• CME Globex Notices: September 5, 2016

      • To
      • CME Globex and Market Data Customers
      • From
      • Global Account Management
      • #
      • 20160905
      • Notice Date
      • 05 September 2016
    • Topics in this issue include:

       

      Critical System Updates

      Mass Quote Messaging Controls

      Effective this Sunday, September 11, (trade date Monday, September 12), the Mass Quote Messaging Controls threshold will be adjusted to better protect all market participants from the negative effects of excessive messaging. Exceeding the Reject threshold will trigger the automatic cancel of all resting quotes. There are no changes to the other thresholds.

      • Mass Quote (tag 35-MsgType=i)
      • Quote Cancel (tag 35-MsgType=Z)
      Mass Quote Messaging Controls
      Threshold Current
      Mass Quote and Quote Cancel Messages
      New
      Mass Quote and Quote Cancel Messages
      Interval
      Reject 500 - Reject 350 - Reject Three-second window
      Logout 750 - Logout 750 - Logout Three-second window

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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 Available Eris Exchange Streamlined Conversion to SBE
      OTC-EOD October 23 September 19 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.

      Beginning on Sunday, September 10 the New Release streamlined feeds will convert to new IP addresses. The new file, config_9_11.xml is now available for customer download from CME Group FTP site. The new file, config_9_11.xml, will be replace the existing New Release config.xml file at the end of trading on Friday, September 9.

      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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      User-Defined Instruments Enhancements

      Effective Sunday, October 2 (trade date Monday, October 3), the User-Defined Instrument (UDI) functionality on CME Globex will be enhanced to support the following:

      • Ability to create the first listed options strikes on an underlying future, following the Rulebook listing rules
      • Ability to create an options strike with a maturity greater than 9 years in the future
        • Strikes will be created using a 2byte maturity year in tag 55-Symbol in MDP 3.0 messages, and in tag 107-SecurityDesc in iLink and Drop Copy messaging
          • E.g., ONZ26 C3000

      UDI functionality allows users to dynamically create options strikes that co-exist with exchange-listed options strikes and allow the scope of tradeable instruments on CME Globex to expand without listing a larger group of options instruments.

      UDIs created real-time are disseminated with the Market Data Security Definition (tag 35-MsgType=d) message. Customers can submit quotes and orders against the UDI and also incorporate the UDI into User Defined Spreads.

      UDIs are:

      • Created on the CME Globex platform using CME Direct only.
      • Available for options on the following.
      User-Defined Instruments Enhancements
      Market Segment MDP 3.0 Channel Channel Label
      56 361 COMEX Globex Options
      56 383 NYMEX Globex Crude & Crude Refined Options
      56 385 NYMEX Globex Metals, Softs, & Alternative Market Options
      56 387 NYMEX Globex Nat Gas & other Non-Crude Energy Options

      These enhancements will be available for customer testing in New Release on Thursday, September 8.

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      Changing FX Futures Calendar Spread Type

      Effective Sunday, October 2 (trade date Monday, October 3), CME FX futures calendar spreads will be changed from spread type FX to SD. A complete list of impacted products is available here. This change is being made because the SD Calendar type is anchored to the real-time outright books and uses the current market price for leg price allocation, instead of the prior day settlement.

      The SD Calendar is the simultaneous purchase (sale) of a deferred outright futures and sale (purchase) of a nearby outright futures within the same product, priced as the differential of the legs. Details on the spread type functionality are available in the CME Group Client Systems Wiki. The spread type is defined in tag 762-SecuritySubType in the MDP 3.0 Security Definition message.

      This change will be available in New Release for customer testing on Tuesday, September 6.

      To facilitate this change, customers are asked to cancel all FX Futures Calendar Spread Good ‘Till Cancel (GTC) and Good ‘Till Date (GTD) orders after the close on Friday, September 30. After 16:00 CT on Friday, September 30, all remaining GT orders for these FX futures calendar spreads 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 CME.

