• CME Globex Notices: June 12, 2017

      • To
      • CME Globex and Market Data Customers
      • From
      • Global Market Solutions & Services (GMSS)
      • #
      • 20170612
      • Notice Date
      • 12 June 2017
    • Topics in this issue include:

    • Critical System Updates

      Elimination of Redundant Settlements - This Week

      Starting this Sunday, June 18 (trade date Monday, June 19), through Friday, July 7, to optimize market data bandwidth utilization, MDP 3.0 is phasing in a change to publish fewer redundant preliminary settlement Incremental Refresh (tag 35-MsgType=X) messages. With this change, customers will continue to receive the full set of preliminary settlements, but will see a reduction in a number of duplicated messages after the initial preliminary set is published. Preliminary settlements are typically sent (Monday through Friday) per product after each market has closed.  More information on timelines for statistical information can be found here. In case of any missed information, clients should follow standard MDP 3.0 Recovery models.

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      Order Priority Changes for Execution on CME FX Options - This Week

      To simplify the matching algorithm in FX options, effective this Sunday, June 18 (trade date Monday, June 19), CME Group will combine volatility-quoted implied orders and premium-quoted implied orders into a single priority algorithm. This will be effective in the following currency pairs for which triangulation has been enabled:

      • Australian Dollar
      • British Pound
      • Canadian Dollar
      • EuroFX
      • Japanese Yen
      • Swiss Franc

      With this change, CME Globex will use an Aggregated Price-Time Priority to determine priority in both premium-quoted options (PQO) and volatility-quoted options (VQO) order books. As a result, an aggressing options order will first match against customer orders or implied orders based on the Aggregated Price-Time, as detailed below.

      Aggregated Price-Time Priority: Matching Sequence:

      Within the PQO order book, at a given price level, if there are both customer orders and implied orders (i.e. RFQ-triggered implied orders and Triangulation implied orders), then an aggressing PQO order will match against those orders in the following sequence:

      • PQO customer orders, PQO implied orders, or PQO Triangulation implied orders based on the Aggregated Price-Time.

      Within the VQO order book, at a given price level, if there are both customer orders and Triangulation implied orders, then an aggressing VQO order will match against those orders in the following sequence:

      • VQO customer orders or VQO Triangulation implied orders based on the Aggregated Price-Time.

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

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      Market Segment Changes for CME and CBOT Products  - June 25

      Continuing Sunday, June 25 (trade date Monday, June 26), 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
      CBOT Globex Equity Index Futures 342 66 68 Available Sunday, June 25
      CBOT Globex Equity Index Options 343 60 54

      As a result of these changes, Market Segment Gateway 62 will be decommissioned on Sunday, June 4. Market Segment Gateway 66 will be decommissioned Sunday, June 25. Attempts to connect to these gateways following decommission will be ignored. The Market Segment configuration files will be updated prior to the open for each change.

      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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      UpdateUpdate - New IPs and Ports for iLink Convenience Gateways  - June 25

      † Denotes update to the article

      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 are currently available on the Client Systems Wiki. 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.

      For customers that have opted for the early migration, CME Group is supporting a connectivity mock to the new primary & backup CGW IPs and ports on Saturday, June 17, from 9:00 - 11:00 am Central Time (CT). Session information will be available in the FADB and Request Center during the mock. †If you experience any issues during the mock, please contact the GCC for assistance at 1 800 438 8616.  For a general status during the mock there will be a bridge line open for regular updates 1 877 979 3898  Access code: 6485475.

      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.

      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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      UpdateUpdate - Streamlined FIX/FAST Decommission  - July 7

      † Denotes update to the article

      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 July 7 July 7 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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      UpdateUpdate - Eris Exchange Streamlined SBE Enhancements - July 9

      † Denotes update to the article

      Effective †Sunday, July 9 (trade date Monday, July 10), 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
      • Increase precision for tag 38-OrderQty for the Quote Request (tag 35-MsgType=R) message

      The client impact assessment provides functionality and messaging information.

