• CME Globex Notices: July 3, 2017

      • To
      • CME Globex and Market Data Customers
      • From
      • Global Market Solutions & Services (GMSS)
      • #
      • 20170703
      • Notice Date
      • 03 July 2017
      • Effective Date
      • 06 July 2017
    • Topics in this issue include:

    • Critical System Updates

      Market Segment Decommission for CME and CBOT Products  - This Week

      As a result of the Market Segment Changes for CME and CBOT Products, starting Friday, July 7, the following Market Segment Gateways will be decommissioned in the New Release and Production environments as follows.

      Market Segment Decommission for CME and CBOT Products
      Tag 1300-Market SegmentID Market Segment Gateway Production New Release
      62 CME FX Futures July 21

      July 7

      66 CBOT Equity Futures

      Attempts to connect to these gateways following decommission will be ignored. The new MSGW and Drop Copy 4.0 config.xml files will be updated prior to the open for each environment change.

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      Streamlined FIX/FAST Decommission  - This Week

      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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      Eris Exchange Streamlined SBE Enhancements - This Week

      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 oCert+ 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

      Market Data Dissemination of Intraday Settlements Prices - This Week

      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 23

      † Denotes update to the article

      Starting Sunday, July 23, 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.

      Risk Administrators are encouraged to register and set limits in all products starting Sunday, July 23. Please review the complete ICC enforcement schedule.

      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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      NewNew - Request for Cross for Volatility-Quoted Options - August 6

      Effective Sunday, August 6 (trade date Monday, August 7), pending all relevant regulatory review periods, CME Globex will allow the Request for Cross (RFC) for the following CME FX Volatility-Quoted Options(VQO) products:

      Request for Cross for Volatility-Quoted Options
      Product Maturity Tag 1151-SecurityGroup Tag 6937-Asset
      Australian Dollar Monthly 3A VXA
      Weekly VAA-VAE
      Japanese Yen Monthly 3Y VXJ
      Weekly VJA-VJE
      British Pound Monthly B3 VXB
      Weekly VBA-VBE
      Swiss Franc Monthly 3S VXS
      Weekly VSA-VSE
      Canadian Dollar Monthly 3C VXC
      Weekly VCA-VCE
      Euro FX Monthly 3E VXT
      Weekly VTA-VTE

      With this change, Globex Cross will no longer be allowed on VQO products. VQO products will be eligible for:

      • Agency Cross on CME Direct
      • Committed Cross with 50 % BPM
        • Please note that the BPM percentage to the CME FX Premium-Quoted Options (PQO) products will remain the same at 20%.

      This change will be available for customer testing in New Release on Monday, July 17.

      Detailed information including functionality and messaging for Cross is available in the Client Systems Wiki.

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      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 is currently available for customer testing in New Release on.

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      UpdateUpdate - Rounded Intraday Settlement Prices - August 27

      † Denotes update to the article

      Effective Sunday, August 27 (trade date Thursday, August 31), to provide additional information on intraday settlement prices, CME Group will publish rounded intraday settlements for E-mini S&P 500 futures, in addition to the unrounded prices available today. Rounded intraday settlements are flagged with tag 731=SettlPriceType where bit 2=1 and bit 3=1.

      Market Data Dissemination of Equity Intraday Rounded 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

      With this change, customers will receive both a rounded and unrounded intraday settlement message. Intraday Settlement Prices are published on the last trading day of the calendar month for E-mini S&P 500 contracts. These prices are sent while the trading session is still active and represent a snapshot valuation of the settlement price at the time that they are published.

      The new prices will be available for customer testing in New Release on Monday, July 17. To test tag 731-SettlPriceType (bits 2 and 3) 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 tag 731-SettlPriceType is documented in the Client Systems Wiki.

      Please Note: The rounded intraday settlement prices will also be published via ITC Channel 3.

      ITC Floor Feed testing is not available in New Release. Customers consuming ITC messages can use the following examples for customer testing.