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      Update - Change to Minimum Cabinet Prices of Treasury Options

      Denotes update to the article

      Effective Sunday, October 2 (trade date Monday, October 3), the Cabinet Price for trading CBOT Treasury options on CME Globex will be modified as follows:

      Change to Minimum Cabinet Prices of Treasury Options
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      9850-MinCabPrice
      (Current)
      9850-MinCabPrice
      (New)
      New Notional Value
      2-Year Note Options OZT N2 0.0005000 0.0035000 $7.00
      Weekly 2-Year Note Options ZT1-ZT5 N2 0.0005000 0.0035000 $7.00
      10-Year Note Options OZN TE 0.0010000 0.0070000 $7.00
      Weekly 10-Year Note Options ZN1-ZN5 TE 0.0010000 0.0070000 $7.00
      Ultra 10-Year Note Options OTN T1 0.0010000 0.0070000 $7.00
      Weekly Ultra 10-Year Note Options TN1-TN5 T1 0.0010000 0.0070000 $7.00
      Bond Options OZB UZ 0.0010000 0.0070000 $7.00
      Weekly Bond Options ZB1-ZB5 UZ 0.0010000 0.0070000 $7.00
      Ultra-Bond Options OUB UB 0.0010000 0.0070000 $7.00
      Weekly Ultra Bond Options UB1-UB5 UB 0.0010000 0.0070000 $7.00
      5-Year Note Options OZF ON 0.0010000 0.0040000 $4.00
      Weekly 5-Year Note Options ZF1-ZF5 ON 0.0010000 0.0040000 $4.00

      This change shall affect cabinet prices for trading and market data on CME Globex only.

      Front-end testing is currently available in New Release. End-to-end testing through CME Clearing systems will be available starting Monday, September 19.

      The CME Globex cabinet price is defined in the instrument’s Security Definition Message (tag 35-MsgType=d) in tag 9850-MinCabPrice.

      To facilitate this change, customers are asked to cancel all CBOT Treasury Options Good ‘Till Cancel (GTC) and Good ‘Till Date (GTD) orders on CME Globex after the close on Friday, September 30. After 16:00 CT on Friday, September 30, all remaining GT orders for these instruments 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.

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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.

      With the introduction of MBO overall incremental feed bandwidth is expected to increase 30-40%. During peak times the number of incremental feed packets per millisecond may increase up to 40-50%.

      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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      Indicative Opening Enhancements

      Starting in Q4 2016, CME Group will introduce an enhancement to Indicative Opening behavior to increase transparency and provide market participants with Indicative Opening Quantity. With this enhancement, a new MDP3 Indicative Opening Quantity (IOQ) statistic will be sent with the Indicative Opening Price (IOP). The tag will represent the probable aggregated quantity of all orders executed during the opening. The IOQ will include max show and stop order quantity.

      Along with this change, the logic for calculating the book quantity during the pre-open and reserve states will also be updated.

      The client impact assessment provides dates, functionality and messaging information.

      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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      Trade Summary OrderID Opt-in Update

      In Q4 2016, to increase transparency and simplify CME Globex functionality, all tag 37-OrderID values will be published in the Market Data Incremental Refresh Trade Summary messages.

      With this release, iLink will no longer support FIX tag 1091-PreTradeAnonymity. CME Globex will not send tag 1091 to client systems, even when submitted on the original message.

      Trade Summary OrderID Opt-in Release Schedule
      Group Channel Number Channel Name New Release Date Production Date
      1 384 NYMEX Globex Metals, Softs, & Alternative Market Futures Monday, September 12, 2016 Q4 2016
      1 385 NYMEX Globex Metals, Softs, & Alternative Market Options
      1 360 COMEX Globex Futures
      1 361 COMEX Globex Options
      1 380 NYMEX Globex Emissions Futures
      1 381 NYMEX Globex Emissions Options
      1 440 DME Globex Futures
      1 441 DME Globex Options
      1 382 NYMEX Globex Crude & Crude Refined Futures
      1 383 NYMEX Globex Crude & Crude Refined Options
      1 386 NYMEX Globex Nat Gas & other Non-Crude Energy Futures
      1 387 NYMEX Globex Nat Gas & other Non-Crude Energy Options
      1 410 CME Europe Globex Futures
      1 411 CME Europe Globex Options
      2 340 CBOT Globex Commodity Futures Monday, September 26, 2016 Q1 2017
      2 346 CBOT Globex Commodity Futures II
      2 341 CBOT Globex Commodity Options
      2 342 CBOT Globex Equity Index Futures
      2 343 CBOT Globex Equity Index Options
      2 344 CBOT Globex Interest Rate Futures
      2 345 CBOT Globex Interest Rate Options
      2 460 MGEX Globex Futures
      2 461 MGEX Globex Options
      3 310 CME Globex Equity Futures Monday, October 3, 2016 Q2 2017
      3 311 CME Globex Equity Options
      3 312 CME Globex Interest Rate Futures
      3 313 CME Globex Interest Rate Options
      3 318 CME Globex Equity Futures - excludes E-mini S&P 500
      3 319 CME Globex Equity Options - excludes E-mini S&P 500
      3 314 CME Globex FX Futures Monday, October 24, 2016
      3 315 CME Globex FX Options
      3 316 CME Globex Commodity Futures
      3 317 CME Globex Commodity Options
      3 320 CME Globex FX Futures II
      3 321 CME Globex FX Options II
      4 430 BMD Globex Futures
      4 431 BMD Globex Options
      4 450 KRX Globex Futures

