• CME Globex Notices: August 1, 2016

      • To
      • CME Globex and Market Data Customers
      • From
      • GMSS
      • #
      • 20160801
      • Notice Date
      • 01 August 2016
      • Effective Date
      • 04 August 2016
    • Topics in this issue include:

       

      Critical System Updates

      Update - CME Globex Performance Enhancements

      Denotes update to the article

      Starting Sunday, July 10, CME Group began implementing 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
      52 CME FX options August 7
      76 NYMEX and COMEX Metals and Alternative Markets futures
      78 NYMEX Non-Crude Energy futures
      80 NYMEX Crude Energy futures and DME futures
      60 CBOT Commodity and Equity options August 21
      82 CME Interest Rate futures
      86 CME Europe futures and options
      74 Hosted Partner Exchanges markets and NYMEX Emissions futures

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      CME FX Displayed Quantity Decommission

      Effective close of business Friday, August 19, the Displayed Quantity order qualifier will be decommissioned for FX futures and options markets to support the upcoming Volatility-Quoted Options initiatives on CME Globex. Only CME FX products are affected by this change. Customers will no longer be able to define the Displayed Quantity in tag 210-MaxShow of the FX New Order or Cancel/Replace Request (tag 35-MsgType=G) messages.

      Messages with tag 210 will be rejected with the Execution Reject message (tag 35-MSGType=8, tag 39-OrdStatus=8), tag 58-Text=Invalid order qualifier 'Order's group: <Symbol> is ineligible for Display Quantity Order.'

      To facilitate this change, customers are asked to cancel all FX Good ‘Till Cancel (GTC) and Good ‘Till Date (GTD) orders utilizing the Displayed Quantity after the close on Friday, August 19. After 16:00 CT on Friday, August 19, all remaining GT orders for these FX futures and options will be cancelled or deleted by the CME Global Command Center (GCC).

      The FX Displayed Quantity order decommission is currently available in New Release for customer testing.

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      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.

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      Streamlined SBE Market Data Protocol

      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 Available Available Equity Indices Streamlined Conversion to SBE
      Eris September 11 August 8 Eris Exchange Streamlined Conversion to SBE
      OTC-EOD September 25 August 22 OTC-EOD Streamlined Conversion to SBE
      Equity Indices - Bloomberg November 6 Available Equity Indices Streamlined Conversion to SBE

      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.

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      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 Available
      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 Available
      430 - BMD Globex Futures
      431 - BMD Globex Options
      450 - KRX Globex Futures
      Administrative Messages for TCP Replay
      January 22, 2017 Available

      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 July 17, 2016
      V6 templates_FixBinary_v6.xml templates_FixBinary_v6.xml
      V7 templates_FixBinary.xml  
      V8 templates_FixBinary_v8.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
      V8 templates_FixBinary_v8.xml templates_FixBinary.xml

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

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      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.

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      Market By Order Market Data

      Beginning in Q4 2016, to increase market transparency and customer choice, CME Group will offer Market by Order (MBO) information in-line with the current Market by Price (MBP) for CME Globex markets.

      Market Data Platform with MBO will feature:

      • Ability to view individual queue position and size of individual orders at a price while remaining anonymous
      • Existing channels enhanced to provide both MBO and MBP data on a single feed
      • CME Direct support
      • Exchange and asset class roll out model

      The client impact assessment provides functionality and messaging information.

      A new MBO certification suite will be available in AutoCert+. Customer systems who choose to process MBO via CME Globex must complete this certification.

      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.

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      New Functionality

      NYMEX and DME Futures Implied Changes

      Effective this Sunday, August 7 (trade date Monday, August 8), the second-generation implied functionality will be removed from all NYMEX and DME futures on Market Segments 78 and 80, including all intra- and inter-commodity and inter-exchange spreads. First generation implied functionality will still be supported.

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

      Information on second-generation implied functionality is detailed in the Client Systems Wiki.

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      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 is available in New Release for customer testing.

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      Natural Gas Reduced Tick Inter-Commodity Spread

      Effective Sunday, September 11 (trade date Monday, September 12), CME Group is launching a Natural Gas Reduced Tick Inter-Commodity Option Spread (tag 762=EO) with a tenth-tick (1/10) between Natural Gas American-style option (ON) and Natural Gas European-style option (LNE) energy contracts.

