Version Current State June 5, 2016
      V6 Templates_FixBinary.xml Templates_FixBinary_v6.xml
      V7 Templates_FixBinary_v7.xml Templates_FixBinary.xml
      Production: ftp://ftp.cmegroup.com/SBEFix/Production/Templates/
      Schema Version August 28, 2016 September 24, 2016
      V6 Templates_FixBinary.xml Templates_FixBinary_v6.xml
      V7 Templates_FixBinary_v7.xml Templates_FixBinary.xml

      Please note as of September 24, 2016, Template Archive will contain Templates_FixBinary_v6.xml.

      Back to Top

       

      Changes to BM&F BOVESPA (BVMF) Order Routing Offering

      Effective end of day Friday, October 28, order routing and market data for BM&F BOVESPA (BVMF) products will no longer be available via the CME Globex platform. Existing order routing customers to BVMF markets should contact their Brazilian broker. Customers wishing to pursue market access to BVMF markets may also contact BVMF at +55 11 2565-5000 (dial ‘0’ for English, then ‘2’ for Trading).

      Customers wishing to pursue market access to CME Group markets should contact Global Account Management in the U.S. at +312 634 8700, in Europe at +44 203 379 3754, or in Asia at +65 6593 5505.

      Back to Top

       

      New Functionality

      New - Metals Marker Prices

      Effective Sunday, July 24 (trade date Monday, July 25), new Marker prices for the following future spreads will be published via Market Data Platform 3.0.

      Metals Marker Prices
      Product iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Gold/Silver Ratio Marker GV
      Gold/Platinum Spread Marker GP
      Platinum/Palladium Spread Marker PU

      Marker Price data blocks are sent in the MDP 3.0 Market Data Incremental Refresh (tag 35-MsgType=X) with the following attributes:

      • Tag 279- MDUpdateAction will be set to 0 = New;
      • Tag 269-MDEntryType will be set to W = Fixing Price;
      • Tag 48-SecurityID of the instrument for which the marker price is calculated; and
      • Tag 5796-Trading Reference will display the date for which the marker price was calculated.

      The new marker prices will be available in New Release for customer testing on Monday, July 11.

      The Gold/Silver Ratio and Gold/Platinum Spread markers are subject to the rules and regulations of COMEX.

      The Platinum/Palladium Spread marker is subject to the rules and regulations of NYMEX.

      Back to Top

       

      New - User-Defined Spreads Enhancement

      Effective Sunday, August 21 (trade date Monday, August 22), to better identify options User-Defined Spreads, intercommodity spreads will be defined as Generics (tag 762-SecuritySubType=GN). Conditional Curve spreads (762=CC) will continue to allow intercommodity legs.

      To prepare for this change, all Exchange-Recognized UDS with intercommodity legs will be eliminated at end of day Friday, August 19. Please cancel any GTC or GTD orders on these spreads prior to the elimination.

      This change will be available in New Release for customer testing Monday, July 11.

       

      Back to Top

       

      Product Launches

      CME Europe DAP Fertilizer Futures

      Effective Sunday, July 10 (trade date Monday, July 11), the following CME Europe Fertilizer futures will be listed for trading on CME Globex.

      CME Europe DAP Fertilizer Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      DAP FOB NOLA Future FLE FE
      DAP FOB Tampa Future FTA FE

      These futures are currently available in New Release for customer testing.

      Please view the New Product Summary.

      These contracts are listed with, and subject to, the rules and regulations of CME Europe.

      Back to Top

       

      Standard-Sized Chilean Peso/US Dollar Futures

      Effective Sunday, July 10 (trade date Monday, July 11), pending regulatory review, Chilean Peso/US Dollar (CLP/USD) futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

      Standard-Sized Chilean Peso/US Dollar Futures
      Product MDP 3.0 tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Chilean Peso/US Dollar (CLP/USD) Futures CHP CH

      These products are currently available for customer testing in New Release.