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

      †To support the increased precision on tag 38-OrderQty,a new schema is available in New Release environment. The new version 8 schema replaces version 7 and will be the version launched into production.

      The CME FTP site will be updated as follows:

      New Release: ftp://ftp.cmegroup.com/SBEFix/NRCert/Templates/
      Schema Version Available Available
      V8 Streamlinemktdata_v8.xml Streamlinemktdata.xml
      Production: ftp://ftp.cmegroup.com/SBEFix/Production/Templates/
      Schema Version †July 9 †July 9
      V8 Streamlinemktdata_v8.xml Streamlinemktdata.xml

      The Eris streamlined SBE enhancements certification suite is currently available in AutoCert+ for customer testing. Customer systems who choose to process Eris exchange streamlined SBE market data must complete this certification.

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      New Functionality

      Triangulation Functionality for Additional CME FX Products - This Week

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

      • 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.

      In internal testing, triangulation functionality increased incremental feed bandwidth up to 25% on the CME Globex FX Options MDP 3.0 channels 315 and 321.

      Triangulation functionality for the Japanese Yen, British Pound, Swiss France Canadian Dollar and Euro FX is currently available for customer testing.

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      UpdateUpdate - Market Data Dissemination of Intraday Settlements Prices - July 9

      † Denotes update to the article

      Effective Sunday, July 9(trade date Monday, July 10) CME Group will fully support Tag 731-SettlPriceType bit 3 = “1” to indicate an Intraday Settlement.

      Intraday Settlement Prices will be published on the last trading day of the calendar month for equity futures contracts. The settlement prices for equity products will be disseminated while the trading session is still active. They will represent a snapshot valuation of the settlement price at the time that they are published.

      Market Data Dissemination of Equity Intraday Settlements Prices
      MDP 3.0 Channel Description MDP 3.0 Channel MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      CME Globex Equity Futures Channel 310 ES ES
      CME Globex Equity Futures - excludes E-mini S&P 500 Channel 318 SP SP

      Intraday Settlement Prices for Dubai Mercantile Exchange (DME) will be published daily.

      These changes are currently available for customer testing in New Release. To test tag 731-SettlPriceType bit 3 = “1” in New Release, 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.

      The MDP 3.0 Market Data Incremental Refresh message including the tag 731-SettlPriceType field is documented here.

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      UpdateUpdate - Globex Risk Management Enhancements: Inline Credit Controls - July 2017

      † Denotes update to the article

      In July 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%).

      Please note: With the introduction of ICC, clients may see minor changes in order entry round trip times (RTT) during large market events.

      †Initially, ICC processing for accounts approaching their pre-set threshold level, In-Flight Mitigation(IFM) enabled orders may temporarily violate account limits resulting in a reject. See scenario here. Future phases of ICC will accommodate In-Flight Mitigation and eliminate the temporary account limit violation scenario.

      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 New - Market By Order (MBO) Market Recovery Implied Dissemination Modification - August 6

      Starting on Sunday, August 6 (trade date Monday, August 7), to allow customer systems to efficiently recover market data books, the Market by Order Recovery feed will now include 2nd level (1023-MDPriceLevel) Market by Price implied book depth (tag 269-MDEntryType=E, F).

      Market By Order (MBO) Market Recovery Implied Dissemination Modification
      Group Channel Number Channel Name Production Launch Date
      1 312 CME Globex Interest Rate Futures Sunday, August 6
      382 NYMEX Globex Crude & Crude Refined Futures
      2 360 COMEX Globex Futures Sunday, August 13
      384 NYMEX Globex Metals, Softs, & Alternative Market Futures
      380 NYMEX Globex Emissions Futures
      386 NYMEX Globex Nat Gas & other Non-Crude Energy Futures
      382 NYMEX Globex Crude & Crude Refined Futures
      440 DME Globex Futures
      340 CBOT Globex Commodity Futures
      346 CBOT Globex Commodity Futures II
      460 MGEX Globex Futures
      344 CBOT Globex Interest Rate Futures
      316 CME Globex Commodity Futures
      430 BMD Globex Futures

      The Market By Order (MBO) Market Recovery Implied Dissemination Update will be available for customer testing in New Release on Monday, June 26.

