|Topics in this issue include:
|Critical System Updates|
Order Status Enhancements
A Client Impact Assesment is now available with detailed information. CME Group strongly recommends all front-end trading systems completely test the enhanced order status messaging in New Release, available now.
New Weather Futures on CME Globex
In addition, with this launch the following Weather seasonal strips will be available:
These new Weather futures, weeklies and strips are currently available for customer testing in New Release and Certification.
Options on E-mini S&P® SmallCap 600® Futures
These options and strategies are available for customer testing in Certification and New Release.
Options on Eurodollar Futures Calendar Spreads
Eurodollar calendar spread options are designed to help market participants better manage risk exposures specifically tied to the slope of the Eurodollar rate curve. Call options will be exercisable into one long nearby Eurodollar futures contract and one short deferred Eurodollar futures contract, for example June 2008 (long) and June 2009 (short). Put options will be exercisable into a short nearby Eurodollar future and a long deferred one.
These options will be listed with the futures calendar spread as the indicated underlying. There will not be a synthetic future listed, as is the current practice for the NYMEX complex options on CME Globex. These options will support zero and negative strike prices.
These options and strategies will be available for customer testing in New Release on Monday, July 21.
NYMEX LCH ECM & MTF Products on CME Globex
This historic alliance will deliver improved capital and operational efficiencies through wider execution capabilities, broader credit intermediation and margining benefits for customers and market participants.
More information on the arrangement and benefits for market participants is available at www.nymexonlchclearnet.com.
Please note: the NYMEX ECM contracts require development to support trading of these unique products. Detailed development information is available in the NYMEX ECM and NYMEX MTF Products on CME Globex Client Impact Assessment. The complete lists of new products are available in the NYMEX ECM Snapshot and NYMEX MTF Snapshot.
These products are currently available for customer testing in the New Release environment. The mock trading session previously scheduled for June 28 has been cancelled. End-to-end testing to the LCH Clearing House is available in the New Release environment for configured customers. Please contact CSET at 312.930.2322 or your CME Globex Account Manager at 312.634.8700 to be configured.
NYMEX Aluminum Listing Changes
30-Day Fed Funds Futures and Options Enhancements
All these changes are currently available in New Release for customer testing. The new 12-month futures strips will be available on Monday, July 21.
The Instrument Group Code can be found in the Security Definition (tag 35-MsgType=d) FIX/FAST message, tag 55-Symbol; and in the Instrument Creation (MO) RLC-format message at position 70.
These changes are now available for customer testing in New Release.
|Events & Announcements|
Customers in New York, New Jersey and Chicago may submit orders now for 100Mbps CME DIRECTLink connectivity via a Schedule 2 for a new site, or Schedule 5 to upgrade an existing site, submitted to your CME Globex Account Manager. All of the CME Globex Hubs already support 100Mbps connectivity.
All LNet, Jackson Direct and CME DIRECTLink 100Mbps connectivity is priced at $8,000 per redundant connection per month. More information is available in Schedule 1.
All the Schedules to the CME Globex Connection Agreement are available at www.cmegroup.com/connectionagreement.
More information on the new 100Mbps connectivity, and reports and forecast of CME Globex bandwidth utilization for FIX/FAST-, ITC- and the legacy RLC-format market data is available in the latest CME Group Customer Forum presentation.