      Please view the New Product Summary.

      These contracts are listed with, and subject to, the rules and regulations of CME.

      Back to Top

       

      New - Crude Palm Oil Product Suite

      Effective Sunday, July 10 (trade date Monday, July 11), pending regulatory review, the following crude palm oil futures and option will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

      Crude Palm Oil Product Suite
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group (UDS)
      USD Malaysian Crude Palm Oil Calendar Futures CPO UC N/A
      USD Malaysian Palm Olein Calendar Futures OPF UC N/A
      Bursa Malaysia Crude Palm Oil – Gasoil Spread Futures POG UC N/A
      USD Malaysian Crude Palm Oil Average Price Option POO U4 U5

      These changes are currently available for customer testing in New Release.

      Please view the New Product Summary.

      These contracts are listed with, and subject to, the rules and regulations of CME.

      Back to Top

       

      New - Net Energy Crude Oil Futures

      Effective Sunday, July 10 (trade date Monday, July  11), the following Crude Oil Index futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

      Net Energy Crude Oil Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Guernsey Light Sweet Crude Oil Index (Net Energy) Futures GSW BB
      Clearbrook Bakken Sweet Crude Oil Index (Net Energy) Futures  CSW BB
      Canadian C5+ Condensate Index (Net Energy) Futures  CC5 BB

      These futures are currently available for customer testing in New Release.

      Please view New Product Summary.

      These products are listed with, and subject to, the rules and regulations of NYMEX.

      Back to Top

       

      New - Unbalanced Strip Spreads for Henry Hub Natural Gas Last Day Financial Futures

      Effective Sunday, July 17 (trade date Monday, July 18), the following Unbalanced Strip Spreads for Henry Hub Natural Gas Last Day Financial futures will be listed for trading on CME Globex.

      Unbalanced Strip Spreads for Henry Hub Natural Gas Last Day Financial Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      tag 762-SecuritySubType
      Henry Hub Natural Gas Last Day Financial futures NN NG WS (Unbalanced Strip spread)

      These products will be available in New Release for customer testing on Monday, July 11.

      These contracts are listed with, and subject to, the rules and regulations of NYMEX.

      Back to Top

       

      New - Crude Oil Futures

      Effective Sunday, July 17 (trade date Monday, July 18), the following crude oil futures will be listed for trading on CME Globex and for submission to clearing via CME ClearPort.

      Crude Oil Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Urals Mediterranean (S&P Global Platts) vs. Dated Brent (S&P Global Platts) CFD Futures UMD CC
      Urals North (S&P Global Platts) vs. Dated Brent (S&P Global Platts) CFD Futures UNS CC
      CPC Blend CIF Mediterranean (S&P Global Platts) vs. Dated Brent (S&P Global Platts) Futures CPD CC

      These changes are currently available for customer testing in New Release.

      Please view the New Product Summary.

      These contracts are listed with, and subject to, the rules and regulations of NYMEX.

      Back to Top

       

      Update - Bursa Malaysia Derivative Berhad (BMD) Tin Futures

      Denotes update to the article

      Pending regulatory approvals, Bursa Malaysia Derivatives (BMD) is scheduled to list Tin futures for trading on CME Globex, in late Q3 2016.

      Bursa Malaysia Derivative Berhad (BMD) Tin Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Trading Hours
      Tin Futures FTIN BN First Trading Session
      9:00 a.m. - 12:00 p.m. Malaysian Standard Time (MST)
      8:00 p.m. - 11:00 p.m. Central Time (CT)
      Second Trading Session
      1:30 p.m. -  3:00 p.m. (MST)
      12:30 a.m. - 2:00 a.m. (CT)

      These futures are currently available in New Release for customer testing.