      To facilitate this change, all Generic (GN) 1:1 ON/LNE spreads and the associated orders will be removed. Customers are asked to cancel all Good 'Till Cancel (GTC) orders for the impacted spreads after their close Friday September 9, 2016. After 16:00 CT Friday, September 9, all remaining GTC orders for these spreads will be cancelled by the CME Global Command Center (GCC).

      The client impact assessment is now available, which outlines changes introduced in this release.

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

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      Metals Marker Prices

      Effective Sunday, September 11 (trade date Monday,September 12), new Marker prices for the following future spreads will be published via Market Data Platform 3.0.

      Metals Marker Prices
      Product 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, August 29.

      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.

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      Volatility-Quoted Options

      Effective Sunday, October 23, 2016 (trade date Monday, October 24), volatility-quoted options are scheduled to launch on six FX options products: Euro FX, British pound, Japanese Yen, Canadian Dollar, Swiss Franc and Australian Dollar in both American-style and new European-style options expiring at 2 p.m. Central Time (CT).

      Volatility-quoted options is a functionality that allows CME Globex clients to trade an option contract with an 'auto-hedge' into the corresponding quarterly month of the underlying futures contract. When a volatility trade occurs, CME will use a standardized option pricing model to create a delta neutral combination of premium options and futures, and exchange these between the buyer and seller.

      All of the volatility-quoted options products will be available in the New Release environment for customer testing on Monday, August 8, 2016.

      To ensure customers can access, trade and process the market data for the new volatility-quoted FX options, CME Group will hold a mock trading session on Saturday, October 22. All customers and trading system providers who plan to support these products are strongly encouraged to participate. Additional information on the mock trading session will be available in future CME Globex notices.

      More information on these new products and the associated messaging and functionality enhancements is available in the Volatility-Quoted Options Client Impact Assessment.

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      Product Launches

      Argus European Naphtha Futures

      Effective this Sunday, August 7 (trade date Monday, August 8), the following Argus European Naphtha Futures will be listed for trading on CME Globex and for submission to clearing via CME ClearPort.

      Argus European Naphtha Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Mini Naphtha (Free Spec) Cargoes CIF NWE (Argus) Futures NCF RF
      Mini Naphtha (Free Spec) Barges CIF ARA (Argus) Futures NBF RF
      Mini Naphtha (Free Spec) Cargoes CIF NWE (Argus) Crack Spread (100mt) Futures NCC RF

      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.

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      Premium-Quoted European-Style Options on FX Futures

      Effective this Sunday, August 7 (trade date Monday, August 8), premium-quoted European-style options on the six Major FX futures will be listed for trading on the CME trading floor and on CME Globex and for submission for clearing via CME ClearPort.

      These new European-style FX options will replace the existing American-style FX options once the existing listed contract months expire and roll-off over time.

      The last listed American-style options for these FX options as of August 8, 2016, will be as follows:

      • November 2016 – Serial month
      • June 2017 – Quarterly month
      • September 2016 Week1 – Weekly contract

      The new European-style listings on Day 1 (Monday, August 8, 2016) will begin with the January 2017 monthly expiry. Subsequent new expiry listings going forward will be listed as a European-style only, not as American-style.

      Premium-Quoted European-Style Options on FX Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      AUD/USD Premium-Quoted European-Style Option – 2 pm Fix ADU XA
      AUD/USD Weekly Premium-Quoted European-Style Option – 2 pm Fix 1AD – 5AD XA
      GBP/USD Premium-Quoted European-Style Option – 2 pm Fix GBU YB
      GBP/USD Weekly Premium-Quoted European-Style Option – 2 pm Fix 1BP-5BP YB
      CAD/USD Premium-Quoted European-Style Option – 2 pm Fix CAU CD
      CAD/USD Weekly Premium-Quoted European-Style Option – 2 pm Fix 1CD-5CD CD
      CHF/USD Premium-Quoted European-Style Option – 2 pm Fix CHU YS
      CHF/USD Weekly Premium-Quoted European-Style Option – 2 pm Fix 1SF-5SF YS
      EUR/USD Premium-Quoted European-Style Option – 2 pm Fix EUU XE
      EUR/USD Weekly Premium-Quoted European-Style Option – 2 pm Fix 1EU-5EU XE
      JPY/USD Premium-Quoted European-Style Option – 2 pm  Fix JPU QJ
      JPY/USD Weekly Premium-Quoted European-Style Option – 2 pm Fix 1JY-5JY QJ

      These new options are currently available in New Release for customer testing.

