• CME Globex Notices: April 9, 2018

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      • CME Globex and Market Data Customers
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      • Global Markets Solutions and Services
      • #
      • 20180409
      • Notice Date
      • 12 April 2018
    • Critical System Updates

      TCP Recovery Performance Improvement for CME Globex and Streamlined Production Environments - April 20

      CME Group implemented load balancing for MDP 3.0 and Streamlined TCP Recovery to improve performance during high utilization periods. To support this change, new Historical Replay IPs and ports were introduced for MDP 3.0 for CME Globex and Streamlined production environments.

      The new IPs and ports for Historical Replay are currently available in the config_20180422.xml file for customer download. The legacy IP and ports will continue to be available in parallel until close of business on Friday, April 20

      On Sunday, April 22 (trade date Monday, April 23), the new IP and ports will be added to the production config.xml file.

      Please note: Backup IP addresses will be eliminated.

      TCP Recovery Performance Improvement for CME Globex and Streamlined Production Environments
      Feed Legacy IP and Port New IP and Port
      CME Globex 205.209.220.72:10000
      205.209.222.72:10000
      205.209.218.10:10000
      Streamlined 205.209.222.61:9000
      205.209.220.61:9000
      205.209.218.10:9000

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      MDP 3.0 Performance Enhancements - April 22

      On Sunday, April 22 (trade date Monday, April 23), CME Group will continue performance improvements on the following CME Globex MDP 3.0 channels. In internal testing, these enhancements improved MDP 3.0 performance up to 60%.

      These enhancements will not impact iLink order routing or market structure dynamics.

      MDP 3.0 Performance Enhancements
      Launch Date Impacted MDP 3.0 Channels
      April 22 CBOT Globex Interest Rate Futures – 344
      CME Globex FX Futures – 314
      CME Globex FX Options – 315
      May 6 CME Globex Interest Rate Futures – 312
      CBOT Globex Interest Rate Futures II – 348
      May 20 CME Globex FX Futures II – 320
      CME Globex FX Options II – 321
      NYMEX Globex Crude & Crude Refined Futures – 382
      DME Globex Futures - 440

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      UpdateUpdate - CME Globex API Secure Logon – iLink and Drop Copy  - Q1 2018

      † Denotes update to the article

      CME Group is committed to our customers’ information security. To ensure the highest levels of security, CME Group has launched the CME Globex API Secure Logon in Q1 2018 to harden iLink and Drop Copy 4.0 session authentication.

      The new Secure Logon is in production and will be supported in parallel with the current model without surcharges until Friday, April 27. Customers are strongly encouraged to make the change before the end of April to ensure no business interruption. Any iLink or Drop Copy Target sessions that connect using plain text password after April 27 will be subject to surcharges as follows:

      • Sunday April 29 – Friday June 1: $100/session/month
      • Sunday June 3 – Friday June 29: $500/session/month

      Only Secure Logons will be supported starting Sunday, July 1.

      The Client Impact Assessment provides more detailed process and messaging information.

      CME Group will offer a CME Globex API Secure Login mock trading session on Saturday, April 21 for iLink and Drop Copy. This mock trading session will offer customers the opportunity to interact with the system and experience the new logon procedure in the CME Globex production environment. Customers can logon between 7:30 a.m. - 10:00 a.m. Central Time (CT) only. You will need to reset your Message Sequence number to “1” for the mock trading session and again prior to the beginning of week logon. iLink and Drop Copy session information will not have to be supplied for this mock trading session.  If you experience any issues during the mock, please contact the Global Command Center (GCC) for assistance at +1 800 438 8616. Phone support will be available from 7:30 a.m. - 10:00 a.m. (CT). 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 that customers are required to register in advance in order to participate in the iLink mock trading session.

      A new iLink and Drop Copy certification suite is currently available in AutoCert+. iLink and Drop Copy 4.0 customer systems must complete this mandatory certification.

      The CME Globex API Secure Logon is now available for customer testing 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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      New New - CME FX Link Security Definition Update - April 29

      On Sunday, April 29 (for trade date Monday, April 30), CME Group will update the CME FX Link spot leg Security Definition messages (tag 35-MsgType=d) with tag 872-InstAttrbValue bit 10- Negative Price Eligibility and bit 14- Zero Price Eligible with the value of 1 to provide customers additional instrument information.