      Back to Top

       

      Update - Bursa Malaysia Derivative Berhad (BMD) 10-year Malaysian Government Securities Futures

      Denotes update to the article

      Pending regulatory approvals, Bursa Malaysia Derivatives (BMD) is scheduled to list the 10-year Malaysian Government Securities futures for trading on CME Globex, in late Q3 2016.

      Bursa Malaysia Derivative Berhad (BMD) 10-year Malaysian Government Securities Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Trading Hours
      10-year Malaysian Government Securities Futures FMGA B1 First trading session:
      9:00 a.m. - 12:30 p.m. Malaysian Standard Time (MST)
      7:00 p.m. - 10:30 p.m. Central Time (CT)
      Second trading session:
      2:30 p.m. - 6:00 p.m. (MST)
      12:30 a.m. - 4:00 a.m. (CT)

      These futures are currently available in New Release for customer testing.

      Back to Top

       

      Product Changes

      Additional Fixing Price for E-mini S&P 500 Futures

      Effective Sunday, July 10 (trade date Monday, July 11), CME Group will begin disseminating an additional fixing price for the E-mini S&P 500 futures.

      The additional E-mini S&P 500 futures fixing price will be published Monday through Friday, at 16:30:00 London Time. Fixing Price is a volume-weighted average price the mid-point of the bid/ask quotes of the E-mini S&P 500 futures contract from CME Globex as well as actual trade prices for a 30 second time span from 16:29:30 to 16:30:00 London Time.

      Additional Fixing Price for E-mini S&P 500 Futures
      Product MDP 3.0: tag 6937-Asset MDP 3.0 tag 1151 - Security Group ITC Commodity Code
      E-mini S&P 500 Futures ES ES EEF

      Fixing Price data blocks are sent in the MDP 3.0 Market Data Incremental Refresh (tag 35-MsgType=X) with the following attributes:

      • Tag 279- MDUpdateAction will be set to 0 = New
      • Tag 269-MDEntryType will be set to W = Fixing Price
      • Tag 5796-Trading Reference will display the date for which the marker price was calculated

      The additional fixing price is currently available in New Release for customer testing.
      These contracts are listed with, and subject to, the rules and regulations of CME.

      Back to Top

       

      Intercommodity Treasury Options User-Defined Spreads Enhancement

      Effective Sunday, July 10 (trade date Monday, July 11), CME Globex will support the creation of Intercommodity User-Defined Spreads of CBOT Treasury options with different outright minimum ticks.

      With this change, treasury options UDS will have the following features:

      • A single UDS destination group, Security Group tag 1151= T$.
      • The new intercommodity spreads will be designated in market data as a Generic (GN) spread type.
      • When a future goes into Reserve state, only the associated Treasury option outrights will pause. CBOT Treasury UDS will continue to trade.
      • The spread will assume the price characteristics of the most granular leg as follows:

      Example:

      Intercommodity Treasury Options User-Defined Spreads
        Instrument Tag 37702-MainFraction Tag 37703-SubFraction Tag 969-MinPriceIncrement Converted Minimum Tick Tag 9800- PriceDisplayFormat
      Instrument 1 OZFU6 C1210 64 2 0.0078125 .5/64 3
      Instrument 2 OZNU6 C1300 64 null 0.015625 1/64 2
      Spread
      UD:T$:GN 0505123456
      Front leg +1
      Back leg -1
      OZFU6 C1210
      OZNU6 C1300
      64 2 0.0078125 .5/64 3

      Please Note: the 2-Year Treasury option outrights and UDS on CME Globex will remain unchanged

      Customers can create the new CBOT Treasury options intercommodity UDS in New Release.

      To facilitate this launch, customers are asked to cancel all Good ‘Till Cancel (GTC) orders for all Treasury options UDS not in the T$ group after the close on Friday, July 8. After 16:00 CT on Friday, July 8, all remaining GT orders and UDS contracts for these options will be cancelled or deleted by the CME Global Command Center (GCC).

      These contracts are listed with, and subject to, the rules and regulations of CBOT.