      Please view the New Product Summary and listing schedule.

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

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      Weekly FX Options

      Effective this Sunday, August 7 (trade date Monday, August 8), the following weekly FX options will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

      Weekly FX Options
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Brazilian Real/US Dollar (BRL/USD) Weekly Options 1R-5R OR; USD: OL
      Mexican Peso (MXN/USD) Weekly Options 1M-5M MO; UDS: 0M
      New Zealand Dollar (NZD/USD) Weekly Options 1Z-5Z 2N; UDS: 3N
      Euro/British Pound (EUR/GBP) Weekly Options 1E-5E 8E; UDS: 8F
      Euro/Japanese Yen (EUR/JPY) Weekly Options 1H-5H 8H; UDS: 8J
      Euro/Swiss Franc (EUR/CHF) Weekly Options 1I-5I 8C; UDS: 8D

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

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

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      New - PJM Daily Power Futures

      Effective Sunday, August 21 (trade date Monday, August 22), the following daily power futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

      PJM Daily Power Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      PJM AECO Zone Off-Peak Calendar-Day 5 MW Day-Ahead LMP Futures PFO PW
      PJM APS Zone Off-Peak Calendar-Day 5 MW Day-Ahead LMP Futures PZO PW
      PJM ATSI Zone Off-Peak Calendar-Day 5 MW Day-Ahead  LMP Futures PHO PW
      PJM BGE Zone Off-Peak Calendar-Day 5 MW Day-Ahead LMP Futures PBO PW
      PJM ComEd Zone  Off-Peak Calendar-Day 5 MW Day-Ahead LMP Futures PCO PW
      PJM DPL Zone Off-Peak Calendar-Day 5 MW Day-Ahead LMP Futures PUO PW
      PJM Duquesne Zone Off-Peak Calendar-Day 5 MW Day-Ahead LMP Futures PQO PW
      PJM Eastern Hub Off-Peak Calendar-Day 5 MW Day-Ahead LMP Futures PYO PW
      PJM JCPL Zone Off-Peak Calendar-Day 5 MW Day-Ahead LMP Futures PTO PW
      PJM METED Zone Off-Peak Calendar-Day 5 MW Day-Ahead LMP Futures PMO PW
      PJM PECO Zone Off-Peak Calendar-Day 5 MW Day-Ahead LMP Futures PVO PW
      PJM PENELEC Zone Off-Peak Calendar-Day 5 MW Day-Ahead LMP Futures POC PW
      PJM PEPCO Zone Off-Peak Calendar-Day 5 MW Day-Ahead LMP Futures PXO PW
      PJM PPL Zone Off-Peak Calendar-Day  5 MW Day-Ahead LMP Futures PLO PW
      PJM PSEG Zone Off-Peak Calendar-Day 5 MW Day-Ahead LMP Futures PSO PW
      PJM ATSI Zone Off-Peak Calendar-Day 5 MW Real-Time LMP Futures PRO PW
      PJM AECO Zone Peak Calendar-Day 5 MW Day-Ahead LMP Futures PPC PW
      PJM APS Zone Peak Calendar-Day 5 MW Day-Ahead LMP Futures PZP PW
      PJM ATSI Zone  Peak Calendar-Day 5 MW Day-Ahead  LMP Futures PHP PW
      PJM BGE Zone Peak Calendar-Day 5 MW Day-Ahead LMP Futures PBP PW
      PJM ComEd Zone  Peak Calendar-Day 5 MW Day-Ahead LMP Futures PCP PW
      PJM DPL Zone Peak Calendar-Day 5 MW Day-Ahead LMP Futures PUP PW
      PJM Duquesne Zone  Peak Calendar-Day 5 MW Day-Ahead LMP Futures PQP PW
      PJM Eastern Hub Peak Calendar-Day  5 MW Day-Ahead LMP Futures PYP PW
      PJM JCPL Zone Peak Calendar-Day  5 MW Day-Ahead LMP Futures PPL PW
      PJM METED Zone Peak Calendar-Day  5 MW Day-Ahead LMP Futures PMP PW
      PJM PECO Zone  Peak Calendar-Day  5 MW Day-Ahead LMP Futures PVP PW
      PJM PENELEC Zone Peak Calendar-Day  5 MW Day-Ahead LMP Futures PKP PW
      PJM PEPCO Zone Peak Calendar-Day  5 MW Day-Ahead LMP 5 MW Futures PXP PW
      PJM PPL Zone Peak Calendar-Day  5 MW Day-Ahead LMP Futures PLP PW
      PJM PSEG Zone Peak Calendar-Day  5 MW Day-Ahead LMP Futures PSP PW
      PJM ATSI Zone Peak Calendar-Day 5 MW Real-Time LMP Futures PRP PW

      These futures will be available for customer testing in New Release on Monday, August 8.

