Trading and clearing firms have requested that CME make “test” products available on the CME Globex production environment, as a means of verifying production connectivity. Pursuant to these requests, CME will make available one “test” product on CME Globex.
The “test” product will be available in the pre-open state only, in the normal pre-open time from 4:45pm to 4:59pm Chicago time from Monday through Thursday, and from 4:00pm to 4:59pm on Sundays. No trade executions will occur. Trading firms may, however, use the test product to verify that they can place and cancel orders.
The “test” product code will be 0MD (zero followed by the letters MD), and the product will be defined as a clone of the E-mini S&P MidCap 400 futures contract, except that the margin rate will be specified as $1. The contract will be present in the daily SPAN file, settlement price file, and futures product reference file.
The test product will be available in CME’s “New Release” testing environment beginning on Sunday, June 14, and in the production environment beginning on Sunday, July 19.
Full details are available in CME Globex notices for June 8, at:
For more information please contact CME Clearing at 312-207-2525.
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