|Topics in this issue include:
|Critical System Updates|
Final Mock Trading Session!
Customers participating in this Saturday's mock trading session are requested to call into the conference bridge at 866.548.4703, passcode 584529, to receive important updates and information during the session.
CME Group Contact Information
Early Entry for Good-Till Orders
Any resting GTC and GTD orders for CBOT Interest Rate products will be removed from e-cbot at 4:20 p.m. CT on Friday, January 25, before their migration to CME Globex.
The schedule for the extended futures pre-open for entering GTC/GTD orders is:
Please note that due to the code conflict for the 30-Year Interest Rate Swap futures, these products will not be available for the extended pre-open on Friday. Customers may enter GTC and GTD orders for the 30-Year Interest Rate Swap futures during the Sunday extended pre-open.
More information, and the complete list of products scheduled to launch on January 27, is available in the Client Impact Assessment.
CBOT Integration Resources
FIX/FAST Channel Definitions
The Market Data Configuration Service is currently available and allows customers to receive the information via XML file(s) from the ftp://cme.com/fix/ Web site, with all the Market Data Platform channel information (multicast IP, product group and ISIN served) for FIX/FAST.
More information on the Market Data Configuration Service is available in the Core Functionality module of the FIX/FAST SDK, Section 184.108.40.206.
Please note: there is no change for the RLC and ITC2.1 format market data channel definition tables.
Changes to Instrument Creation (MO) Replay Channels
The new MO Replay channels on the Market Data Platform, introduced in November 2007, allow customers to listen only to the MO messages for which they receive market data. With these new channels, every product RLC data channel (e.g., channel 7, Equity futures; channel 8, Equity options, etc.) now has a dedicated MO Replay channel.
Please note, these changes only affect the RLC-format channels. There are no changes to the ITC 2.1-format channels.
The new MO Replay channels are currently available in New Release, Certification and production. The channel definition tables are available online for Certification and New Release, and for production.
Volatility-Quoted Options Launch
Volatility-quoted options support delta-neutral trading, which virtually eliminates the execution risk inherent to trading premium price options. The volatility-quoted options will utilize the existing FX options and futures products.
All of the volatility-quoted options suite, including all maturities in the American- and European-style, and Straddle, Strangle and Vertical strategies, are currently available in the New Release environment for customer testing.
Customers can now certify for volatility-quoted options in New Release via AutoCert+. This brief certification is mandatory for all systems that will provide trading access to these options.
More information on these new products and the associated messaging and functionality enhancements is available in the Volatility-Quoted Options Client Impact Assessment.
NYMEX MACI and Backwardation-Contango Index Futures Launch
More information on the MACI and Backwardation-Contango products is available from NYMEX Product Marketing at 212.299.2301.
These instruments will be available for customer testing in New Release this Tuesday, January 29.
NYMEX Seventh Month Crude Oil TAS Launch
The seventh month contract (e.g., the August 2008 maturity) will be listed initially with an expiration date in February and re-listed in June as the third contract month, with the new expiration date in July. The contract will be re-listed with the same Complete Instrument Code but different CME Globex Internal IDs.
More information on the seventh month Crude Oil TAS contracts is available from NYMEX Product Marketing at 212.299.2301.
This instrument will be available for customer testing in New Release this Tuesday, January 29.
New CBOT Interest Rate Electronic Trading Hours
Changes in CBOT Interest Rate Option Spread Strategy Conventions
Block Trading for Legacy CBOT Interest Rate Products
Block trades in Interest Rate Swap futures continue to be permitted subject to the thresholds below.
New 30-Year Interest Rate Swap Product Code
Futures trading is not suitable for all investors, and involves risk of loss. Futures are a leverage instrument, and because only a percentage of a contract's value is required to trade, it is possible to lose more than the amount of money initially deposited for a futures product.