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

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      Crude Oil Futures

      Effective Sunday, August 28 (trade date Monday, August 29), 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.

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      BTIC on S&P 500 Total Return Index Futures

      Effective Sunday, August 28 (trade date Monday, August 29), the following BTIC on S&P 500 Total Return futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

      BTIC on S&P 500 Total Return Index Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      BTIC on S&P 500 Total Return Futures TRB TB
      BTIC on S&P 500 Carry-Adjusted Total Return Futures CTB CB

      These changes will be available for customer testing in New Release on Monday, August 8.

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

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      EU Wheat Futures and Options

      Effective Sunday, September 11 (trade date Monday, September 12), EU Wheat futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

      EU Wheat options will be listed for trading on CME Globex, and the trading floor, and for submission for clearing via CME ClearPort.

      EU Wheat Futures and Options
      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)
      EU Wheat Futures WEU MU N/A
      EU Wheat Options WEO M3 M4

      These changes will be available for customer testing in New Release on Monday, August 8.

      Please view the New Product Summary.

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

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      Bursa Malaysia Derivative Berhad (BMD) Tin Futures

      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.

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

      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.

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      Product Changes

      Change to Price Format for Bursa Malaysia Crude Palm Oil – Gasoil Spread Futures

      Effective this Sunday, August 7 (trade date Monday, August 8), the price format for the Bursa Malaysia Crude Palm Oil – Gasoil spread futures will be changed as follows.

      Change to Price Format for Bursa Malaysia Crude Palm Oil – Gasoil Spread 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)
      Tag 9787-DisplayFactor
      (Current)
      Tag 9787-DisplayFactor
      (New)
      Bursa Malaysia Crude Palm Oil – Gasoil Spread Futures POG UC 25 250 0.01 0.001

      Please note:The financial value of the minimum tick will be 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.

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      Base Metal Futures Calendar and Strip Spreads

      Effective Sunday, August 21 (trade date Monday, August 22), additional calendar and strip spreads will be listed on CME Globex for the following Base Metal futures.

      Base Metal Futures Calendar and Strip Spreads
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Current Listing Rules New Listing Rules
      Aluminum MW U.S. Transaction Premium Platts (25MT) Futures AUP ST No strip spreads listing rules 1 balance of year strip, 12 quarterly strips
      Aluminium European Premium Duty-Unpaid (Metal Bulletin) Futures AEP ST 1 balance of year strip, 4 quarterly strips 1 balance of year strip, 12 quarterly strips
      Aluminium European Premium Duty-Paid (Metal Bulletin) Futures EDP ST 1 balance of year strip, 4 quarterly strips 1 balance of year strip, 12 quarterly strips
      Aluminum Japan Premium (Platts) Futures MJP ST No calendar or strip spreads listing rules 12 consecutive maturities
      1 balance of year strip, 12 quarterly strips
      Aluminum Futures ALI ST 24 consecutive maturities
      2 calendar year strips, 1 balance of year strip, 8 quarterly strips
      36 consecutive maturities
      5 calendar year strips, 1 balance of year strip, 20 quarterly strips

      These changes will be available in New Release for customer testing on Monday, August 8.

      These contracts are listed on, and subject to, the rules and regulations of COMEX.

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      New - Listing Cycle Expansion for Freight Route TD3 (Baltic) Futures

      Effective Sunday, August 21 (trade date Monday, August 22), the listing cycle for Freight Route TD3 (Baltic) futures will be expanded on CME Globex, and clearing submission via CME ClearPort.

      Listing Cycle Expansion for Freight Route TD3 (Baltic) Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Current Listing Cycle New Listing Cycle
      Freight Route TD3 (Baltic) Futures TL FT Current year plus 12 consecutive maturities Current year plus 24 consecutive maturities

      This change will be available for customer testing in New Release on Monday, August 8.

