• CME Globex Notices: April 17, 2017

      • To
      • CME Globex and Market Data Customers
      • From
      • Global Market Solutions & Services
      • #
      • 20170417
      • Notice Date
      • 20 April 2017
    • Topics in this issue include:

       

      Critical System Updates

      Market By Order Market Data

      Effective this Sunday, April 23 (trade date Monday, April 24), to increase market transparency and customer choice, CME Group will continue the rollout Market by Order (MBO) 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.

      MBO is now available in New Release for customer testing. Please view the updated MBO rollout schedule for production.

      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%.

      The MBO certification suite is now available in AutoCert+ for customer testing. Customer systems who choose to process MBO via CME Globex must complete this certification.

      To ensure customers can access, trade and process the market data for Market By Order (MBO), CME Group will hold a mock trading session Saturday, April 22. Customers must register for this session in advance. During this mock trading session, customers may test MDP 3.0 Market Data, Order Entry, and Trade Matching. For additional information, please view the mock trading session script. All customers and trading system providers who plan to support MBO are strongly encouraged to participate.

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      ITC Market Data IP Change

      Effective Sunday, May 7(trade date Monday, May 8), the customer-facing IP addresses for all ITC market data channels will change.  A new network configuration file named config_20170506.xml with the new IPs is available for customer download.

      ITC Market Data IP Change
      Market Data Channel Description ITC Market Data Channels

      CME Open Outcry

      3

      CBOT Open Outcry

      100

      DME Non-Globex

      229

      NYMEX Open Outcry

      244

      COMEX Open Outcry

      245

      Customers must download and implement the ITC config.xml file on the production launch date prior to market open for each channel.

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      Market Segment Changes for CME and CBOT Products

      Beginning Sunday, May 21 (Monday, May 22), the following instruments will be moved to different Market Segments and different MDP 3.0 Incremental feed Source IPs. No new Market Segments are being introduced.

      Market Segment Changes for CME and CBOT Products
      Products MDP 3.0 Channel Current Tag 1300-MarketSegmentID New Tag 1300-MarketSegmentID New Release Launch Production Launch
      CME Globex Commodity Options 317 52 60 Thursday, April 27 Sunday, May 21
      CME Globex FX Futures II 320 62 52 Sunday, June 4
      CBOT Globex Equity Index Futures 342 66 68 Sunday, June 25
      CBOT Globex Equity Index Options 343 60 54

      There will be no changes to MDP 3.0 functionality or messaging format associated with these market segment changes.

      Drop Copy 4.0 sessions will support these market segment changes. As a reminder, customers must manage the relationship between Drop Copy 4.0 sessions and corresponding IP addresses and market segments within their risk management systems.

      Config.xml Files

      The new MDP 3.0 config.xml files are available for customer download:

      • New Release
        • all changes reflected in "20170426" files
      • Production
        • Changes for channels 317 and 345 reflected in "20170520" file
        • Changes for channel 320 reflected in "20170603" file
        • Changes for channels 342 and 343 reflected in "20170624" file

      To facilitate these changes, customers are asked to cancel all Good 'Till Cancel (GTC) and Good 'Till Date (GTD) orders for User-Defined Spreads (UDS) only for the affected markets by the close on the Friday before launch. Any remaining GT orders on UDS will be cancelled by the CME Global Command Center (GCC). GT orders on outright options, futures and futures spreads will not be impacted.

      If a firewall or network device is configured with the Source IP information, please correct your configuration to use the entire range of eligible addresses.

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      Source IP Change for CBOT Globex Interest Rate Options Market Data

      Effective Sunday, May 21 (trade date Monday, May 22), the production Incremental feed market data Source IPs for all instruments on MDP 3.0 channel 345 - CBOT Globex Interest Rate Options will be changed. A new config.xml files named config_20170520.xml is now available on the ftp.cmegroup.com/SBEFix/.

      If a firewall or network device is configured with the Source IP information, please correct your configuration to use the entire range of eligible addresses. Customers who restrict market data flow via the source IPs must download and implement MDP 3.0 config.xml file on the production launch date prior to market open for each channel.

      These changes will be available for customer testing Thursday, April 27.