      ITC Feed Market Data Dissemination of Equity Intraday Rounded Settlements Prices
      ITC Channel Description ITC Feed Channel
      CME Open Outcry 3
      Examples of the rounded and unrounded messages published
      on the final day of the month:
      Settlement Message Type
      <SOH>M   FQ S00075081500550 <STX> SP  H18EH182
      0243720+TWS                        S<ETX>
      Futures Intraday Unrounded Settlement
      <SOH>M   FQ S00075241500570 <STX> ES  H18EH182
      0243725+TWS                        S<ETX>
      Futures Intraday Unrounded Settlement
      <SOH>M   FQAS00075251500570 <STX> ES  H18EH182
      0243720+TWS                        S<ETX>
      Futures Intraday Rounded Settlement

      This change does not impact ITC Future Unrounded Settlement for the S&P 500 Futures. 

      The ITC Market Data Message specification for pricing is documented in the Client Systems Wiki.

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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 omatically 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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      Self-Match Prevention Enhancements - September 24

      Effective Sunday, September 24 (trade date Monday, September 25) CME Group will launch enhancements to CME Globex Self-Match Prevention (SMP). SMP is optional functionality that allows market participants to prevent the matching of orders for accounts with common ownership if both the buy and sell orders contain the same SMP ID and Globex Firm ID.

      With these enhancements, iLink customers will have the ability to configure SMP functionality across multiple Globex Firm IDs within or across clearing firms. Upon this release, orders submitted with unregistered SMP IDs will be rejected. CME Globex will send a Session Level Reject (tag 35-MsgType=3) message including tag 58=<Reject Reason>. All Good 'Till Cancel (GTC) and Good 'Till Date (GTD) orders with unregistered SMP IDs must also be updated to use a registered SMP ID by the close on the Friday before launch. Any remaining GT orders with unregistered SMP IDs will be eliminated at Sunday start-up on launch weekend.

      The Firm Administrator Dashboard interface will continue to be used to request new SMP IDs but will be enhanced to allow existing SMP IDs to be modified to support additional Globex Firm IDs.

      Detailed information, including the launch schedule, is available in the Client Impact Assessment.

      The new SMP enhancements will be available for customer testing in New Release on Monday, July 10. Customer certification is not required, but CME Group strongly recommends all system providers test these changes thoroughly in New Release.

      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

      E-mini Russell 2000 Index Futures and Options  - This Week

      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  - This Week

      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 are currently 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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      NBP and TTF Natural Gas Physically Delivered Monthly and Daily Futures  - This Week

      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 are currently 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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      Futures-Style Margined Coal Options  - This Week

      Effective Sunday, July 9 (trade date Monday, July 10), Futures-Style Margined Coal options will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

      Futures-Style Margined Coal 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)
      Combo MDP 3.0: tag 6937-Asset Combo iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Coal (API 2) cif ARA (Argus/McCloskey) Future-Style Margined Option on Calendar Futures Strip F2C EF EX F2M 08 (zero 8)
      Coal (API 2) cif ARA (Argus/McCloskey) Future-Style Margined Option on Quarterly Futures Strip F2Q EF EX F2B 08 (zero 8)
      Coal (API 4) fob Richards Bay (Argus/McCloskey) Future-Style Margined Option on Calendar Futures Strip F4C EF EX F4M 08 (zero 8)
      Coal (API 4) fob Richards Bay (Argus/McCloskey) Future-Style Margined Option on Quarterly Futures Strip F4Q EF EX F4B 08 (zero 8)

      These futures are 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 NYMEX.

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      Micro Coal Futures  - This Week

      Effective Sunday, July 9 (trade date Monday, July 10), Micro Coal (API 5) fob Newcastle (Argus/McCloskey) futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

      Micro Coal Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Micro Coal (API 5) fob Newcastle (Argus/McCloskey) Futures M5F CO

      The Micro Coal futures will be available for customer testing in New Release on Monday, June 26.

      Please see New Product Summary.

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

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      North American Crude Grades Options  - July 23

      Effective Sunday, July 23 (trade date Monday, July 24), North American Crude Grades Options will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

      North American Crude Grades 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)
      LLS (Argus) vs. WTI Trade Month Average Price Option

       

      E5O EF EX
      WTI Houston (Argus) vs. WTI Trade Month Average Price Option HTO EF EX
      WTI Houston (Argus) vs. WTI Calendar Month Average Price Option HIO EF EX
      Mars (Argus) vs. WTI Trade Month Average Price Option YVO EF EX
      Mars (Argus) vs. WTI Calendar Month Average Price Option YXO EF EX
      WTI Midland (Argus) vs. WTI Trade Month Average Price Option WTO EF EX
      WTI Midland (Argus) vs. WTI Calendar Month Average Price Option FFO EF EX
      WTS (Argus) vs. WTI Trade Month Average Price Option FHO EF EX
      WTS (Argus) vs. WTI Calendar Month Average Price Option WSO EF EX

      These options will be available for customer testing in New Release on Monday, July 10.