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      CME Globex Execution Information Enhancements - Q3 2017

      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 are now available in New Release for customer testing.

      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

      Urea (Granular) FOB Middle East Futures - June 25

      Effective Sunday, June 25 (trade date Monday, June 26), Urea (Granular) FOB Middle East futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

      Urea (Granular) FOB Middle East Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Urea (Granular) FOB Middle East Futures UME UF

      This product is currently 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 CBOT.

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      Listing of Calendar and Strips Spreads for Natural Gas Liquid Futures  - June 25

      Effective Sunday, June 25 (trade date Monday, June 26), calendar and strip spreads will be listed on CME Globex for the following Natural Gas Liquid futures.

      New Spreads for Natural Gas Liquid (NGL) Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      New Strategies Tag 762-SecuritySubType
      European Propane CIF ARA (Argus) Futures APS ZZ All calendar spreads for 2 years SP
      4-1 year strips, 1 balance of year strip, 4 semi-annual strips, 3 years of quarterly strips SA
      3 years of quarterly strip spreads SB
      Argus Propane (Saudi Aramco) Futures A9N ZZ All calendar spreads for 2 years SP
      4-1 year strips, 1 balance of year strip, 4 semi-annual strips, 3 years of quarterly strips SA
      3 years of quarterly strip spreads SB
      Argus Propane Far East Index Futures A7E ZZ All calendar spreads for 2 years SP
      4-1 year strips, 1 balance of year strip, 4 semi-annual strips, 3 years of quarterly strips SA
      3 years of quarterly strip spreads SB
      Propane Non-LDH Mont Belvieu (OPIS) Futures A1R ZZ All calendar spreads for 2 years SP
      4-1 year strips, 1 balance of year strip, 4 semi-annual strips, 3 years of quarterly strips SA
      3 years of quarterly strip spreads SB
      Conway Propane (OPIS) Futures A8K ZZ All calendar spreads for 2 years SP
      4-1 year strips, 1 balance of year strip, 4 semi-annual strips, 3 years of quarterly strips SA
      3 years of quarterly strip spreads SB
      Mont Belvieu Natural Gasoline (OPIS) Futures A7Q ZZ All calendar spreads for 2 years SP
      4-1 year strips, 1 balance of year strip, 4 semi-annual strips, 3 years of quarterly strips SA
      3 years of quarterly strip spreads SB
      Conway Normal Butane (OPIS) Futures A8M ZZ All calendar spreads for 2 years SP
      3-1 year strips, 1 balance of year strip, 4 semi-annual strips, 3 years of quarterly strips SA
      3 years of quarterly strip spreads SB
      Mont Belvieu Iso-Butane (OPIS) Futures A8I ZZ All calendar spreads for 2 years SP
      4-1 year strips, 1 balance of year strip, 4 semi-annual strips, 3 years of quarterly strips SA
      3 years of quarterly strip spreads SB
      Mont Belvieu Normal Butane LDH (OPIS) Futures MNB ZZ All calendar spreads for 2 years SP
      4-1 year strips, 1 balance of year strip, 4 semi-annual strips, 3 years of quarterly strips SA
      3 years of quarterly strip spreads SB
      Mont Belvieu Ethylene (PCW) Financial Futures MBR ZZ All calendar spreads for 2 years SP
      3-1 year strips, 1 balance of year strip, 4 semi-annual strips, 3 years of quarterly strips SA
      3 years of quarterly strip spreads SB
      Mont Belvieu Spot Ethylene In-Well Futures MBE ZZ All calendar spreads for 2 years SP
      3-1 year strips, 1 balance of year strip, 4 semi-annual strips, 3 years of quarterly strips SA
      3 years of quarterly strip spreads SB
      Conway Natural Gasoline (OPIS) Futures A8L ZZ All calendar spreads for 2 years SP
      3-1 year strips, 1 balance of year strip, 4 semi-annual strips, 3 years of quarterly strips SA
      3 years of quarterly strip spreads SB
      PGP Polymer Grade Propylene (PCW) Financial PGG ZZ All calendar spreads for 2 years SP
      3-1 year strips, 1 balance of year strip, 4 semi-annual strips, 3 years of quarterly strips SA
      3 years of quarterly strip spreads SB