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      New Functionality

      Natural Gas Reduced Tick Inter-Commodity Spread

      Effective this 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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      Update - Metals Marker Prices Cancelled

      Denotes update to the article

      The launch of the new Marker prices for the following future spreads scheduled for Sunday, September 11(trade date Monday, September 12), †has been cancelled.

      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 are currently available for customer testing in New Release.

      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 are currently available in the New Release for customer testing.

      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

      EU Wheat Futures and Options

      Effective this 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 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 CBOT.

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      MISO and NYISO Daily Power Futures

      Effective this Sunday, September 11 (trade date Monday, September 12), the following Daily Power futures will be listed  for trading on CME Globex and for submission for clearing via CME ClearPort.

      MISO and NYISO Daily Power Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      NYISO Zone C Off-Peak Calendar-Day 5 MW Day-Ahead LBMP Futures NCD PW
      NYISO Zone E Off-Peak Calendar-Day 5 MW Day-Ahead LBMP Futures NOD PW
      NYISO Zone F Off-Peak Calendar-Day 5 MW Day-Ahead LBMP Futures NFO PW
      MISO Illinois Hub Off-Peak Calendar-Day 5 MW Day-Ahead LMP Futures MOI PW
      MISO Michigan Hub Off-Peak Calendar-Day 5 MW Day-Ahead LMP Futures MMO PW
      MISO Illinois Hub Off-Peak Calendar-Day 5 MW Real-Time LMP Futures MRI PW
      MISO Minnesota Hub Off-Peak Calendar-Day 5 MW Real-Time LMP Futures MMR PW
      MISO Michigan Hub Off-Peak Calendar-Day 5 MW Real-Time LMP Futures MRT PW
      NYISO Zone C Peak Calendar-Day 5 MW Day-Ahead LBMP Futures N3P PW
      NYISO Zone E Peak Calendar-Day 5 MW Day-Ahead LBMP Futures NEP PW
      NYISO Zone F Peak Calendar-Day 5 MW Day-Ahead LBMP Futures NFD PW
      MISO Illinois Hub Peak Calendar-Day 5 MW Day-Ahead LMP Futures MIP PW
      MISO Michigan Hub Peak Calendar-Day 5 MW Day-Ahead LMP Futures MMP PW
      MISO Illinois Hub Peak Calendar-Day 5 MW Real-Time LMP Futures MTI PW
      MISO Minnesota Hub Peak Calendar-Day 5 MW Real-Time LMP Futures MNT PW
      MISO Michigan Hub Peak Calendar-Day 5 MW Real-Time LMP Futures MCT PW

      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.

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      DME Middle East Fuel Oil (Platts) Futures

      Effective Sunday, September 18 (trade date Monday, September 19), the following Dubai Mercantile Exchange (DME) Middle East Fuel Oil futures will be listed for trading on CME Globex:

      DME Middle East Fuel Oil (Platts) Spread Futures
      Product MDP 3.0 tag 6937-Asset MDP 3.0 tag 1151 - Security Group
      Singapore vs. Middle East Fuel Oil 180 cst Spread (S&P Global Platts) Futures DSM DE
      Singapore vs. Middle East Fuel Oil 380 cst Spread (S&P Global Platts) Futures DSI DE

      Please Note: The minimum price fluctuation will be $0.01 on CME Globex.

      These futures will be available for customer testing in New Release on Monday, September 12.

      Please view New Product Summary and listing schedule.

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

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

      Denotes update to the article

      Effective †Sunday, September 18 (trade date Monday, September 19), Bursa Malaysia Derivatives (BMD) will list the following 10-year Malaysian Government Securities futures for trading on CME Globex.