      Back to Top

       

      Changes to the Price Format for FX Futures and Calendar Spreads

      Effective Sunday, July 10 (trade date Monday, July 11), the minimum price increment tag 969-MinPriceIncrement and the display factor tag 9787- DisplayFactor will be modified commencing with the September 2016 maturity for the following FX products.

      Changes to the Price Format for FX Futures and Calendar Spreads
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Tag 969-MinPriceIncrement
      (Current)
      Tag 969-MinPriceIncrement
      (New)
      Tag 9787- DisplayFactor (Current) Tag 9787- DisplayFactor (New)
      E-mini Japanese Yen Futures (Outrights) J7 6J 1.0000000 10.0000000 0.0000010 0.0000001
      E-mini Japanese Yen Futures (Calendar Spreads) J7 6J 0.5000000 5.0000000 0.0000010 0.0000001
      E-mini Euro FX Futures (Outrights) E7 6E 1.0000000 10.0000000 0.0001000  0.0000100
      E-mini Euro FX Futures (Calendar Spreads) E7 6E 0.5000000 5.0000000 0.0001000  0.0000100

      Please note: These modifications will not result in any change in the financial value of the minimum tick increment.

      The E-micro FX products will not be impacted by this change.

      To facilitate these changes, customers are asked to cancel all Good ‘Till Cancel (GTC) orders for the above FX products after the close on Friday, July 8. After 16:00 CT on Friday, July 8, all remaining GT orders for these futures will be cancelled or deleted by the CME Global Command Center (GCC).

      These changes are currently available for customer testing in New Release.

      These contracts are listed with, and subject to, the rules and regulations of CME.

      Back to Top

      Change to Minimum Price Increment for Canadian Dollar/U.S. Dollar (CAD/USD) Futures

      Effective Sunday, July 10 (trade date Monday, July 11), the minimum price increment tag 969-MinPriceIncrement for the Canadian Dollar/U.S. Dollar (CAD/USD) futures will be changed from 0.0001 to 0.00005 U.S. dollars per Canadian dollar commencing with the September 2016 maturity.

      Change to Minimum Price Increment for Canadian Dollar/U.S. Dollar (CAD/USD) Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Tag 969-MinPriceIncrement
      (Current)
      Tag 969-MinPriceIncrement
      (New)
      Canadian Dollar/U.S. Dollar Futures 6C 6C 1 0.5

      Please note: The minimum price increment for spreads and combinations will remain unchanged.

      This change is currently available in New Release for customer testing.

      These contracts are listed with, and subject to, the rules and regulations of CME.

      Back to Top

       

      Delist Natural Gas and Refined Futures

      Effective Sunday, July 10 (trade date Monday, July 11), the below Natural Gas and Refined Futures products will be delisted from trading on CME Globex and from submission for clearing via CME ClearPort.

      Delist Natural Gas and Refined Futures
      Product MDP 3.0 tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Florida Gas Zone 2 Natural Gas (Platts IFERC) Fixed Price Futures XGC FD
      Florida Gas, Zone 2 Natural Gas (Platts Gas Daily) Swing Futures X5 FD
      Florida Gas, Zone 2 Natural Gas (Platts Gas Daily/Platts IFERC) Index Futures NCN FD
      Florida Gas, Zone 2 Natural Gas (Platts IFERC) Basis Futures 8AN FD
      Southern Star, Tx.-Okla.-Kan. Natural Gas (Platts Gas Daily) Swing Futures M4 FD
      Southern Star, Tx.-Okla.-Kan. Natural Gas (Platts Gas Daily/Platts IFERC) Index Futures C9 FD
      NY 0.3% Fuel Oil (Platts) Futures VQ CP
      NY 2.2% Fuel Oil (Platts) BALMO Futures NYE CP

      These products currently have no open interest.