      Product Name MDP 3.0 tag 6937-Asset iLink tag 55-Symbol
      MDP3.0 tag 1151-SecurityGroup
      Euro / US Dollar Spot FX EURUSD 02 (Zero-2)
      US Dollar / Canadian Dollar Spot FX USDCAD 02 (Zero-2)
      British Pound / US Dollar Spot FX GBPUSD 01 (Zero-1)
      Australian Dollar / US Dollar Spot FX AUDUSD 01 (Zero-1)
      US Dollar / Japanese Yen Spot FX USDJPY 01 (Zero-1)
      US Dollar / Mexican Peso Spot FX USDMXN 02 (Zero-2)

      These changes will be available in New Release for customer testing on Monday, April 16.

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      Price Precision Extension - 2018

      Starting Sunday, July 1, the supported decimal price precision for CME Globex and streamlined blocks SBE market data will be increased from 7 to 9 decimals to provide greater price granularity for future launches.

      In Q4 2018, in conjunction with the price precision update, pending regulatory approval, the minimum price increment (MPI) for the 2 Year Treasury Note futures, future spreads and inter-commodity spreads will be reduced from 1/4th of 1/32nd (0.0078125) to 1/8th of 1/32nd (0.00390625). As a result, the maximum price precision will increase from 7 to 8 decimals.

      Price Precision Timeline:

       

      For complete updated rollout information and dates, refer to Key Events and Dates in the Client Impact Assessment.

      The Client Impact Assessment includes additional information on the following:

      • CME Globex iLink
      • CME Globex MDP3
      • Streamlined MDP
      • ITC
      • CME Globex Drop Copy
      • Referential Data

      These changes will be available in New Release for customer testing starting Monday, April 22.

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      New Functionality

      UpdateUpdate - CME SOFR Futures and Spreads  - May 6

      † Denotes update to the article

      Effective Sunday, May 6 (trade date Monday, May 7), the following CME SOFR futures and standard intra-commodity spreads will be listed for trading on CME Globex and for submission for clearing via CME ClearPort.   

      SOFR Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      MDP 3.0 Market Data Channel New Release
      3-Month SOFR Futures SR3 SS 312 Available
      1-Month SOFR Futures SR1 SS 312 Available

      †Spread type FS will be not be listed in production for the 1-Month SOFR futures and will be removed from New Release on Monday, April 23.

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

      Customers should note the named month (e.g., SR3K8) in the external name in MDP 3.0 tag 55-Symbol and iLink tag 107-SecurityDesc does not reflect the last trade date. The instrument last trade date can be found by leveraging FIX tags 865=7 (Last eligible trade date) and 1145-EventTime in the Security Definition (tag 35-MsgType=d) message. As a reminder, CME Group does not recommend parsing the external instrument name to determine instrument characteristics.

      The following inter-exchange and inter-commodity spreads will also be listed for trading on CME Globex.

      SOFR Inter-Commodity Futures Spreads
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Future Tag 762-SecuritySubType MDP 3.0 Market Data Channel New Release
      3-Month SOFR vs. Eurodollar Inter-Commodity Spread SR3 SS IS 312 Available
      1-Month SOFR vs. 30-Day Fed Funds future Inter-Exchange Spread SR1 SY IS 312 Available
      1-Month SOFR vs. 3-Month SOFR future Reduced Tick Inter-Commodity Ratio Spread SR1 SS EF 312 April 9
      30-Day Fed Funds futures vs. 3-Month SOFR Reduced Tick Inter-Exchange Ratio Spread ZQ SY EF 348 April 9

      Strategy type IS and EF supports inter- and intra-exchanges and products.

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      Implied Functionality on Eurodollar Serial Months - May 6

      Effective Sunday, May 6 (trade date Monday, May 7), implied functionality will be enabled for all serial Eurodollar futures and calendar spreads on CME Globex.

      This 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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      Product Launches

      Soybean Crush Options  - April 22

      Effective Sunday, April 22 (trade date Monday, April 23), Soybean Crush Options will be listed for trading on CME Globex.