      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)
      8:00 p.m. - 11:30 a.m. Central Time (CT)
      Second trading session:
      2:30 p.m. - 6:00 p.m. (MST)
      1:30 a.m. - 5:00 a.m. (CT)

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

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      Alumina FOB Australia Futures

      Effective Sunday, September 25 (trade date Monday, September 26), Alumina FOB Australia futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

      Alumina FOB Australia Futures
      Product MDP 3.0 tag 6937-Asset MDP 3.0 tag 1151 - Security Group
      Alumina FOB Australia (S&P Global Platts) Futures ALA ST
      Alumina FOB Australia (Metal Bulletin) Futures ALB ST

      These futures will be available for customer testing in New Release on Monday, September 12.

      Please view New Product Summary.

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

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      S&P 500 Wednesday Weekly Options

      Effective Sunday, September 25 (trade date Monday, September 26), the following S&P 500 Wednesday weekly options will be listed for trading on the venues listed below.

      Mid-Week S&P 500 Options
      Product MDP 3.0 tag 6937-Asset MDP 3.0 tag 1151 - Security Group (Outrights) MDP 3.0 tag 1151 - Security Group (UDS) Venue
      E-mini S&P 500 Wednesday Weekly Options E1C - E5C EK 1V
      • CME Globex
      • Submission for clearing via CME ClearPort
      S&P 500 Wednesday Weekly Options S1C - S5C SW 4V
      • CME Globex
      • CME trading floor
      • Submission for clearing via CME ClearPort

      These changes will be available for customer testing in New Release on Monday, September 12.

      Please view New Product Summary.

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

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      New - BTIC on E-mini S&P MidCap 400 Futures

      Effective Sunday, September 25 (trade date Monday, September 26), BTIC on E-mini S&P MidCap 400 futures will be listed for trading on CME Globex.

      BTIC on E-mini S&P MidCap 400 Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      BTIC on E-mini S&P MidCap 400 Futures EMT PB

      These futures will be available for customer testing in New Release on Monday, September 12.

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

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      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 † Q4 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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      Product Changes

      Listing Cycle Expansion for Options on Mexican Peso/U.S. Dollar (MXN/USD) Futures

      Effective this Sunday, September 11 (trade date Monday, September 12), the listing cycle for options on Mexican Peso/U.S. Dollar (MXN/USD) futures will be expanded on CME Globex.

      Listing Cycle Expansion for Options on Mexican Peso/U.S. Dollar (MXN/USD) 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
      Options on Mexican Peso/U.S. Dollar (MXN/USD) Futures 6M MO 3 consecutive maturities 12 consecutive maturities

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

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

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      Listing Cycle Expansion for Soybean Options

      Effective this Sunday, September 11 (trade date Monday, September 12), the listing cycle for Soybean options will be expanded on CME Globex.

      Listing Cycle Expansion for Soybean Options
      Product
      MDP 3.0: tag 6937-Asset

      MDP 3.0 tag 1151 - Security Group
      Current Listing Cycle New Listing Cycle
      Soybean Options OZS

      SQ

      First 3 consecutive maturities and first 9 standard option maturities First 3 consecutive maturities and first 9 standard option maturities plus next available November maturity

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

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

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

      Denotes update to the article

      Effective †Sunday, September 18 (trade date Monday, September 19), Bursa Malaysia Derivatives (BMD) will modify the trading hours for the 3-year Malaysian Government Securities futures 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)
      8:00 p.m. - 11:30 a.m. Central Time (CT)
      Second trading session:
      2:30 p.m. - 5:00 p.m. (MST)
      1:30 a.m. - 4:00 a.m. (CT)
      First trading session:
      9:00 a.m. - 12:30 p.m. Malaysian Standard Time (MST)
      8:00 p.m. - 11:30 a.m. Central Time (CT)
      Second trading session:
      2:30 p.m. - 6:00 p.m. (MST)
      1:30 a.m. - 5:00 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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      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 is currently available for customer testing in New Release.

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

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      Events and Announcements

      CME Group Co-Location Services Announces Availability of Point of Presence at the SGX Co-location Facility

      CME Group Co-Location Services is happy to announce the availability of CME Group markets with the launch of its point of presence (PoP) in the Singapore Exchange (SGX) co-location facility. The connection is now available to CME Group customers. This offering will expand and improve the ability of customers located in the SGX co-location facility to directly connect to CME Group markets via cross connect.

      For more information on the CME Group PoP please contact your Global Account Manager.

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      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 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 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.These requirements apply to both customer-facing services connected to CME Group and to their services exposed to clients.

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

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