      In addition, the following Natural Gas Liquid futures will be expanded as follows:

      Listing Cycle Expansion for Natural Gas Liquid (NGL) Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Current Strategies New Strategies Tag 762-SecuritySubType
      Mont Belvieu LDH Propane (OPIS) Futures B0 GS All calendar spreads for 18 months All calendar spreads for 2 years SP
      2 yearly strips, 8 quarterly strips 4-1 year strips, 1 balance of year strip, 4 semi-annual strips, 3 years of quarterly strips SA
      -- 3 years of quarterly strip spreads SB
      Mont Belvieu Ethane (OPIS) Futures AC0 ZZ All calendar spreads for 18 months All calendar spreads for 2 years SP
      2 yearly strips, 8 quarterly strips 4-1 year strips, 1 balance of year strip, 4 semi-annual strips, 3 years of quarterly strips SA
      -- 3 years of quarterly strip spreads SB
      Mont Belvieu Normal Butane (OPIS) Futures AD0 ZZ All calendar spreads for 18 months All calendar spreads for 2 years SP
      2 yearly strips, 8 quarterly strips 4-1 year strips, 1 balance of year strip, 4 semi-annual strips, 3 years of quarterly strips SA
      -- 3 years of quarterly strip spreads SB

      These spreads will be made available for customer testing in New Release on Monday, June 19.

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

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      New New - Listing of Energy Inter-Commodity Strips for Inter-commodity Spreads - June 25

      Effective Sunday, June 25 (trade date Monday, June 26), energy inter-commodity strips (Tag 762-SecuritySub Type=XS) will be listed for trading on CME Globex for the following inter-commodity spreads.  

      Listing of Energy Inter-Commodity Strip for Inter-commodity Spreads
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Tag 762-SecuritySub Type Listing Cycle
      Natural Gas (Henry Hub) Last-day Financial Futures vs. UK NBP Natural Gas (USD/MMBtu) (ICIS Heren) Front Month Futures

       

      HH

       

      HX

       

      XS
      • 15 Quarter Strips
      • 3 Calendar Strips
      • 4 EU Summer Strips
      • 3 EU Winter Strips
      Natural Gas (Henry Hub) Last-day Financial Futures vs. NBP Natural Gas (USD/MMBtu) (ICIS Heren) Front Month Futures

       

      These strips will be available for customer testing in New Release on Monday, June 26.

      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  - July 9

      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 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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      European Power Financial Monthly Futures  - July 9

      Effective Sunday, July 9 (trade date Monday, July 10), German and Italian Baseload & Peakload Financial Monthly futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

      European Power Financial Monthly Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      German Power Baseload Calendar Month Futures DEB PW
      German Power Peakload Calendar Month Futures DEP PW
      Italian Power Baseload (GME) Calendar Month Futures ITB PW
      Italian Power Peakload (GME) Calendar Month Futures ITP PW

      These futures will be available for customer testing in New Release on Monday, June 19.

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

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      NBP and TTF Natural Gas Physically Delivered Monthly and Daily Futures  - July 9

      Effective Sunday, July 9 (trade date Monday, July 10), NBP and TTF Natural Gas Physically Delivered Monthly and Daily futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

      NBP and TTF Natural Gas Physically Delivered Monthly and Daily Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      UK NBP Natural Gas Calendar Month Futures UKG FD
      UK NBP Natural Gas Daily Futures NBD FD
      Dutch TTF Natural Gas Calendar Month Futures TTF FD
      Dutch TTF Natural Gas Daily Futures TTD FD

      These futures will be available for customer testing in New Release on Monday, June 19.