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      Streamlined FIX/FAST Decommission

      Blocks market data is now available on the streamlined SBE feed. The following streamlined FIX/FAST feed will be decommissioned in the New Release and Production environments as follows:

      Streamlined FIX/FAST Decommission
      Streamlined FIX/FAST and ITC 2 Production New Release Client Impact Assessment
      FIX/FAST Eris Exchange June 23 June 23 Eris Exchange Streamlined Conversion to SBE

      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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      Eris Exchange Streamlined SBE Enhancements

      Effective Sunday, June 25 (trade date Monday, June 26), the Eris Exchange will launch enhancements with new functionality for the Streamlined SBE feed.

      The streamlined Market Data enhancements will feature:

      • Theoretical update book processing
      • New daily statistics and reference data
      • Expanded instruments

      The client impact assessment provides functionality and messaging information.

      The enhancements and new functionality is available in New Release for customer testing.

      The Eris streamlined SBE enhancements certification suite will be available in AutoCert+ for customer testing on a date to be announced. Customer systems who choose to process Eris exchange streamlined SBE market data must complete this certification.

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      New IPs and Ports for iLink Convenience Gateways

      Following the successful launch of Market Segment Gateway (MSGW), CME Group is introducing improvements to the Convenience Gateway (CGW) architecture. These changes include a hardware upgrade and are designed to reduce CGW IP management needs. There should be no performance change for iLink CGW sessions.

      Effective Sunday, June 25 (trade date Monday, June 26), all CGW iLink sessions will use new IPs and ports. The new IP ranges will be available on the Client Systems Wiki by May 1. Your Global Account Manager will provide the new IP and port mapping for your sessions by the end of the month.

      All CGW iLink sessions must migrate to the new IPs and Ports in order to access CME Globex markets. The current IPs will be disabled after the close on Friday, June 23. A connectivity mock will be held Saturday, June 24.

      An optional migration on Sunday, June 18, is also available. Customer must register with their Global Account Manager no later than Friday, June 2, to migrate on June 18. A connectivity mock will be held for those migrating early on Saturday, June 17.

      Please note: Later this year, CGW sessions will move to the MSGW-style Application Level Fault Tolerance, with an enforced primary gateway. To minimize impact when this change is implemented customers must use their designated Primary IPs and Ports upon launch.

      Drop Copy is not impacted by this change, but some iLink source sessions may be moved to different target sessions. The IPs and ports for Drop Copy sessions will not change.

      If you have any questions or concerns, please contact your Global Account Manager  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

      Triangulation Execution Change for Australian Dollar

      Effective this Sunday, April 23 (trade date Monday, April 24), the minimum quantity required to trigger a Triangulation execution will be reduced from 20 to 10 lots. The minimum order size for Volatility-Quoted Options will remain 20 lots. These minimums are designed to mitigate the risk of a VQO or Triangulated execution without an assigned future.

      This change is available for customer testing in the New Release environment.

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      Mass Quote Cancel Enhancements

      Effective Sunday, May 7 (trade date Monday, May 8), in addition to the current Mass Quote Cancel functionality, CME Group will offer customers the ability to cancel their Mass Quotes based on the Quote Set ID.

      Cancel by Quote Set enhancements support cancellation of quote sets with a single Quote Cancel (tag 35-MsgType=Z) message as follows:

      • Cancel a designated quote set by Quote Set ID; client system provided unique identifier.
      • Cancel a side (Buy/Sell) of the designated Quote Set ID.

      The client impact assessment provides functionality and messaging information.

      Certification for Cancel by Quote Set is not mandatory for client systems already certified for the Mass Quote test suite.

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

      Please note: Mass Quotes submitted with a Quote Set ID value greater than 3 characters in length will be rejected. CME Globex will send a Business Level Reject (tag 35-MsgType=j) message including tag 58=<Reject Reason>.