      Back to Top

       

      New - Chicago Ethanol (Platts) Average Price Option Strike Price Interval

      Effective Sunday, July 10 (trade date Monday, July 11), the strike price interval for Chicago Ethanol (Platts) Average Price Options will be modified to list  strike prices ATM ± 5 in $0.05 intervals. Currently, the strike listing rule is ATM ± 5 in $0.001 intervals.

      Any strike prices more granular than $0.05 without open interest will expire after the close of trading on Friday, July 8.

      Chicago Ethanol (Platts) Average Price Options are available for trading on CME Globex and for submission to clearing via CME ClearPort.

      Chicago Ethanol (Platts) Average Price Option Strike Price Interval
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Chicago Ethanol (Platts) Average Price Option CVR OF

      These changes are currently available for customer testing in New Release.

      This product is listed with, and subject to, the rules and regulations of NYMEX.

      Back to Top

       

      Update - FIX Tag 200 Change for MexDer Daily Dollar Contracts

      Denotes update to the article

      Effective Sunday, July 17 (trade date Monday, July 18), for the MexDer Mexican Peso/US Dollar Daily Futures, the Security Definition message will identify the daily maturity in FIX tag 200-MaturityMonthYear. With this change, values in tag 200 will be formatted YYYYMMDD.

      Mexican Peso/US Dollar Daily Futures
      Product iLink: tag 1151-Security Group
      MDP 3.0: tag 6937-Asset
      iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Mexican Peso/US Dollar Daily Futures M:DAXX M:FD

      Monthly M:DAXX contracts will continue to contain the format YYYYMM in FIX tag 200.

      This change is currently available in New Release for customer testing.

      Back to Top

       

      Listing Cycle Expansion for Crude Oil Financial Calendar Spread Option - 1 Month

      Effective Sunday, July 24 (trade date Monday, July 25), the listing cycle for Crude Oil Financial Calendar Spread Option – 1 Month, will be expanded on CME Globex, and clearing submission via CME ClearPort.

      Expand Contract Listing for Crude Oil Financial Calendar Spread Option - 1 Month
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Current Listing Cycle New Listing Cycle
      Crude Oil Financial Calendar Spread Option - 1 Month B7A LO 12 consecutive maturities 24 consecutive maturities

      This change will be available for customer testing in New Release on Monday, July 11.

      This product is listed with, and subject to, the rules and regulations of NYMEX.

      Back to Top

       

      Update - Changes to Bursa Malaysia Derivative Berhad (BMD) 3-year Malaysian Government Securities Futures

      Denotes update to the article

      Pending regulatory approvals, Bursa Malaysia Derivatives (BMD) is scheduled to modify the trading hours for the 3-year Malaysian Government Securities futures, in late Q3 2016, as follows.

      Changes to Bursa Malaysia Derivative Berhad (BMD) 3-year Malaysian Government Securities Futures
      Product
      MDP 3.0: tag 6937-Asset
      iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Current Trading Hours New Trading Hours
      3-year Malaysian Government Securities futures FMG3 BI First trading session:
      9:00 a.m. - 12:30 p.m. Malaysian Standard Time (MST)
      7:00 p.m. - 10:30 p.m. Central Time (CT)
      Second trading session:
      2:30 p.m. - 5:00 p.m. (MST)
      12:30 a.m. - 3:00 a.m. (CT)
      First trading session:
      9:00 a.m. - 12:30 p.m. Malaysian Standard Time (MST)
      7:00 p.m. - 10:30 p.m. Central Time (CT)
      Second trading session:
      2:30 p.m. - 6:00 p.m. (MST)
      12:30 a.m. - 4:00 a.m. (CT)

      With this change, the FMG3 expiration time on final trading day for the expiring month contract will be changed from 11:00 a.m. to 6:00 p.m. (MST).

      These futures are currently available in New Release for customer testing.