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

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      UpdateUpdate - Bursa Malaysia Derivatives Berhad (BMD) FX Futures - Q3 2017

      † Denotes update to the article

      Pending regulatory approvals, Bursa Malaysia Derivatives (BMD) will list the following FX futures for trading on CME Globex in late †Q3 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

      Resumption of Listing Cycle for Live Cattle Futures and Options - June 25

      Effective Sunday, June 25 (trade date Monday, June 26), the listing cycle for Live Cattle futures and options will resume on CME Globex, beginning with the October 2018 contract month.

      Live Cattle Futures and Options
      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

      Please see Special Executive Report.

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

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      New New - Listing European Seasonal Strips Spreads to Natural Gas (Henry Hub) Last-day Financial Futures  - June 25

      Effective Sunday, June 25 (trade date Monday, June 26), European Seasonal SA Strip and Balance strip spreads will be added to Natural Gas (Henry Hub) Last-day Financial Futures for trading on CME Globex.

      Listing European Seasonal Strips Spreads to Natural Gas (Henry Hub) Last-day Financial Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      tag 762-SecuritySub Type
      Natural Gas (Henry Hub) Last-day Financial Futures

       

      HH

       

      NG

       

      SA – SA Strip:

      • EU Summer (APR thru SEP)
      • EU Winter (OCT thru MAR)

      SB – Balanced Strip:

      • 2 EU Summer/Summer
      • 2 EU Winter/Winter
      • 3 EU Winter/Summer
      • 3 EU Summer/Winter

      These spreads will be available for customer testing in New Release on Monday, June 26.

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

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      New New - Changes to Non-Reviewable Ranges for Natural Gas and Crude Oil Options  - July 2

      Effective Sunday, July 2 (trade date Monday, July 3), the Non-Reviewable Ranges will be modified for following natural gas and crude oil options:

      Changes to Non-Reviewable Ranges for Natural Gas and Crude Oil Options
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Current Non-Reviewable Range New Non-Reviewable Range
      Daily Natural Gas Option KDB GZ The greater of the delta times the underlying futures' non-reviewable range or 20% of the fair value premium up to the underlying futures' non-reviewable range with a minimum reasonability of $0.05 The greater of the delta times the underlying futures' non-reviewable range or 20% of the fair value premium up to the underlying futures' non-reviewable range with a minimum reasonability of $0.025
      Henry Hub Natural Gas Calendar Spread (12 month) Options IZ ON
      Henry Hub Natural Gas Calendar Spread (2 month) Options IB ON
      Henry Hub Natural Gas Calendar Spread (3 month) Options AIC ON
      Henry Hub Natural Gas Calendar Spread (5 month) Options IE ON
      Henry Hub Natural Gas Calendar Spread (6 month) Options IM ON
      Henry Hub Natural Gas Financial Calendar Spread (1 month) Option G4X ON
      Henry Hub Natural Gas Financial Calendar Spread (3 month) Option G3B ON
      Henry Hub Natural Gas Financial Calendar Spread (4 month) Option G10 ON
      Henry Hub Natural Gas Financial Calendar Spread (6 month) Option G6B ON
      Natural Gas (Henry Hub) Last-day Financial 2 Month Spread Option AG2 ON
      Natural Gas (Henry Hub) Last-day Financial 5 Month Spread Option AG5 ON
      Natural Gas (Henry Hub) Last-day Financial 12 Month Spread Option AG7 ON
      Henry Hub Natural Gas Last Day Financial Option AE7 GZ
      Natural Gas Options ON ON
      Natural Gas Weekly Options ON# ON