      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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      Triangulation Functionality for Additional CME FX Products

      Triangulation functionality will be enabled for the following CME FX products:

      • Sunday, May 14 (trade date Monday, May 15)
        • Japanese Yen
          • Futures: tag 6937=6J
          • Premium-Quoted Options: tag 6937=JPU, 1JY-5JY
          • Volatility-Quoted Options: tag 6937=VXJ, VJA-VJE
        • British Pound
          • Futures: tag 6937=6B
          • Premium-Quoted Options: tag 6937=GBU, 1BP-5BP
          • Volatility-Quoted Options: tag 6937=VXB, VBA-VBE
        • Swiss Franc
          • Futures: tag 6937=6S
          • Premium-Quoted Options: tag 6937=CHU, 1SF-5SF
          • Volatility-Quoted Options: tag 6937=VXS, VSA-VSE
      • Sunday, June 18 (trade date Monday, June 19)
        • Canadian Dollar
          • Futures: tag 6937=6C
          • Premium-Quoted Options: tag 6937=CAU, 1CD-5CD
          • Volatility-Quoted Options: tag 6937=VXC, VCA-VCE
        • Euro FX
          • Futures: tag 6937=6E
          • Premium-Quoted Options: tag 6937=EUU, 1EU-5EU
          • Volatility-Quoted Options: tag 6937=VXT, VTA-VTE

      The Swiss Franc, British Pound and Canadian Dollar markets will use a minimum quantity requirement of 10 lots to trigger a Triangulation execution. Japanese Yen and Euro FX will use 20 lot minimum for Triangulation execution. All Volatility-Quoted Options have a 20-lot minimum order size. These minimums are designed to mitigate the risk of a VQO or Triangulated execution without an assigned future.

      Triangulation functionality for the Japanese Yen, British Pound and Swiss France will be available for customer testing Wednesday, April 19; Canadian Dollar and Euro FX will be available Monday, May 8.

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      Settlement Enhancements

      Effective Sunday, May 21 (trade date Monday, May 22), more granular settlement identifiers will be available on CME MDP 3.0.

      • Tag 731-SettlePriceType (bits 1 and 2) will be fully supported to accurately identify theoretical vs actual and rounded vs unrounded settlement prices.
        • Tag 731 is published on the Incremental Refresh, Security Definition and Snapshot Full Refresh messages (35=X, d or W)
          • Please Note: Theoretical settlement prices are only published on Security Definition (tag 35-MsgType=d) messages for instruments with no Open Interest or Volume. Incremental Refresh settlement messages are not distributed for these instruments.

      With this change, the following settlement types will be published for instruments listed on CME Globex:

      Settlement Messages Published on Incremental Refresh
      Instrument Preliminary, Rounded Preliminary, Unrounded Final, Rounded Final, Unrounded
      Subject to rounding with open interest X X X  
      Not subject to rounding with open interest   X   X
      No open interest        

      These settlement enhancements are currently available for customer testing in New Release.

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      MDP 3.0 Enhancement for Settled at Cabinet Options

      Effective Sunday, May 21 (trade date Monday, May 22), to provide better insight into actual settlement prices, when an option instrument is settled at Cabinet, the Cabinet settlement price will be published in tag 270-MDEntryPx when tag 269-MDEntryType=6. Currently, MDP 3.0 publishes tag 270=0 when an option settles to cabinet.

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      Globex Risk Management Enhancements: Inline Credit Controls

      In Q2 2017, in addition to existing risk management controls, CME Group will offer optional, more granular pre-trade risk management capability through the In-Line Credit Control (ICC) tool.

      The ICC tool allows Clearing Member Firms and Executing Firms to set daily position limits for CME Globex, per product, at the account level through Account Manager.

      The new functionality will feature:

      • Daily quantity position limits applied per product at the account level.
      • Positions reset to flat at the end of the day. Good 'Til Cancel (GTC) and Good 'Til Date (GTD) orders will roll-over to be calculated in the next day’s working orders.
      • No latency differential; all orders are subject to the same ICC processing.
      • Both Clearing Member Firm and Executing Firm Risk Admins can register accounts and set limits.
        • The most restrictive limit applies.
        • Clearing Member Firm and Executing Firm Risk Admins can view each other's account limits.
        • Clearing Member Firms and Executing Firms cannot change the other's limit.
      • Email alerts can be set up when pre-set threshold level breaches occur (for example, at 80%).

      See more on Viewing and Managing Inline Credit Control Limits and Configuring Alerts and Policies for Inline Credit Controls.

      For registered client systems, a new or cancel/replace order that violates specified position limits will be rejected. CME Globex will send a Session Level Reject (tag 35-MsgType=3) message including tag 58=<Reject Reason>.