      Back to Top

       

      Events and Announcements

      New - Messaging Efficiency Program Q3 2016 Benchmarks

      The Q3 2016 CME Globex Messaging Efficiency Program Product Group Benchmarks are now available online . The Product Group Benchmark Ratios are published quarterly, unless business circumstances for a particular product or product group require changes to be implemented more frequently.

      As a result of the expected reduction of the Canadian Dollar/US Dollar (“CAD/USD”) futures contract effective Sunday, July 10, 2016 (trade date Monday, July 11), the Benchmarks for Product Group 6C (Canadian Dollar Futures & Spreads) will be increased to the following beginning trade date Tuesday, July 5:

      • Tier 1 (>60,000 messages): 40:1
      • Tier 2 (>40,000 messages): 80:1
      • Tier 3 (>20,000 messages): 160:1

      Unless otherwise stated by CME Group in future communications, effective trade date Monday, October 3, 2016, the Product Group Benchmarks for Product Group 6C (Canadian Dollar Futures & Spreads) will revert back to the following levels:

      • Tier 1 (>60,000 messages): 20:1
      • Tier 2 (>40,000 messages): 40:1
      • Tier 3 (>20,000 messages): 80:1

      Additionally, effective trade date Tuesday, July 5, 2016, the following product groups and levels will be added to the Messaging Efficiency Program; however, surcharges will not take effect until trade date September 1, 2016.

      Sector Product Group Code Product Group Description Tier #3 Ratio Tier #2 Ratio Tier #1 Ratio
      Energy OP Brent Crude Oil Last Day Financial Futures 180:1 120:1 60:1
      Equity EZ E-Mini S&P 500 Outright Options 300:1 200:1 100:1
      Equity EW E-Mini S&P 500 Weekly & Monthly Options 300:1 200:1 100:1
      Equity QZ E-Mini NASDAQ 100 Outright Options 300:1 200:1 100:1
      Equity NW E-Mini NASDAQ 100 Weekly & Monthly Options 300:1 200:1 100:1
      Equity C9 E-Mini Dow ($5) Outright Options 300:1 200:1 100:1
      Equity OL E-Mini Dow ($5) Weekly & Monthly Options 300:1 200:1 100:1

      CME Globex firms who exceed the benchmark ratios in the new product groups and are currently signed-up to receive Messaging Efficiency Program email notifications will be informed of any theoretical surcharges via a sample email notification.

      The CME Globex Messaging Efficiency Program creates fair business guidelines by which customers are billed a surcharge for overly high message rates.

      Please contact your Global Account Manager in the U.S. at 312 634 8700, in Europe at 44 203 379 3754, or in Asia at 65 6593 5505 with any questions.

      Back to Top

       

      New - CME Group Security Ecosystem

      CME Group is committed to our customers’ information security. To deliver the best security and customer experience, as announced in the recent CME Group Customer Forums, all certified third-party customer-facing applications that support human-to-machine authentication to CME Group systems will be required to support strong passwords, encryption of confidential and sensitive data, and two-factor authentication by the end of 2016.

      Please contact your Global Account Manager or third-party provider with any questions.

      Back to Top

       

      Market by Order: Coming Soon

      To increase transparency and provide more choice to customers, CME Group will soon be enabling Market by Order (MBO) functionality in line with the current Market by Price (MBP) service for CME Globex electronic markets.

      Key Features:

      • Ability to view individual queue position and size of individual orders at a price while remaining anonymous
      • Existing channels enhanced to provide both Price and Order data on a single feed
      • Historical MBO data available following the real-time launch
      • DCM and asset class roll out model
      • Supported by CME Direct

      The new MBO functionality will be phased over several months, starting Q4 2016 through Q2 2017.

      More information is available in the CME Group Customer Forum. Technical specifications and the launch schedule will be published in the CME Globex Notice in Q3.

      Please contact your Global Account Manager with any questions in the U.S. at +1 312 634 8700, in Europe at +44 203 379 3754 or in Asia at +65 6593 5505.

      Back to Top