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

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      Treasury Futures Inter-commodity Ratio Spread  - July 23

      Effective Sunday, July 23 (trade date Monday, July 24), CME Group will add a new 2-Year T-Note Futures vs. 5-Year T-Note Futures inter-commodity ratio spread on CME Globex. The spread will have a 3:2 spread and leg pricing ratio, as reflected in Security Definition (tag 35-MsgType=d) messages tag 5570-Price Ratio. This spread will be similar to other Treasury futures yield curve inter-commodity spreads with pricing on a net change basis and implied pricing.  Both legs of the initial version will use the September 2017 contracts: ZTU7 and ZFU7.

      Treasury Futures Inter-commodity Ratio Spread
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Tag 762-SecuritySubType
      2-Year T-Note Future vs. 5-Year T-Note Futures intercommodity spread TAF IV IV

      This spread will be available for customer testing in New Release on Monday, July 10.

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

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      Australian Wheat FOB (Platts) Futures  - July 23

      Effective Sunday, July 23 (trade date Monday, July 24), Australian Wheat FOB (Platts) Futures will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.

      Australian Wheat FOB (Platts) Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Australian Wheat FOB (Platts) Futures AUW AH

       

      These futures will be available for customer testing in New Release on Monday, July 10.

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

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      NewNew - Crude Oil Inter-Commodity Spreads - July 23

      Effective Sunday, July 23 (trade date Monday, July 24), the following Crude Oil Inter-Commodity and Energy Inter-Commodity Strips spreads will be listed for trading on CME Globex.

      Crude Oil 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
      Mars (Argus) vs. WTI Financial Futures vs. Brent Financial Futures AYX CC IS 12 monthly spreads and the next June and December spreads
      Mars (Argus) vs. WTI Financial Futures vs. Brent Financial Futures AYX CC XS 4 quarterly spreads
      WTI Houston (Argus) vs. WTI Trade Month Futures vs. WTI Midland (Argus) vs. WTI Trade Month Futures HTT CC IS 12 monthly spreads and the next June and December spreads
      WTI Houston (Argus) vs. WTI Trade Month Futures vs. WTI Midland (Argus) vs. WTI Trade Month Futures HTT CC XS 4 quarterly spreads
      WTI Houston (Argus) vs. WTI Trade Month Futures vs. Argus LLS vs. WTI (Argus) Trade Month Futures HTT CC IS 12 monthly spreads and the next June and December spreads
      WTI Houston (Argus) vs. WTI Trade Month Futures vs. Argus LLS vs. WTI (Argus) Trade Month Futures HTT CC XS 4 quarterly spreads
      Mars (Argus) vs. WTI Trade Month Futures vs. Argus LLS vs. WTI (Argus) Trade Month Futures AYV CC IS 12 monthly spreads and the next June and December spreads
      Mars (Argus) vs. WTI Trade Month Futures vs. Argus LLS vs. WTI (Argus) Trade Month Futures AYV CC XS 4 quarterly spreads
      LLS (Argus) vs. WTI Financial Futures vs. Mars (Argus) vs. WTI Financial Futures AWJ CC IS 12 monthly spreads and the next June and December spreads
      LLS (Argus) vs. WTI Financial Futures vs. Mars (Argus) vs. WTI Financial Futures AWJ CC XS 4 quarterly spreads
      WTI Houston (Argus) vs. WTI Financial Futures vs. WTI-Brent Financial Futures HIL CC IS 12 monthly spreads and the next June and December spreads
      WTI Houston (Argus) vs. WTI Financial Futures vs. WTI-Brent Financial Futures HIL CC XS 4 quarterly spreads

      These spreads will be available for customer testing in New Release on Monday, July 17.

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

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

      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

      UpdateUpdate - Changes to Non-Reviewable Ranges for Natural Gas and Crude Oil Options  - July 30

      † Denotes update to the article

      Effective Sunday, July 30 (trade date Monday, July 31), 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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      Listing Cycle Expansion for Crude Grade Futures -Sunday, July 23

      Effective Sunday, July 23 (trade date Monday, July 24), the listing cycle for the following Crude Grade Futures will be expanded on CME Globex.