      Reject Reason Tag 58-Text
      Position Limit Violation Position Limit Violation for Account: <Account>, Position Increase: <position> makes position above the BUY Position Limit: <Limit> by amount: <Amount>. Limit set by CMF for Product Code: <Product Code>
      Position Limit Violation for Account: <Account>, Position Increase: <position> makes position above the BUY Position Limit: <Limit> by amount: <Amount>. Limit set by EF for Product Code: <Product Code>
      Account Policy Violation Pre-Trade Registration Violation: Account: <Account> is not Registered for this Executing Firm
      Product Policy Violation Pre-Trade Registration Violation: Account: <Account> is not Registered to Trade Product Code: <Product Code>
      UDS Covereds Policy Violation Pre-Trade Registration Violation: Account: <Account> is not Registered to Trade UDS Covereds
      Account Deactivation Violation Pre-Trade Registration Violation: Account: <Account> has been Suspended from Trading by the CMF for this Executing Firm

      This new functionality is currently available for customer testing in New Release.

      Please contact your Global Account Manager with any questions on onboarding and testing In-line Credit Controls functionality in New Release 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.

      Please contact Certification Support for Electronic Trading (CSET) in the U.S. at +1 312 930 2322, in Europe at +44 20 3379 3803 or in Asia at +65 6593 5593 with questions while testing in New Release.

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      New - CME Globex Execution Information Enhancements

      In Q3 2017, CME Group will offer customers the following CME Globex execution information enhancements:

      • Updated STP function - new Common Trade ID automatically traces each individual execution across CME Globex and through clearing
        • iLink tag 37711-MDTradeEntryID
        • MDP 3.0 tag 37711-MDTradeEntryID
        • CME STP and CME STP FIX MDTrdEntrID
      • Real-time trade price adjustments reporting to participating traders and market as a whole via iLink and MDP 3.0 messages
        • Currently, trade price adjustments are only available via Clearing systems

      Please review the client impact assessment for information on functionality and messaging impacts and complete rollout schedule.

      These enhancements will be available in New Release for customer testing starting Thursday, May 4.

      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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      Product Launches

      South African Rand Options

      Effective this Sunday, April 23 (trade date Monday, April 24), South African Rand options will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

      South African Rand 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)
      South African Rand Options RO A4 A5
      South African Rand Weekly Options 1N – 5N A4 A5

      These options are available for customer testing in New Release.

      Note: These products are currently listed on Open Outcry and available for submission via CME Clearport. Please click here for contract specs of currently listed products.

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

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      Ethanol T2 FOB Rdam Including Duty (Platts) BALMO Futures

      Effective this Sunday, April 23 (trade date Monday, April 24), Ethanol T2 FOB Rdam Including Duty (Platts) BALMO futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

      Ethanol T2 FOB Rdam Including Duty (Platts) BALMO Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Ethanol T2 FOB Rdam Including Duty (Platts) BALMO Futures Z1B EE

      These futures are available for customer testing in New Release.

      Please see New Product Summary.

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

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      Fuel Oil Spread Futures and Equivalent BALMO

      Effective Sunday, May 7 (trade date Monday, May 8), 3.5% Fuel Oil CIF Med (Platts) vs. 3.5% Fuel Oil FOB Med (Platts) Futures and 3.5% Fuel Oil CIF Med (Platts) vs. 3.5% Fuel Oil FOB Med (Platts) BALMO Futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

      Fuel Oil Spread Futures and Equivalent BALMO
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      3.5% Fuel Oil CIF Med (Platts) vs. 3.5% Fuel Oil FOB Med (Platts) Futures CMF CP
      3.5% Fuel Oil CIF Med (Platts) vs. 3.5% Fuel Oil FOB Med (Platts) BALMO Futures CMB CP

      These futures will be available for customer testing in New Release on Monday, April 24.

      Please see New Product Summary.

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

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      NY Buckeye Jet Fuel (Platts) vs. NY Harbor ULSD BALMO Futures

      Effective Sunday, May 7 (trade date Monday, May 8), NY Buckeye Jet Fuel (Platts) vs. NY Harbor ULSD BALMO Futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

      NY Buckeye Jet Fuel (Platts) vs. NY Harbor ULSD BALMO Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      NY Buckeye Jet Fuel (Platts) vs. NY Harbor ULSD BALMO Futures JTB RF

      These futures will be available for customer testing in New Release on Monday, April 24.

