|Topics in this issue include:
|Critical System Updates|
Request for Cross on CME Globex
With this change, the Quote Request method for cross orders will no longer be supported on CME Globex.
Please note: legacy CBOT options remain ineligible for Cross orders on CME Globex.
In addition to the technical changes, the regulatory requirements and process will also change. More information is available in the Regulatory Advisory.
Cross order eligibility is defined in positions 789, RFC Eligible Flag, and 800, RFQ for Cross Eligible Flag. For more information please review the Cross Order section of the Options module of the iLink SDK.
These products with RFC eligibility will be available for customer testing in New Release Monday, April 21. Customer applications are required to certify for the New Order Cross message before submitting cross orders in production. Please contact your trading application provider for more information.
This release will be available for customer testing in New Release Thursday, May 1.
Detailed information on FIX/FAST 1.2 is available in the FIX/FAST 1.2 Client Impact Assessment.
These options will support User-Defined Spreads (UDS) functionality upon launch.
These products are currently available for customer testing in New Release and Certification.
Nonfarm Payroll Futures and Options
These new products will allow customers to directly manage exposure to the government labor number and offset positions in the financial markets.
Please note: these options are eligible for negative strike prices. More information on negative strike prices on the CME Globex platform is available online.
More information is available online.
Nonfarm Payroll futures and options are available for customer testing in Certification and New Release.
Delisting Monthly and Seasonal Frost Days Futures
There is no open interest in these contracts. CME Group will re-list these products, with the same product and clearing codes but refined contract specifications, in the near future.
Calendar Spreads for Uranium Futures
These future calendar spreads are available for customer testing in New Release.
User-Defined Spreads for KCBT and MGEX Options
UDS functionality for these products will be enabled for customer testing in New Release this Monday, April 21.
Euroyen TIBOR Futures Packs and Bundles Algorithm Indicator Change
The Matching Algorithm Indicator can be found in the Instrument Creation (MO) message, position 685.
This change is available for testing in New Release.
NASDAQ-100 and E-mini NASDAQ-100 Options Strike Range Changes
These new strikes are currently available for customer testing in New Release.
Book Depth Change for U.S. Treasury, Swap and Fed Fund Options
This change will impact both the FIX/FAST- and RLC-format market data books. The complete list of impacted products is available below.
For FIX/FAST, this change will result in a move to the incremental book management style from the current overlay style, as reflected in tag 279 MDUpdateAction in the Market Data Incremental Refresh message (tag 35=X). Valid values for this tag will now include 0 (New), 1 (Change) and 2 (Delete).
The book depth for every instrument on CME Globex is detailed in tag 264 MarketDepth in the Security Definition (tag 35=d). CME Group strongly recommends customer applications utilize tag 264 to identify the supported instrument book depth level dynamically. CME Group also recommends all customer applications should be designed to leverage all possible values for tag 279 MDUpdateAction in the Market Data Incremental Refresh message (tag 35=X) for all markets and channels, to minimize the impact of future book depth changes.
The FIX/FAST Software Development Kit, including details on book management in the Core Functionality module, is available online. Please contact Customer Support for Electronic Trading (CSET) at 312.930.2322 for development assistance.
This book depth change is now available for customer testing in New Release.
Eurodollar Options Strategies on CME Globex
This is the process currently in place for Equity options strategies. The new elimination process only applies to Eurodollar options strategies; there is no change for option outrights, futures or future spreads.
Any orders submitted for a eliminated strategy instrument will be rejected by CME Globex.
CME Group recommends all customers purge and re-load their instrument databases weekly from the FIX/FAST Security Definition or RLC Instrument Creation (MO) market data messages every week. There is no impact for customers who follow this recommendation; by completing a weekly refresh you will capture the current listed instruments. Please contact your front-end system provider for more information.
This change is currently implemented in New Release.
Butterfly and Condor Spreads for KCBT and MGEX Futures
These new futures spreads will be available in New Release for customer testing Monday, May 5.
|Events & Announcements|
CME Globex Disaster Recovery Program
CME Group offers two programs for business continuity testing: CME Globex DR Connectivity testing and Simulated CME Globex DR testing.
The CME Globex DR Connectivity testing, conducted monthly, is designed to ensure that customers can establish a connection to the DR environment in case of an emergency. Customers are required to register in advance to participate by e-mail. Disaster Recovery IPs and ports will be distributed by your CME Globex Account Manager in the near future.
Complete information on the CME Group business continuity program and the CME Globex DR Connectivity testing, including testing session dates, is available online.
Cancel on Disconnect Available Now!
Drop Copy Available Now!
This important service will be available without charge through Q2 2009. Beginning in Q3 2009, a monthly support charge will be assessed to cover the cost for this service. As a result, we anticipate that fees will be tiered based upon the number of iLink source sessions requested.
Drop Copy is currently available in New Release for customer testing. A brief certification via AutoCert+ is mandatory to access Drop Copy in production.