      Soybean Crush Options
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Market Data Channel
      Soybean Crush Options BCE SV; UDS – SW 341

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

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

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      Product Changes

      Implied Functionality Disabled on Zinc Futures - April 22

      Effective Sunday, April 22 (trade date Monday, April 23), implied functionality will be disabled for all serial Zinc futures and spreads on CME Globex.

      Implied Functionality Disabled on Zinc Futures
      Product MDP 3.0: tag 6937-
      Asset
      iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Zinc Futures ZNC ZX

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

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

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      Listing Cycle Expansion for Gold and Silver TAS - April 22

      Effective Sunday, April 22 (trade date Monday, April 23), the listing cycle for the following Gold and Silver TAS will be expanded on CME Globex.

      Gold and Silver TAS
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Current Listing Schedule New Listing Schedule
      Gold TAS GCT TG First Active Month
      (February, April, June, August, December)
      First 2 Active Months
      Silver TAS SIT MT First Active Month
      (March, May, July, September, December)
      First 2 Active Months

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

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

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      Listing Cycle Expansion for Crude Oil BALMO Futures - April 22

      Effective Sunday, April 22 (trade date Monday, April 23), the listing cycle for the following crude oil BALMO futures will be expanded on CME Globex.

      Crude Oil BALMO 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
      Brent Crude Oil BALMO Futures AJ9 BB One month and the following month for 10 business days prior to the start of the contract month Monthly contracts shall be listed for three (3) consecutive months. Add a new contract month after the nearby expiry
      Dated Brent (Platts) BALMO Futures DBB BB One month and the following month for 10 business days prior to the start of the contract month Monthly contracts shall be listed for three (3) consecutive months. Add a new contract month after the nearby expiry
      Dated Brent (Platts) to Frontline Brent BALMO Futures AFE BB One month and the following month for 10 business days prior to the start of the contract month Monthly contracts shall be listed for three (3) consecutive months. Add a new contract month after the nearby expiry

      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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      New New - Changes to Henry Hub Natural Gas Futures  - April 22

      Effective Sunday, April 22 (trade date Monday, April 23), Henry Hub Natural Gas Look-Alike Last Day Financial futures butterfly spreads will be available on CME Globex. With this change, the listing cycle will be extended for the Henry Hub Natural Gas futures as follows:

       

      Changes to Henry Hub Natural Gas Futures
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Current Spread Listing New Spread Listing Tag 762-
      SecuritySubType
      Henry Hub Natural Gas Futures NG NG 10 Consecutive Months 22 Consecutive Months BF (Butterfly)
      Henry Hub Natural Gas Look-Alike Last Day Financial Futures HH NG -- 22 Consecutive Months BF (Butterfly)

      These spreads 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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      New New - Change to Minimum Price Increment for Palladium Futures and Options  - May 6

      Effective Sunday, May 6 (trade date Monday, May 7), the minimum price increment tag 969-MinPriceIncrement will be changed for the following.

      Palladium Futures and Option
      Product MDP 3.0: tag 6937-Asset iLink: tag 55-Symbol
      MDP 3.0 tag 1151 - Security Group
      Current tag 969 - MinPriceIncrement New tag 969 - MinPriceIncrement
      Palladium Futures PA PD 0.05 0.10
      Palladium Option PAO P3 0.01 0.10

      These changes will be available for customer testing in New Release on Monday, April 23.

      To facilitate the change, customers are asked to cancel all Good ‘Till Cancel (GTC) and Good ‘Till Date (GTD) orders after the close on Friday, May 4. After 16:00 CT on Friday, May 4 all remaining GT orders for this future will be cancelled or deleted by the CME Global Command Center (GCC).

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

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      Listing Cycle Changes and Delisting of E-mini Nifty 50 Index Futures - June 28

      On Monday, February 26, the E-mini Nifty 50 Index futures September 2018 and December 2018 contract months were removed from CME Globex.  With this change, the June 2018 contract will be the last available contract month listed for trading. Following the expiration of the June 2018 contract month, on Thursday, June 28, E-mini Nifty 50 Index futures will be delisted and removed from CME Globex at the close of business.

      Listing Cycle Changes and Delisting of E-mini Nifty 50 Index 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
      E-mini Nifty 50 Index Futures MNF FN Four months in the March Quarterly Cycle and two nearest serial months Monthly contracts listed up to and including June 2018

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

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