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

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      New - Listing Cycle Expansion for Base Metal Futures Outrights

      Effective Sunday, August 21 (trade date Monday, August 22), the listing cycle for the following Base Metal futures outrights will be expanded on CME Globex.

      Listing Cycle Expansion for Base Metal Futures Outrights
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Current Listing Schedule (as of August 21, 2016) New Listing Schedule (as of August 21, 2016)
      Aluminum MW U.S.Transaction Premium Platts (25MT) Futures AUP ST 36 consecutive maturities 60 consecutive maturities
      Aluminium European Premium Duty-Unpaid (Metal Bulletin) Futures AEP ST Through and including December 2017

      Through and including December 2018.

      Aluminium European Premium Duty-Paid (Metal Bulletin) Futures EDP ST Through and including December 2017 Through and including December 2018
      Aluminum Japan Premium (Platts) Futures MJP ST Through and including December 2017 Through and including December 2018

      Please note: Maturities for a new calendar year will be added following the termination of trading in the December maturity of the current year.

      These changes will be available in New Release for customer testing on Monday, August 8.

      These contracts are listed on, and subject to, the rules and regulations of COMEX.

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      Change to Maximum Order Quantity for Light Sweet Crude Oil Futures Outrights

      Effective Sunday, August 28 (trade date Monday, August 29), the maximum order quantity for the Light Sweet Crude Oil futures outrights will be changed as follows:

      Change to Maximum Order Quantity for Light Sweet Crude Oil Futures Outrights
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      tag 1140-MaxTradeVol (Current) tag 1140-MaxTradeVol (New)
      Light Sweet Crude Oil Futures CL CL 999 1,999

      This change will be available for customer testing in New Release on Monday, August 8.

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

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      Change to Maximum Order Quantity for Gold Futures Outrights

      Effective Sunday, August 28 (trade date Monday, August 29), the maximum order quantity for the Gold futures outrights will be changed as follows:

       

      Change to Maximum Order Quantity for Gold Futures Outrights
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      tag 1140-MaxTradeVol (Current) tag 1140-MaxTradeVol (New)
      Gold Futures GC GC 999 1,499

      This change will be available for customer testing in New Release on Monday, August 8.

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

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      Listing Cycle Expansion for Korea Exchange (KRX) USD/KRW FX Futures

      Effective Sunday, September 25 (trade date Monday, September 26), Korea Exchange (KRX) will expand the listing cycle for USD/KRW FX futures on CME Globex.

      Listing Cycle Expansion for Korea Exchange (KRX) USD/KRW FX Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Current Listing Cycle New Listing Cycle
      USD/KRW FX futures KUF KR 6 consecutive maturities and 2 quarterly maturities 12 consecutive maturities and 8 quarterly maturities

      This change will be available for customer testing in New Release on Monday, August 1.

      These futures are listed with, and subject to, the rules and regulations of Korea Exchange.

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

      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.

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      Events and Announcements

      Messaging Efficiency Program New Product Group Additions

      On Tuesday, July 5, 2016, the following product groups and levels were 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

      Additionally, KC HRW Wheat Futures and all non-equity option product groups where the corresponding futures product group is currently included in the Messaging Efficiency Program will be added to the Messaging Efficiency Program with surcharges, as of trade date Tuesday, November 1, 2016. For a full listing of the product groups and associated ratios which will be added to the Messaging Efficiency Program on this date, please view here.

      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.

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      CME Global Command Center Phone Menu Changes

      Effective Sunday, August 14, the CME Global Command Center’s (GCC) phone menu options will be modified to enhance our ability to expedite and resolve customer requests. Please take note of the changes to our menu options.

      Phone Menu Updates:

      • Press 1 for Market and Product Support
        • Press 1 to Invoke the Error Trade Policy
        • Press 2 for Order Status or Order Cancellation
        • Press 3 to Report a Block Trade
        • Press 4 for All Product Inquiries including Settlements
      • Press 2 for Technical Support
        • Press 1 for Frontend Support for CME Direct or ClearPort
        • Press 2 for Order Routing or Market Data Issues including Order Rejections
        • Press 3 for STP Post-Trade Feed Support
        • Press 4 for All Risk Management Tools Support including FirmSoft and GC2

      Please Note: Customers can press their menu selection at any time

      If you have any questions, please contact the CME Global Command Center in the U.S. at +1 800 438 8616, in Europe at +44 20 7623 4747 or in Asia at +65 6532 5010.

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      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.

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