      Please see New Product Summary.

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

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      E-mini Russell 2000 Index Futures and Options

      Effective Sunday, July 9 (trade date Monday, July 10), the following E-mini Russell 2000 Index futures and options will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

      E-mini Russell 2000 Index 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
      E-mini Russell 2000 Index Futures RTY RY N/A
      BTIC on E-mini Russell 2000 RLT RT N/A
      E-mini Russell 2000 Growth Index R2G RA N/A
      BTIC on E-mini Russell 2000 Growth Index Futures 2GT RB N/A
      E-mini Russell 2000 Value Index Futures R2V RC N/A
      BTIC on E-mini Russell 2000 Value Index Futures 2VT RD N/A
      E-mini Russell 2000 Options RTO R4 R5
      E-mini Russell 2000 Weekly Options R1E
      R2E
      R3E
      R4E
      R4 R5
      E-mini Russell 2000 EOM Options RTM R4 R5

      Please see New Product Summary.

      With this launch, the Fixing Price for the E-mini Russell 2000 Index futures will be disseminated. The fixing price will be calculated Monday through Friday from 2:59:30 pm to 3:00:00 pm CT.

      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 fixing price was calculated.
      • These futures and options will be available for customer testing in New Release on Monday, June 5.

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

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      Bursa Malaysia Derivatives Berhad (BMD) FX Futures

      Pending regulatory approvals, Bursa Malaysia Derivatives (BMD) will list the following FX futures for trading on CME Globex in late Q2 2017.

      Bursa Malaysia Derivatives Berhad (BMD) FX Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      BMD Mini CNH/MYR Futures MFCM BR
      BMD Mini USD/MYR Futures MFUM BM

      These are currently available for customer testing in New Release.

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      Product Changes

      New - Suspension of CME Europe Products

      Effective close of business on Friday, April 21, CME Europe instruments without Open Interest will be removed from CME Globex.

      Please see the CME Europe Notice for additional information and list of impacted products.

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      Listing Cycle Expansion for Henry Hub Natural Gas Calendar Spread Options and Combos

      Effective this Sunday, April 23 (trade date Monday, April 24), the listing cycle for the following Henry Hub Natural Gas Calendar Spread Options and Combos will be expanded on CME Globex.

      Henry Hub Natural Gas Calendar Spread Options and Combos
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Combo MDP 3.0: tag 6937-Asset Combo iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Current Listing Schedule New Listing Schedule
      Henry Hub Natural Gas Financial Calendar Spread Option - 1 Month G4X ON G8X 08 (Zero 8) 1- Month Spreads listed for 36 consecutive months 1- Month Spreads listed for 48 consecutive months
      Henry Hub Natural Gas Financial Calendar Spread Option - 2 Month AG2 ON CG9 08 (Zero 8) 2- Month Spreads listed for 12 consecutive months and an additional January/March spread 2- Month Spreads listed for 36 consecutive months
      Henry Hub Natural Gas Financial Calendar Spread Option - 3 Month G3B ON BH9 09 (Zero 9) 3- Month Spreads listed for 12 consecutive months and an additional January/April and October/January spread 3- Month Spreads listed for 36 consecutive months
      Henry Hub Natural Gas Financial Calendar Spread Option - 4 Month G10 ON G44 08 (Zero 8) 4- Month Spreads listed for 12 consecutive months 4- Month Spreads listed for 36 consecutive months
      Henry Hub Natural Gas Financial Calendar Spread Option - 5 Month AG5 ON HH8 08 (Zero 8) 5- Month Spreads listed for 12 consecutive months 5- Month Spreads listed for 36 consecutive months
      Henry Hub Natural Gas Financial Calendar Spread Option - 6 Month G6B ON H7Y 09 (Zero 9) 6- Month Spreads listed for 12 consecutive months 6- Month Spreads listed for 36 consecutive months
      Henry Hub Natural Gas Financial Calendar Spread Option - 12 Month AG7 ON HH6 08 (Zero 8) 12- Month Spreads listed for 12 consecutive months 12- Month Spreads listed for 36 consecutive months

      Please note: These Combos serve as synthetic underlying products.

      These calendar spread options are available for customer testing in New Release.