      Listing Cycle Expansion for Crude Grade Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Current Listing Schedule New Listing Schedule
      WTI Midland (Argus) Trade Month Futures WTI CC 30 consecutive months Current year plus the next 5 calendar years
      WTS (Argus) Financial Futures WTS CC 30 consecutive months Current year plus the next 5 calendar years
      WTI Midland (Argus) vs. WTI Trade Month Futures WTT CC 30 consecutive months Current year plus the next 5 calendar years
      WTS (Argus) vs. WTI Financial Futures WTA CC 30 consecutive months Current year plus the next 5 calendar years

      These changes will be available for customer testing in New Release on Monday, July 10.

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

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      Listing Cycle Expansion for Electricity Capacity Futures - July 23

      Effective Sunday, July 23 (trade date Monday, July 24), the listing cycle for the following Electricity Capacity futures will be expanded on CME Globex.

      Listing Cycle Expansion for Electricity Capacity Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Current Listing Schedule New Listing Schedule
      NYISO NYC In-City Capacity Calendar-Month Futures NCC RF Monthly contracts listed for the current season (May-Oct and Nov-Apr) plus the next 3 seasons. Monthly contracts for a new season will be added following the termination of trading in the last monthly contract of the current season. The current year and the next three (3) consecutive calendar years. At the expiration of the December contract month, a new, full year shall be added
      NYISO Rest of the State Capacity Calendar-Month Futures NRR ZZ Monthly contracts listed for the current season (May-Oct and Nov-Apr) plus the next 4 seasons. Monthly contracts for a new season will be added following the termination of trading in the last monthly contract of the current season. The current year and the next three (3) consecutive calendar years. At the expiration of the December contract month, a new, full year shall be added

      These changes will be available for customer testing in New Release on Monday, July 10.

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

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      Implied Functionality on Crude and Refined Energy Futures Butterflies  - August 6

      Effective Sunday, August 6 (trade date Monday, August 7), implied functionality will be enabled for Crude and Refined Energy Butterflies in the first 12 months plus June and December for two additional years. Butterflies are identified with “BF” in tag 762-SecuritySubType in the MDP 3.0 Security Definition (tag 35-MsgType=d) message.

      Implied Functionality on Crude and Refined Energy Futures Butterflies
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Light Sweet Crude Oil Futures CL CL
      RBOB Gasoline Futures RB CL
      NY Harbor ULSD Futures HO CL
      Brent Last Day Financial Futures BZ OP
      DME Oman Crude Oil Physically Settled Futures OQD DE

      Implied functionality on these spreads will be available for customer testing in New Release on Monday, July 10.

      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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      NewNew - Group Code Change E-mini S&P 500 Options  - August 27

      Effective Sunday, August 27 (trade date Monday, August 28), the E-mini S&P 500 Options group codes will change for the following products:

      Group Code Change S&P 500 Options
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      New
      MDP 3.0 tag 1151 - Security Group
      E-mini S&P 500 Options ES EZ EW
      E-mini S&P 500 Wednesday Weekly Options E1C- E5C EK EW
      S&P 500 Wednesday Weekly Options S1C- S5C SW OS

      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 products by the close on the Friday, August 25.  After 16:00 CT on Friday, August 25 any remaining GT orders on UDS will be cancelled by the CME Global Command Center (GCC). GT orders on outright options will not be impacted.

      These options will be available for customer testing in New Release on Monday, August 7.

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

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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

      Messaging Efficiency Program Q3 2017 Benchmarks  -  Available

      The Q3 2017 CME Globex Messaging Efficiency Program Product Group Benchmarks are now available. No changes were made to Q3 2017 Product Group Benchmarks vs. Q2 2017. Product Group Benchmarks and Product Group Benchmark Ratios are published quarterly, unless business circumstances for a particular product or product group require changes to be implemented more frequently.

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

      CME Globex firms who exceed the benchmark ratios in applicable product groups and are signed-up accordingly, receive email notifications of any potential surcharges and CME Globex firms who have access to the Firm Administrator Dashboard have the ability to view their messaging statistics on a T+1 basis.

      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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      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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