      Natural Gas Weekly Financial Options

      LN# LG
      Natural Gas Calendar Spread Options IAY ON
      Natural Gas Option on Calendar Futures Strip A6J GZ
      Natural Gas Option on Summer Futures Strip A4D GZ
      Natural Gas Option on Winter Futures Strip A6I GZ
      Natural Gas European Options LNE LG
      Brent Calendar Spread (12 Month) Options AZ OT The greater of the delta times the underlying futures' non-reviewable range or 20% of the fair value premium up to the underlying futures' non-reviewable range with a minimum reasonability of $0.50 The greater of the delta times the underlying futures' non-reviewable range or 20% of the fair value premium up to the underlying futures' non-reviewable range with a minimum reasonability of $0.25
      Brent Calendar Spread (2 Month) Options AB OT
      Brent Calendar Spread (3 Month) Options AC OT
      Brent Calendar Spread (6 Month) Options AM OT
      Brent Calendar Spread (1 Month) Options AA OT
      Brent Crude Oil Last Day Financial Calendar Spread (12 Month) Options 9Y OT
      Brent Crude Oil Last Day Financial Calendar Spread (2 Month) Options 9B OT
      Brent Crude Oil Last Day Financial Calendar Spread (3 Month) Options 9D OT
      Brent Crude Oil Last Day Financial Calendar Spread (6 Month) Options 9L OT
      Crude Oil Financial Calendar Spread (2 Month) Options 7B LO
      Crude Oil Financial Calendar Spread (3 Month) Options 7C LO
      Crude Oil Financial Calendar Spread (6 Month) Options 7M LO
      Crude Oil Financial Calendar Spread (12 Month) Options 7Z LO
      Crude Oil Option on Calendar Futures Strip Options A6F LO
      Crude Oil Option on Quarterly Futures Strip Options A6E LO
      Daily Brent Crude Oil Option ODB OT
      Daily Crude Oil Calendar Spread (1 Month) Options DNM LO
      Daily Crude Oil Calendar Spread (2 Month) Options DTM LO
      Daily Crude Oil Options ICD LO
      WTI Average Price Options AAO LO
      WTI Crude Oil Calendar Spread Option (3 Month) WC LO
      WTI Crude Oil Calendar Spread Option (6 Month) AWM LO
      WTI Crude Oil Calendar Spread Option (12 Month) AWZ LO

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

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      Decommission of MexDer Order Routing Offering - August 25

      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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      Last Trading Date For CME Europe Limited (CMEEL) - August 30

      On Friday May 19, CME Europe Limited (CMEEL) advised members and other participants that the last trading date for all remaining Products listed on CMEEL will be August 30. Members with open positions after that last trading date will be closed out in accordance with CME Clearing Europe Rules and in accordance with the Planned Termination Event as described in CME Clearing Europe Notice 17-24.

      Additional information regarding this change can be found in the CME Europe Ltd Exchange Advisory Notice 17-014.

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      Events and Announcements

      New New - Contact your Exchange Clearing Member Firm and Brokers! Block Trades & EFRPs Change Monday, July 17, 2017

      If you currently transact or broker Block Trades or Exchange of Futures for Related Positions (EFRPs), please contact your Exchange Clearing Member Firm or broker to ensure that you are ready for the planned migration of Block Trade and EFRP trade submission to CME Direct or CME ClearPort.  Confirm your accounts are registered in CME Direct or CME ClearPort, credit limits are established and you or your clients have appropriate product permissions in place. Additionally, all brokers that execute on your behalf must be enabled with access to your account(s).  CME Direct and CME ClearPort currently support submission of all Block Trades and EFRPs, and we strongly encourage you to migrate your trade activity well in advance of the deadline.

      Effective Monday, July 17, 2017, all Block Trades and Exchange of Futures for Related Positions (EFRPs) transactions must be submitted via CME Direct or CME ClearPort. At the close of business on Friday, July 14, Front-End Clearing (FEC) and Front-End Clearing Plus (FEC+) will no longer support any Block or Exchange of Futures for Related Positions (EFRP) trade reporting or booking.

      For additional information, please contact the CME Global Command Center in the US at +1 800 438 8616, in Europe at +44 207 623 4747 or in Asia at +65 6532 5010 with any questions.

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