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

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      Listing Live Cattle Futures and Options for August 2018

      Effective this Sunday, April 23 (trade date Monday, April 24), the August 2018 maturity month for Live Cattle futures and options will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

      Listing Live Cattle Futures and Options for August 2018
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Live Cattle Futures LE LE
      Live Cattle Options LE L0

      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.

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      Change to Price Bands for Cash-Settled Butter Futures

      Effective Sunday, April 30 (trade date Monday, May 1), the price bands for Cash-Settled Butter futures will be changed as follows:

      Cash-Settled Butter Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group

      Current Price Bands

      New Price Bands
      Cash-Settled Butter Futures CB CB 2250 4000

      The price band settings for every CME Globex product are defined in the CME Globex Product Reference.

      The change is 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 - Strike Price Listing Rules Change for CME and CBOT Options

      Effective Sunday, May 14 (trade date Monday, May 15), the minimum strike price listing rules for the following CME and CBOT options will be modified to extend minimum strike price listings to additional series.

      Strike Price Listing Rules Change for CME and CBOT Options
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Current Strike Price Listing Rule New Strike Price Listing Rule
      Live Cattle Options LE L0 1 intervals listed for the first two months in the bi-monthly February series and one serial 1 intervals listed for the first three months in the bi-monthly February series and one serial
      Feeder Cattle Options GF F0 10 intervals listed for the first two contract months 10 intervals listed for the first three contract months
      Feeder Cattle Options GF F0 5 intervals listed on the first business day of the expiring contract month 5 intervals listed when the contract month becomes the nearest month to expiration
      Lean Hog Options HE 0H 1 intervals listed for the first two contract months 1 intervals listed for the first three contract months

      Soybean Meal Options

      OZM ML 5 intervals listed for all months, if the strike price is less than $200 per short ton;
      5 intervals listed for the first listed month, if the strike price is greater than or equal to $200 per short ton. 10 intervals listed for all other months.
      5 intervals listed for all months, if the strike price is less than $200 per short ton;
      5 intervals listed for the first three standard months and any serial month, if the strike price is greater than or equal to $200 per short ton. 10 intervals listed for all other months.

      These options will be available for customer testing in New Release on Monday, May 1.

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

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      Decommission of MexDer Order Routing Offering

      Effective end of day Friday, August 25, Globex order routing and market data for MexDer products will no longer be available via the CME Globex platform. Existing order routing customers to MexDer markets and customers wishing to pursue market access to MexDer should contact Laura Vazquez at lvazquez@grupobmv.com.mx or +(52 55) 53 42 9840. 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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      Events and Announcements

      Additional Maintenance Windows in Certification and New Release

      Beginning Monday, May 1, CME Group will implement additional maintenance windows for CME Globex, Clearing and CME Direct test environments. Maintenance windows are a specified period of time during which an environment is unavailable. The additional maintenance windows will provide customers with the most current technology releases and allow for more frequent deployments to enhance environment stability.

      Certification and New Release Maintenance Windows

      *Service Maintenance Windows
      CME Globex
      • Certification and New Release:
        • 4 pm – 8 pm CT Monday – Thursday
        • 2 am – 5 am CT Wednesday
      CME Clearing
      • Certification:
        • Tuesdays 12 pm – 5 pm CT
      • New Release:
        • Tuesdays 2 am – 5 am CT
        • Wednesdays 12 pm –5 pm CT
      CME Direct
      • Certification:
        • Tuesdays 2 am – 7 am CT and 12 pm – 5 pm CT
      • New Release:
        • Wednesdays 2 am – 7 am CT and 12 pm – 5 pm CT

      *Please Note: Services are available from 8 pm Central Time (CT) Sunday to 4 pm CT Friday except during the maintenance windows.

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      New - Messaging Efficiency Program

      As a result of maintaining strict information security standards, effective trade date Monday, May 8, 2017, CME Group will no longer include an attachment when emailing Messaging Efficiency Program (MEP) potential surcharge notifications.

      CME Group will continue to email MEP potential surcharge notifications on a T + 1 basis, however market participants must refer to the Firm Administrator Dashboard (FADB) in order to obtain the following MEP related information:

      • Executing Firm
      • iLink Session ID
      • Account number
      • tag 50

      Market participants who wish to obtain FADB access should contact their Clearing Firm Administrator.

      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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